Hospitals - Fiji

Fiji

The Hospitals market in Fiji is projected to reach a revenue of US$84.81m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 4.91%, leading to a market volume of US$107.80m by 2029.
When compared globally, in the United States is set to generate the highest revenue of US$1,501.00bn in 2024.
In terms of per person revenues, in Fiji is expected to generate US$89.93 in 2024.
Fiji's hospitals are increasingly incorporating traditional Fijian healing practices alongside modern medicine to provide culturally sensitive healthcare.

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

Market

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Currency

Analyst Opinion

The Hospitals market in Fiji has seen significant development in recent years.

Customer preferences: Fijians have become more health-conscious and are seeking better healthcare services. As a result, they are willing to spend more on healthcare services. The demand for private hospitals has increased as Fijians are looking for better facilities and services.

Trends in the market: The Hospitals market in Fiji has been growing steadily. The government has been investing in the healthcare sector, which has led to the development of new hospitals and the expansion of existing ones. Private hospitals have also been expanding their facilities and services to meet the growing demand. Medical tourism has also been on the rise, with more people coming to Fiji for medical treatment.

Local special circumstances: Fiji is a small island nation with a limited number of hospitals. The government has been investing in the healthcare sector to improve the quality of healthcare services and to meet the growing demand. Private hospitals have also been expanding their facilities and services to meet the growing demand.

Underlying macroeconomic factors: The Fijian economy has been growing steadily, which has led to an increase in disposable income. This has led to an increase in the demand for healthcare services. The government has been investing in the healthcare sector, which has led to the development of new hospitals and the expansion of existing ones. The rise in medical tourism has also contributed to the growth of the Hospitals market in Fiji.

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.