Outpatient Care - Finland

Finland

In Finland, the Outpatient Care market is expected to witness significant growth.
According to projections, the revenue in this market is projected to reach US$4.67bn in 2024.
Furthermore, it is anticipated that the revenue will display a steady annual growth rate (CAGR 2024-2029) of 5.07%, resulting in a market volume of US$5.98bn by 2029.
When comparing the global Outpatient Care market, it is noteworthy that United States is expected to generate the highest revenue.
In 2024, the projected revenue for the United States is estimated to be a staggering US$744.80bn.
This indicates the dominant position of the United States in terms of revenue generation in this market.
In Finland, there is a growing trend towards telemedicine and virtual consultations in the outpatient care market.

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

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Analyst Opinion

The Outpatient Care market in Finland has been experiencing significant growth in recent years.

Customer preferences: Customers in Finland are increasingly seeking high-quality healthcare services that are easily accessible and affordable. Outpatient care is becoming more popular due to its convenience and cost-effectiveness compared to inpatient care. Patients also prefer outpatient care for non-emergency medical procedures and treatments, as it allows them to return home the same day.

Trends in the market: The Outpatient Care market in Finland has been growing steadily due to several factors. Firstly, the aging population has increased the demand for healthcare services. Secondly, advancements in medical technology have made outpatient procedures safer and more effective. Thirdly, the Finnish government has been investing in the healthcare sector, leading to the development of new outpatient care facilities across the country.One of the major trends in the Outpatient Care market in Finland is the increased use of telemedicine. Telemedicine allows patients to receive medical consultations and treatment remotely, reducing the need for physical visits to healthcare facilities. This trend has been accelerated by the COVID-19 pandemic, which has led to an increase in the use of telemedicine services across the world.Another trend in the Outpatient Care market in Finland is the growing popularity of private healthcare providers. Private healthcare providers offer faster access to medical treatment and more personalized care, which is becoming increasingly important to Finnish consumers.

Local special circumstances: Finland has a highly developed healthcare system that is funded by the government. However, the country has a shortage of healthcare professionals, particularly in rural areas. This has led to longer waiting times for medical treatment, which has increased the demand for private healthcare providers.

Underlying macroeconomic factors: Finland has a stable economy with a high standard of living. The government has been investing heavily in the healthcare sector, which has led to the development of new outpatient care facilities across the country. The aging population has also increased the demand for healthcare services, leading to the growth of the Outpatient Care market in Finland.

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.