Outpatient Care - Taiwan | Statista Market Forecast

In Taiwan, the Outpatient Care market is estimated to achieve a revenue of US$4.14bn in 2024.
An annual growth rate of 6.11% is anticipated from 2024 to 2029, leading to a projected market volume of US$5.57bn by 2029.
Comparatively, United States is expected to generate the highest revenue of US$744.80bn in 2024.
Taiwan's outpatient care market is experiencing a surge in demand due to the country's aging population and increasing emphasis on preventive healthcare.

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 Taiwan has been experiencing significant growth in recent years.

Customer preferences: Taiwan's aging population has been a major driver of growth in the Outpatient Care market. As the population ages, there is an increasing need for healthcare services, including outpatient care. In addition, consumers are increasingly seeking more convenient and accessible healthcare options, which has led to the growth of outpatient care centers.

Trends in the market: One major trend in the Outpatient Care market in Taiwan is the increasing use of technology. Many outpatient care centers now offer telemedicine services, which allow patients to consult with doctors remotely. This has made healthcare more accessible to people who live in remote areas or who have mobility issues. Another trend is the increasing specialization of outpatient care centers. Many centers now focus on specific areas of healthcare, such as dermatology or ophthalmology, in order to provide more targeted and effective care.

Local special circumstances: Taiwan has a well-developed healthcare system, which has helped to support the growth of the Outpatient Care market. In addition, the government has implemented policies to encourage the development of outpatient care centers, such as providing subsidies for the purchase of medical equipment. This has helped to create a favorable environment for the growth of the market.

Underlying macroeconomic factors: Taiwan's strong economy has also contributed to the growth of the Outpatient Care market. As people become more affluent, they are more willing to spend money on healthcare services. In addition, Taiwan's high population density has made it easier for outpatient care centers to reach a large number of potential customers. Finally, the government's focus on healthcare has helped to create a supportive environment for 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.