Hospitals - Suriname

Suriname

In Suriname, the Hospitals market is estimated to achieve a revenue of US$100.30m by 2024.
It is anticipated that the market will experience a steady growth rate of 6.67% per annum from 2024 to 2029, resulting in a market volume of US$138.50m by 2029.
When compared to other countries globally, United States is expected to generate the highest revenue in the Hospitals market, with an estimated amount of US$1,501.00bn in 2024.
In terms of per capita revenue, in Suriname is projected to generate US$159.60 per person in 2024.
This indicates the amount of revenue generated for each individual in the country's population.
Suriname's hospitals are experiencing a surge in demand for specialized healthcare services due to the country's aging population.

Key regions: United States, China, Germany, Japan, Europe

Market

Region

Region comparison

Currency

Analyst Opinion

Suriname, a small country located in South America, is experiencing growth in its Hospitals market.

Customer preferences: The population of Suriname has shown a preference for private healthcare services, leading to an increase in the number of private hospitals and clinics. Patients are willing to pay a premium for quicker access to medical care and specialized services. However, public hospitals still play a crucial role in providing healthcare services to the population, especially in remote areas.

Trends in the market: The Hospitals market in Suriname is experiencing growth due to the increasing demand for healthcare services. The country has a growing population, and with an increase in life expectancy, there is a higher demand for healthcare services. Furthermore, the rise in chronic diseases such as diabetes and hypertension has led to an increase in demand for specialized medical services. The government is also investing in the healthcare sector, which has led to the construction of new hospitals and clinics.

Local special circumstances: Suriname's healthcare system faces challenges such as a shortage of healthcare professionals and inadequate funding. The government has implemented policies to address these challenges, such as increasing the number of medical schools and offering scholarships to students pursuing medical degrees. Additionally, the country's geography, with many remote areas, presents a challenge in providing healthcare services to the entire population.

Underlying macroeconomic factors: Suriname's economy is heavily reliant on the mining sector, which has faced challenges due to declining commodity prices. This has led to a decrease in government revenue, which has affected the healthcare sector's funding. However, the government is implementing policies to diversify the economy and reduce its reliance on the mining sector. The country's location in South America also presents opportunities for medical tourism, which can further boost the Hospitals market.

Methodology

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.