Hospitals - Brazil

Brazil

In Brazil, the Hospitals market is anticipated to witness a significant increase in revenue, with projections indicating that it will reach R €80.78bn by 2024.
This revenue is expected to demonstrate a compound annual growth rate (CAGR 2024-2029) of 5.16%, resulting in a market volume of R €103.90bn by 2029.
In comparison to other countries worldwide, United States is predicted to generate the highest revenue in the Hospitals market, reaching a staggering €1,392.00bn in 2024.
When considering the revenue per capita, in Brazil is estimated to generate R €371.20 per person in 2024.
In Brazil, hospitals are increasingly investing in telemedicine technology to improve access to healthcare in remote areas.

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

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Comparación de regiones

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Analyst Opinion

The healthcare industry in Brazil has been growing steadily over the past few years, with the hospitals market being a major contributor.

Customer preferences: Brazilian customers are increasingly demanding better healthcare services, which is driving the growth of the hospitals market. Patients are looking for hospitals that offer modern medical equipment, state-of-the-art facilities, and highly qualified medical professionals. Additionally, there is a growing demand for specialized medical services, such as cardiology, oncology, and neurology.

Trends in the market: One of the major trends in the hospitals market in Brazil is the increasing investment in technology and innovation. Hospitals are adopting new technologies to improve patient care, reduce costs, and increase efficiency. For example, many hospitals are implementing electronic medical records systems to streamline patient data management. Additionally, there is a growing trend towards telemedicine, which allows patients to receive medical consultations and treatments remotely.Another trend in the hospitals market is the consolidation of the sector. In recent years, there has been a wave of mergers and acquisitions in the healthcare industry, as hospitals seek to expand their operations and gain a competitive advantage. This trend is expected to continue in the coming years, as hospitals look for ways to improve their economies of scale and increase their bargaining power with suppliers.

Local special circumstances: Brazil is a country with significant regional disparities in healthcare access and quality. While major cities such as São Paulo and Rio de Janeiro have a relatively well-developed healthcare infrastructure, many rural areas and smaller cities lack adequate medical facilities. This has created opportunities for hospitals to expand their operations into underserved regions, and many hospitals are investing in satellite clinics and telemedicine services to reach patients in remote areas.

Underlying macroeconomic factors: The hospitals market in Brazil is also influenced by broader macroeconomic factors. The country's aging population, for example, is driving demand for healthcare services, particularly in the areas of chronic disease management and long-term care. Additionally, the government's efforts to expand access to healthcare services through the public healthcare system are creating opportunities for private hospitals to partner with the government and provide services to underserved populations. Finally, Brazil's economic growth and rising middle class are contributing to increased demand for private healthcare services, including hospital care.

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.