Outpatient Care - South America

South America

In 2024, the Outpatient Care market in South America is projected to reach a revenue of US$30.93bn.
Looking ahead, it is expected to experience an annual growth rate (CAGR 2024-2029) of 6.93%, leading to a market volume of US$43.23bn by 2029.
When compared globally, it is worth noting that in the United States is expected to generate the highest revenue in the Outpatient Care market, with an estimated US$744.80bn in 2024.
In South America, the outpatient care market is experiencing a surge in telemedicine services, providing convenient and accessible healthcare to remote areas.

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

Market

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Region comparison

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Analyst Opinion

The Outpatient Care market in South America has been steadily developing in recent years, with various factors contributing to its growth.

Customer preferences: Customers in South America are increasingly seeking out outpatient care services due to their convenience and cost-effectiveness. Outpatient care allows patients to receive medical treatment without having to stay overnight in a hospital, which is often more expensive and time-consuming. Additionally, outpatient care services are often more accessible to patients who live in rural or remote areas, as they do not have to travel long distances to receive medical treatment.

Trends in the market: One of the major trends in the Outpatient Care market in South America is the increasing use of telemedicine. Telemedicine allows patients to receive medical treatment remotely, which is particularly useful for patients who live in remote areas or have mobility issues. Additionally, telemedicine can be used to provide follow-up care for patients who have already received treatment in person. Another trend in the market is the increasing popularity of walk-in clinics, which provide medical treatment without requiring an appointment. Walk-in clinics are often located in convenient locations such as shopping malls, making them easily accessible to customers.

Local special circumstances: In Brazil, the Outpatient Care market is particularly strong due to the country's large population and growing middle class. The Brazilian government has also invested heavily in healthcare infrastructure in recent years, which has helped to drive growth in the Outpatient Care market. In Argentina, the Outpatient Care market is growing due to the country's aging population and increasing prevalence of chronic diseases. In Chile, the Outpatient Care market is driven by the country's high demand for healthcare services and growing private healthcare sector.

Underlying macroeconomic factors: The growth of the Outpatient Care market in South America is also influenced by underlying macroeconomic factors such as GDP growth and healthcare spending. As South American economies continue to grow, more people are able to afford healthcare services, which has helped to drive growth in the Outpatient Care market. Additionally, as healthcare spending increases, more resources are being allocated to outpatient care services, which has also contributed to the market's growth.Overall, the Outpatient Care market in South America is poised for continued growth in the coming years, driven by factors such as customer preferences, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, it will be interesting to see how new technologies and healthcare models impact the way that outpatient care services are delivered and consumed.

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.