Hospitals - Paraguay

  • Paraguay
  • In Paraguay, the Hospitals market is forecasted to achieve a revenue of US$1,279.00m by the year 2024.
  • This projection indicates an expected annual growth rate of 3.32% (CAGR 2024-2029), leading to a market volume of US$1,506.00m by 2029.
  • Comparatively, in the United States is expected to generate the highest revenue globally, reaching US$1,501.00bn in 2024.
  • When considering the total population, it is estimated that per person revenues of US$184.10 will be generated in Paraguay by 2024.
  • Paraguay's hospitals are increasingly adopting telemedicine technologies to improve access to healthcare in remote areas.

Key regions: United States, China, Germany, Japan, Europe

Region comparison

Analyst Opinion

Paraguay, a landlocked country in South America, is experiencing a steady growth in its Hospitals market.

Customer preferences:
Paraguayans are increasingly seeking better healthcare services and facilities, which has led to an upsurge in demand for hospitals. The population is aging, and the prevalence of chronic diseases is on the rise. Therefore, there is a growing need for specialized medical services, such as cardiology, neurology, and oncology. Additionally, the COVID-19 pandemic has highlighted the importance of healthcare infrastructure, leading to increased investment in the sector.

Trends in the market:
The Hospitals market in Paraguay is witnessing a trend towards modernization and digitization. Private hospitals are investing in state-of-the-art medical equipment and technology to provide better services to their patients. Moreover, there is an increase in the number of public-private partnerships, which is leading to the construction of new hospitals and the modernization of existing ones. These partnerships are also helping to bridge the gap between public and private healthcare services.

Local special circumstances:
Paraguay's healthcare system faces several challenges, including a shortage of medical professionals and inadequate healthcare infrastructure in rural areas. As a result, people living in rural areas often have limited access to healthcare services. However, the government is taking steps to address these issues by investing in medical education and infrastructure development. For instance, the Ministry of Public Health and Social Welfare has launched several initiatives to train more doctors and nurses and to improve healthcare facilities in remote areas.

Underlying macroeconomic factors:
Paraguay's economy has been growing steadily over the past few years, driven by a strong agricultural sector and increasing foreign investment. This growth has led to an increase in disposable income and a rise in the middle class, which is driving demand for better healthcare services. Furthermore, the government is implementing policies to attract more foreign investment in the healthcare sector, which is expected to further boost the growth of the Hospitals market in Paraguay.


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.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting 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.


  • Revenue
  • Analyst Opinion
  • Hospitals
  • Hospital beds
  • Global Comparison
  • Methodology
  • Key Market Indicators
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