Hospitals - Czechia

Czechia

The Hospitals market in Czechia is projected to reach a revenue of US$10.93bn in 2024.
It is expected to show an annual growth rate of 4.08% from 2024 to 2029, resulting in a market volume of US$13.35bn by 2029.
In global comparison, in the United States is expected to generate the highest revenue of US$1,501.00bn in 2024.
In terms of per capita figures, the revenue generated per person in Czechia is estimated to be US$1.04k in 2024.
The hospital market in Czechia is experiencing a surge in demand for private healthcare services due to its high quality and availability.

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

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Analyst Opinion

With a population of over 10 million, the Czech Republic has a well-established healthcare system with a mix of public and private providers. The Hospitals market in Czechia is constantly evolving to meet the changing needs of the population, and several trends have emerged in recent years.

Customer preferences: Patients in Czechia have become more informed and demanding, with a growing interest in preventative healthcare and a preference for modern medical technologies. They are also increasingly willing to pay for private healthcare services, particularly for elective procedures.

Trends in the market: One of the key trends in the Hospitals market in Czechia is the increasing use of telemedicine, which allows patients to receive medical consultations and treatment remotely. This technology is particularly useful for patients in remote areas or those who have difficulty accessing healthcare services due to mobility issues.Another trend in the market is the growing popularity of outpatient services, which provide medical care without the need for an overnight hospital stay. This trend is being driven by advances in medical technology and a desire to reduce healthcare costs.

Local special circumstances: Czechia has a well-developed network of public hospitals, but there is also a growing private healthcare sector. Private hospitals and clinics are particularly popular for elective procedures such as cosmetic surgery, and many patients are willing to pay extra for the convenience and comfort of private healthcare.

Underlying macroeconomic factors: The Czech economy has been growing steadily in recent years, which has led to an increase in healthcare spending. The government has also introduced several healthcare reforms aimed at improving the quality of care and increasing access to healthcare services. These reforms have helped to boost the Hospitals market in Czechia and are likely to continue to drive growth in the future.

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.