Outpatient Care - Mongolia

  • Mongolia
  • The Outpatient Care market in Mongolia is projected to reach a revenue of US$77.51m by 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 3.37%, resulting in a market volume of US$91.47m by 2029.
  • In global comparison, in the United States is expected to generate the most revenue with a projected amount of US$744.80bn in 2024.
  • In Mongolia, the outpatient care market is experiencing a surge in demand due to the growing awareness and accessibility of primary healthcare services in rural areas.

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

 
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Analyst Opinion

The Outpatient Care market in Mongolia has been experiencing significant growth in recent years.

Customer preferences:
One of the main drivers of this growth is the increasing demand for healthcare services in the country. As Mongolia's population continues to grow, so does the need for healthcare services, particularly in outpatient care. Additionally, with the rising incidence of chronic diseases, such as diabetes and cardiovascular disease, there is a growing need for ongoing outpatient care services.

Trends in the market:
One of the key trends in the outpatient care market in Mongolia is the increasing use of technology to deliver healthcare services. This includes the use of telemedicine and other digital health solutions to provide remote consultations and monitoring. This trend is being driven by the country's large rural population, which has limited access to healthcare services. By leveraging technology, healthcare providers can reach more patients and provide more efficient and effective care.Another trend in the market is the increasing focus on preventative care. As the incidence of chronic diseases continues to rise, healthcare providers are placing greater emphasis on preventative measures, such as regular check-ups and health screenings. This is seen as a way to identify and treat health issues before they become more serious and require more costly interventions.

Local special circumstances:
One of the unique challenges facing the outpatient care market in Mongolia is the country's vast geography and dispersed population. With much of the population living in rural areas, there are significant logistical challenges in delivering healthcare services. This has led to the development of innovative solutions, such as mobile clinics and telemedicine, to reach patients in remote areas.

Underlying macroeconomic factors:
The growth of the outpatient care market in Mongolia is also being driven by broader macroeconomic factors. The country's economy has been growing rapidly in recent years, driven by its rich natural resources. This has led to increased investment in healthcare infrastructure and services, including outpatient care. Additionally, the government has made healthcare a priority, with a focus on improving access to services and increasing the quality of care. These factors are expected to continue to support the growth of the outpatient care market in Mongolia in the coming years.

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
  • Key Market Indicators
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