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Hospitals in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 861 April 2024 Spotlight Report

Revenue

€1.3tr

2019-2024 2.2 %
2024-2029 X.X %

Employees

12m

2019-2024 1.0 %
2024-2029 X.X %

Businesses

10,465

2019-2024 1.0 %
2024-2029 X.X %

Wages

€XXX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Hospitals in Europe industry analysis

Low fertility rates, rising life expectancy and migratory patterns have contributed to the European population's growth and ageing. Rising demand for healthcare services hasn't been able to be matched by public hospitals as real terms budgets lag. Private hospitals have met this shortfall, catering to the rising number of people demanding expert and fast treatment. In the case of private hospitals and funding for public hospitals, hospital revenue growth is typically stable year-on-year, given the necessities of certain hospital services like accident and emergency, surgeries and maternity care. Over the five years through 2024, European hospitals' revenue is forecast to climb at a compound annual rate of 2.2% to reach €1,287.6 billion, including growth of 1.1% in 2024.

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Industry Statistics and Trends

Hospitals in Europe key trends

COVID-19 had widespread implications on hospitals.

 

Overcrowded hospitals, delayed surgeries and huge outlays in PPE and other COVID-19-related equipment were some of the major impacts the pandemic had on hospitals.

Increased adoption of tech will facilitate better patient care.

 

By adopting the latest tech innovations, healthcare professionals can automate certain tasks, leverage robotics to help with surgery, monitor and consult patients remotely, improving their workplace happiness and patient care.

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Hospitals in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Hospitals in Europe market size (2019-2024)

Industry revenue has grown at a CAGR of 2.2 % over the past five years, to reach an estimated €1.3tr in 2024.

Trends and Insights

COVID-19 PPE requirements put a huge dent in medical budgets

  • The COVID-19 pandemic inflicted a severe strain on hospitals in 2020 and 2021, with hundreds of thousands of Europeans passing prematurely due to the virus, while many others developed long COVID.

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Hospitals in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Tech integration will improve patient outcomes and raise throughput

  • Telecoms tech will be used for remote consultations, while remote patient monitoring will enable continuous tracking of vital signs, helping to boost the accessibility of healthcare and proactively managing chronic conditions.

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Revenue

€1.3tr

2019-2024 2.2 %
2024-2029 X.X %

Employees

12m

2019-2024 1.0 %
2024-2029 X.X %

Wages

€XXX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 1.0 % *
  • Job Growth

Top 5 Countries

    Bottom 5 Countries

      * CAGR values are for the years 2019-2024.

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      Biggest companies in the Hospitals in Europe

      Company
      Market Share (%)
      2024
      Revenue (€m)
      2024
      Profit (€m)
      2024
      Profit Margin (%)
      2024
      National Health Service
      172,851.0
      N/A
      N/A
      Sistema Nacional de Salud
      N/A
      N/A
      N/A
      Servizio Sanitario Nazionale
      N/A
      N/A
      N/A

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      Hospitals in Europe

      Products & Services Segmentation

      Industry revenue broken down by key product and services lines.

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      Top Questions Answered in this Report

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      What is the market size of the Hospitals industry in Europe in 2024?

      The market size of the Hospitals industry in Europe is €1.3tr in 2024.

      How many businesses are there in the Hospitals in Europe industry in 2024?

      There are 10,465 businesses in the Hospitals industry in Europe, which has grown at a CAGR of 1.0 % between 2019 and 2024.

      Has the Hospitals industry in Europe grown or declined over the past 5 years?

      The market size of the Hospitals industry in Europe has been growing at a CAGR of 2.2 % between 2019 and 2024.

      What is the forecast growth of the Hospitals industry in Europe over the next 5 years?

      Over the next five years, the Hospitals industry in Europe is expected to grow.

      What does the Hospitals in Europe include?

      Ordinary and planned surgery beds and Day-care and outpatient services are part of the Hospitals industry.

      How competitive is the Hospitals industry in Europe?

      The level of competition is moderate and increasing in the Hospitals industry in Europe.

      Related Industries

      This industry is covered in 37 countries

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      Table of Contents

      About this industry

      Industry definition

      Industry players provide medical, diagnostic and treatment services at both general and specialised hospitals. General hospitals include civilian and military hospitals, not-for-profit operations and university and prison hospitals. Specialised hospitals include mental health and substance abuse hospitals, hospitals for infectious diseases, maternity hospitals and sanatoriums.

      Related Terms

      InpatientOutpatientTeaching Hospital

      What's included in this industry?

      Ordinary and planned surgery bedsDay-care and outpatient servicesEmergency care bedsMaternity beds

      Companies

      National Health ServiceSistema Nacional de SaludServizio Sanitario Nazionale

      Industry Code

      ISIC 2006

      861 - Hospital activities in Europe

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      Performance

      Key Takeaways

      COVID-19 PPE requirements put a huge dent in medical budgets

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      Revenue Highlights

      Trends
      • Revenue
      • 2024 Revenue Growth
      • Revenue Volatility

      Employment Highlights

      Trends
      • Employees
      • Employees per Business
      • Revenue per Employee

      Business Highlights

      Trends
      • Businesses
      • Employees per Business
      • Revenue per Business

      Profit Highlights

      Trends
      • Total Profit
      • Profit Margin
      • Profit per Business

      Current Performance

      Charts
      • Revenue in the Hospitals in Europe industry (2011 -2029)
      • Employees in the Hospitals in Europe industry (2011 -2029)
      • Business in the Hospitals in Europe industry (2011 -2029)
      • Profit in the Hospitals in Europe industry (2011 -2029)
      Analysis

      What's driving current industry performance in the Hospitals in Europe industry?


      Outlook

      Analysis

      What's driving the Hospitals in Europe industry outlook?


