Outpatient Care - Southern Asia

Southern Asia

The Outpatient Care market in Southern Asia is forecasted to achieve a revenue of US$27.47bn in 2024.
This segment is expected to demonstrate a compound annual growth rate (CAGR 2024-2029) of 8.85%, leading to a market volume of US$41.98bn by 2029.
When comparing globally, in the United States is projected to generate the highest revenue in this market, amounting to US$744.80bn in 2024.
In Southern Asia, the demand for outpatient care in India is rapidly growing due to the increasing population and rising healthcare awareness.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Outpatient Care market in Southern Asia is experiencing significant growth due to various factors.

Customer preferences: Customers in Southern Asia prefer outpatient care due to its convenience and cost-effectiveness. Outpatient care allows patients to receive medical treatment without being admitted to a hospital, which means they can save money on hospital fees. Additionally, patients can receive treatment without having to take time off work or school, which is important in countries where sick leave is not readily available.

Trends in the market: Several countries in Southern Asia are experiencing an increase in the number of outpatient care facilities. For example, in India, the number of outpatient care facilities has increased significantly in recent years due to the government's push towards universal healthcare coverage. Similarly, in Bangladesh, there has been a rise in the number of private outpatient care facilities due to a growing middle class and increased healthcare spending.

Local special circumstances: One of the unique challenges facing the Outpatient Care market in Southern Asia is the lack of healthcare infrastructure in many rural areas. While urban centers have seen an increase in the number of outpatient care facilities, rural areas are often underserved. This presents an opportunity for companies to expand their reach by providing mobile outpatient care services or partnering with existing healthcare providers in rural areas.

Underlying macroeconomic factors: The Outpatient Care market in Southern Asia is being driven by several macroeconomic factors. One of the most significant factors is the region's growing middle class. As more people move into the middle class, they are able to afford better healthcare, including outpatient care. Additionally, governments in the region are investing in healthcare infrastructure, which is driving the growth of the Outpatient Care market. Finally, advancements in technology are making it easier for healthcare providers to offer outpatient care services, which is further fueling the growth of the 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.