Outpatient Care - EMEA

EMEA

In the EMEA region, the Outpatient Care market is expected to witness significant growth in the coming years.
By 2024, the projected revenue for this market segment is estimated to reach a staggering US$207.70bn units of currency.
Looking ahead, the market is anticipated to exhibit a steady annual growth rate of 4.56% from 2024 to 2028.
As a result, the market volume is projected to expand to approximately US$248.30bn units of currency by 2028.
When comparing the Outpatient Care market globally, it is noteworthy that in the United States is expected to generate the highest revenue.
In 2024 alone, the revenue in the United States is forecasted to reach a substantial US$744.80bn units of currency.
This highlights the dominance of the United States in the Outpatient Care market sector.
In Germany, outpatient care is experiencing a surge in demand due to an aging population and a focus on preventive healthcare.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Outpatient Care is one of the most essential services within the Hospitals market because patients are able to get consultations and/or treatments that can only be provided by hospitals. Driven by the need for more convenient and cost-effective medical services, a continued shift towards outpatient care is estimated in the future.

Furthermore, the growth of telemedicine, such as remote diagnosis, the treatment of patients, and online consultations, is expected to drive the growth of the Outpatient Care market. This technology allows patients to receive medical care remotely, reducing the need for in-person visits and increasing accessibility to medical services, thus making the visit to the doctor more convenient. With the availability of online consultations, patients who may have been deterred by the high complexity of hospital visits can now quickly and easily schedule an online consultation with a doctor. This can result in increased revenue numbers for hospitals as the patient is more likely to follow through with the appointment. Moreover, if the doctor recommends that the patient visit the hospital for further assessment or treatment, it can result in additional revenue for the hospital.

Another key benefit of telemedicine is that, with the aid of technical devices and online consultations, it allows patients to receive post-surgical care from the comfort of their own homes. This has been particularly advantageous for patients who have undergone moderately severe operations that traditionally required an inpatient stay. Hence, it fosters the ongoing trend for shifting from inpatient to outpatient care.

In the forecast period, the Outpatient Care market is expected to exhibit high growth numbers, with a CAGR of around 4%. Hospitals are expected to put a stronger focus on preventive care, which is projected to drive the growth of the market. This may include investments in wellness programs, disease management, and patient education, which can help prevent chronic conditions and improve patient conditions.

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.