Hospitals - New Zealand

New Zealand

In 2024, the projected revenue in the Hospitals market in New Zealand is expected to reach NZ US$9.61bn.
It is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 5.38%, resulting in a market volume of NZ US$12.49bn by 2029.
When compared globally, in the United States is projected to generate the highest revenue in the Hospitals market, with an estimated amount of US$1,501.00bn in 2024.
Considering the total population figures, the per person revenues in New Zealand are expected to be NZ US$1.82k in 2024.
New Zealand's hospitals are increasingly adopting innovative telemedicine technologies to improve access to healthcare services in remote areas.

Key regions: United States, China, Germany, Japan, Europe

Market

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Currency

Analyst Opinion

New Zealand is a country with a population of around 5 million people, and the healthcare industry is an essential part of the country's economy. The Hospitals market in New Zealand has been developing in a unique way due to several factors.

Customer preferences: New Zealanders prefer public healthcare services over private healthcare services. The public healthcare system is funded by the government, and it provides free or low-cost healthcare services to the citizens. The majority of the population prefers to use these services due to their affordability and accessibility.

Trends in the market: One of the significant trends in the Hospitals market in New Zealand is the increasing demand for elective surgeries. The aging population and the rise in chronic diseases have led to an increase in demand for elective surgeries. Moreover, the government has been investing in the healthcare infrastructure, which has led to an increase in the number of hospitals and healthcare facilities.Another trend in the market is the adoption of technology in the healthcare industry. The hospitals in New Zealand are adopting new technologies such as electronic health records, telemedicine, and robotic surgeries to improve the quality of healthcare services.

Local special circumstances: New Zealand has a unique healthcare system where the government provides free or low-cost healthcare services to the citizens. The government is the primary funder of the healthcare system, and it regulates the healthcare industry. The government has been investing in the healthcare infrastructure to improve the quality of healthcare services.

Underlying macroeconomic factors: The New Zealand economy has been growing steadily, and the healthcare industry has been growing along with it. The government has been investing in the healthcare infrastructure, which has led to an increase in the number of hospitals and healthcare facilities. The aging population and the rise in chronic diseases have led to an increase in demand for healthcare services.In conclusion, the Hospitals market in New Zealand has been developing in a unique way due to the country's healthcare system, customer preferences, and underlying macroeconomic factors. The increasing demand for elective surgeries, adoption of technology, and government investment in the healthcare infrastructure are some of the significant trends in 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 forecasting 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.