Key regions: United States, China, Germany, Japan, Europe
The Hospitals market in Bosnia and Herzegovina has been developing in a unique way due to various factors that have influenced the healthcare sector in the country.
Customer preferences: Bosnia and Herzegovina has a public healthcare system that is free for all citizens, but many people opt for private healthcare due to long waiting times and inadequate facilities in public hospitals. Private hospitals and clinics are preferred by customers who can afford to pay for healthcare services as they offer better facilities, shorter waiting times, and more personalized care.
Trends in the market: The private healthcare sector in Bosnia and Herzegovina has been growing steadily in recent years due to increased demand for better healthcare services. Private hospitals and clinics have been expanding their services to cater to the needs of their customers. The trend towards medical tourism has also been on the rise, with many people coming to Bosnia and Herzegovina for medical procedures due to the lower costs compared to other European countries.
Local special circumstances: Bosnia and Herzegovina has a complex political and economic situation that has affected the healthcare sector. The country has a decentralized healthcare system, with each of the two entities (Federation of Bosnia and Herzegovina and Republika Srpska) responsible for their own healthcare policies and funding. This has resulted in unequal access to healthcare services across the country, with some areas having better facilities and services than others.
Underlying macroeconomic factors: The healthcare sector in Bosnia and Herzegovina has been affected by the country's economic situation. The country has a high unemployment rate, which has led to a decrease in the number of people with private health insurance. The public healthcare system is also underfunded, with a lack of investment in infrastructure and equipment. The COVID-19 pandemic has further highlighted the weaknesses in the healthcare system, with shortages of medical supplies and equipment.In conclusion, the Hospitals market in Bosnia and Herzegovina has been developing in response to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The private healthcare sector has been growing due to increased demand for better healthcare services, while the public healthcare system has been struggling due to underfunding and inadequate facilities. The complex political and economic situation in the country has also affected the healthcare sector, with unequal access to healthcare services across the country.
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.
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