Hospitals - Uzbekistan

Uzbekistan

The Hospitals market in Uzbekistan is expected to achieve a revenue of US$1.59bn by 2024.
It is projected to grow at an annual growth rate of 12.38% (CAGR 2024-2029), resulting in a market volume of US$2.85bn by 2029.
When compared globally, in the United States is anticipated to generate the highest revenue of US$1,501.00bn in 2024.
In terms of per capita figures, in 2024, each person in Uzbekistan is expected to generate a revenue of US$44.69.
The hospital market in Uzbekistan is experiencing a significant growth in infrastructure development, with new state-of-the-art facilities being built across the country.

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

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Analyst Opinion

The healthcare industry in Uzbekistan has been growing steadily over the years.

Customer preferences: Uzbekistan is experiencing a shift in customer preferences from traditional medicine to modern healthcare services. This shift has been driven by an increase in the awareness of the benefits of modern healthcare services and the availability of affordable healthcare services. Patients are now more inclined to seek medical attention from hospitals that offer modern healthcare services.

Trends in the market: One of the notable trends in the hospitals market in Uzbekistan is the increasing demand for specialized medical services. Hospitals that offer specialized medical services such as cardiology, oncology, and neurology are experiencing a surge in demand. This trend can be attributed to an increase in the prevalence of chronic diseases in the country. Additionally, there is an increasing trend towards medical tourism, with patients from neighboring countries seeking medical attention in Uzbekistan.

Local special circumstances: Uzbekistan has a well-developed healthcare system, with a large number of hospitals and medical facilities. However, there is a shortage of trained medical personnel, which has resulted in a high patient-to-doctor ratio. This shortage is more pronounced in rural areas, where there are fewer medical facilities and doctors. Additionally, the government has been investing heavily in the healthcare sector, with a focus on improving the quality of healthcare services and expanding access to healthcare services.

Underlying macroeconomic factors: The healthcare industry in Uzbekistan is being driven by several underlying macroeconomic factors. One of the key drivers is the country's growing population, which has resulted in an increase in demand for healthcare services. Additionally, the government's focus on improving the healthcare sector has resulted in an increase in investment in the sector. The country's strategic location, which makes it a hub for medical tourism, has also contributed to the growth of the hospitals market. Finally, the country's stable political environment and favorable business climate have attracted foreign investors, which has led to an increase in the number of hospitals and medical facilities in the country.

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.