Inpatient Care - India

India

In India, the Inpatient Care market is anticipated to witness a significant increase in revenue, with projections indicating a staggering value of US$33.26bn by the year 2024.
Moreover, it is expected that the market will continue to thrive and exhibit a consistent annual growth rate (CAGR 2024-2029) of 7.92%.
This growth trajectory is forecasted to contribute to a substantial market volume of US$48.69bn by 2029.
When compared on a global scale, it is noteworthy that United States is poised to generate the highest revenue in the Inpatient Care market, with an estimated value of US$731.40bn in 2024.
This demonstrates the dominance of the United States in this market.
India's inpatient care market is experiencing a surge in demand due to a growing population and increasing healthcare needs.

Key regions: United States, Germany, Brazil, United Kingdom, Japan

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Analyst Opinion

India has been experiencing a significant growth in its healthcare industry, and the Inpatient Care market is not an exception.

Customer preferences: Indian customers are becoming more aware of the importance of healthcare and are willing to invest in it. Inpatient care is becoming more popular due to the increasing number of chronic diseases and the aging population. Patients prefer this type of care because it offers a more comprehensive approach to treatment and allows for closer monitoring by medical professionals.

Trends in the market: The Inpatient Care market in India is experiencing a shift towards the adoption of technology. Hospitals are investing in electronic health records (EHRs), telemedicine, and other digital tools to improve patient care and streamline operations. Additionally, medical tourism is becoming more popular in India, with patients from other countries seeking affordable, high-quality medical care.

Local special circumstances: India has a large population, and the healthcare system is still developing. This has led to a shortage of healthcare professionals, especially in rural areas. Additionally, there is a lack of infrastructure and resources, which can make it difficult to provide quality care to all patients. However, the government has been taking steps to address these issues, such as investing in medical education and increasing healthcare spending.

Underlying macroeconomic factors: India's economy has been growing steadily, and this has led to an increase in disposable income and healthcare spending. Additionally, the government's focus on healthcare has led to the implementation of policies and initiatives to improve the quality and accessibility of healthcare services. The Inpatient Care market 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 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.