Outpatient Care - Iceland | Statista Market Forecast

In Iceland, the Outpatient Care market is expected to witness a significant growth in revenue.
By 2024, the projected revenue is estimated to reach US$202.60m.
This growth is anticipated to continue with an annual growth rate (CAGR 2024-2029) of 11.46%.
As a result, the market volume is projected to reach US$348.50m by 2029.
In comparison to other countries worldwide, United States is expected to generate the highest revenue in the Outpatient Care market.
In 2024, the revenue United States is projected to reach an impressive US$744.80bn.
In Iceland, the trend in outpatient care is a strong emphasis on preventive measures and holistic approaches to healthcare.

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

Iceland, with a population of around 364,000, has a unique healthcare system. The country provides universal healthcare, which is publicly funded through taxes. The Outpatient Care market in Iceland is an essential component of the country's healthcare system, providing primary care services to its citizens.

Customer preferences: Icelanders have a strong preference for outpatient care services due to the convenience and accessibility they offer. Patients can receive treatment without being admitted to a hospital, which is preferred by many. Additionally, the country's aging population has increased the demand for outpatient care services, as older adults require more frequent medical attention.

Trends in the market: The Outpatient Care market in Iceland has experienced significant growth in recent years, primarily due to the increasing demand for primary care services. The market has also seen a rise in private outpatient clinics, which offer specialized services such as physiotherapy, dental care, and mental health services. These private clinics cater to patients who are willing to pay for faster and more personalized care.

Local special circumstances: Iceland's unique healthcare system, which provides universal healthcare, has contributed to the growth of the Outpatient Care market. The government has implemented policies to increase the availability of primary care services, such as expanding the number of healthcare professionals and increasing the number of outpatient clinics. Additionally, the country's small population and geographic isolation have made it challenging to provide healthcare services in rural areas, leading to the establishment of mobile healthcare units.

Underlying macroeconomic factors: Iceland's economy has been growing steadily, with a focus on industries such as tourism, fishing, and renewable energy. This growth has led to an increase in disposable income, which has contributed to the growth of the private outpatient care market. Additionally, Iceland's aging population has put pressure on the healthcare system to provide more primary care services, leading to the expansion of the Outpatient Care market. The government's commitment to providing universal healthcare has also played a significant role in the market's growth.

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.