Outpatient Care - Indonesia

Indonesia

The Outpatient Care market in Indonesia is projected to witness a significant increase in revenue, with estimates suggesting that it will reach US$5.59bn by the year 2024.
Furthermore, it is expected to exhibit a steady annual growth rate (CAGR 2024-2029) of 8.64%, ultimately resulting in a market volume of US$8.46bn by 2029.
When compared globally, it is worth noting that United States is anticipated to generate the highest revenue, amounting to US$744.80bn in 2024.
In Indonesia, the trend in the outpatient care market is a growing demand for telemedicine services due to increased access to smartphones and internet connectivity.

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

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Analyst Opinion

The healthcare industry in Indonesia has been growing rapidly in recent years, with the outpatient care market being a significant contributor to this growth.

Customer preferences: Indonesian customers have shown a preference for outpatient care due to its convenience and cost-effectiveness. Patients can receive medical treatment without having to stay in the hospital, which saves them time and money. Additionally, outpatient care centers are often located closer to residential areas, making them more accessible to patients.

Trends in the market: The outpatient care market in Indonesia has been experiencing significant growth, with an increasing number of private healthcare providers entering the market. This has led to increased competition and improved quality of care, as providers strive to differentiate themselves from their competitors. Additionally, there has been a trend towards specialized outpatient care centers, such as those that focus on specific medical specialties like cardiology or orthopedics.

Local special circumstances: Indonesia's healthcare system is heavily reliant on private healthcare providers, as the government's healthcare budget is limited. As a result, there is a significant demand for private healthcare services, including outpatient care. Additionally, Indonesia has a large population, which means that there is a large potential market for healthcare services.

Underlying macroeconomic factors: Indonesia's economy has been growing steadily in recent years, which has led to an increase in disposable income and a growing middle class. This has resulted in an increased demand for healthcare services, including outpatient care. Additionally, Indonesia's aging population has led to an increased need for healthcare services, as older individuals tend to require more medical attention.

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.