Outpatient Care - Gambia

Gambia

The Outpatient Care market in Gambia is expected to witness significant growth in the coming years.
By 2024, revenue in this market is projected to reach US$8.37m GMD.
This is anticipated to be driven by factors such as increasing demand for outpatient services and advancements in healthcare technology.
Looking ahead, the market is expected to maintain a steady growth rate, with a compound annual growth rate (CAGR) of 3.99% between 2024 and 2029.
This would result in a market volume of US$10.18m GMD by 2029.
This growth can be attributed to factors like the rising prevalence of chronic diseases and the need for accessible and affordable outpatient care services.
In terms of global comparison, it is worth noting that United States is expected to generate the highest revenue in the Outpatient Care market.
In 2024, the projected revenue for the United States is estimated to be US$744.80bn.
This can be attributed to the well-established healthcare infrastructure and high healthcare expenditure in the country.
The demand for outpatient care in Gambia is steadily increasing due to the country's growing population and improving healthcare infrastructure.

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

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Analyst Opinion

The Outpatient Care market in Gambia has been experiencing some interesting developments in recent times.

Customer preferences: Customers in Gambia have been increasingly seeking outpatient care services due to the convenience it offers. Outpatient care services allow patients to receive medical attention without having to stay in the hospital for a prolonged period. This is particularly attractive to patients who have mild illnesses or those who require routine check-ups.

Trends in the market: One trend that has been observed in the Outpatient Care market in Gambia is the increasing number of private hospitals and clinics. These private healthcare facilities offer a range of outpatient services such as consultations, diagnostic tests, and minor surgeries. This trend is driven by the growing demand for outpatient care services and the need to reduce the burden on public healthcare facilities.Another trend in the Outpatient Care market in Gambia is the growing popularity of telemedicine. Telemedicine allows patients to consult with healthcare professionals remotely using technology such as video conferencing. This trend has been driven by the need to provide healthcare services to patients who are unable to physically visit healthcare facilities.

Local special circumstances: The Outpatient Care market in Gambia is heavily influenced by the country's healthcare system. The healthcare system in Gambia is largely public, with most healthcare services provided by the government. However, due to limited resources and funding, public healthcare facilities are often overcrowded and understaffed. This has led to the growth of private healthcare facilities, which offer more personalized and efficient healthcare services.

Underlying macroeconomic factors: The Outpatient Care market in Gambia is also influenced by the country's economic situation. Gambia is one of the poorest countries in the world, with a large percentage of the population living below the poverty line. This has led to limited resources for the healthcare sector, which in turn has led to the growth of private healthcare facilities. The government has also been encouraging foreign investment in the healthcare sector to improve the quality of healthcare services in the country.

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.