Outpatient Care - Hungary

Hungary

The Outpatient Care market in Hungary is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is projected to reach US$0.37bn in 2024.
This indicates a promising outlook for the sector in the country.
Looking ahead, the market is forecasted to exhibit a compound annual growth rate (CAGR) of 7.04% between 2024 and 2029.
This steady growth is projected to result in a market volume of US$0.52bn by 2029.
These figures highlight the potential for expansion and development within the Outpatient Care market in Hungary.
In terms of global comparison, it is worth noting that in the United States is expected to generate the highest revenue in the Outpatient Care market, with an estimated value of US$744.80bn in 2024.
This demonstrates the dominant position of the United States in the global market and highlights the scale of its healthcare industry.
Overall, the Outpatient Care market in Hungary holds promising opportunities for growth and development.
With projected revenue figures and a positive CAGR, the sector is expected to contribute significantly to the country's healthcare industry in the coming years.
Hungary's outpatient care market is witnessing a surge in demand for telemedicine services due to increased access and convenience.

Key regions: France, Germany, United Kingdom, Canada, United States

Market

Region

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Currency

Analyst Opinion

The Outpatient Care market in Hungary has been experiencing significant development in recent years.

Customer preferences: Customers in Hungary have been increasingly seeking out outpatient care services due to the convenience and cost-effectiveness they offer compared to traditional inpatient care. Outpatient care allows patients to receive medical attention without having to stay overnight in a hospital, which can be particularly appealing for those with busy schedules or who live far from medical facilities. Additionally, outpatient care is often less expensive than inpatient care, making it an attractive option for those looking to save money on healthcare costs.

Trends in the market: One major trend in the Outpatient Care market in Hungary is the increasing availability of specialized outpatient care services. This includes services such as diagnostic imaging, laboratory testing, and rehabilitation services, which were previously only available in hospitals. As these services become more widely available in outpatient settings, patients are able to receive the care they need without having to go to a hospital, which can be especially important during the COVID-19 pandemic. Additionally, there has been a trend towards the use of telemedicine in outpatient care, allowing patients to receive medical attention remotely.

Local special circumstances: One unique aspect of the Outpatient Care market in Hungary is the country's aging population. As the population ages, there is an increasing demand for healthcare services, particularly for chronic conditions such as diabetes, cardiovascular disease, and cancer. Outpatient care can be particularly beneficial for older adults, as it allows them to receive the care they need without having to leave their homes or stay in a hospital.

Underlying macroeconomic factors: The development of the Outpatient Care market in Hungary can be attributed to several underlying macroeconomic factors. One key factor is the government's focus on healthcare reform, which has included efforts to increase the availability of outpatient care services. Additionally, the country's growing economy has allowed for increased investment in healthcare infrastructure and technology, making it easier for outpatient care providers to offer specialized services. Finally, the COVID-19 pandemic has accelerated the trend towards outpatient care, as patients seek to avoid hospitals and other healthcare facilities where they may be at risk of exposure to the virus.

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.