Other Hospital Services - Colombia

Colombia

In Colombia, the revenue in the Other Hospital Services market is forecasted to reach US$0.65bn by the year 2024.
It is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 1.49%, leading to a market volume of US$0.70bn by 2029.
Comparing globally, the highest revenue is projected to be generated China, amounting to US$99,820.00m in 2024.
Colombia's Other Hospital Services market is experiencing a surge in demand due to the country's increasing medical tourism industry.

Key regions: Germany, United States, China, France, Brazil

Market

Region

Region comparison

Currency

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 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.