Outpatient Care - Seychelles

Seychelles

The Outpatient Care market in Seychelles is expected to experience significant growth in the coming years.
By 2024, the projected revenue for this market is estimated to reach US$11.97m.
This indicates a positive trend and highlights the potential for expansion in the country's healthcare sector.
Furthermore, it is anticipated that the market will continue to thrive with an impressive compound annual growth rate (CAGR) of 6.76% from 2024 to 2029.
This steady growth trajectory is expected to contribute to a market volume of US$16.60m by 2029.
However, in a global context, it is important to note that United States is projected to generate the highest revenue in the Outpatient Care market.
In 2024, United States is expected to generate a staggering US$744.80bn in revenue, underscoring its dominance in this sector.
This comparison highlights the vast difference in market size between in the Seychelles and United States, reflecting the varying levels of development and healthcare spending between the two countries.
Seychelles is seeing a rise in private outpatient clinics, catering to the growing demand for specialized medical services.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Seychelles, a group of 115 islands in the Indian Ocean, has a small but developing Outpatient Care market.

Customer preferences: In Seychelles, there is a growing demand for Outpatient Care due to the increasing prevalence of non-communicable diseases such as diabetes and hypertension. Patients prefer to receive care in an outpatient setting as it allows them to receive treatment without being admitted to a hospital, which can be costly and time-consuming.

Trends in the market: The Outpatient Care market in Seychelles is expected to grow as the government invests in improving healthcare infrastructure and increasing access to healthcare services. Private healthcare providers are also entering the market, offering more specialized services such as dental care and physiotherapy.

Local special circumstances: Seychelles has a small population of approximately 98,000 people, which limits the size of the Outpatient Care market. However, the country's growing tourism industry has led to an increase in medical tourism, with visitors seeking Outpatient Care services such as vaccinations and travel health advice.

Underlying macroeconomic factors: Seychelles has a developing economy with a GDP per capita of around $16,000. The government has prioritized healthcare spending, with healthcare accounting for around 10% of total government expenditure. However, the country is heavily reliant on imports, which can drive up the cost of healthcare services and limit access for low-income patients.Overall, the Outpatient Care market in Seychelles is expected to continue to grow as the government and private healthcare providers invest in improving healthcare infrastructure and increasing access to healthcare services. However, the small population and reliance on imports may limit the size and accessibility of the market.

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.