Other Hospital Services - Montenegro

Montenegro

In Montenegro, the revenue in the Other Hospital Services market is projected to reach US$51.43m in 2024.
Looking ahead, it is expected that the revenue will show an annual growth rate (CAGR 2024-2029) of 2.25%, resulting in a market volume of US$57.47m by 2029.
When compared globally, it is noteworthy that the highest revenue will be generated China, with an estimated amount of US$99,820.00m in 2024.
Montenegro's other hospital services market is witnessing a surge in demand due to the country's growing 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.