Outpatient Care - Ghana

  • Ghana
  • The Outpatient Care market in Ghana is expected to witness significant growth in the coming years.
  • According to projections, the revenue is estimated to reach US$270.30m in 2024.
  • Furthermore, it is anticipated that the market will experience a steady annual growth rate of 5.26% from 2024 to 2029, resulting in a market volume of US$349.20m by 2029.
  • In terms of global comparison, it is noteworthy to mention that in the United States is expected to generate the highest revenue in the Outpatient Care market, reaching a staggering US$744.80bn in 2024.
  • Ghana's outpatient care market is experiencing a surge in demand for telemedicine services due to limited access to healthcare facilities in rural areas.

Key regions: France, Germany, United Kingdom, Canada, United States

 
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Analyst Opinion

The Outpatient Care market in Ghana has been experiencing significant growth in recent years, driven by a number of factors.

Customer preferences:
Ghanaians have a growing demand for healthcare services, particularly in the outpatient care sector. This is due to a number of factors, including an increase in the prevalence of chronic diseases, an aging population, and rising incomes. Patients are also becoming more educated about their health and are seeking out high-quality care that is convenient and accessible.

Trends in the market:
One of the key trends in the Outpatient Care market in Ghana is the increasing adoption of technology. This includes the use of electronic health records, telemedicine, and mobile health applications. These technologies are helping to improve access to care, reduce costs, and enhance the overall patient experience.Another trend in the market is the growing focus on preventative care. Many healthcare providers are now offering services such as health screenings, wellness programs, and disease management programs. This is helping to reduce the burden of chronic diseases and promote better health outcomes.

Local special circumstances:
Ghana has a relatively underdeveloped healthcare infrastructure compared to other countries in the region. This has created a significant need for outpatient care services, particularly in rural areas where access to healthcare is limited. The government has been investing in healthcare infrastructure in recent years, but there is still a significant need for private investment in the sector.

Underlying macroeconomic factors:
Ghana's economy has been growing steadily in recent years, driven by a number of factors including increased investment in infrastructure, rising incomes, and a growing middle class. This has led to an increase in demand for healthcare services, including outpatient care. Additionally, the government has been investing in healthcare infrastructure, which has helped to create a more favorable environment for healthcare providers. However, there are still challenges in the sector, including a shortage of healthcare professionals and a lack of health insurance coverage for many Ghanaians.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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