Outpatient Care - Algeria

Algeria

In Algeria, the Outpatient Care market is expected to witness significant growth in the coming years.
By 2024, the revenue in this market is projected to reach US$1.08bn.
This growth is expected to continue, with an annual growth rate (CAGR 2024-2029) of 1.09%.
By 2029, the market volume is estimated to reach US$1.14bn.
When comparing Algeria's Outpatient Care market to the global market, it is worth noting that United States is expected to generate the highest revenue.
In 2024, the revenue generated United States is projected to be US$744.80bn.
This highlights the dominance of the United States in this market.
Algeria's outpatient care market is experiencing a surge in demand due to an aging population and increasing prevalence of chronic diseases.

Key regions: United Kingdom, Japan, China, Brazil, Canada

Market

Region

Region comparison

Currency

Analyst Opinion

Outpatient care has been a growing trend in Algeria in recent years, as more and more patients seek medical care that is both convenient and cost-effective. This trend is reflected in the increasing number of outpatient clinics and facilities throughout the country.

Customer preferences: Algerian customers have shown a strong preference for outpatient care due to its convenience and affordability. Outpatient clinics offer a wide range of medical services, from routine check-ups to more specialized treatments, all without the need for an overnight stay. Patients are able to receive medical care without disrupting their daily routines, which is particularly important for those with busy schedules or who live far from hospitals.

Trends in the market: The outpatient care market in Algeria has been growing steadily in recent years, driven by increasing demand for convenient and cost-effective medical care. This trend is expected to continue as the government invests in healthcare infrastructure and more private sector providers enter the market. In addition, the COVID-19 pandemic has accelerated the shift towards outpatient care as patients seek to avoid hospitals and other high-risk environments.

Local special circumstances: Algeria has a young and growing population, with a high demand for healthcare services. The country has made significant investments in healthcare infrastructure in recent years, including the construction of new hospitals and clinics. However, the healthcare system still faces challenges in terms of access and affordability, particularly in rural areas.

Underlying macroeconomic factors: Algeria's economy is heavily dependent on oil and gas exports, which have been hit hard by declining global demand and prices. This has led to budget cuts and a slowdown in economic growth, which could impact the healthcare sector in the long term. However, the government has made healthcare a priority and is investing in infrastructure and human resources to improve access and quality of care.

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.