Outpatient Care - Romania

Romania

Revenue in the Outpatient Care market in Romania is projected to reach US$21.34m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 8.80%, resulting in a market volume of US$32.53m by 2029.
In global comparison, in the United States is expected to generate the highest revenue, with US$744.80bn in 2024.
In Romania, the outpatient care market is experiencing a surge in demand due to the aging population and increasing prevalence of chronic diseases.

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

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Currency

Analyst Opinion

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

Customer preferences: Customers in Romania have been increasingly seeking convenient and affordable healthcare options, which has led to a surge in demand for outpatient care services. Patients prefer outpatient care due to its flexibility, low cost, and reduced waiting times. Furthermore, the COVID-19 pandemic has accelerated the trend towards outpatient care, as patients seek to avoid hospital visits and crowded waiting rooms.

Trends in the market: The Outpatient Care market in Romania has been growing rapidly, with an increasing number of private clinics and outpatient facilities opening up across the country. This growth has been driven by rising demand for outpatient care services, as well as increased investment in healthcare infrastructure and technology. One of the major trends in the market is the adoption of telemedicine, which has enabled patients to receive medical consultations and treatment remotely.

Local special circumstances: Romania's healthcare system has historically been underfunded, which has led to a shortage of medical staff and a lack of modern healthcare infrastructure. However, recent government initiatives have aimed to improve the country's healthcare system, including increased investment in healthcare infrastructure and technology, and the introduction of reforms aimed at improving the quality of care.

Underlying macroeconomic factors: Romania's economy has been growing steadily in recent years, with rising levels of disposable income and an expanding middle class. This has led to increased demand for healthcare services, including outpatient care. Furthermore, Romania's ageing population has also contributed to the growth of the outpatient care market, as older patients require more frequent medical attention and are more likely to seek out outpatient care services.

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.