Inpatient Care - Southern Europe

Southern Europe

The Inpatient Care market in Southern Europe is anticipated to witness significant growth in the coming years.
According to projections, the revenue in this market segment is expected to reach a staggering US$123.90bn in 2024.
Moreover, it is estimated that the market will experience a steady annual growth rate of 2.65% between 2024 and 2029, resulting in a market volume of US$141.20bn by the end of the forecast period.
In terms of global comparison, it is noteworthy that in the United States is expected to generate the highest revenue in the Inpatient Care market, with an impressive US$731.40bn in 2024.
In Southern Europe, the demand for inpatient care in Spain is increasing due to an aging population and a rise in chronic diseases.

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

Market

Region

Region comparison

Currency

Analyst Opinion

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

Customer preferences: One of the main customer preferences in the Inpatient Care market in Southern Europe is high-quality care. Patients are increasingly looking for facilities that offer specialized care and the latest medical technologies. Additionally, patients are more willing to pay for private rooms and amenities that enhance their comfort and overall experience during their stay.

Trends in the market: One trend that is driving growth in the Inpatient Care market in Southern Europe is the aging population. As the population ages, there is a greater demand for healthcare services, including inpatient care. Another trend is the increasing prevalence of chronic diseases, which require ongoing medical attention and hospitalization. Additionally, there is a growing trend towards medical tourism in the region, as patients from other countries seek out high-quality care at a lower cost.

Local special circumstances: In Spain, for example, there has been a push towards decentralizing healthcare services, which has led to the development of more private hospitals and clinics. In Italy, there has been a focus on improving the quality of care in public hospitals, which has led to increased investment in medical technologies and facilities. In Greece, the economic crisis has led to a greater demand for affordable healthcare services, which has resulted in the growth of private hospitals and clinics.

Underlying macroeconomic factors: One of the underlying macroeconomic factors driving growth in the Inpatient Care market in Southern Europe is the increasing healthcare expenditure by governments in the region. Additionally, the region's strong economic growth has led to an increase in disposable income, which has allowed more people to afford private healthcare services. Finally, the region's favorable regulatory environment has encouraged investment in the healthcare sector, which has led to the development of new facilities and technologies.

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.