Outpatient Care - Estonia

  • Estonia
  • In Estonia, the revenue in the Outpatient Care market is forecasted to reach US$314.40m by 2024.
  • It is expected to exhibit a compound annual growth rate (CAGR 2024-2029) of 8.11%, leading to a market volume of US$464.30m by 2029.
  • When compared globally, in the United States is projected to generate the highest revenue of US$744.80bn in 2024.
  • Estonia's outpatient care market is rapidly expanding due to the country's well-developed digital health infrastructure and emphasis on telemedicine.

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

 
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Analyst Opinion

Estonia, a small country in Northern Europe, has been experiencing a steady growth in its Outpatient Care market over the past few years.

Customer preferences:
Estonian citizens have been showing a growing preference for Outpatient Care services due to their convenience and cost-effectiveness. Patients are able to receive medical attention without having to stay overnight in a hospital, which saves them time and money. Additionally, Outpatient Care services are often more specialized than those provided in hospitals, which is attractive to patients with specific medical needs.

Trends in the market:
One of the key trends in the Outpatient Care market in Estonia is the increasing number of private clinics and healthcare providers. These clinics offer a wide range of services, from general check-ups to specialized treatments, and are often able to provide faster and more personalized care than public hospitals. As a result, many patients are choosing to pay for Outpatient Care services out of pocket, rather than relying on the public healthcare system.Another trend in the market is the growing use of telemedicine and digital health solutions. With the rise of smartphones and other mobile devices, patients are increasingly looking for ways to access medical services remotely. Telemedicine allows patients to consult with doctors and other healthcare professionals via video chat or other digital platforms, which is particularly useful for patients in rural areas who may not have easy access to medical facilities.

Local special circumstances:
One of the unique aspects of the Outpatient Care market in Estonia is the country's relatively small population. With just over 1.3 million people, Estonia is one of the smallest countries in the European Union. This means that healthcare providers must be particularly efficient and innovative in order to serve the needs of the population. Additionally, Estonia has a highly digitized economy, which has helped to drive the adoption of telemedicine and other digital health solutions.

Underlying macroeconomic factors:
Estonia's Outpatient Care market is also influenced by broader economic trends. The country has experienced steady economic growth in recent years, which has led to increased demand for healthcare services. Additionally, Estonia has a relatively high level of public healthcare spending compared to other countries in the region, which has helped to support the growth of the Outpatient Care market. Finally, Estonia's aging population is also contributing to the growth of the market, as older patients often require more frequent medical attention and are more likely to seek out specialized 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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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