Outpatient Care - North Macedonia

  • North Macedonia
  • The Outpatient Care market in North Macedonia is expected to witness a significant surge in revenue, reaching US$95.38m in 2024.
  • Furthermore, it is projected to maintain a steady growth rate, with a compound annual growth rate (CAGR) of 10.58% from 2024 to 2029.
  • This growth trajectory is anticipated to drive the market volume to US$157.70m by 2029.
  • In terms of global comparison, United States is anticipated to generate the highest revenue in the Outpatient Care market sector, with a staggering US$744.80bn in 2024.
  • North Macedonia's outpatient care market is experiencing a surge in telemedicine adoption due to the country's scattered rural population and limited access to healthcare facilities.

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

 
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Analyst Opinion

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

Customer preferences:
Customers in North Macedonia are increasingly seeking outpatient care services due to the convenience and affordability they offer. Outpatient care allows patients to receive medical treatment without being admitted to a hospital, which often involves higher costs and longer waiting times. Additionally, outpatient care services are often more accessible to patients, particularly those living in rural areas.

Trends in the market:
One of the key trends in the Outpatient Care market in North Macedonia is the increasing number of private healthcare providers entering the market. These providers are offering a range of outpatient services, from basic consultations to more specialized treatments. This is driving competition in the market, which is resulting in improved quality of care and lower prices for patients.Another trend in the market is the growing use of telemedicine. This involves the use of technology to provide medical consultations and other healthcare services remotely. Telemedicine is becoming increasingly popular in North Macedonia, particularly among patients who live in remote areas and have limited access to healthcare services.

Local special circumstances:
North Macedonia is a small country with a relatively low population density. This presents challenges for healthcare providers, particularly in rural areas where there may be limited healthcare infrastructure and a shortage of medical professionals. As a result, many patients in these areas rely on outpatient care services to receive medical treatment.

Underlying macroeconomic factors:
The Outpatient Care market in North Macedonia is being driven by a number of macroeconomic factors, including rising healthcare expenditure and an aging population. As the population ages, the demand for healthcare services is increasing, particularly for chronic conditions such as diabetes and heart disease. This is driving growth in the Outpatient Care market as patients seek more affordable and convenient ways to manage their conditions.Overall, the Outpatient Care market in North Macedonia is expected to continue growing in the coming years, driven by increasing demand for affordable and accessible healthcare services. The market is likely to become more competitive as more private healthcare providers enter the market and technology continues to play a larger role in healthcare delivery.

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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