Hospitals - Greece

Greece

The Hospitals market in Greece is expected to experience significant growth in the coming years.
According to projections, the revenue in this market is projected to reach US$8.12bn by the year 2024.
This growth is expected to continue, with an annual growth rate (CAGR 2024-2029) of 2.48%, resulting in a market volume of US$9.18bn by 2029.
When compared globally, it is worth noting that in the United States is expected to generate the highest revenue in the Hospitals market, with an estimated revenue of US$1,501.00bn in 2024.
This showcases the dominance of the US market in this sector.
In terms of per person revenues, in Greece is expected to generate US$788.10 per person in 2024.
This metric provides insight into the contribution of the Hospitals market to the overall economy and the average revenue generated per individual in the country.
In Greece, hospitals are experiencing a surge in demand for telemedicine services due to the ongoing COVID-19 pandemic.

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

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Analyst Opinion

Greece, known for its ancient history and beautiful islands, has a healthcare system that is continuously developing. The Hospitals market in Greece has been expanding in recent years due to various factors.

Customer preferences: Greek citizens and tourists prefer to have access to high-quality healthcare services. With the increase in medical tourism, Greece has made efforts to improve its healthcare system to attract more patients from abroad. Patients prefer hospitals that offer state-of-the-art technology, modern facilities, and highly qualified medical staff.

Trends in the market: One of the trends in the Hospitals market in Greece is the increase in private hospitals. Private hospitals offer faster access to medical services and a higher standard of care compared to public hospitals. Private hospitals also have the advantage of being able to invest in the latest medical technologies and equipment. Another trend is the rise of medical tourism in Greece. The Greek government has been promoting medical tourism to attract patients from abroad. Medical tourists are attracted to Greece because of the country's high-quality healthcare services, competitive prices, and beautiful scenery.

Local special circumstances: Greece has a unique geography that presents some challenges to the healthcare system. The country's numerous islands make it difficult to provide healthcare services to all citizens. However, the Greek government has been investing in telemedicine to improve access to healthcare services in remote areas. Another challenge is the aging population of Greece. The elderly require more healthcare services, and the Greek healthcare system needs to adapt to meet their needs.

Underlying macroeconomic factors: The Greek economy has been struggling in recent years, and the healthcare system has not been immune to the effects of the economic crisis. The Greek government has had to cut healthcare spending, which has affected the quality of healthcare services in the country. However, the government has been making efforts to improve the healthcare system and attract more investment in the sector. The increase in private hospitals and medical tourism is a result of these efforts.In conclusion, the Hospitals market in Greece has been expanding due to the increase in private hospitals and medical tourism. The Greek government has been investing in the healthcare system to attract more patients from abroad and improve access to healthcare services for its citizens. However, the challenges presented by the country's geography and aging population require further investment and adaptation of the healthcare system.

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.