Hospitals

The Hospitals market in Pakistan is forecasted to achieve a revenue of PKR US$5.72bn by 2024.
This projection indicates an anticipated annual growth rate (CAGR 2024-2029) of 4.32%, resulting in a market volume of PKR US$7.07bn by 2029.
When compared globally, United States is expected to generate the highest revenue of US$1.50tn in 2024.
In terms of per capita revenue, in Pakistan is estimated to generate PKR US$23.34 per person in 2024.
The hospital market in Pakistan is experiencing a surge in demand for specialized healthcare services due to an aging population.

Definition:
Hospitals are licensed facilities that provide a variety of medical and surgical services, some of which are also provided by other facilities. A distinguishing characteristic of hospitals is “inpatient care,” which refers to services where patients are admitted to a hospital to stay overnight for closer monitoring.

This market includes general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to patients, ranging from diagnostics, medical and surgical treatments, nursing and specialized accommodation to other medical services. Depending on the specific legal regulations, the medical services provided by hospitals can vary greatly from country to country. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from this market.

Structure:
The Hospitals market is divided into three categories: Inpatient Care, Outpatient Care, and Other Hospital Services. Inpatient Care comprises all the medical and surgical services that are provided to patients who are admitted to a hospital for an overnight stay. Outpatient Care covers all medical and surgical services that are provided to patients without having to spend the night in a hospital. Other Hospital Services includes hospital services that are provided outside of a basic hospital setting, e.g., day-care, long-term care, and home-based care.

Additional information:
The shown KPIs include revenues, average revenue per capita, number of hospitals, density of hospitals, average revenue per hospital, number of hospital beds, density of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

General hospitals, including community, county, and regional hospitals
Psychiatric hospitals
Specialist hospitals, such as maternity clinics and aesthetics clinics

Long-term care facilities
Ambulatory care providers, such as specialist practices and dental practices
Providers of ancillary medical services
Medical retailers and other providers of medical supplies

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.