Market Insights Health Hospitals Inpatient Care

Gastroenterology - United Kingdom

United Kingdom

In the United Kingdom, the Gastroenterology market is expected to witness significant growth in the coming years.
By 2024, the projected revenue for this market is estimated to reach US$6.35bn.
This is a substantial figure that highlights the potential and importance of the Gastroenterology market sector in the UK.
Looking ahead, the market is anticipated to continue its growth trajectory, with an annual growth rate (CAGR 2024-2029) of 3.77%.
This steady growth is predicted to result in a market volume of US$7.64bn by 2029.
These numbers indicate a promising future for the Gastroenterology market in the United Kingdom.
It is worth mentioning that in a global comparison, in the United States is expected to generate the highest revenue in the Gastroenterology market.
In 2024, the projected revenue for the United States alone is estimated to be a staggering US$60,480.00m.
This highlights the dominance and significance of the US market in this particular industry.
Overall, these numbers demonstrate the immense potential and growth opportunities in the Gastroenterology market, both in the United Kingdom and globally.
The United Kingdom has seen an increase in demand for specialized gastroenterology clinics, offering advanced treatments and personalized care.

Key regions: Brazil, China, Europe, United Kingdom, Canada

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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.