Hospitals - Slovakia

Slovakia

In Slovakia, the revenue in the Hospitals market is forecasted to reach US$3.89bn in 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 3.59%, resulting in a market volume of US$4.64bn by 2029.
When compared globally, in the United States is projected to generate the highest revenue in the Hospitals market, amounting to US$1,501.00bn in 2024.
In terms of per person revenues, in Slovakia is estimated to generate US$682.40 in 2024.
Slovakia's hospital market is experiencing a surge in private investment, leading to improved infrastructure and enhanced healthcare services.

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

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Analyst Opinion

The healthcare industry in Slovakia has been rapidly growing over the past few years, with the Hospitals market being a significant contributor to this growth.

Customer preferences: The customers in Slovakia have been increasingly opting for high-quality healthcare services in recent times. They are looking for hospitals that offer state-of-the-art facilities and equipment, as well as highly qualified medical professionals. Additionally, customers have also been seeking out hospitals that offer specialized services such as cardiology, oncology, and neurology.

Trends in the market: One of the significant trends in the Hospitals market in Slovakia is the increasing number of private hospitals. These hospitals have been able to cater to the growing demand for high-quality healthcare services, which has led to increased competition in the market. Another trend is the rising popularity of medical tourism in Slovakia. The country's strategic location in Europe, combined with its advanced healthcare facilities, has made it an attractive destination for medical tourists from neighboring countries.

Local special circumstances: Slovakia has a relatively small population compared to other European countries, which has led to a limited number of hospitals in the country. However, the government has been taking steps to increase the number of hospitals and improve the quality of healthcare services. Additionally, the country has been investing heavily in its healthcare infrastructure, which has led to the development of several new hospitals.

Underlying macroeconomic factors: The growing demand for healthcare services in Slovakia can be attributed to several underlying macroeconomic factors. Firstly, the country has been experiencing steady economic growth, which has led to an increase in disposable income and higher spending on healthcare. Secondly, the aging population in Slovakia has led to a higher demand for healthcare services, particularly in the area of geriatric care. Finally, the government's focus on improving the healthcare infrastructure and services has also contributed to the growth of the Hospitals market in Slovakia.

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.