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.
Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.
Most recent update: Apr 2024
Source: Statista Market Insights
Most recent update: Apr 2024
Source: Statista Market Insights
The healthcare industry in Zimbabwe has been facing challenges due to political and economic instability. Despite this, the Hospitals market in Zimbabwe has been developing in recent years.
Customer preferences: Zimbabweans have a high demand for quality healthcare services. Due to the shortage of healthcare facilities in the country, patients often have to travel long distances to access medical care. As a result, there is a growing preference for hospitals that offer a wide range of medical services under one roof. Patients also prefer hospitals that have modern medical equipment and highly skilled medical personnel.
Trends in the market: The Hospitals market in Zimbabwe has been growing due to the increasing demand for medical services. Private hospitals have been leading the growth as they offer better quality services compared to public hospitals. Private hospitals have been investing in modern medical equipment and highly skilled medical personnel to attract more patients. There has also been a growing trend of medical tourism, where patients from neighboring countries come to Zimbabwe for medical treatment.
Local special circumstances: The healthcare industry in Zimbabwe has been facing challenges due to political and economic instability. The shortage of foreign currency has made it difficult for hospitals to import medical equipment and drugs. The shortage of medical personnel has also been a challenge, as many doctors and nurses have emigrated to other countries in search of better opportunities. The government has been trying to address these challenges by investing in the healthcare sector and offering incentives for medical personnel to stay in the country.
Underlying macroeconomic factors: The Hospitals market in Zimbabwe has been influenced by macroeconomic factors such as inflation and foreign currency shortages. The high inflation rate has made it difficult for hospitals to maintain their operations and invest in modern medical equipment. The shortage of foreign currency has also made it difficult for hospitals to import medical equipment and drugs. The government has been implementing policies to address these challenges, such as introducing a foreign currency auction system to increase the availability of foreign currency.
Most recent update: Apr 2024
Sources: Statista Market Insights, OECD, WHO, National statistical offices
Most recent update: Apr 2024
Sources: Statista Market Insights, World Bank, WHO
Most recent update: Apr 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights