Hospitals - Denmark

Denmark

In Denmark, the revenue in the Hospitals market is estimated to reach US$20.58bn by 2024.
It is anticipated that there will be an annual growth rate (CAGR 2024-2029) of 4.03%, which will result in a market volume of US$25.08bn by 2029.
When compared globally, in the United States is expected to generate the highest revenue of US$1,501.00bn by 2024.
In terms of per person revenues, US$3.47k will be generated in 2024.
Denmark's hospitals are at the forefront of implementing sustainable practices, focusing on energy efficiency and reducing carbon emissions.

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

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Analyst Opinion

The healthcare sector in Denmark has been experiencing significant growth in recent years. As a result, the hospitals market has also been expanding to meet the increasing demand for healthcare services.

Customer preferences: Denmark's aging population has been a major factor driving the growth of the hospitals market. As the population continues to age, the demand for healthcare services has increased significantly. Additionally, the rising prevalence of chronic diseases such as diabetes and cancer has also contributed to the growth of the hospitals market.

Trends in the market: One of the major trends in the hospitals market in Denmark is the increasing adoption of digital technologies. Hospitals are investing in new technologies such as electronic health records, telemedicine, and mobile health applications to improve patient care and reduce costs. Another trend in the market is the growing focus on preventive care and wellness. Hospitals are offering more preventive care services such as health screenings and wellness programs to help patients stay healthy and avoid costly medical treatments.

Local special circumstances: Denmark has a universal healthcare system that is funded by taxes. This means that all citizens have access to healthcare services regardless of their income level. The hospitals market in Denmark is dominated by public hospitals, which account for the majority of healthcare services in the country. Private hospitals are also present in the market, but they primarily serve patients who want to avoid long waiting times for non-urgent medical procedures.

Underlying macroeconomic factors: Denmark has a strong economy with low unemployment rates and high levels of disposable income. This has contributed to the growth of the hospitals market as people are able to afford healthcare services. Additionally, the government has been investing in the healthcare sector to improve the quality of healthcare services and reduce the burden on public hospitals. This has led to the development of new hospitals and the expansion of existing ones to meet the growing demand for healthcare services.

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.