Hospitals - Mozambique

Mozambique

In Mozambique, the Hospitals market is anticipated to achieve a revenue of US$666.40m in 2024.
This revenue is forecasted to exhibit an annual growth rate (CAGR 2024-2029) of 8.40%.
As a result, the market volume is projected to reach US$997.40m by 2029.
On a global scale, United States is expected to generate the highest revenue in this market, amounting to US$1,501.00bn in 2024.
When considering the total population, the per person revenues in Mozambique are estimated to be US$19.12 in 2024.
Mozambique's hospital market is experiencing a surge in demand for advanced medical equipment and technology.

Key regions: United States, China, Germany, Japan, Europe

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Analyst Opinion

The Hospitals market in Mozambique has been experiencing significant growth in recent years.

Customer preferences: Mozambique has a population of approximately 30 million people, and access to quality healthcare is a major concern for many. As a result, there has been a growing demand for hospitals and healthcare facilities that can provide high-quality care to patients. Patients are increasingly seeking out hospitals that offer a wide range of services, including specialized treatments and procedures.

Trends in the market: One of the major trends in the Hospitals market in Mozambique is the increasing number of private hospitals and clinics. Private hospitals are becoming more popular among patients who are willing to pay for better quality care and more personalized attention. Additionally, there has been a growing trend towards specialized hospitals that focus on specific areas of healthcare, such as oncology or cardiology.Another trend in the Hospitals market in Mozambique is the adoption of new technologies and treatments. Hospitals are investing in state-of-the-art medical equipment and facilities to provide better care to patients. Additionally, there has been a growing trend towards using telemedicine and other digital technologies to improve access to healthcare in remote areas.

Local special circumstances: Mozambique is a low-income country with limited resources for healthcare. The government has been working to improve access to healthcare by investing in infrastructure and training healthcare professionals. However, there is still a significant gap between the demand for healthcare services and the available resources.One of the major challenges facing the Hospitals market in Mozambique is the shortage of qualified healthcare professionals, particularly doctors and nurses. This shortage has led to longer wait times for appointments and limited access to specialized care.

Underlying macroeconomic factors: Mozambique has been experiencing steady economic growth in recent years, which has led to an increase in disposable income and a growing middle class. This has contributed to the growing demand for private healthcare services.Additionally, Mozambique has a high burden of disease, particularly infectious diseases such as HIV/AIDS and malaria. This has led to a growing demand for healthcare services, particularly in rural areas where access to healthcare is limited.Overall, the Hospitals market in Mozambique is poised for continued growth in the coming years, driven by increasing demand for quality healthcare services, the adoption of new technologies and treatments, and a growing middle class. However, the shortage of qualified healthcare professionals and limited resources for healthcare will continue to be major challenges for the industry.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.