Market Insights Health Hospitals Inpatient Care

Treatment of Cardiovascular Diseases - Australia

Australia

In Australia, the Treatment of Cardiovascular Diseases market is predicted to witness a substantial increase in revenue, with projections indicating a value of AU €5.82bn by 2024.
Furthermore, it is anticipated that this market will experience a steady annual growth rate of 5.34% between 2024 and 2029, leading to a market volume of AU €7.55bn by the end of the forecast period.
When compared to other countries globally, it is noteworthy that United States is expected to generate the highest revenue in this market, amounting to a staggering €126.20bn in 2024.
Australia's cardiovascular treatment market is witnessing a surge in demand for innovative medical devices and personalized therapies.

Key regions: Germany, France, Japan, Europe, India

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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.