Outpatient Care - BRICS

BRICS

In 2024, the projected revenue of the Outpatient Care market in BRICS is expected to reach an impressive US$259.10bn.
This market segment is projected to show a steady annual growth rate of 9.39% from 2024 to 2029, resulting in a market volume of US$405.90bn by 2029.
When compared to other countries globally, it is worth noting that in the United States is expected to generate the highest revenue in the Outpatient Care market, with an estimated US$744.80bn in 2024.
In Brazil, the outpatient care market is experiencing significant growth due to the increasing demand for accessible and affordable healthcare services.

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

Market

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Currency

Analyst Opinion

The Outpatient Care market in BRICS has been experiencing significant growth in recent years, driven by various factors such as increasing demand for affordable healthcare services, rising prevalence of chronic diseases, and advancements in medical technology.

Customer preferences: Customers in BRICS countries are increasingly seeking convenient and accessible healthcare services, which has led to a surge in demand for outpatient care. Patients prefer outpatient care due to its lower cost compared to inpatient care, as well as the ability to receive treatment without being admitted to a hospital.

Trends in the market: Brazil, Russia, India, China, and South Africa have all seen a rise in outpatient care facilities, with increasing investments in healthcare infrastructure. In Brazil, for example, the government has implemented policies to increase the number of outpatient care centers, resulting in a significant increase in the number of facilities in recent years. In Russia, the government has also been investing heavily in healthcare infrastructure, particularly in outpatient care, to improve access to healthcare services in rural areas.In India, the outpatient care market has been growing rapidly due to the increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases. The country has also seen a rise in telemedicine and e-consultations, which have made healthcare services more accessible to patients in remote areas.In China, the outpatient care market has been driven by the country's aging population and rising healthcare expenditure. The government has been promoting the development of primary healthcare facilities, which has led to an increase in the number of outpatient care centers.In South Africa, the demand for outpatient care has been driven by the country's high burden of communicable diseases such as HIV/AIDS and tuberculosis. The government has been investing in healthcare infrastructure to improve access to healthcare services in underserved areas.

Local special circumstances: Each BRICS country has its unique set of challenges and opportunities in the outpatient care market. For example, in Brazil, the government's policies to increase the number of outpatient care centers have been met with challenges such as a shortage of healthcare professionals. In India, the lack of a regulatory framework for telemedicine has hindered the growth of the market.

Underlying macroeconomic factors: The growth of the outpatient care market in BRICS countries is also influenced by underlying macroeconomic factors such as population growth, urbanization, and rising healthcare expenditure. The increasing middle class in these countries has also led to a rise in demand for healthcare services, including outpatient care.In conclusion, the outpatient care market in BRICS countries is poised for continued growth in the coming years, driven by factors such as increasing demand for affordable healthcare services, rising prevalence of chronic diseases, and advancements in medical technology. However, each country has its unique set of challenges and opportunities, and policymakers need to address these to ensure the sustainable growth of the market.

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.