Outpatient Care - Baltics | Statista Market Forecast

The projected revenue in the Outpatient Care market for the Baltics is expected to reach US$691.00m in 2024.
It is anticipated that there will be an annual growth rate (CAGR 2024-2029) of 9.02%, which will result in a market volume of US$1.06bn by 2029.
Comparatively, United States is projected to generate the highest revenue of US$744.80bn in 2024.
In the Baltics, the outpatient care market is experiencing a rise in telemedicine services, providing convenient and accessible healthcare to individuals across the region.

Definition:
Outpatient Care refers to medical and surgical services that are provided to patients who do not require an overnight stay in a hospital. It covers a wide range of services, including diagnostic tests, procedures, and treatments that are performed on an outpatient basis (e.g., doctor consultations, diagnostic services, and laboratory tests). Hospital outpatient care is designed to provide convenient, efficient, and cost-effective medical care to patients, allowing them to receive medical attention without having to spend the night in a hospital. This reduces the overall cost of healthcare and increases accessibility to medical services.

Additional information:
The Outpatient Care market comprises 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.

Ambulatory care by hospitals
Minor surgical procedures
Clinic visits by patients
Checkups
Emergency department visits

Inpatient care
Day care
Long-term care
Home-based care

The Baltics, a region consisting of Estonia, Latvia, and Lithuania, has seen significant growth in the Outpatient Care market in recent years.

Customer preferences: In line with global trends, Baltics' consumers are increasingly seeking convenience and cost-effective healthcare solutions, leading to a rising demand for outpatient care services. Patients are looking for healthcare providers that offer a wide range of services, flexible hours, and personalized care.

Trends in the market: The Outpatient Care market in Baltics is witnessing a shift towards digitalization, with healthcare providers offering online consultations and telemedicine services. This trend is driven by the increasing use of smartphones and the internet, allowing patients to access healthcare services from the comfort of their homes. Additionally, there is a growing trend towards preventive care, with healthcare providers offering wellness and lifestyle programs to help patients maintain good health.

Local special circumstances: The Baltics region has a well-developed healthcare system, with a high level of healthcare expenditure per capita. However, there is a shortage of healthcare professionals, leading to long waiting times for appointments. This has resulted in an increasing demand for private healthcare services, including outpatient care.

Underlying macroeconomic factors: The Outpatient Care market in Baltics is benefiting from a growing economy, with rising disposable incomes and an expanding middle class. Additionally, the aging population is driving demand for healthcare services, including outpatient care. The Baltics region is also attracting medical tourists, particularly from neighboring countries, due to the high quality of healthcare services and lower costs compared to Western Europe.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

In recent years, a clear shift from inpatient to outpatient care has changed the face of healthcare, impacting operations, business models, staffing, and capital. Ambulatory centers carry out increasing numbers of medical procedures following advancements in healthcare technologies, cost management incentives, and consumer-focused services. There is a significant rise in the utilization of non-traditional sites of service such as ambulatory surgery centers, community health centers, primary care clinics, and telehealth. Employment in U.S. Ambulatory health care services has considerably grown over the years. Since 2007, according to the number of ambulatory care establishments in the U.S., nearly a hundred thousand ambulatory care establishments have opened across the country.