Outpatient Care - LATAM

  • LATAM
  • In LATAM, the Outpatient Care market is expected to experience significant growth in the coming years.
  • According to projections, the revenue in this market is set to reach US$43.74bn in 2024.
  • Furthermore, it is anticipated that there will be a steady annual growth rate of 4.46% from 2024 to 2028.
  • This growth will lead to a market volume of US$52.08bn by 2028.
  • When compared globally, it is worth noting that United States will generate the highest revenue in the Outpatient Care market.
  • In 2024 alone, United States is projected to generate a staggering US$744.80bn in revenue.
  • This highlights the dominant position of the United States in this sector.
  • In LATAM, the demand for telemedicine services in outpatient care is rapidly increasing due to the vast geographical distances and limited access to healthcare facilities.

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

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

Outpatient Care is one of the most essential services within the Hospitals market because patients are able to get consultations and/or treatments that can only be provided by hospitals. Driven by the need for more convenient and cost-effective medical services, a continued shift towards outpatient care is estimated in the future.

Furthermore, the growth of telemedicine, such as remote diagnosis, the treatment of patients, and online consultations, is expected to drive the growth of the Outpatient Care market. This technology allows patients to receive medical care remotely, reducing the need for in-person visits and increasing accessibility to medical services, thus making the visit to the doctor more convenient. With the availability of online consultations, patients who may have been deterred by the high complexity of hospital visits can now quickly and easily schedule an online consultation with a doctor. This can result in increased revenue numbers for hospitals as the patient is more likely to follow through with the appointment. Moreover, if the doctor recommends that the patient visit the hospital for further assessment or treatment, it can result in additional revenue for the hospital.

Another key benefit of telemedicine is that, with the aid of technical devices and online consultations, it allows patients to receive post-surgical care from the comfort of their own homes. This has been particularly advantageous for patients who have undergone moderately severe operations that traditionally required an inpatient stay. Hence, it fosters the ongoing trend for shifting from inpatient to outpatient care.

In the forecast period, the Outpatient Care market is expected to exhibit high growth numbers, with a CAGR of around 4%. Hospitals are expected to put a stronger focus on preventive care, which is projected to drive the growth of the market. This may include investments in wellness programs, disease management, and patient education, which can help prevent chronic conditions and improve patient conditions.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)