Outpatient Care - Taiwan

Taiwan

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.

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

Market

Region

Region comparison

Currency

Analyst Opinion

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.

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.