Outpatient Care - Western Africa

Western Africa

The Outpatient Care market in Western Africa is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$2.66bn in 2024.
This indicates a positive trend and highlights the potential for expansion in the region.
Furthermore, the market is anticipated to exhibit a compound annual growth rate (CAGR) of 10.54% from 2024 to 2029.
This steady growth is predicted to result in a market volume of US$4.39bn by 2029.
In terms of global comparison, it is worth noting that in the United States is expected to generate the highest revenue in the Outpatient Care market.
Projections indicate that the revenue in the United States will reach a staggering US$744.80bn in 2024.
These numbers emphasize the vast potential and importance of the Outpatient Care market, both globally and in Western Africa.
In Western Africa, the market for outpatient care is experiencing a growing demand for telemedicine services due to limited access to healthcare facilities in remote areas.

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

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Analyst Opinion

The Outpatient Care market in Western Africa has shown significant growth in recent years.

Customer preferences: Customers in Western Africa have shown a preference for outpatient care due to its convenience and affordability. Outpatient care allows patients to receive medical attention without staying overnight in a hospital, which is often more expensive and time-consuming.

Trends in the market: The trend towards outpatient care in Western Africa has been driven by several factors. Firstly, the region has experienced an increase in non-communicable diseases such as diabetes, hypertension, and cancer, which require ongoing medical attention. Secondly, the rise of health insurance schemes has made healthcare more accessible and affordable to the general population. Finally, the COVID-19 pandemic has accelerated the adoption of telemedicine, enabling patients to receive medical consultations remotely.

Local special circumstances: The healthcare infrastructure in Western Africa is often underdeveloped, with a shortage of trained medical personnel and inadequate facilities. This has led to a reliance on outpatient care as a means of providing basic medical services to the population. Additionally, cultural beliefs and practices can influence healthcare-seeking behavior, with some communities preferring traditional healers or spiritual remedies over Western medicine.

Underlying macroeconomic factors: The economic growth in Western Africa has been a key driver of the outpatient care market. The region has experienced steady economic growth in recent years, which has led to an increase in disposable income and a growing middle class. This has in turn increased demand for healthcare services, including outpatient care. Additionally, the region has a youthful population, with a high proportion of people under the age of 30. This demographic trend is expected to drive demand for healthcare services in the coming years.

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.