Outpatient Care - South Africa

South Africa

The Outpatient Care market in South Africa is expected to witness significant growth in the coming years.
According to projections, the revenue is anticipated to reach €1.85bn in 2024.
This growth is further expected to continue at a Compound Annual Growth Rate (CAGR) of 3.24% from 2024 to 2029, resulting in a market volume of €2.17bn by the end of 2029.
When compared globally, it is worth noting that United States will generate the highest revenue in the Outpatient Care market.
In 2024, United States is projected to generate a revenue of €690.60bn.
In South Africa, the outpatient care market is experiencing a surge in demand due to the increasing prevalence of chronic diseases.

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

Marché

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Comparaison de régions

Monnaie

Analyst Opinion

The Outpatient Care market in South Africa has been experiencing steady growth in recent years.

Customer preferences: One of the main reasons for this growth is the increasing demand for healthcare services in the country. With a growing population and an increasing prevalence of chronic diseases, more people are seeking medical attention. The convenience and affordability of outpatient care services have made them a popular choice for many South Africans.

Trends in the market: In recent years, there has been a trend towards the use of technology in outpatient care. This includes the use of telemedicine and mobile health applications, which allow patients to receive medical advice and treatment remotely. The COVID-19 pandemic has accelerated this trend, as more people are looking for ways to access healthcare without leaving their homes. Additionally, there has been a trend towards the consolidation of outpatient care providers, with larger companies acquiring smaller ones in order to expand their reach and increase their market share.

Local special circumstances: South Africa has a large private healthcare sector, which is more developed than the public sector. This has led to a two-tiered healthcare system, with those who can afford it accessing private healthcare services, while the majority of the population relies on the public sector. However, the private sector has also been affected by the economic downturn in the country, with many people unable to afford private healthcare services. This has led to an increased demand for affordable outpatient care services.

Underlying macroeconomic factors: The South African economy has been struggling in recent years, with high levels of unemployment and low economic growth. This has had a knock-on effect on the healthcare sector, with many people unable to afford healthcare services. However, the government has been working to improve the healthcare system, with a focus on increasing access to healthcare services for all South Africans. This includes the implementation of the National Health Insurance (NHI) scheme, which aims to provide universal healthcare coverage to all South Africans. While the implementation of the NHI has been slow, it is expected to have a positive impact on the healthcare sector in the long term.

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.