Outpatient Care - Georgia

Georgia

The Outpatient Care market in Georgia is predicted to achieve a revenue of US$134.90m in 2024.
This projection indicates that the market is expected to grow steadily, with an annual growth rate (CAGR 2024-2029) of 9.22%.
By 2029, the market volume is estimated to reach US$209.70m.
When compared globally, it is worth noting that United States is anticipated to generate the highest revenue in the Outpatient Care market, with a projected revenue of US$744.80bn in 2024.
In Georgia, the outpatient care market is experiencing a surge in demand due to the country's growing aging population.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Outpatient Care market in Georgia has seen significant growth in recent years.

Customer preferences: Customers in Georgia prefer outpatient care due to its convenience and lower cost compared to inpatient care. Additionally, the aging population in the country has resulted in an increased demand for outpatient care services.

Trends in the market: One of the major trends in the Outpatient Care market in Georgia is the increasing adoption of telemedicine. This trend has been accelerated by the COVID-19 pandemic, which has made virtual consultations more popular. Another trend is the growing popularity of outpatient surgery, which is less invasive and requires less recovery time than traditional inpatient surgery.

Local special circumstances: Georgia has a relatively small population and a relatively low GDP per capita compared to other countries in the region. This has resulted in a healthcare system that is less developed than in neighboring countries. However, the government has been working to improve the healthcare system in recent years, which has resulted in increased investment in outpatient care facilities.

Underlying macroeconomic factors: The growth of the Outpatient Care market in Georgia can be attributed to several underlying macroeconomic factors. These include the country's growing economy, which has resulted in increased disposable income and a greater demand for healthcare services. Additionally, there has been a shift in healthcare policy towards outpatient care, which has resulted in increased investment in this sector. Finally, the aging population in the country has resulted in increased demand for healthcare services, including outpatient care.

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.