Hospitals - Sweden

Sweden

The Hospitals market in Sweden is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is anticipated to reach US$26.80bn SEK by 2024.
This indicates a positive trend and reflects the increasing demand for healthcare services in the country.
Looking ahead, it is predicted that the market will continue to expand at an annual growth rate of 3.75% between 2024 and 2029.
This will lead to a market volume of US$32.22bn SEK by the end of 2029.
Such growth can be attributed to various factors, including advancements in medical technology, an aging population, and the increasing focus on healthcare infrastructure.
In comparison to other countries, in the United States is expected to generate the highest revenue in the Hospitals market, reaching a staggering US$1,501.00bn SEK in 2024.
This highlights the significant scale of the healthcare industry in the United States, which is known for its advanced medical facilities and high healthcare expenditure.
When considering the revenue generated per person, in Sweden is projected to have per person revenues of US$2.51k SEK in 2024.
This metric provides insights into the level of healthcare spending on an individual basis and reflects the country's commitment to providing quality healthcare services to its population.
Overall, the Hospitals market in Sweden is poised for growth, with substantial revenue projections and a positive outlook for the future.
Sweden's hospitals are known for their advanced technology, efficient healthcare system, and patient-centric approach.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Sweden, known for its high-quality healthcare system, has a strong and competitive hospitals market.

Customer preferences: Swedish patients value accessibility, affordability, and quality of healthcare services. Patients prefer hospitals that offer a wide range of services, such as emergency care, diagnostics, and specialized treatments. Additionally, patients prioritize hospitals that have a strong reputation for delivering high-quality care and positive patient outcomes.

Trends in the market: The Swedish hospitals market is experiencing a trend towards consolidation, with larger hospital groups acquiring smaller hospitals and clinics. This trend is driven by the need to improve efficiency, reduce costs, and increase access to specialized services. Additionally, the market is seeing an increase in the use of digital technologies and telemedicine, which allows for remote consultations and monitoring of patients. This trend is driven by the need to improve access to healthcare services, particularly in rural areas.

Local special circumstances: Sweden's aging population is a major factor driving the growth of the hospitals market. As the population ages, the demand for healthcare services increases, particularly for chronic disease management and long-term care. Additionally, Sweden has a strong tradition of public healthcare, with the government providing funding for healthcare services. This has led to a highly regulated healthcare system, with strict standards for quality of care and patient safety.

Underlying macroeconomic factors: Sweden's strong economy and high standard of living have contributed to the growth of the hospitals market. The country has a high GDP per capita, low unemployment, and a strong social welfare system. Additionally, Sweden has a highly educated population, with a strong emphasis on science and technology. This has led to a highly skilled healthcare workforce and a focus on innovation in healthcare delivery. Overall, the hospitals market in Sweden is expected to continue to grow as the population ages and demand for healthcare services increases.

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.