      Volatility

      Analysis

      What influences volatility in the Hospitals in Europe industry?

      Charts
      • Industry Volatility vs. Revenue Growth Matrix

      Life Cycle

      Analysis

      What determines the industry life cycle stage in the Hospitals in Europe industry?

      Charts
      • Industry Life Cycle Matrix

      Products and Markets

      Highlights

      Trends
      • Largest Market
      • Product Innovation

      Key Takeaways

      Robotics offer ways to improve precision surgeries. Robotics can be leveraged to assist surgeons in performing invasive surgeries with high precision and speed.

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      Products and Services

      Charts
      • Products and Services Segmentation
      Analysis

      How are the Hospitals in Europe industry's products and services performing?

      Analysis

      What are innovations in the Hospitals in Europe industry's products and services?


      Major Markets

      Charts
      • Major Market Segmentation
      Analysis

      What influences demand in the Hospitals in Europe industry?


      International Trade

      Highlights

      • Total Imports into Europe
      • Total Exports into Europe
      Heat maps
      • Industry Concentration of Imports by Country
      • Industry Concentration of Exports by Country
      Data Tables

      Value and annual change (%) included

      • Number of Imports and Exports by European Country (2024)

      Geographic Breakdown

      Business Locations

      Heat maps
      • Share of Total Industry Revenue by Region (2024)
      • Share of Total Industry Enterprises by Region (2024)
      • Share of Total Industry Employment by Region (2024)
      • Share of Total Industry Wages by Region (2024)

      Industry Geographic Breakdown

      Data Tables

      Values and annual change provided for 37 European countries:

      • Revenue (2024)
      • IVA (2024)
      • Enterprises (2024)
      • Employment (2024)
      • Exports (2024)
      • Imports (2024)

      Competitive Forces

      Highlights

      Trends
      • Concentration
      • Competition
      • Barriers to Entry
      • Substitutes
      • Buyer Power
      • Supplier Power

      Key Takeaways

      Concentration depends on the presence of private hospitals. Hospitals are typically provided by government bodies, with hospitals centred in large population catchments. Therefore, concentration depends on how many private hospitals opt to locate within these areas.

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      Supply Chain

      Charts

      Buyer and supply industries

      Companies

      Market Share

      Charts
      • Industry Market Share by Company (2019-2024)

      Companies

      Data Tables

      Top 10 companies by market share:

      • Market share (2024)
      • Revenue (2024)
      • Profit (2024)
      • Profit Margin (2024)

      Data Tables
      • Countries of operation for National Health Service
      • Countries of operation for Sistema Nacional de Salud
      • Countries of operation for Servizio Sanitario Nazionale
      • Countries of operation for Fresenius SE & Co KGaA
      • Countries of operation for Asklepios Kliniken GmbH
      • Countries of operation for Ramsay Health Care
      • Countries of operation for Hirslanden AG
      • Countries of operation for Nuffield Health
      • Countries of operation for Med Life SA
      • Countries of operation for IASO Group

      External Environment

      Highlights

      Trends
      • Regulation & Policy
      • Assistance

      Key Takeaways

      Data regulations are tightening. In line with new data regulations like the EU's GDPR, hospitals are taking steps to bulletproof their data storage due to its highly sensitive nature, with blockchain a possibility that's being explored.

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      External Drivers

      Analysis

      What demographic and macroeconomic factors impact the Hospitals in Europe industry?

      Financial Benchmarks

      Highlights

      Trends
      • Profit Margin
      • Average Wage
      • Largest Cost

      Key Takeaways

      Narrow profitability encourages new partnerships to be explored. The majority of hospitals are run not-for-profit, with the majority of the rest averaging a very slender margin, leading to collaborations with private investors to revitalise sections and raise profit.

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      Cost Structure

      Charts
      • Share of Economy vs. Investment Matrix
      • Industry Cost Structure Benchmarks:
        • Marketing
        • Depreciation
        • Profit
        • Purchases
        • Wages
        • Rent
        • Utilities
        • Other
      Analysis

      What trends impact cost in the Hospitals in Europe industry?


      Key Ratios

      Data tables
      • IVA/Revenue (2014-2029)
      • Imports/Demand (2014-2029)
      • Exports/Revenue (2014-2029)
      • Revenue per Employee (2014-2029)
      • Wages/Revenue (2014-2029)
      • Employees per Establishment (2014-2029)
      • Average Wage (2014-2029)

      Country Benchmarks

      European Leaders & Laggards

      Data Tables

      Top and boottom five countries listed for each:

      • Revenue Growth (2024)
      • Business Growth (2024)
      • Job Growth (2024)

      European Country Performance

      Data Tables

      Rankings available for 37 countries. Statistics ranked include:

      • IVA/Revenue (2024)
      • Imports/Demand (2024)
      • Exports/Revenue (2024)
      • Revenue per Employee (2024)
      • Wages/Revenue (2024)
      • Employees per Establishment (2024)
      • Average Wage (2024)

      Structural Comparison

      Data Tables

      Trends in 37 countries benchmarked against trends in Europe

      • Concentration
      • Competition
      • Barriers to Entry
      • Buyer Power
      • Supplier Power
      • Volatility
      • Capital Intensity
      • Innovation
      • Life Cycle

      Key Statistics

      Industry Data

      Data Tables

      Including values and annual change:

      • Revenue (2014-2029)
      • IVA (2014-2029)
      • Establishments (2014-2029)
      • Enterprises (2014-2029)
      • Employment (2014-2029)
      • Exports (2014-2029)
      • Imports (2014-2029)
      • Wages (2014-2029)

      Methodology

      Where does IBISWorld source its data?

      IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

      Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

      IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

      To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.