Outpatient Care - Guatemala

Guatemala

The Outpatient Care market in Guatemala is expected to see a significant increase in revenue, reaching US$0.41bn in 2024.
This projection indicates a positive growth trend for the industry.
Furthermore, it is anticipated that the market will continue to expand with an annual growth rate (CAGR 2024-2029) of 7.18%.
By 2029, the market volume is estimated to reach US$0.58bn.
When compared to other countries globally, in the United States is projected to generate the highest revenue in the Outpatient Care market, amounting to US$744.80bn in 2024.
This demonstrates the dominant position of the United States in this industry.
The outpatient care market in Guatemala is experiencing a surge in telemedicine services due to the country's limited access to healthcare facilities in rural areas.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Guatemala, a Central American country, is experiencing a surge in the Outpatient Care market.

Customer preferences: Guatemalans are increasingly opting for outpatient care services due to the convenience and cost-effectiveness it offers. Outpatient care is preferred over inpatient care as it allows patients to return home on the same day, avoiding the need for overnight hospital stays. Additionally, outpatient care is less expensive than inpatient care, making it a more affordable option for many Guatemalans.

Trends in the market: The Outpatient Care market in Guatemala is witnessing a rise in demand for specialized outpatient care services. Specialized outpatient care services such as cancer treatment, dialysis, and rehabilitation services are gaining popularity in the country. This can be attributed to the increase in the prevalence of chronic diseases and the aging population. Furthermore, the COVID-19 pandemic has also led to an increase in demand for outpatient care services, as people are hesitant to visit hospitals for fear of contracting the virus.

Local special circumstances: The Outpatient Care market in Guatemala is highly fragmented, with many small clinics and hospitals offering outpatient care services. However, the market is witnessing consolidation, with larger healthcare providers acquiring smaller clinics and hospitals. This consolidation is expected to continue as larger providers aim to expand their service offerings and increase their market share.

Underlying macroeconomic factors: Guatemala is experiencing steady economic growth, which is expected to continue in the coming years. This growth is expected to drive demand for healthcare services, including outpatient care. Additionally, the Guatemalan government has been investing in the healthcare sector, which is expected to boost the Outpatient Care market. The government has been focusing on improving healthcare infrastructure, increasing access to healthcare services, and promoting public-private partnerships in the healthcare sector. These initiatives are expected to drive growth in the Outpatient Care market in Guatemala.

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.