Outpatient Care - G7

The Outpatient Care market in G7 is expected to reach a projected revenue of US$0.89tn in 2024.
It is anticipated to exhibit a Compound Annual Growth Rate (CAGR 2024-2029) of 4.89%, leading to a market volume of US$1.13tn by 2029.
Among the G7 countries, United States is projected to generate the highest revenue, with US$744.80bn in 2024.
In the United States, the trend in outpatient care is a shift towards telemedicine and virtual visits due to the COVID-19 pandemic.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Outpatient Care market in G7 has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for this growth is the increasing demand for healthcare services among the aging population. As the population ages, the need for healthcare services, including outpatient care, increases. Additionally, patients prefer outpatient care as it allows them to receive treatment without being admitted to a hospital, which can be costly and time-consuming.

Trends in the market: The Outpatient Care market in G7 is also experiencing a shift towards more specialized and personalized care. Patients are seeking out providers that offer specialized services that cater to their specific needs. This trend is driving the growth of outpatient facilities that specialize in areas such as oncology, cardiology, and orthopedics.

Local special circumstances: In the United States, the Outpatient Care market is driven by the increasing prevalence of chronic diseases such as diabetes and heart disease. These conditions require ongoing treatment and monitoring, which can be provided through outpatient care. In Japan, the market is driven by the aging population and the government's efforts to reduce healthcare costs by promoting outpatient care.

Underlying macroeconomic factors: The Outpatient Care market in G7 is also influenced by macroeconomic factors such as government policies, healthcare spending, and technological advancements. Governments in G7 countries are investing in healthcare infrastructure and promoting outpatient care to reduce healthcare costs and improve access to care. Technological advancements in areas such as telemedicine and electronic health records are also driving the growth of outpatient care. In conclusion, the Outpatient Care market in G7 is experiencing significant growth due to the increasing demand for healthcare services among the aging population, the shift towards more specialized and personalized care, and underlying macroeconomic factors such as government policies and technological advancements.

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.