Outpatient Care - Zambia

Zambia

The Outpatient Care market in Zambia is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is projected to reach US$188.20m by 2024.
Moreover, it is anticipated that the market will continue to grow at an annual growth rate of 7.84%, resulting in a market volume of US$274.50m by 2029.
When compared globally, it is worth noting that United States is expected to generate the highest revenue in the Outpatient Care market.
In 2024, the revenue United States is estimated to be US$744.80bn.
This showcases the dominance of the United States in this market.
The outpatient care market in Zambia is experiencing a surge in demand for telemedicine services due to limited access to healthcare facilities in remote areas.

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

Market

Region

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Currency

Analyst Opinion

The Outpatient Care market in Zambia has been developing rapidly in recent years, driven by various factors such as increasing demand for healthcare services, rising healthcare spending, and the growing prevalence of chronic diseases.

Customer preferences: Zambian consumers are increasingly seeking convenient and affordable healthcare services, which has led to a surge in demand for outpatient care. Patients are also looking for healthcare providers who offer high-quality services and have a good reputation.

Trends in the market: One of the key trends in the Outpatient Care market in Zambia is the growing adoption of telemedicine services. This has been driven by the need to improve access to healthcare services, particularly in rural areas where there is a shortage of healthcare professionals. Another trend is the increasing use of technology in healthcare services, such as the use of electronic health records and mobile health apps.

Local special circumstances: Zambia has a relatively underdeveloped healthcare system, which has created opportunities for private healthcare providers to enter the market. However, the government is also investing in improving healthcare infrastructure and expanding access to healthcare services, which is expected to create more competition in the market.

Underlying macroeconomic factors: Zambia has experienced steady economic growth in recent years, which has led to an increase in healthcare spending. The government has also made healthcare a priority, with the aim of achieving universal health coverage by 2030. However, the country still faces challenges such as a shortage of healthcare professionals and inadequate healthcare infrastructure, which could hinder the growth of the Outpatient Care market in the long term.

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.