Inpatient Care - Romania

Romania

In Romania, the revenue in the Inpatient Care market is forecasted to reach US$5.82bn in 2024.
It is expected that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 4.75%, leading to a market volume of US$7.34bn by 2029.
When comparing globally, in the United States is projected to generate the highest revenue in the Inpatient Care market, amounting to US$731.40bn in 2024.
In Romania, the market for Inpatient Care is seeing a rise in demand for specialized medical services.

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

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Analyst Opinion

The Inpatient Care market in Romania has been witnessing significant growth in recent years, driven by various factors such as increasing healthcare expenditure, rising awareness about the importance of healthcare, and the growing burden of chronic diseases.

Customer preferences: Patients in Romania prefer inpatient care for serious or chronic illnesses, as it provides them with round-the-clock medical attention and personalized care. Moreover, the availability of advanced medical technologies and skilled healthcare professionals in the country's hospitals has also contributed to the popularity of inpatient care.

Trends in the market: One of the major trends in the Inpatient Care market in Romania is the growing demand for private healthcare services. Private hospitals and clinics are becoming increasingly popular among patients due to their state-of-the-art facilities, shorter waiting times, and personalized care. Another trend is the increasing focus on preventive healthcare, as more people are becoming aware of the importance of early detection and treatment of illnesses.

Local special circumstances: Romania's healthcare system has undergone significant reforms in recent years, aimed at improving the quality of care and increasing access to healthcare services. The government has invested heavily in the healthcare sector, with a focus on upgrading medical infrastructure and providing better training to healthcare professionals. However, the country still faces challenges such as a shortage of healthcare workers, particularly in rural areas, and a lack of funding for medical research and development.

Underlying macroeconomic factors: Romania's economy has been growing steadily in recent years, driven by strong domestic demand and increasing foreign investment. This has led to an increase in healthcare spending, with the government allocating more funds to the healthcare sector. Moreover, the country's aging population and the growing burden of chronic diseases have also contributed to the growth of the Inpatient Care market in Romania.

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.