Outpatient Care - Jamaica

Jamaica

In Jamaica, the Outpatient Care market is anticipated to witness a significant increase in revenue, with projections indicating a rise to US$93.61m by 2024.
Furthermore, it is expected that the market will experience a steady annual growth rate of 4.88% between 2024 and 2029, ultimately reaching a market volume of US$118.80m by 2029.
When compared globally, in the United States is poised to generate the highest revenue, amounting to a staggering US$744.80bn in 2024.
Jamaica's Outpatient Care market is experiencing a surge in demand for holistic and alternative healthcare services.

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

Market

Region

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Analyst Opinion

The Outpatient Care market in Jamaica has been experiencing significant growth in recent years.

Customer preferences: Customers in Jamaica are increasingly seeking outpatient care due to the convenience and cost-effectiveness it offers compared to inpatient care. Outpatient care allows patients to receive medical treatment without being admitted to a hospital, which is particularly appealing to those who require regular medical attention but do not need to stay in a hospital overnight. Additionally, the rising prevalence of chronic diseases in Jamaica, such as diabetes and hypertension, has increased demand for outpatient care services.

Trends in the market: One of the key trends in the Outpatient Care market in Jamaica is the increasing adoption of telemedicine. Telemedicine allows patients to receive medical consultations and treatment remotely, which is particularly useful in a country like Jamaica where many people live in rural areas with limited access to healthcare facilities. Another trend is the growing popularity of walk-in clinics, which offer convenient and affordable medical services without the need for an appointment.

Local special circumstances: Jamaica's healthcare system is primarily funded by the government, which has resulted in a shortage of healthcare professionals and limited resources. This has led to long wait times for medical appointments and a lack of access to specialized medical care. As a result, many Jamaicans are turning to the private sector for outpatient care services.

Underlying macroeconomic factors: Jamaica's economy has been growing steadily in recent years, which has led to an increase in disposable income and healthcare spending. Additionally, the government has implemented policies to encourage investment in the healthcare sector, which has led to the development of new outpatient care facilities. However, the country still faces challenges such as high levels of poverty and a lack of infrastructure, which can limit access to healthcare for some segments of the population.

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.