Outpatient Care - Nepal

Nepal

The Outpatient Care market in Nepal is anticipated to witness a significant increase in revenue, projected to reach US$147.60m in 2024.
Furthermore, this market is expected to experience a steady annual growth rate (CAGR 2024-2029) of 9.46%, ultimately leading to a market volume of US$231.90m by 2029.
In terms of global comparison, United States is expected to generate the highest revenue, amounting to US$744.80bn in 2024.
In Nepal, the trend in the outpatient care market is a shift towards telemedicine services to improve access to healthcare in remote areas.

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

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Analyst Opinion

The healthcare industry in Nepal has been growing rapidly in recent years, with the Outpatient Care market being a significant contributor to this growth.

Customer preferences: The population in Nepal is increasingly seeking medical care from outpatient facilities due to the convenience and lower costs compared to inpatient care. Patients prefer outpatient care as it allows them to receive medical attention without the need for hospitalization, which can be time-consuming and expensive.

Trends in the market: The Outpatient Care market in Nepal has been experiencing significant growth due to the increasing demand for healthcare services. The market is expected to continue to grow as the government and private sector invest in healthcare infrastructure and technology. There has also been a rise in medical tourism in Nepal, with patients from neighboring countries seeking outpatient care in the country.

Local special circumstances: Nepal has a predominantly rural population, which poses unique challenges in providing healthcare services. However, the government has been working to address this by investing in telemedicine and mobile health initiatives. Additionally, there is a shortage of healthcare professionals in the country, which has led to the rise of medical tourism as foreign doctors and nurses are brought in to fill the gap.

Underlying macroeconomic factors: Nepal's economy has been growing steadily, with increasing foreign investment and government spending on infrastructure. This has led to improvements in healthcare infrastructure and technology, which has contributed to the growth of the Outpatient Care market. Additionally, Nepal has a young and growing population, which has increased the demand for healthcare services. However, the country still faces challenges such as poverty and political instability, which can impact the growth of the healthcare industry.

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.