Outpatient Care - EU-27

EU-27

In the EU-27, the Outpatient Care market is anticipated to witness a significant growth in revenue, projected to reach US$113.10bn by 2024.
This indicates a positive trend, with an expected annual growth rate (CAGR 2024-2029) of 5.28%.
As a result, the market volume is estimated to expand to US$146.30bn by 2029.
Comparatively, when looking at the global scenario, in the United States is expected to generate the highest revenue in the Outpatient Care market, amounting to US$744.80bn in 2024.
This exemplifies the strong position of the United States in this market segment.
In Germany, there is a growing trend towards telemedicine in outpatient care, with increasing numbers of patients opting for virtual consultations and remote monitoring.

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

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Analyst Opinion

The Outpatient Care market in EU-27 has been experiencing significant growth in recent years, driven by various factors such as customer preferences and local special circumstances.

Customer preferences: One of the main customer preferences driving the growth of the Outpatient Care market in EU-27 is the increasing demand for more convenient and accessible healthcare services. Patients are now seeking more flexible options that allow them to receive medical attention without having to stay overnight in a hospital. This trend has led to the rise of outpatient care facilities that offer a wide range of medical services, including diagnostic tests, minor surgeries, and rehabilitation programs.

Trends in the market: The Outpatient Care market in EU-27 is also being driven by various trends that are shaping the healthcare industry in the region. One of the most significant trends is the increasing adoption of digital technologies that are transforming the way healthcare services are delivered. For instance, telemedicine is becoming more popular, allowing patients to access medical consultations remotely. Additionally, the use of electronic health records is improving the efficiency of healthcare providers and enabling better coordination of care.

Local special circumstances: The Outpatient Care market in EU-27 is also influenced by local special circumstances that are unique to each country in the region. For instance, some countries have aging populations that require more specialized healthcare services, such as chronic disease management and palliative care. Other countries have high rates of chronic diseases such as diabetes and heart disease, which are driving the demand for outpatient care services that focus on prevention and management.

Underlying macroeconomic factors: The growth of the Outpatient Care market in EU-27 is also being driven by various macroeconomic factors, including the increasing healthcare expenditure in the region. Governments are investing more in healthcare infrastructure and services to meet the growing demand for healthcare services. Additionally, the rising prevalence of chronic diseases and the aging population are increasing the burden on healthcare systems, leading to a greater need for outpatient care services.In conclusion, the Outpatient Care market in EU-27 is experiencing significant growth, driven by various factors such as customer preferences, local special circumstances, and underlying macroeconomic factors. The increasing demand for more convenient and accessible healthcare services, the adoption of digital technologies, and the rising healthcare expenditure in the region are all contributing to the 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.