Hospitals - Zambia

Zambia

In Zambia, the revenue in the Hospitals market is estimated to reach US$594.00m in 2024.
It is expected that the revenue will experience an annual growth rate (CAGR 2024-2029) of 6.05%, leading to a market volume of US$796.60m 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 Zambia is expected to generate US$28.11 in 2024.
Zambia's hospitals are grappling with a shortage of medical supplies, hindering their ability to provide quality healthcare services.

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

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Analyst Opinion

The healthcare industry in Zambia is rapidly developing, and the Hospitals market is no exception.

Customer preferences: Zambian customers are increasingly seeking high-quality healthcare services, which has led to an increase in the demand for private hospitals. The middle class, in particular, is willing to pay for better healthcare services and is driving the growth of private hospitals in the country.

Trends in the market: The Hospitals market in Zambia is witnessing a trend towards specialization. Hospitals are focusing on specific areas of healthcare, such as cardiology, oncology, and neurology, to differentiate themselves from their competitors. This trend is driven by the need to provide specialized care to patients and to attract more customers. Additionally, there is a growing trend towards the use of technology in healthcare, such as telemedicine and electronic health records, to improve the quality of care and increase efficiency.

Local special circumstances: The Zambian government is investing heavily in the healthcare sector to improve the overall health of the population. This investment has led to an increase in the number of hospitals and healthcare facilities in the country. Additionally, there is a shortage of healthcare professionals in Zambia, which has led to an increase in the number of foreign doctors and nurses working in the country.

Underlying macroeconomic factors: Zambia is a low-income country with a growing population, which has led to an increase in the demand for healthcare services. The country's GDP has been growing steadily over the past few years, which has led to an increase in disposable income and a willingness to pay for better healthcare services. Additionally, Zambia has a high burden of disease, particularly infectious diseases such as HIV/AIDS, which has led to an increase in the 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.