Outpatient Care - Austria

  • Austria
  • The Outpatient Care market in Austria is expected to achieve a revenue of US$4.35bn in 2024.
  • Furthermore, it is projected to exhibit a compound annual growth rate (CAGR 2024-2029) of 7.38%, leading to a market volume of US$6.21bn by 2029.
  • When compared globally, United States is anticipated to generate the highest revenue in this market, amounting to US$744.80bn in 2024.
  • In Austria, the Outpatient Care market is characterized by a strong emphasis on preventive care and a high level of patient satisfaction.

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

 
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Analyst Opinion

The Outpatient Care market in Austria has been experiencing significant growth in recent years, driven by various factors such as customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences:
Austrian customers have been showing a growing preference for outpatient care services due to their convenience and cost-effectiveness. Outpatient care services allow patients to receive medical attention without being admitted to a hospital, which saves time and money. Additionally, the COVID-19 pandemic has further accelerated this trend, as many patients are now hesitant to visit hospitals for fear of contracting the virus.

Trends in the market:
One major trend in the Outpatient Care market in Austria is the increasing popularity of telemedicine. Telemedicine allows patients to consult with healthcare professionals remotely, which reduces the need for physical visits to clinics and hospitals. This trend has been further accelerated by the COVID-19 pandemic, as many patients are now seeking remote medical attention to avoid exposure to the virus.Another trend in the market is the growing demand for specialized outpatient care services. As healthcare becomes more personalized, patients are increasingly seeking specialized care for their specific conditions. This has led to the emergence of specialized outpatient care clinics, which cater to the specific needs of patients with certain conditions.

Local special circumstances:
Austria has a well-developed healthcare system that provides universal coverage to its citizens. This has led to a high demand for healthcare services, including outpatient care. Additionally, the country has a rapidly aging population, which has further increased the demand for healthcare services.

Underlying macroeconomic factors:
The Outpatient Care market in Austria has been supported by various macroeconomic factors, including the country's stable economy and high levels of healthcare spending. The Austrian government has also been investing in healthcare infrastructure and technology, which has helped to drive growth in the Outpatient Care market.In conclusion, the Outpatient Care market in Austria is experiencing significant growth due to various factors such as customer preferences, local special circumstances, and underlying macroeconomic factors. As healthcare becomes more personalized and convenient, the demand for outpatient care services is likely to continue to grow in the coming years.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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