Hospitals - Portugal

Portugal

The projected revenue in the Hospitals market in Portugal is expected to reach US$12.21bn in 2024.
The market is expected to grow at an annual growth rate of 5.50% (CAGR 2024-2029), resulting in a market volume of US$15.96bn by 2029.
When comparing in Portugal to other countries globally, in the United States is projected to generate the highest revenue in the Hospitals market, reaching US$1,501.00bn in 2024.
In terms of per capita revenue, in Portugal is expected to generate US$1.19k per person in 2024.
The hospital market in Portugal is experiencing a surge in demand for telemedicine services due to the increasing need for remote healthcare access.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The healthcare sector in Portugal has been developing at a steady pace over the past few years. The Hospitals market in Portugal has been a significant contributor to this growth.

Customer preferences: The Portuguese population has been showing an increasing preference for private healthcare services. This has resulted in a rise in the number of private hospitals in the country. Patients are willing to pay more for better facilities and shorter waiting times. The demand for specialized treatments has also been on the rise, leading to the growth of hospitals that cater to specific medical conditions.

Trends in the market: The Hospitals market in Portugal has been witnessing a trend towards consolidation. Larger hospital chains have been acquiring smaller hospitals, leading to the creation of larger healthcare groups. This trend has been driven by the need to achieve economies of scale and to improve the quality of services offered. Another trend in the market has been the adoption of technology. Hospitals have been investing in digital technologies to improve patient care and to reduce costs. This has led to the development of telemedicine and remote monitoring services, which have become increasingly popular in the wake of the COVID-19 pandemic.

Local special circumstances: Portugal has a rapidly ageing population, which has resulted in an increase in the demand for healthcare services. The government has been investing in the healthcare sector to meet this demand. The country also has a significant tourism industry, which has led to the growth of medical tourism. Many private hospitals in Portugal offer specialized treatments to international patients, which has become an important source of revenue for the sector.

Underlying macroeconomic factors: The Portuguese economy has been recovering from the global financial crisis, which had a significant impact on the healthcare sector. The government has been investing in the sector to improve healthcare infrastructure and to meet the growing demand for services. The country has also been attracting foreign investment, which has led to the growth of private hospitals. The healthcare sector in Portugal is expected to continue growing in the coming years, driven by an ageing population and increasing demand for healthcare 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 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.