Market Insights Health Hospitals Inpatient Care

Gastroenterology - Colombia

Colombia

In Colombia, the Gastroenterology market is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach €0.44bn by the year 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate of 3.00% from 2024 to 2029, resulting in a market volume of €0.51bn by the end of 2029.
In terms of global comparison, United States is expected to generate the highest revenue in the Gastroenterology market, with an estimated revenue of €55,510.00m in 2024.
Colombia is experiencing a growing demand for advanced endoscopic procedures in the field of gastroenterology.

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

Mercado

Región

Comparación de regiones

Moneda

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.