Hospitals - Oman

Oman

The Hospitals market in Oman is projected to reach a revenue of US$1.59bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.01%, resulting in a market volume of US$2.03bn by 2029.
In global comparison, United States is expected to generate the highest revenue in the Hospitals market, with US$1,501.00bn US Dollars in 2024.
When considering the total population figures, in Oman is estimated to generate per person revenues of US$337.40 in 2024.
Oman's hospitals are increasingly focusing on implementing advanced technology and telemedicine services to improve patient care and accessibility.

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

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Analyst Opinion

Hospitals in Oman have been experiencing steady growth in recent years, driven by a combination of factors such as increasing population, rising income levels, and government investment in healthcare infrastructure.

Customer preferences: Oman's population has been growing steadily, and with it, the demand for healthcare services. The country's healthcare system is characterized by a mix of public and private providers, with the latter accounting for a significant share of the market. Customers in Oman are increasingly seeking high-quality healthcare services, which has led to the emergence of several specialized hospitals and clinics in the country. Patients are also becoming more aware of their healthcare needs, and are seeking out facilities that offer comprehensive services and personalized care.

Trends in the market: One of the key trends in Oman's hospitals market is the increasing focus on specialized healthcare services. Hospitals in Oman are offering a wide range of specialized services such as cardiology, oncology, neurology, and orthopedics, among others. This trend is driven by the growing demand for specialized care, as well as the need to differentiate themselves in a competitive market. Another trend is the increasing adoption of technology in healthcare, with hospitals investing in advanced medical equipment and digital health solutions. This trend is expected to continue in the coming years, as the government encourages the adoption of digital health solutions to improve healthcare outcomes and reduce costs.

Local special circumstances: Oman's hospitals market is characterized by a mix of public and private providers. The government has been investing heavily in healthcare infrastructure, with the aim of improving access to healthcare services for the population. The government's focus on healthcare has led to the establishment of several new hospitals and clinics in the country, particularly in rural areas. Private hospitals and clinics also play a significant role in the market, offering high-quality healthcare services to customers who are willing to pay a premium.

Underlying macroeconomic factors: Oman's hospitals market is influenced by several macroeconomic factors, including population growth, income levels, and government policies. The country's population has been growing steadily, which has led to an increase in demand for healthcare services. Rising income levels have also contributed to the growth of the market, as customers are willing to pay more for high-quality healthcare services. Government policies, such as the National Health Strategy 2016-2025, which aims to improve healthcare outcomes and reduce costs, are also driving the growth of the market. Overall, the outlook for Oman's hospitals market is positive, with steady growth expected in the coming years.

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.