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Other Hospital Services - Namibia

Namibia
  • In Namibia, the revenue generated in the Other Hospital Services market is estimated to reach US$72.41m in 2024.
  • Looking ahead, this market is expected to experience a steady annual growth rate (CAGR 2024-2029) of 0.09%, which would lead to a market volume of US$72.73m by 2029.
  • It is worth noting that, in a global context, China is projected to generate the highest revenue in this sector, reaching a staggering US$99.82bn in 2024.
  • Namibia's Other Hospital Services market is experiencing a surge in demand due to the country's growing medical tourism industry.

Definition:
Other Hospital Services refers to healthcare services that are provided outside of a basic hospital setting, e.g., day care, long-term care, and home-based care provided by hospitals. Day care services include planned medical and paramedical services provided to patients who have been formally admitted for diagnosis, treatment, and/or other types of health care but with the objective of discharging the patient on the same day. Long-term care provides ongoing medical and non-medical support to inpatients in long-stay hospital wards, including quadriplegic or end-of-life care or long-term care for patients suffering from mental disabilities and/or substance abuse. Home-based care provides medical services to patients in their homes, allowing them to receive treatment in a comfortable and familiar environment. These types of services aim to provide quality medical care to patients in alternative settings.

Additional information:
The Other Hospital Services market comprise revenues and average revenue per capita. 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

  • Hospital day care
  • Hospital long term care
  • Hospital home-based care
  • Other medical goods and collective health services by hospitals

Out-Of-Scope

  • Services from long-term care facilities
  • Services from ambulatory care providers, such as specialist practices and dental practices
  • Services from medical retailers and other providers of medical supplies
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Study Details

    Revenue

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

    Most recent update: Apr 2024

    Source: Statista Market Insights

    Most recent update: Apr 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Apr 2024

    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 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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    Residential care in Europe - BackgroundResidential care in Europe - Cover

    Key Market Indicators

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

    Most recent update: Sep 2024

    Source: Statista Market Insights

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