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Hospitals - Nordics

Nordics
  • In 2025, the projected revenue in the Hospitals market in the Nordics is estimated to reach US$81.96bn.
  • This represents a substantial growth potential for the market.
  • Furthermore, it is expected that the revenue will continue to grow at an annual rate of 3.40% from 2025 to 2029.
  • This growth rate is calculated using the compound annual growth rate (CAGR) methodology.
  • Based on this growth trajectory, it is forecasted that the market volume will reach US$93.71bn by 2029.
  • This indicates a positive outlook for the Hospitals market in the Nordics, as it demonstrates consistent growth over the projected period.
  • When compared globally, it is noteworthy that United States is expected to generate the highest revenue in the Hospitals market.
  • In 2025 alone, the projected revenue for the United States is a staggering US$1.55tn.
  • This highlights the dominance of the United States in terms of market size and revenue generation.
  • In terms of per-person revenues, in 2025, each individual in the Nordics is expected to generate an average of US$2.91k.
  • This figure gives insight into the revenue generated in relation to the total population figures.
  • It indicates the potential profitability of the Hospitals market in the Nordics, as it demonstrates a substantial revenue per person.
  • In the Nordics, hospitals are increasingly adopting digital health solutions to enhance patient care and improve efficiency.

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.

In-Scope
  • General hospitals, including community, county, and regional hospitals
  • Psychiatric hospitals
  • Specialist hospitals, such as maternity clinics and aesthetics clinics
Out-Of-Scope
  • 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
Hospitals: market data & analysis - Cover

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Hospitals: market data & analysis
Study Details

    Revenue

    Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.

    Most recent update:

    Source: Statista Market Insights

    Most recent update:

    Source: Statista Market Insights

    Analyst Opinion

    The healthcare industry in the Nordics is rapidly evolving, and the hospitals market is no exception.

    Customer preferences:
    Customers in the Nordics are increasingly seeking high-quality healthcare services that are easily accessible and affordable. Patients are also becoming more proactive in managing their health, leading to a rise in demand for preventive and personalized healthcare services. Additionally, there is a growing preference for digital healthcare solutions, such as telemedicine and remote patient monitoring, which allow patients to receive care from the comfort of their homes.

    Trends in the market:
    One of the major trends in the hospitals market in the Nordics is the increasing focus on patient-centric care. Hospitals are investing in technology and infrastructure to improve the patient experience and provide more personalized care. For example, some hospitals are implementing electronic health records (EHRs) and patient portals to give patients access to their medical records and facilitate communication with healthcare providers.Another trend in the market is the growing importance of sustainability. Hospitals in the Nordics are taking steps to reduce their environmental impact by implementing energy-efficient technologies, reducing waste, and sourcing sustainable materials. This trend is driven by both regulatory requirements and increasing public awareness of environmental issues.

    Local special circumstances:
    Each Nordic country has its own unique healthcare system and market dynamics. For example, in Sweden, the healthcare system is largely publicly funded, while in Denmark, there is a mix of public and private healthcare providers. Additionally, there are differences in healthcare infrastructure and workforce availability across the region.

    Underlying macroeconomic factors:
    The hospitals market in the Nordics is influenced by a range of macroeconomic factors, including government policies, demographic changes, and technological advancements. For example, aging populations in the region are driving demand for healthcare services, while advances in medical technology are increasing the availability of innovative treatments and procedures. Additionally, government policies aimed at improving healthcare access and quality are shaping the market landscape.

    Hospitals

    Most recent update:

    Sources: Statista Market Insights, OECD, WHO, National statistical offices

    Hospital beds

    Most recent update:

    Sources: Statista Market Insights, World Bank, WHO

    Global Comparison

    Most recent update:

    Source: Statista Market Insights

    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.

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    Hospitals: market data & analysis - BackgroundHospitals: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update:

    Source: Statista Market Insights

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    U.S. Hospitals - Statistics & Facts

    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.
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