Hospitals

The projected revenue in the Hospitals market in Ukraine is expected to reach US$6.45bn by 2024.
It is estimated that the revenue will show an annual growth rate (CAGR 2024-2029) of 3.59%, resulting in a market volume of US$7.70bn by 2029.
In comparison to the global market, United States is projected to generate the highest revenue of US$1.50tn in 2024.
When considering the total population, per person revenues of US$170.00 are expected to be generated in Ukraine in 2024.
Ukraine's hospital market is experiencing a surge in private investments, leading to the modernization and expansion of healthcare facilities.

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 Ukraine is rapidly developing, and this is reflected in the growth of the hospitals market.

Customer preferences: Customers in Ukraine are increasingly seeking high-quality medical services, which has led to a rise in demand for private hospitals. Patients are willing to pay a premium for better facilities, advanced medical equipment, and personalized care. In addition, there is a growing trend towards medical tourism, with patients from neighboring countries seeking treatment in Ukraine due to the lower costs and high-quality services.

Trends in the market: The hospitals market in Ukraine is witnessing a shift towards privatization. Private hospitals are expanding their services, investing in modern equipment, and offering specialized medical care. This trend is expected to continue as the government encourages private investment in the healthcare sector. In addition, there is a growing demand for telemedicine services, which allows patients to receive medical consultations and treatment remotely.

Local special circumstances: The hospitals market in Ukraine is facing several challenges. One of the major challenges is the shortage of medical personnel, particularly doctors and nurses. This has led to a high workload for existing medical staff and a decline in the quality of healthcare services. In addition, there is a lack of funding for the healthcare sector, which has resulted in a shortage of medical equipment and outdated facilities.

Underlying macroeconomic factors: The growth of the hospitals market in Ukraine is driven by several macroeconomic factors. The country has a large population, which creates a significant demand for healthcare services. In addition, the government is taking steps to reform the healthcare sector, which is expected to attract private investment and improve the quality of services. The low labor costs in Ukraine make it an attractive destination for medical tourism, which is expected to boost the growth of the hospitals market 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.