Outpatient Care - Asia

Asia

The Outpatient Care market in Asia is expected to witness significant growth in the coming years.
According to projections, the revenue is estimated to reach a staggering €314.60bn in 2024.
Moreover, it is anticipated that the market will continue to expand at a Compound Annual Growth Rate (CAGR) of 9.15% from 2024 to 2029, resulting in a market volume of approximately €487.30bn by the end of 2029.
When comparing the Outpatient Care market globally, United States is projected to generate the highest revenue, with an estimated amount of €690.60bn in 2024.
This indicates the dominance of the United States in this market.
In South Korea, the outpatient care market is experiencing rapid growth due to an aging population and increasing demand for accessible healthcare services.

Key regions: United Kingdom, Japan, China, Brazil, Canada

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Analyst Opinion

The Outpatient Care market in Asia has been experiencing significant growth over the past few years, driven by a number of factors.

Customer preferences: Customers in Asia are increasingly seeking more convenient and accessible healthcare options. Outpatient care facilities provide a more flexible and cost-effective alternative to traditional hospital care, which is often associated with long wait times and high costs. Patients are also increasingly looking for specialized care that is tailored to their specific needs, which outpatient care facilities are often better equipped to provide.

Trends in the market: The Outpatient Care market in Asia is experiencing significant growth, with many countries in the region investing heavily in the development of new facilities and services. China, for example, has seen a surge in the number of private outpatient clinics, while Japan has been investing in telemedicine technology to improve access to care in rural areas. In addition, there has been a growing trend towards the integration of technology in outpatient care, with many facilities implementing electronic health records and other digital tools to improve efficiency and patient outcomes.

Local special circumstances: Each country in Asia has its own unique healthcare system and set of challenges. For example, in India, the Outpatient Care market is largely driven by the private sector, as the public healthcare system is often overwhelmed and underfunded. In contrast, in Singapore, the government has been investing heavily in the development of new outpatient care facilities to meet the growing demand for healthcare services.

Underlying macroeconomic factors: The growth of the Outpatient Care market in Asia is also being driven by a number of underlying macroeconomic factors. For example, rising incomes and an aging population are leading to increased demand for healthcare services across the region. In addition, many governments in Asia are investing heavily in healthcare infrastructure as part of broader efforts to promote economic growth and development. Finally, the COVID-19 pandemic has highlighted the importance of accessible and affordable healthcare, driving further demand for outpatient care 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 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.