Hospitals - Burundi

Burundi

The Hospitals market in Burundi is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$113.20m in 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate of 4.52% from 2024 to 2029, resulting in a market volume of US$141.20m by 2029.
When compared globally, it is noteworthy that in the United States is set to generate the highest revenue in the Hospitals market, reaching a staggering US$1,501.00bn in 2024.
This showcases the dominance of the United States in this sector.
In terms of per capita revenue, in Burundi is projected to generate US$8.33 per person in 2024.
This figure indicates the average revenue generated by each individual in the country's population.
Burundi's hospitals are facing significant challenges in terms of infrastructure, medical equipment, and skilled healthcare professionals.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The healthcare industry in Burundi has undergone significant changes in recent years, with the Hospitals market experiencing noticeable growth.

Customer preferences: The increasing population and the growing burden of diseases have led to a higher demand for healthcare services in the country. Patients are becoming more aware of their health needs and are seeking better quality healthcare services. This has led to a shift towards private healthcare facilities, which are perceived to offer better services than public hospitals.

Trends in the market: The Hospitals market in Burundi is witnessing a surge in the number of private healthcare facilities. This trend is driven by the increasing demand for better quality healthcare services and the need to reduce the burden on public hospitals. Private hospitals are offering a wide range of services, including specialized treatments, advanced diagnostic facilities, and personalized care. This has led to increased competition among private healthcare providers, resulting in improved services and facilities.

Local special circumstances: Burundi is a low-income country with a weak healthcare infrastructure. The country has a shortage of healthcare professionals, medical equipment, and essential medicines. This has resulted in a high burden of diseases, especially in rural areas. The government is working towards improving the healthcare infrastructure in the country, but progress has been slow due to limited resources.

Underlying macroeconomic factors: The Burundian economy is heavily dependent on agriculture, which accounts for over 90% of the country's exports. The country has been facing economic challenges, including low GDP growth, high inflation, and a weak currency. These factors have had a significant impact on the healthcare industry, with limited resources available for investment in healthcare infrastructure and services. However, the government has prioritized healthcare as a key area for development, and this is expected to drive growth in the Hospitals market in the coming years.In conclusion, the Hospitals market in Burundi is undergoing significant changes, driven by increasing demand for better quality healthcare services and the need to reduce the burden on public hospitals. The surge in the number of private healthcare facilities is a notable trend in the market, which is expected to continue in the coming years. However, the weak healthcare infrastructure and limited resources pose significant challenges to the growth of the market. The government's commitment to improving the healthcare sector is expected to drive growth in the Hospitals market in the long term.

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.