Hospitals

Senegal's Hospitals market is expected to see a significant increase in revenue, with projections indicating that it will reach US$584.40m in 2024.
This growth is expected to continue at an annual growth rate of 5.28% (CAGR 2024-2029), resulting in a market volume of US$755.90m by 2029.
When compared to other countries globally, it is worth noting that United States is anticipated to generate the highest revenue in the Hospitals market, reaching a staggering US$1.50tn in 2024.
In terms of per capita revenue, in Senegal is projected to generate approximately US$32.07 per person in 2024.
This figure provides insight into the economic impact and scale of the Hospitals market within the country.
Senegal's hospitals are increasingly adopting telemedicine solutions to improve access to healthcare in remote areas.

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 Senegal has been developing at a steady pace over the years, with the hospitals market playing a crucial role in providing quality medical services to the population.

Customer preferences: The population in Senegal has shown a growing preference for hospitals that provide advanced medical technology and equipment, as well as specialized medical services. Patients are increasingly seeking hospitals that offer personalized care and treatment options that cater to their specific medical needs. Furthermore, there is an increasing demand for hospitals that provide affordable medical services, especially for low-income patients.

Trends in the market: One of the major trends in the hospitals market in Senegal is the increasing investment in healthcare infrastructure. This has led to the construction of new hospitals, expansion of existing facilities and the introduction of modern medical equipment and technology. Additionally, there is a growing trend towards public-private partnerships in the healthcare sector, which has resulted in the establishment of private hospitals that cater to the needs of the population.Another trend is the increasing focus on preventive healthcare, which aims to reduce the burden of chronic diseases and improve overall health outcomes. This has led to the introduction of community-based healthcare initiatives, such as health education programs and vaccination campaigns. Additionally, there is a growing trend towards telemedicine and e-health services, which aim to improve access to medical services for patients in remote areas.

Local special circumstances: Senegal has a large rural population, which has limited access to medical services. To address this issue, the government has introduced the National Health Development Plan, which aims to improve access to healthcare services in rural areas. Additionally, there is a growing need for hospitals that cater to the needs of the elderly population, as the country’s aging population is increasing.

Underlying macroeconomic factors: Senegal’s economy has been growing steadily over the years, with a focus on infrastructure development and investment in key sectors such as healthcare. The government has been investing heavily in the healthcare sector, which has led to the development of new hospitals and the expansion of existing facilities. Additionally, there is a growing trend towards public-private partnerships in the healthcare sector, which has resulted in the establishment of private hospitals that cater to the needs of the population. Overall, the hospitals market in Senegal is poised for growth in the coming years, driven by increasing investment in healthcare infrastructure and the growing demand for quality medical 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.