Outpatient Care - Bangladesh

Bangladesh

In Bangladesh, the Outpatient Care market is projected to achieve a revenue of US$1.17bn in 2024.
It is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 13.15%, leading to a market volume of US$2.17bn by 2029.
When compared globally, in the United States is expected to generate the highest revenue, amounting to US$744.80bn in 2024.
The outpatient care market in Bangladesh is experiencing a surge in demand due to a growing population and increased awareness of healthcare services.

Key regions: France, Germany, United Kingdom, Canada, United States

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Analyst Opinion

The Outpatient Care market in Bangladesh has been experiencing significant growth in recent years.

Customer preferences: One of the primary reasons for this growth is the increasing demand for healthcare services in the country. With a population of over 160 million people, Bangladesh has a large and growing market for healthcare services. Additionally, the rising middle class in the country has led to an increase in demand for higher quality healthcare services, including outpatient care.

Trends in the market: In recent years, there has been a trend towards the privatization of healthcare services in Bangladesh. This has led to an increase in the number of private outpatient care clinics and hospitals in the country. These private healthcare providers are often able to offer higher quality services than their public counterparts, which has further fueled demand for outpatient care.Another trend in the market is the increasing use of technology in healthcare. In Bangladesh, this has manifested in the form of telemedicine, which allows patients to consult with doctors remotely. This has the potential to greatly increase access to healthcare services, particularly in rural areas where there may be a shortage of healthcare providers.

Local special circumstances: Bangladesh is a low-income country, and the majority of the population does not have access to high-quality healthcare services. This has created a significant need for outpatient care, particularly in rural areas where there may be limited access to healthcare providers. Additionally, the country has a high burden of communicable diseases such as tuberculosis and malaria, which further increases the demand for healthcare services.

Underlying macroeconomic factors: In recent years, Bangladesh has experienced strong economic growth, which has led to an increase in disposable income for many households. This has fueled demand for higher quality healthcare services, including outpatient care. Additionally, the government has made significant investments in the healthcare sector in recent years, which has helped to improve the overall quality of healthcare services in the country. However, there is still a significant need for further investment in the healthcare sector to meet the growing demand for healthcare services in the country.

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.