Outpatient Care - Ethiopia

  • Ethiopia
  • In Ethiopia, the Outpatient Care market is expected to witness significant growth in the coming years.
  • By 2024, the projected revenue in this market is estimated to reach US$0.39bn.
  • This growth is anticipated to continue with an annual growth rate (CAGR 2024-2029) of 10.07%.
  • As a result, the market volume is projected to reach US$0.63bn by 2029.
  • When compared globally, it is worth noting that United States is expected to generate the highest revenue in the Outpatient Care market.
  • In 2024, the revenue generated by United States is forecasted to be a staggering US$744.80bn.
  • This indicates the dominant position of the United States in this market.
  • Ethiopia's outpatient care market is experiencing significant growth due to increased government investment in healthcare infrastructure and rising demand for accessible and affordable healthcare services.

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

 
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Analyst Opinion

The Outpatient Care market in Ethiopia has been growing steadily in recent years, reflecting the country's overall economic development and increasing demand for healthcare services.

Customer preferences:
Ethiopia has a large and growing population, with a significant proportion of the population living in rural areas. As a result, there is a strong demand for healthcare services that are accessible and affordable. Outpatient care is a popular choice for many Ethiopians, as it allows them to receive medical treatment without having to be admitted to a hospital.

Trends in the market:
One of the key trends in the Outpatient Care market in Ethiopia is the increasing availability of private healthcare providers. While the government remains the largest provider of healthcare services in the country, there has been a significant increase in the number of private clinics and hospitals in recent years. This has led to greater competition in the market, which has helped to improve the quality of care and reduce the cost of services.Another trend in the market is the growing use of technology to improve healthcare services. Many healthcare providers in Ethiopia are now using electronic medical records and telemedicine to improve the efficiency and effectiveness of their services. This has helped to reduce waiting times for patients and improve the accuracy of diagnoses.

Local special circumstances:
Ethiopia faces a number of unique challenges in the Outpatient Care market, including a shortage of healthcare workers and limited infrastructure in many areas of the country. This has led to a significant disparity in healthcare access between urban and rural areas, with many people in rural areas having limited access to healthcare services.

Underlying macroeconomic factors:
Ethiopia has experienced strong economic growth in recent years, which has helped to drive the development of the Outpatient Care market. However, the country still faces significant challenges in terms of poverty and inequality, which can limit access to healthcare services for many people. Additionally, the ongoing COVID-19 pandemic has had a significant impact on the healthcare sector in Ethiopia, with many healthcare providers struggling to cope with the increased demand for 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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