Hospitals

In 2024, the projected revenue in the Hospitals market in New Zealand is expected to reach NZ US$9.61bn.
It is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 5.39%, resulting in a market volume of NZ US$12.49bn by 2029.
When compared globally, United States is projected to generate the highest revenue in the Hospitals market, with an estimated amount of US$1.50tn in 2024.
Considering the total population figures, the per person revenues in New Zealand are expected to be NZ US$1.82k in 2024.
New Zealand's hospitals are increasingly adopting innovative telemedicine technologies to improve access to healthcare services in remote areas.

Definition:
Hospitals are licensed facilities that provide a variety of medical and surgical services, some of which are also provided by other facilities. A distinguishing characteristic of hospitals is “inpatient care,” which refers to services where patients are admitted to a hospital to stay overnight for closer monitoring.

This market includes general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to patients, ranging from diagnostics, medical and surgical treatments, nursing and specialized accommodation to other medical services. Depending on the specific legal regulations, the medical services provided by hospitals can vary greatly from country to country. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from this market.

Structure:
The Hospitals market is divided into three categories: Inpatient Care, Outpatient Care, and Other Hospital Services. Inpatient Care comprises all the medical and surgical services that are provided to patients who are admitted to a hospital for an overnight stay. Outpatient Care covers all medical and surgical services that are provided to patients without having to spend the night in a hospital. Other Hospital Services includes hospital services that are provided outside of a basic hospital setting, e.g., day-care, long-term care, and home-based care.

Additional information:
The shown KPIs include revenues, average revenue per capita, number of hospitals, density of hospitals, average revenue per hospital, number of hospital beds, density of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

General hospitals, including community, county, and regional hospitals
Psychiatric hospitals
Specialist hospitals, such as maternity clinics and aesthetics clinics

Long-term care facilities
Ambulatory care providers, such as specialist practices and dental practices
Providers of ancillary medical services
Medical retailers and other providers of medical supplies

New Zealand is a country with a population of around 5 million people, and the healthcare industry is an essential part of the country's economy. The Hospitals market in New Zealand has been developing in a unique way due to several factors.

Customer preferences: New Zealanders prefer public healthcare services over private healthcare services. The public healthcare system is funded by the government, and it provides free or low-cost healthcare services to the citizens. The majority of the population prefers to use these services due to their affordability and accessibility.

Trends in the market: One of the significant trends in the Hospitals market in New Zealand is the increasing demand for elective surgeries. The aging population and the rise in chronic diseases have led to an increase in demand for elective surgeries. Moreover, the government has been investing in the healthcare infrastructure, which has led to an increase in the number of hospitals and healthcare facilities.Another trend in the market is the adoption of technology in the healthcare industry. The hospitals in New Zealand are adopting new technologies such as electronic health records, telemedicine, and robotic surgeries to improve the quality of healthcare services.

Local special circumstances: New Zealand has a unique healthcare system where the government provides free or low-cost healthcare services to the citizens. The government is the primary funder of the healthcare system, and it regulates the healthcare industry. The government has been investing in the healthcare infrastructure to improve the quality of healthcare services.

Underlying macroeconomic factors: The New Zealand economy has been growing steadily, and the healthcare industry has been growing along with it. The government has been investing in the healthcare infrastructure, which has led to an increase in the number of hospitals and healthcare facilities. The aging population and the rise in chronic diseases have led to an increase in demand for healthcare services.In conclusion, the Hospitals market in New Zealand has been developing in a unique way due to the country's healthcare system, customer preferences, and underlying macroeconomic factors. The increasing demand for elective surgeries, adoption of technology, and government investment in the healthcare infrastructure are some of the significant trends in the market.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.