Outpatient Care - Uruguay

Uruguay

In Uruguay, the Outpatient Care market is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$0.49bn in 2024.
Furthermore, it is estimated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 6.77%, leading to a market volume of US$0.68bn by 2029.
When compared globally, it is noteworthy that in the United States is anticipated to generate the highest revenue in the Outpatient Care market, with an estimated value of US$744.80bn in 2024.
Uruguay's Outpatient Care market is experiencing a surge in demand for telemedicine services due to its efficient healthcare system and widespread access to technology.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Uruguay, a small country in South America, has been experiencing a growing demand for outpatient care services in recent years.

Customer preferences: Uruguayan consumers have been increasingly seeking outpatient care services due to the convenience they offer. Outpatient care services allow patients to receive medical treatment without being admitted to a hospital, which can be time-consuming and costly. Additionally, many patients prefer outpatient care services because they can continue their daily activities while receiving treatment.

Trends in the market: The outpatient care market in Uruguay has been growing steadily, driven by the increasing demand for healthcare services. The market has seen a rise in the number of private clinics and medical centers offering outpatient care services. Furthermore, the use of telemedicine has also been on the rise, allowing patients to receive medical consultations remotely.

Local special circumstances: Uruguay has a well-established public healthcare system, which provides free healthcare services to all citizens. However, the public healthcare system is often overcrowded and has long waiting times. As a result, many patients turn to private healthcare providers for faster and more personalized medical treatment.

Underlying macroeconomic factors: Uruguay has a relatively high GDP per capita compared to other countries in the region, which has led to an increase in healthcare spending. Additionally, the country has an aging population, which has also contributed to the growing demand for healthcare services. The government has been investing in healthcare infrastructure and technology to meet the growing demand for healthcare services.

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.