Outpatient Care - Kenya

Kenya

The Outpatient Care market in Kenya is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach Ksh US$0.50bn by 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate of 4.40% from 2024 to 2029, leading to a market volume of Ksh US$0.62bn by the end of the forecast period.
When compared globally, it is worth noting that in the United States is expected to generate the highest revenue in the Outpatient Care market, with an estimated amount of US$744.80bn in 2024.
The growing demand for outpatient care in Kenya is driving the expansion of private clinics and telemedicine services.

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

Market

Region

Region comparison

Currency

Analyst Opinion

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

Customer preferences: Kenyan consumers are increasingly seeking affordable and accessible healthcare services, which has led to a rise in demand for outpatient care. Patients prefer outpatient care due to its convenience, lower costs, and shorter waiting times compared to inpatient care. Additionally, the COVID-19 pandemic has further accelerated the shift towards outpatient care as patients seek to avoid crowded hospitals.

Trends in the market: The Outpatient Care market in Kenya has been expanding rapidly due to the government's efforts to improve healthcare services in the country. The government has implemented policies aimed at increasing access to healthcare services, such as the introduction of the National Hospital Insurance Fund (NHIF), which has made healthcare more affordable for Kenyans. Additionally, the growth of private healthcare providers has contributed to the expansion of the outpatient care market in the country.

Local special circumstances: Kenya has a rapidly growing population, with a significant proportion of the population living in rural areas. This has created a demand for healthcare services in remote areas, which has led to the growth of telemedicine services. Telemedicine has enabled patients in remote areas to access healthcare services without having to travel long distances to healthcare facilities.

Underlying macroeconomic factors: Kenya's economy has been growing steadily over the past decade, with a GDP growth rate of 5.4% in 2019. The growth of the economy has led to an increase in disposable income, which has enabled more Kenyans to access healthcare services. Additionally, the government's commitment to improving healthcare services in the country has attracted investment in the healthcare sector, which has contributed to the growth of the outpatient care 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 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.