Outpatient Care - Worldwide

Worldwide

The Outpatient Care market is anticipated to achieve a noteworthy revenue of €1.25tn in 2024.
This sector is expected to display a steady annual growth rate (CAGR 2024-2029) of 5.96%, leading to a substantial market volume of €1.67tn by 2029.
In terms of global comparison, United States is projected to generate the highest revenue, amounting to €683.50bn in 2024.
In the worldwide outpatient care market, the United States leads the way with its advanced healthcare infrastructure and high demand for convenient and accessible medical services.

Key regions: United Kingdom, Japan, China, Brazil, Canada

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Analyst Opinion

The Outpatient Care market has been growing steadily in recent years, and it is expected to continue on this trajectory in the near future.

Customer preferences: One of the main reasons for the growth in the Outpatient Care market is the increasing preference for outpatient care among patients. Many patients prefer outpatient care over inpatient care as it is less expensive and allows them to recover in the comfort of their own homes. Additionally, advancements in technology have made it possible for patients to receive high-quality care in an outpatient setting, which has further fueled the growth of the market.

Trends in the market: The Outpatient Care market is growing at a faster rate in developing countries than in developed countries. This is due to the increasing demand for healthcare services in these countries, coupled with the lack of infrastructure and resources to support inpatient care. In addition, the rise of chronic diseases such as diabetes and heart disease has led to an increase in demand for outpatient care services.

Local special circumstances: In the United States, the Outpatient Care market is being driven by the aging population and the increasing prevalence of chronic diseases. As the baby boomer generation continues to age, there is a growing need for healthcare services, particularly outpatient care. In addition, the Affordable Care Act has increased access to healthcare services, which has also contributed to the growth of the Outpatient Care market.In China, the Outpatient Care market is being driven by the growing middle class and the increasing demand for high-quality healthcare services. As China's economy continues to grow, more people are able to afford healthcare services, and they are increasingly seeking out outpatient care options. Additionally, the Chinese government has been investing heavily in healthcare infrastructure, which has helped to fuel the growth of the Outpatient Care market.

Underlying macroeconomic factors: Overall, the growth of the Outpatient Care market is being driven by a combination of demographic, technological, and economic factors. As the global population continues to age and chronic diseases become more prevalent, there will be an increasing demand for healthcare services, particularly outpatient care. Additionally, advancements in technology have made it possible to provide high-quality care in an outpatient setting, which has further fueled the growth of the market. Finally, as economies around the world continue to grow, more people are able to afford healthcare services, which has helped to drive the growth of the Outpatient Care market.

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.