Inpatient Care - Portugal

Portugal

In Portugal, the revenue in the Inpatient Care market is forecasted to reach US$4.85bn in 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 3.53%, leading to a market volume of US$5.77bn by 2029.
When compared globally, in the United States is projected to generate the highest revenue, amounting to US$731.40bn in 2024.
In Portugal, there is a growing trend towards the implementation of advanced technology in inpatient care facilities, improving patient outcomes and streamlining healthcare processes.

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

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Analyst Opinion

The healthcare industry in Portugal has been developing rapidly in recent years, and the Inpatient Care market is no exception.

Customer preferences: Portuguese consumers have been increasingly demanding high-quality healthcare services, which has led to a rise in private healthcare providers. Patients are willing to pay for premium services and amenities, such as private rooms, personalized care, and shorter wait times. Additionally, the aging population in Portugal has increased the demand for long-term care and specialized medical services.

Trends in the market: The Inpatient Care market in Portugal has been experiencing a shift from public to private healthcare providers. Private hospitals and clinics have been investing in new technologies and equipment to improve patient outcomes and experiences. This has led to increased competition among providers, which has resulted in lower prices for patients.Another trend in the market is the focus on preventive care. Healthcare providers are offering more services to prevent diseases and promote healthy lifestyles. This includes health screenings, vaccinations, and wellness programs. The goal is to reduce the burden on the healthcare system by preventing illnesses before they occur.

Local special circumstances: Portugal has a national healthcare system that provides free or low-cost healthcare to all citizens. However, the system has been underfunded and understaffed, which has led to long wait times and a shortage of medical professionals. This has created an opportunity for private healthcare providers to fill the gap and offer faster and more personalized care.Additionally, Portugal has a large tourism industry, which has led to an increase in medical tourism. Private hospitals and clinics are offering medical services to foreign patients, which has become a significant source of revenue for the healthcare industry.

Underlying macroeconomic factors: The Portuguese economy has been growing steadily in recent years, which has led to an increase in disposable income and healthcare spending. Additionally, the government has been investing in healthcare infrastructure and technology to improve the quality of care and reduce costs.The aging population in Portugal has also contributed to the growth of the Inpatient Care market. As people age, they require more medical care and attention, which has created a demand for specialized services and facilities.In conclusion, the Inpatient Care market in Portugal is experiencing a shift towards private healthcare providers, a focus on preventive care, and an increase in medical tourism. These trends are driven by consumer preferences for high-quality care, an aging population, and a growing economy. The government's investments in healthcare infrastructure and technology have also contributed to the growth of the market.

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.