Other Hospital Services - Nigeria

Nigeria

The Other Hospital Services market in Nigeria is expected to see a significant increase in revenue, reaching US$1.60bn by 2024.
This projection indicates a positive trend for the market's growth.
Furthermore, it is anticipated that the market will continue to expand at an annual growth rate of 2.38% from 2024 to 2029, resulting in a market volume of US$1.80bn by the end of the forecast period.
When comparing the revenue generated in the Other Hospital Services market globally, it is worth noting that in China is expected to dominate, with a projected revenue of US$99,820.00m in 2024.
This highlights the significant contribution of the Chinese market to the overall revenue in this sector.
Nigeria's Other Hospital Services market is experiencing a surge in demand due to the country's growing population and increasing healthcare awareness.

Key regions: Germany, Europe, United States, Canada, Brazil

Market

Region

Region comparison

Currency

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.