Inpatient Care - Zimbabwe

Zimbabwe

The Inpatient Care market in Zimbabwe is expected to see a significant rise in revenue, with projections indicating that it will reach US$311.50m by the year 2024.
Furthermore, it is anticipated that the market will continue to experience steady growth, with an annual growth rate (CAGR 2024-2029) of -3.48%.
This growth trajectory will ultimately lead to a market volume of US$260.90m by 2029.
When comparing Zimbabwe's Inpatient Care market to the global landscape, it's worth noting that in the United States is expected to generate the highest revenue.
In 2024 alone, in the United States is projected to reach a staggering US$731.40bn in revenue, highlighting its dominance in this market segment.
In Zimbabwe, the current trend in the inpatient care market is the increasing demand for private hospital services due to the lack of resources in public hospitals.

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

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Analyst Opinion

The Inpatient Care market in Zimbabwe has been steadily developing over the years.

Customer preferences: The demand for inpatient care services has been on the rise in Zimbabwe due to several factors. Firstly, there has been an increase in the prevalence of chronic diseases such as cancer, diabetes, and heart diseases, which require continuous medical attention. Secondly, the aging population in Zimbabwe has led to an increase in the demand for inpatient care services. Lastly, the rising middle class in the country has led to an increase in disposable income, which has made it possible for more people to afford inpatient care services.

Trends in the market: One of the trends in the Inpatient Care market in Zimbabwe is the increasing adoption of technology in healthcare. This has led to the development of telemedicine, which has made it possible for patients to receive medical attention remotely. Another trend is the increasing focus on preventive healthcare, which has led to the development of wellness programs in hospitals. This has been driven by the need to reduce the burden of chronic diseases in the country.

Local special circumstances: Zimbabwe has a shortage of healthcare workers, which has led to challenges in the provision of inpatient care services. There is a need for more investment in the training and recruitment of healthcare workers to address this challenge. Additionally, the country's healthcare system has been affected by the economic challenges facing the country, which has led to a shortage of medical supplies and equipment in hospitals.

Underlying macroeconomic factors: The Inpatient Care market in Zimbabwe is influenced by various macroeconomic factors. The country's economy has been affected by hyperinflation, which has led to a decline in the purchasing power of consumers. This has made it difficult for some people to afford inpatient care services. Additionally, the country's healthcare system has been affected by the shortage of foreign currency, which has led to challenges in the importation of medical supplies and equipment. Despite these challenges, the government has made efforts to improve the healthcare system through initiatives such as the National Health Strategy.

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.