Outpatient Care - Lithuania

Lithuania

The Outpatient Care market in Lithuania is projected to reach US$207.60m in revenue by 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 8.76%, resulting in a market volume of US$315.90m by 2029.
In global comparison, in the United States is expected to generate the most revenue in the Outpatient Care market, with US$744.80bn in 2024.
In Lithuania, the demand for outpatient care is increasing due to the aging population and the need for more accessible healthcare services.

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

Market

Region

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Currency

Analyst Opinion

The Outpatient Care market in Lithuania has seen significant growth in recent years.

Customer preferences: Lithuania's aging population has contributed to the growth in the Outpatient Care market. The elderly population requires more medical attention and often prefers to receive care outside of a hospital setting. Additionally, there has been a growing trend towards preventative healthcare, with more people seeking regular check-ups and consultations with healthcare professionals.

Trends in the market: One trend in the Outpatient Care market in Lithuania is the increasing use of telemedicine. This allows patients to consult with healthcare professionals remotely, reducing the need for in-person visits. Another trend is the expansion of private healthcare providers, which offer a wider range of services and shorter waiting times compared to public healthcare providers.

Local special circumstances: Lithuania has a relatively low number of hospital beds per capita compared to other European countries. This has led to a greater emphasis on outpatient care, as patients are often discharged from hospitals earlier and require ongoing care outside of a hospital setting. Additionally, the country's healthcare system has undergone significant reforms in recent years, with a greater emphasis on primary care and outpatient services.

Underlying macroeconomic factors: Lithuania's economy has been growing steadily in recent years, which has led to increased government spending on healthcare. Additionally, the country's membership in the European Union has led to greater investment in healthcare infrastructure and services. However, there are concerns about the sustainability of the country's healthcare system, as the population continues to age and demand for healthcare services increases.

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.