Outpatient Care - Argentina

Argentina

The Outpatient Care market in Argentina is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is expected to reach US$4.22bn in 2024.
Furthermore, there is an anticipated annual growth rate of 4.06% (CAGR 2024-2029), which would result in a market volume of US$5.15bn by 2029.
When compared globally, it is worth noting that United States is expected to generate the highest revenue in the Outpatient Care market, with an estimated amount of US$744.80bn in 2024.
This showcases the dominance of the United States in this particular market.
Argentina's outpatient care market is experiencing a surge in demand for telemedicine services due to its vast geography and limited access to healthcare facilities in rural areas.

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

Market

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Currency

Analyst Opinion

The Outpatient Care market in Argentina has been experiencing a surge in recent years due to various factors.

Customer preferences: Customers in Argentina have been increasingly opting for outpatient care services due to the convenience and affordability they offer. Outpatient care allows patients to receive medical attention without having to stay in the hospital, which is often more expensive. Moreover, with the rise of chronic diseases, patients prefer to receive regular check-ups and treatment without disrupting their daily routine.

Trends in the market: The trend of outpatient care in Argentina is on the rise due to the increasing demand for healthcare services. The government has been investing in the healthcare sector, which has led to the development of more outpatient care facilities. Additionally, the rise of private healthcare providers has increased competition in the market, leading to improved quality of service and affordability for patients.

Local special circumstances: Argentina has a unique healthcare system where both public and private healthcare providers coexist. The public healthcare system is free for all citizens, but the quality of service is often subpar. The private healthcare sector, on the other hand, is more expensive but offers better quality of service. Outpatient care has been gaining popularity in both sectors due to the convenience and affordability it offers.

Underlying macroeconomic factors: The rise of outpatient care in Argentina can also be attributed to the country's economic situation. With the devaluation of the Argentine peso, many citizens are unable to afford expensive hospital stays. Outpatient care offers a more affordable alternative, which has led to its popularity. Additionally, the aging population in Argentina has led to an increase in demand for healthcare services, including outpatient 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.