Outpatient Care - Georgia | Statista Market Forecast

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 9.23%.
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.

Definition:
Outpatient Care refers to medical and surgical services that are provided to patients who do not require an overnight stay in a hospital. It covers a wide range of services, including diagnostic tests, procedures, and treatments that are performed on an outpatient basis (e.g., doctor consultations, diagnostic services, and laboratory tests). Hospital outpatient care is designed to provide convenient, efficient, and cost-effective medical care to patients, allowing them to receive medical attention without having to spend the night in a hospital. This reduces the overall cost of healthcare and increases accessibility to medical services.

Additional information:
The Outpatient Care market comprises revenues and average revenue per capita. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Ambulatory care by hospitals
Minor surgical procedures
Clinic visits by patients
Checkups
Emergency department visits

Inpatient care
Day care
Long-term care
Home-based care

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.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

In recent years, a clear shift from inpatient to outpatient care has changed the face of healthcare, impacting operations, business models, staffing, and capital. Ambulatory centers carry out increasing numbers of medical procedures following advancements in healthcare technologies, cost management incentives, and consumer-focused services. There is a significant rise in the utilization of non-traditional sites of service such as ambulatory surgery centers, community health centers, primary care clinics, and telehealth. Employment in U.S. Ambulatory health care services has considerably grown over the years. Since 2007, according to the number of ambulatory care establishments in the U.S., nearly a hundred thousand ambulatory care establishments have opened across the country.