Outpatient Care - Puerto Rico

Puerto Rico

In 2024, the Outpatient Care market in Puerto Rico is projected to reach a revenue of US$0.46bn.
This represents a significant growth opportunity for the country's healthcare sector.
Moreover, it is expected that the revenue will continue to grow at an annual rate of 5.10%, resulting in a market volume of US$0.59bn by 2029.
When compared globally, it is worth noting that United States will generate the highest revenue in the Outpatient Care market, reaching a staggering US$744.80bn in 2024.
This highlights the dominant position of the US in this market.
The demand for outpatient care services in Puerto Rico has been steadily increasing due to the growing elderly population.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Outpatient Care market in Puerto Rico is experiencing growth and development in recent years.

Customer preferences: Customers in Puerto Rico are increasingly seeking healthcare services that are convenient, accessible, and affordable. Outpatient care facilities offer these benefits to patients, allowing them to receive medical attention without the need for hospitalization. Patients prefer outpatient care as it is less expensive than inpatient care, and they can receive treatment without disrupting their daily lives.

Trends in the market: The Outpatient Care market in Puerto Rico is expanding due to the demand for more accessible healthcare services. There has been a rise in the number of outpatient care centers, such as clinics, urgent care centers, and ambulatory surgery centers. The growth in outpatient care facilities is due to the increasing need for healthcare services, the aging population, and the rising prevalence of chronic diseases.

Local special circumstances: Puerto Rico is a US territory, and its healthcare system is heavily influenced by the US healthcare system. However, Puerto Rico faces unique challenges due to its geographic location, limited resources, and a high poverty rate. The healthcare system in Puerto Rico is still recovering from the damage caused by Hurricane Maria in 2017, which has affected the availability and accessibility of healthcare services.

Underlying macroeconomic factors: The Outpatient Care market in Puerto Rico is influenced by various macroeconomic factors, such as healthcare policies, reimbursement rates, and healthcare spending. The Affordable Care Act has had a significant impact on the healthcare system in Puerto Rico, increasing access to healthcare services and reducing the number of uninsured individuals. The reimbursement rates for outpatient care services in Puerto Rico are lower than in the mainland US, which has led to a shortage of healthcare providers. The government of Puerto Rico has been working to increase healthcare spending to improve the quality and accessibility of healthcare services.In conclusion, the Outpatient Care market in Puerto Rico is growing due to the increasing demand for accessible and affordable healthcare services. The rise in outpatient care facilities is a response to the changing customer preferences and the need for more healthcare services. However, Puerto Rico faces unique challenges due to its geographic location, limited resources, and a high poverty rate, which affects the availability and accessibility of healthcare services. The government of Puerto Rico has been working to address these challenges and improve the quality and accessibility of healthcare 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.