Inpatient Care - Africa

Africa

The Inpatient Care market in Africa is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is expected to reach €26.52bn by 2024.
Furthermore, it is anticipated that the market will experience an annual growth rate of 5.68% between 2024 and 2029, resulting in a market volume of €34.95bn by the end of 2029.
When comparing the revenue generated globally, it is noteworthy that United States is expected to dominate the market, with projected revenue of €671.20bn in 2024.
This indicates the significant market potential in the Inpatient Care market sector, not only in Africa but also worldwide.
In Africa, the demand for inpatient care is rising rapidly, fueled by an increase in chronic diseases and a growing middle class.

Key regions: United States, Germany, Brazil, United Kingdom, Japan

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Analyst Opinion

The Inpatient Care market in Africa has been experiencing significant growth in recent years, driven by a number of factors.

Customer preferences: Patients in Africa are increasingly seeking high-quality healthcare services, including inpatient care, which has led to a rise in demand for these services. Additionally, with the increasing prevalence of chronic diseases such as diabetes and cardiovascular disease, there is a growing need for inpatient care facilities that can provide specialized treatment to patients.

Trends in the market: One of the key trends in the Inpatient Care market in Africa is the increasing adoption of technology in healthcare. This includes the use of electronic health records, telemedicine, and other digital tools that can help improve patient outcomes and make healthcare more efficient. Another trend is the growing focus on preventative care, as healthcare providers look to reduce the burden of chronic diseases and improve population health.

Local special circumstances: Despite the overall growth in the Inpatient Care market in Africa, there are significant variations in healthcare access and quality across different countries and regions. In some areas, there is a lack of infrastructure and resources to support high-quality inpatient care, while in others there are issues with affordability and access to insurance coverage.

Underlying macroeconomic factors: The underlying macroeconomic factors driving the growth of the Inpatient Care market in Africa include rising incomes, urbanization, and demographic changes. As more people move into cities and the middle class expands, there is a growing demand for healthcare services that can meet their needs. Additionally, as the population ages, there is a greater need for specialized care for chronic conditions and other age-related health issues.Overall, the Inpatient Care market in Africa is poised for continued growth in the coming years, as healthcare providers work to meet the needs of a growing patient population and address the challenges of providing high-quality care in a complex and rapidly changing healthcare landscape.

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 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.