Outpatient Care - Sri Lanka | Statista Market Forecast

The Outpatient Care market in Sri Lanka is expected to achieve a revenue of US$266.00m in 2024.
It is projected to witness a steady annual growth rate (CAGR 2024-2029) of -6.30%, leading to a market volume of US$192.10m by 2029.
In comparison to other countries worldwide, United States will generate the highest revenue of US$744.80bn in 2024.
The outpatient care market in Sri Lanka is experiencing a significant increase in demand due to a growing aging population.

Definition:
Outpatient Care refers to medical and surgical services that are provided to patients who do not require an overnight stay in a hospital. It covers a wide range of services, including diagnostic tests, procedures, and treatments that are performed on an outpatient basis (e.g., doctor consultations, diagnostic services, and laboratory tests). Hospital outpatient care is designed to provide convenient, efficient, and cost-effective medical care to patients, allowing them to receive medical attention without having to spend the night in a hospital. This reduces the overall cost of healthcare and increases accessibility to medical services.

Additional information:
The Outpatient Care market comprises revenues and average revenue per capita. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Ambulatory care by hospitals
Minor surgical procedures
Clinic visits by patients
Checkups
Emergency department visits

Inpatient care
Day care
Long-term care
Home-based care

The Outpatient Care market in Sri Lanka has been experiencing a steady growth in recent years.

Customer preferences: Customers in Sri Lanka are increasingly seeking affordable and accessible healthcare services. The rising middle class has been a key driver of growth in the outpatient care market. Patients are now more willing to pay for quality healthcare services, such as consultations, diagnostic tests, and minor surgical procedures.

Trends in the market: The outpatient care market in Sri Lanka is experiencing a shift towards digital healthcare services. Telemedicine services are becoming increasingly popular, especially in rural areas where access to healthcare is limited. This trend is expected to continue in the coming years, as more patients seek convenient and cost-effective healthcare solutions.Another trend in the outpatient care market is the growing demand for specialized services. Patients are seeking specialized clinics that cater to specific medical conditions, such as diabetes, cancer, and heart disease. This trend is expected to continue as the population ages and the prevalence of chronic diseases increases.

Local special circumstances: The healthcare system in Sri Lanka is dominated by the public sector, which provides free or subsidized healthcare services to the population. However, the public healthcare system is often overburdened and lacks the resources to provide quality healthcare services. This has created an opportunity for private healthcare providers to fill the gap in the market.

Underlying macroeconomic factors: Sri Lanka's economy has been growing steadily in recent years, which has led to an increase in disposable income and consumer spending. This has contributed to the growth of the outpatient care market, as more patients are willing to pay for quality healthcare services.In conclusion, the outpatient care market in Sri Lanka is experiencing a shift towards digital healthcare services and specialized clinics. The growing middle class and the aging population are expected to continue driving growth in the market. The public healthcare system's limitations have created an opportunity for private healthcare providers to fill the gap in the market. The country's growing economy and rising disposable income have also contributed to the growth of the market.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

In recent years, a clear shift from inpatient to outpatient care has changed the face of healthcare, impacting operations, business models, staffing, and capital. Ambulatory centers carry out increasing numbers of medical procedures following advancements in healthcare technologies, cost management incentives, and consumer-focused services. There is a significant rise in the utilization of non-traditional sites of service such as ambulatory surgery centers, community health centers, primary care clinics, and telehealth. Employment in U.S. Ambulatory health care services has considerably grown over the years. Since 2007, according to the number of ambulatory care establishments in the U.S., nearly a hundred thousand ambulatory care establishments have opened across the country.