Outpatient Care - Ireland

Ireland

In Ireland, the Outpatient Care market is anticipated to witness substantial growth in the coming years.
Based on projections, the revenue in this market is expected to reach US$2.26bn by 2024.
Furthermore, it is estimated that the market will experience a steady annual growth rate of 4.23% between 2024 and 2029, resulting in a market volume of US$2.78bn by 2029.
When compared to other countries globally, in the United States is expected to generate the highest revenue in the Outpatient Care market.
It is projected to reach a staggering US$744.80bn in 2024.
This highlights the significant scale of the Outpatient Care market in the United States.
The trend in Ireland's outpatient care market is a shift towards more personalized and patient-centered healthcare services.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Outpatient Care market in Ireland has been steadily growing over the past few years, with an increasing number of patients opting for outpatient care services instead of inpatient care.

Customer preferences: One major reason for this shift in preference is the convenience that outpatient care offers. Patients can receive treatment without having to stay overnight in a hospital, which can be more comfortable and less disruptive to their daily lives. Additionally, outpatient care is often less expensive than inpatient care, which is appealing to patients who are looking to save money on healthcare costs.

Trends in the market: Another trend in the Outpatient Care market in Ireland is the increasing use of technology. Telemedicine and remote monitoring are becoming more common, allowing patients to receive care from the comfort of their own homes. This is particularly important in rural areas where access to healthcare facilities may be limited. Additionally, there is a growing trend towards personalized medicine, with healthcare providers tailoring treatments to individual patients based on their specific needs and medical history.

Local special circumstances: Ireland has a unique healthcare system, with a combination of public and private providers. While the public system provides free healthcare to all residents, many people opt for private healthcare due to long waiting times and limited access to certain treatments in the public system. This has led to a thriving private healthcare sector, which includes many outpatient care providers.

Underlying macroeconomic factors: The Outpatient Care market in Ireland is also influenced by macroeconomic factors such as population growth and aging. As the population continues to grow and age, there will be an increasing demand for healthcare services, including outpatient care. Additionally, changes in government healthcare policies and funding can impact the market, with providers needing to adapt to new regulations and reimbursement rates. Overall, the Outpatient Care market in Ireland is expected to continue growing in the coming years, driven by customer preferences for convenience and cost-effective healthcare, as well as the increasing use of technology and personalized medicine. The unique healthcare system and macroeconomic factors in Ireland will also play a role in shaping the market.

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.