Hospitals

The projected revenue in the Hospitals market in Portugal is expected to reach US$12.21bn in 2024.
The market is expected to grow at an annual growth rate of 5.51% (CAGR 2024-2029), resulting in a market volume of US$15.96bn by 2029.
When comparing in Portugal to other countries globally, United States is projected to generate the highest revenue in the Hospitals market, reaching US$1.50tn in 2024.
In terms of per capita revenue, in Portugal is expected to generate US$1.19k per person in 2024.
The hospital market in Portugal is experiencing a surge in demand for telemedicine services due to the increasing need for remote healthcare access.

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 sector in Portugal has been developing at a steady pace over the past few years. The Hospitals market in Portugal has been a significant contributor to this growth.

Customer preferences: The Portuguese population has been showing an increasing preference for private healthcare services. This has resulted in a rise in the number of private hospitals in the country. Patients are willing to pay more for better facilities and shorter waiting times. The demand for specialized treatments has also been on the rise, leading to the growth of hospitals that cater to specific medical conditions.

Trends in the market: The Hospitals market in Portugal has been witnessing a trend towards consolidation. Larger hospital chains have been acquiring smaller hospitals, leading to the creation of larger healthcare groups. This trend has been driven by the need to achieve economies of scale and to improve the quality of services offered. Another trend in the market has been the adoption of technology. Hospitals have been investing in digital technologies to improve patient care and to reduce costs. This has led to the development of telemedicine and remote monitoring services, which have become increasingly popular in the wake of the COVID-19 pandemic.

Local special circumstances: Portugal has a rapidly ageing population, which has resulted in an increase in the demand for healthcare services. The government has been investing in the healthcare sector to meet this demand. The country also has a significant tourism industry, which has led to the growth of medical tourism. Many private hospitals in Portugal offer specialized treatments to international patients, which has become an important source of revenue for the sector.

Underlying macroeconomic factors: The Portuguese economy has been recovering from the global financial crisis, which had a significant impact on the healthcare sector. The government has been investing in the sector to improve healthcare infrastructure and to meet the growing demand for services. The country has also been attracting foreign investment, which has led to the growth of private hospitals. The healthcare sector in Portugal is expected to continue growing in the coming years, driven by an ageing population and increasing demand for healthcare services.

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.