Outpatient Care - Iraq

Iraq

In Iraq, the Outpatient Care market is anticipated to witness a significant growth in revenue, with projections suggesting a staggering amount of US$1.69bn by the year 2024.
Furthermore, it is expected to maintain a steady annual growth rate of 5.22% between 2024 and 2029, culminating in a market volume of US$2.18bn by the end of 2029.
When compared to other countries worldwide, it is worth noting that in the United States will dominate the market, generating a substantial revenue of US$744.80bn in 2024.
The Outpatient Care market in Iraq is experiencing a surge in demand due to the increasing need for accessible healthcare services in the country's urban centers.

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

Market

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Analyst Opinion

The Outpatient Care market in Iraq has been steadily growing in recent years, driven by a number of factors.

Customer preferences: One of the main reasons for the growth of the Outpatient Care market in Iraq is the increasing demand for healthcare services among the population. As the country's population continues to grow and age, there is a greater need for medical care, particularly for chronic conditions such as diabetes and heart disease. Additionally, many Iraqis are seeking out more specialized medical care, including outpatient procedures and diagnostic tests.

Trends in the market: One of the key trends in the Outpatient Care market in Iraq is the increasing use of technology to deliver healthcare services. This includes the use of telemedicine and remote monitoring technologies, which allow patients to receive medical care from the comfort of their own homes. Additionally, there has been a growing trend towards more personalized healthcare services, with many patients seeking out providers who can offer tailored treatment plans and individualized care.

Local special circumstances: The Outpatient Care market in Iraq is also shaped by a number of local special circumstances. One of these is the ongoing conflict in the country, which has led to a significant displacement of people and an increased need for medical care among refugees and internally displaced persons. Additionally, Iraq's healthcare system has been heavily impacted by years of sanctions and conflict, and many patients are seeking out private healthcare providers as a result.

Underlying macroeconomic factors: Underlying macroeconomic factors are also playing a role in the growth of the Outpatient Care market in Iraq. The country's economy has been gradually recovering in recent years, with GDP growth averaging around 4% annually. This has led to an increase in disposable income among the population, allowing more people to access healthcare services. Additionally, the Iraqi government has been investing heavily in the healthcare sector, with a particular focus on improving the quality of outpatient care services. This has helped to drive growth in the market, as more patients are able to access high-quality medical care.

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.