Inpatient Care - Brunei Darussalam

Brunei Darussalam

The Inpatient Care market in Brunei Darussalam is predicted to experience substantial growth in the coming years.
According to projections, the revenue is expected to reach US$105.60m in 2024.
Furthermore, it is anticipated that the market will exhibit an annual growth rate of 2.54% from 2024 to 2029 (CAGR 2024-2029).
This growth trajectory will result in a market volume of US$119.70m by 2029.
When compared globally, it is noteworthy that in the United States will generate the highest revenue in the Inpatient Care market.
In 2024 alone, in the United States is expected to generate a staggering revenue of US$731.40bn.
This indicates the dominance of the United States in the global market segment of Inpatient Care market.
Brunei Darussalam's inpatient care market is witnessing a surge in demand due to the country's focus on providing high-quality healthcare services to its citizens.

Key regions: India, Canada, Japan, United Kingdom, Germany

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Analyst Opinion

The healthcare market in Brunei Darussalam is developing at a steady pace, with the inpatient care market being a significant contributor to this growth.

Customer preferences: Inpatient care is a crucial aspect of healthcare in Brunei Darussalam, with a significant portion of the population preferring hospitalization for medical treatment. Patients in Brunei Darussalam tend to seek medical attention for even minor illnesses, leading to a higher demand for inpatient care services.

Trends in the market: The inpatient care market in Brunei Darussalam is witnessing a shift towards more specialized and advanced medical treatments. The demand for specialized treatments is being driven by the rising prevalence of chronic diseases such as diabetes, heart disease, and cancer. The government of Brunei Darussalam is also investing heavily in upgrading the healthcare infrastructure, which is expected to further boost the demand for inpatient care services.

Local special circumstances: Brunei Darussalam has a relatively small population, which poses a challenge for healthcare providers in terms of achieving economies of scale. However, the government is taking steps to address this issue by promoting medical tourism and encouraging foreign investment in the healthcare sector. The country's strategic location and excellent healthcare infrastructure make it an attractive destination for medical tourists from neighboring countries.

Underlying macroeconomic factors: The Brunei Darussalam government's focus on developing the healthcare sector is driven by the country's long-term economic development strategy. The government aims to diversify the economy and reduce its reliance on oil and gas exports by promoting other sectors such as healthcare. The healthcare sector is also expected to create employment opportunities and contribute to the country's overall economic growth.In conclusion, the inpatient care market in Brunei Darussalam is growing steadily, driven by customer preferences for hospitalization, a shift towards specialized treatments, and the government's focus on developing the healthcare sector. The country's small population poses a challenge for healthcare providers, but the government's efforts to promote medical tourism and foreign investment are expected to address this issue. The healthcare sector's growth is part of the country's broader economic development strategy, which aims to diversify the economy and create employment opportunities.

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 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.