Outpatient Care - Burkina Faso

Burkina Faso

The Outpatient Care market in Burkina Faso is estimated to witness a significant surge in revenue, projected to reach US$116.20m in the year 2024.
This market is expected to exhibit a promising compound annual growth rate (CAGR 2024-2029) of 6.96%, leading to a substantial market volume of US$162.70m by the year 2029.
When compared globally, it is noteworthy that United States is anticipated to generate the highest revenue, amounting to a staggering US$744.80bn in 2024.
In Burkina Faso, the outpatient care market is seeing a rise in the utilization of telemedicine services to reach remote areas.

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

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Analyst Opinion

The Outpatient Care market in Burkina Faso has been showing interesting developments in recent years.

Customer preferences: Burkina Faso has a young population, with more than 60% of its citizens under the age of 25. This demographic is increasingly seeking healthcare services, including outpatient care, due to the rising prevalence of non-communicable diseases such as diabetes and hypertension. Additionally, there is a growing demand for specialized outpatient care services, such as ophthalmology and dentistry.

Trends in the market: The Outpatient Care market in Burkina Faso is witnessing a shift towards private healthcare providers, particularly in urban areas. This is due to the perceived higher quality of care and shorter waiting times compared to public healthcare facilities. Furthermore, there is a trend towards the use of technology in outpatient care, such as telemedicine and electronic health records, which is improving the efficiency and accessibility of healthcare services.

Local special circumstances: Burkina Faso is a low-income country with limited healthcare resources. The government has been investing in the healthcare sector, but funding remains insufficient to meet the growing demand for healthcare services. Furthermore, there is a shortage of healthcare professionals, particularly in rural areas, which limits the availability and quality of healthcare services.

Underlying macroeconomic factors: The Outpatient Care market in Burkina Faso is influenced by several macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and healthcare spending. However, the healthcare sector remains underfunded, with limited resources and infrastructure. Additionally, Burkina Faso is vulnerable to external shocks, such as fluctuations in commodity prices and climate-related events, which can impact the availability and affordability of healthcare services.

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.