Outpatient Care - New Zealand

New Zealand

In New Zealand, the Outpatient Care market is forecasted to achieve a revenue of US$2.08bn by 2024.
It is anticipated that the market will exhibit a compound annual growth rate (CAGR 2024-2029) of 6.20%, leading to a market volume of US$2.81bn by 2029.
When compared globally, in the United States is expected to generate the highest revenue in this market, amounting to US$744.80bn in 2024.
The Outpatient Care market in New Zealand is experiencing a surge in demand due to the country's aging population and increasing focus on preventative healthcare.

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

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Analyst Opinion

The Outpatient Care market in New Zealand has been experiencing steady growth over the years.

Customer preferences: Patients in New Zealand have a strong preference for outpatient care services due to their convenience and cost-effectiveness. Outpatient care allows patients to receive medical attention without having to stay overnight in a hospital, which is often more expensive and time-consuming. Additionally, outpatient care services are often located closer to patients' homes, making them more accessible.

Trends in the market: One of the major trends in the Outpatient Care market in New Zealand is the increasing use of technology. Healthcare providers are increasingly adopting telemedicine and other digital solutions to provide remote consultations and monitoring services. This trend has been accelerated by the COVID-19 pandemic, which has made it necessary for healthcare providers to find new ways to deliver care. Another trend in the market is the increasing focus on preventative care. Healthcare providers are investing in programs and services that help patients manage chronic conditions and prevent the onset of new ones.

Local special circumstances: New Zealand has a unique healthcare system that is funded by the government. This means that patients do not have to pay for most medical services, including outpatient care. However, there are some services that are not covered by the government, such as cosmetic procedures. Additionally, there are some regions in New Zealand that have limited access to healthcare services due to their remote location. Healthcare providers in these regions often have to find innovative ways to deliver care to their patients.

Underlying macroeconomic factors: The Outpatient Care market in New Zealand is influenced by a number of macroeconomic factors, including population growth, aging demographics, and government funding. New Zealand's population is growing, and the country has an aging demographic that is increasing demand for healthcare services. Additionally, the government's funding of healthcare services has a significant impact on the market. Changes in government policies and funding can affect the availability and affordability of outpatient care services.

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.