Hospitals - Brunei Darussalam

Brunei Darussalam

In Brunei Darussalam, the revenue in the Hospitals market is estimated to reach US$156.10m in 2024.
It is projected to demonstrate an annual growth rate (CAGR 2024-2029) of 2.89%, resulting in a market volume of US$180.00m by 2029.
When compared globally, in the United States is expected to generate the highest revenue of US$1,501.00bn in 2024.
Considering the total population figures, per person revenues of US$342.40 are estimated to be generated in 2024.
Brunei Darussalam's hospitals are embracing advanced technology to provide cutting-edge medical treatments and improve patient care.

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

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Analyst Opinion

The healthcare industry in Brunei Darussalam has been experiencing steady growth in recent years, with the Hospitals market being a significant contributor to this growth.

Customer preferences: Patients in Brunei Darussalam increasingly prefer to seek medical treatment in hospitals due to the availability of advanced medical equipment and technology, as well as the presence of highly qualified medical professionals. Additionally, the preference for private hospitals has been on the rise due to the perception of better quality of care and shorter waiting times.

Trends in the market: One of the notable trends in the Hospitals market in Brunei Darussalam is the increasing number of private hospitals. This trend can be attributed to the growing demand for quality healthcare services and the willingness of patients to pay for premium services. Another trend is the adoption of technology in hospitals, which has led to improved patient outcomes and increased efficiency in hospital operations.

Local special circumstances: Brunei Darussalam has a relatively small population, which limits the size of the Hospitals market. However, the government's commitment to providing universal healthcare has created opportunities for private hospitals to partner with the government to provide healthcare services. Additionally, the country's high GDP per capita has enabled patients to afford private healthcare services.

Underlying macroeconomic factors: The government's focus on diversifying the economy away from oil and gas has led to increased investments in the healthcare industry. This has created opportunities for private hospitals to expand their operations and cater to the growing demand for quality healthcare services. Additionally, the country's stable political environment and favorable business climate have attracted foreign investments in the healthcare industry.

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 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.