Outpatient Care - Bhutan

  • Bhutan
  • The Outpatient Care market in Bhutan is expected to witness significant growth in the coming years.
  • By 2024, the projected revenue is estimated to reach US$9.26m.
  • This growth is anticipated to continue with an annual growth rate (CAGR 2024-2029) of 5.18%, resulting in a market volume of US$11.92m by 2029.
  • When compared globally, it is noteworthy that United States will generate the highest revenue in the Outpatient Care market.
  • In 2024, the revenue generated United States is expected to reach a staggering US$744.80bn.
  • This highlights the dominant position of the United States in this market.
  • Bhutan's outpatient care market is experiencing a surge in demand for traditional medicine practices, driven by the country's strong cultural belief in holistic healing.

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

 
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Analyst Opinion

The Outpatient Care market in Bhutan has been developing steadily in recent years, driven by a growing demand for healthcare services and an increasing focus on preventative care.

Customer preferences:
Customers in Bhutan are increasingly seeking out outpatient care services that are convenient, affordable, and of high quality. This has led to a rise in the number of private outpatient clinics and hospitals, which offer a range of services including diagnostic testing, specialist consultations, and minor procedures. Patients are also increasingly using telemedicine services to consult with healthcare providers remotely, which has helped to improve access to care in remote and rural areas.

Trends in the market:
One of the key trends in the Outpatient Care market in Bhutan is the increasing focus on preventative care. This has led to a rise in the number of health screening and diagnostic testing services, as well as an increased emphasis on lifestyle and wellness programs. Another trend is the growing popularity of traditional medicine, which is widely used alongside modern medical practices in Bhutan. This has led to a rise in the number of traditional medicine clinics and practitioners, which offer a range of services including herbal remedies, acupuncture, and massage therapy.

Local special circumstances:
Bhutan is a small, landlocked country with a population of just over 750,000 people. The country has a limited healthcare infrastructure, with only a few hospitals and clinics serving the entire population. This has led to a rise in the number of private outpatient clinics and hospitals, which have helped to improve access to care for many Bhutanese people. Another unique aspect of the healthcare system in Bhutan is the government's focus on Gross National Happiness (GNH), which includes a focus on the well-being of citizens and the provision of healthcare services.

Underlying macroeconomic factors:
Bhutan is a developing country with a small, open economy. The country has experienced steady economic growth in recent years, driven by the development of hydroelectric power and tourism. This has led to an increase in disposable income and a growing middle class, which has helped to drive demand for healthcare services. However, the country still faces significant challenges in terms of healthcare infrastructure and human resources, which will need to be addressed in order to sustain the growth of the Outpatient Care market in the long term.

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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