Outpatient Care - Honduras

Honduras

In Honduras, the revenue in the Outpatient Care market is estimated to reach US$154.70m in 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 8.82%, leading to a market volume of US$236.10m by 2029.
When compared globally, in the United States is projected to generate the highest revenue in this market segment, amounting to US$744.80bn in 2024.
The demand for outpatient care services in Honduras is increasing due to a growing elderly population and improved healthcare infrastructure.

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

Market

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Analyst Opinion

The Outpatient Care market in Honduras is experiencing a steady growth in recent years.

Customer preferences: Honduran customers prefer outpatient care services due to their convenience and affordability. Outpatient care allows patients to receive medical attention without being admitted to the hospital, which is a more cost-effective option for those who cannot afford hospitalization. Moreover, patients can receive treatment and return home on the same day, which is particularly beneficial for those who live in remote areas.

Trends in the market: The Outpatient Care market in Honduras is witnessing a trend towards the adoption of telemedicine. Telemedicine enables healthcare providers to deliver medical services remotely, which is especially useful for patients who live in rural areas. The use of telemedicine has increased due to the COVID-19 pandemic, as it allows patients to receive medical attention without risking exposure to the virus in hospitals.Another trend in the market is the growing demand for specialized outpatient care services. Patients are increasingly seeking specialized care for chronic diseases such as diabetes, hypertension, and cancer. As a result, healthcare providers are expanding their services to cater to these patients' needs.

Local special circumstances: Honduras faces several challenges in providing healthcare services to its citizens. The country has a high poverty rate, which limits access to healthcare for many Hondurans. Moreover, the country has a shortage of healthcare professionals, which further limits access to medical services.

Underlying macroeconomic factors: Honduras's economy is heavily dependent on agriculture, which contributes to more than 25% of the country's GDP. The country has a high unemployment rate, which limits access to healthcare for many Hondurans. Furthermore, the country has a weak healthcare infrastructure, which limits the provision of medical services to the population. The government has implemented several reforms to improve the healthcare system, including the expansion of outpatient care services. However, more needs to be done to ensure that all Hondurans have access to quality healthcare services.

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.