Hospitals

The Hospitals market in Spain is expected to experience significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$67.27bn by 2024.
Furthermore, it is anticipated that the market will continue to expand at an annual growth rate (CAGR 2024-2029) of 3.27%, resulting in a market volume of US$79.01bn by 2029.
When compared to other countries globally, it is worth noting that United States is expected to generate the highest revenue in the Hospitals market, reaching a staggering US$1.50tn by 2024.
This highlights the significant scale of the industry United States.
In terms of per person revenues, the Hospitals market in Spain is projected to generate US$1.42k per individual in 2024.
This figure provides insight into the economic impact of the industry on a per capita basis.
The hospital market in Spain is experiencing a surge in the adoption of telemedicine services, making healthcare more accessible to 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

Spain, one of the largest countries in Europe, has a well-developed healthcare system that is ranked among the best in the world. The country has a long history of providing quality healthcare services to its citizens, and the government has made significant investments in the healthcare sector over the years. The Hospitals market in Spain is a crucial part of the country's healthcare system, and it has been experiencing significant growth in recent years.

Customer preferences: Customers in Spain have become increasingly aware of the importance of healthcare and are willing to spend more on quality healthcare services. The aging population in Spain has also contributed to the growth of the Hospitals market as the elderly require more medical attention. Additionally, the rise in chronic diseases such as diabetes, cardiovascular diseases, and cancer has led to an increase in demand for hospital services.

Trends in the market: One of the significant trends in the Hospitals market in Spain is the adoption of new technologies. Hospitals in Spain are investing in new medical equipment and technologies to improve the quality of their services and enhance patient outcomes. Another trend is the increasing focus on preventive healthcare services. Hospitals in Spain are offering preventive healthcare services such as routine health check-ups, vaccination programs, and health education to prevent the onset of diseases.

Local special circumstances: Spain has a decentralized healthcare system, and each region has its own healthcare budget and policies. This has led to differences in the quality of healthcare services provided in different regions. The private healthcare sector in Spain is also growing, and it is competing with the public sector for patients. Private hospitals in Spain are known for their high-quality services and shorter waiting times.

Underlying macroeconomic factors: The Spanish economy has been growing steadily in recent years, and this has led to an increase in healthcare spending. The government has also made significant investments in the healthcare sector, which has led to the development of new hospitals and the modernization of existing ones. The aging population in Spain has also contributed to the growth of the Hospitals market as the elderly require more medical attention.In conclusion, the Hospitals market in Spain is experiencing significant growth due to various factors such as customer preferences, adoption of new technologies, and increasing focus on preventive healthcare services. However, the decentralized healthcare system and the growth of the private healthcare sector pose challenges to the market. Overall, the future of the Hospitals market in Spain looks promising, and it is expected to continue growing in the coming years.

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.