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Key regions: United States, China, Germany, Japan, Europe
The healthcare industry in Pakistan has been growing at a steady pace over the years, and the hospitals market is no exception.
Customer preferences: In recent years, there has been a shift towards private healthcare facilities in Pakistan. This is due to the growing middle class, who are willing to pay for better quality healthcare services. Private hospitals are perceived to have better facilities, more qualified doctors and shorter waiting times compared to public hospitals. Additionally, there has been an increasing demand for specialized healthcare services such as cardiology, neurology, and oncology.
Trends in the market: The hospitals market in Pakistan is expected to grow in the coming years due to several factors. Firstly, the government has been investing in the healthcare sector, which has led to an increase in the number of hospitals and healthcare facilities. Secondly, there has been an increase in medical tourism in Pakistan, with patients from neighboring countries seeking medical treatment in Pakistan due to the lower costs and high-quality healthcare services. Thirdly, the COVID-19 pandemic has highlighted the importance of having well-equipped hospitals and healthcare facilities, which has led to an increase in investments in the healthcare sector.
Local special circumstances: One of the challenges facing the hospitals market in Pakistan is the lack of regulations and standards. This has led to a proliferation of sub-standard healthcare facilities, which has compromised the quality of healthcare services in the country. Additionally, there is a shortage of qualified doctors, nurses, and other healthcare professionals, which has led to an increase in the workload for existing healthcare professionals.
Underlying macroeconomic factors: Pakistan's population is expected to continue growing, which will increase the demand for healthcare services. Additionally, the growing middle class in Pakistan is willing to pay for better quality healthcare services, which will drive the growth of private healthcare facilities. The government's investment in the healthcare sector is also expected to continue, which will lead to the growth of the hospitals market in Pakistan. However, the lack of regulations and standards, as well as the shortage of qualified healthcare professionals, may hinder the growth of the hospitals market in Pakistan.
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 forecasting 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)