Inpatient Care - Mexico

Mexico

Mexico is expected to see significant growth in the Inpatient Care market.
By 2024, the projected revenue for this market in Mexico is estimated to reach US$29.71bn.
It is projected to continue growing at an annual growth rate of 3.09% (CAGR 2024-2029), resulting in a market volume of US$34.59bn by 2029.
When compared globally, in the United States is expected to generate the highest revenue in the Inpatient Care market, with an estimated revenue of US$731.40bn in 2024.
However, Mexico's market is also expected to show significant growth and contribute to the overall market expansion.
Inpatient care in Mexico has seen a surge in demand due to the increasing number of medical tourists seeking affordable and high-quality healthcare services.

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

Market

Region

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Currency

Analyst Opinion

The Inpatient Care market in Mexico has been experiencing significant growth in recent years.

Customer preferences: One of the main drivers of this growth is the increasing demand for high-quality healthcare services. Mexican consumers are becoming more aware of the importance of preventative care and are willing to invest in healthcare services that can help them maintain good health. As a result, there has been a growing demand for inpatient care services that can provide patients with the necessary medical care and treatment.

Trends in the market: In addition to the increasing demand for inpatient care services, there has also been a trend towards more specialized care. Many hospitals and healthcare providers in Mexico are now focusing on providing specialized care in areas such as oncology, cardiology, and neurology. This trend is being driven by advances in medical technology and an increasing need for more personalized care for patients.Another trend in the Inpatient Care market in Mexico is the growth of medical tourism. Many patients from the United States and Canada are now traveling to Mexico to receive medical treatment at a lower cost. This has led to an increase in demand for high-quality inpatient care services in Mexico, as well as an increase in investment in the healthcare sector.

Local special circumstances: Mexico has a large and growing population, which has led to an increasing demand for healthcare services. However, there are also significant disparities in access to healthcare services between different regions of the country. In particular, rural areas often have limited access to healthcare services, which has led to a growing demand for inpatient care services in urban areas.

Underlying macroeconomic factors: The growth of the Inpatient Care market in Mexico is being driven by a number of underlying macroeconomic factors. These include a growing middle class, an aging population, and an increasing focus on healthcare as a priority area for investment. In addition, the Mexican government has been investing heavily in the healthcare sector in recent years, which has helped to drive growth in the Inpatient Care market. Overall, these factors are expected to continue to drive growth in the Inpatient Care market in Mexico in the coming years.

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.