Outpatient Care - Turkmenistan

Turkmenistan

Turkmenistan is projected to witness a significant growth in revenue within the Outpatient Care market.
By 2024, revenue is estimated to reach US$0.35bn.
This growth is expected to continue with an annual growth rate of 11.38%, resulting in a market volume of US$0.60bn by 2029.
It is worth noting that in global comparison, United States is expected to generate the highest revenue within this market, with an estimated revenue of US$744.80bn in 2024.
"Turkmenistan's outpatient care market is rapidly expanding, driven by the government's focus on improving healthcare infrastructure and access for its citizens."

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

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Analyst Opinion

The Outpatient Care market in Turkmenistan has been experiencing significant developments in recent years.

Customer preferences: Turkmenistan's population has a growing demand for outpatient care due to the increasing prevalence of chronic diseases and the aging population. Patients prefer outpatient care due to its convenience and lower costs compared to inpatient care. Furthermore, the government has been promoting outpatient care to reduce the burden on hospitals and improve the efficiency of the healthcare system.

Trends in the market: The Outpatient Care market in Turkmenistan has been growing due to the increasing number of outpatient clinics and medical centers. The government has been investing in the healthcare sector, building new healthcare facilities and upgrading existing ones. Additionally, the private sector has been investing in outpatient care, providing patients with more options and increasing competition in the market. The market has also been adopting new technologies and medical devices to improve the quality of care and increase efficiency.

Local special circumstances: Turkmenistan's healthcare system is heavily influenced by the government, which provides free healthcare to its citizens. However, the quality of care is often lower than in other countries due to a lack of resources and outdated medical equipment. Additionally, there is a shortage of healthcare professionals, which can lead to longer wait times and lower quality of care.

Underlying macroeconomic factors: Turkmenistan's economy heavily relies on its natural resources, particularly gas and oil. The government has been investing in the healthcare sector using revenues from these resources. However, the country's economy has been facing challenges due to declining gas prices and the COVID-19 pandemic. These factors may impact the government's ability to invest in the healthcare sector in the future.

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.