Market Size: Luxury Clinics Germany
Unfortunately, we were unable to find precompiled data or statistics on the luxury clinic market size in Germany. Although we were instructed not to provide examples of these clinics, as our last option, we thought it was necessary as it would help us get an estimate of luxury clinic market size. Below are the strategies we used in our attempt to address the question.
We started by searching for readily available precompiled information on Luxury clinics market size. We leveraged on reports published on IEDM, Euro Peristat, IMF, Med Gadget, Research Gate, NCBI, Euro Monitor, Statista, OECD, and PR Newswire many more. Most of these report provided analysis on the overall healthcare system in Germany with no information or statistics on luxury clinic market. Statista, for instance, offers a report on how communications and information technologies support health and health-related fields and also provides the e-health market size though the statistics are not accessible due to a paywall. Research gate, on the other hand, offers an analysis of the German health care system highlighting health financing, health reforms, the health system performance among others but does not mention the luxury hospitals/clinics. Also, the report published on MEI is on quality healthcare services provided by German hospitals which aid patients in selecting the right facility for treatment thus improving transparency as patients are empowered. Besides, the report on PR Newswire provides analysis and market size for the Healthcare system and medical device but does not provide the market size for luxury clinics or hospitals.
We then shifted our focus to search for precompiled information on clinics that exclusively serve patients with private insurance which would give us a great lead to number luxury clinics. We also based our argument on the fact that the wealthy population has private insurance. By identifying the hospital's clinics, we leveraged on sources like Expactica, AETNA, NCBI, Health Management among others. None of these sources provided us with information that would relate to luxury clinics. However, we noted that according to NCBI, a minority of the German population is covered by private health insurance. The source also points out that patients in Germany have a choice of a health service provider regardless of their insurance status. Hence, individuals with private insurance can access any private or public health service provider.
Our third strategy was to look for statistics and reports on the number of hospitals in Germany that serve high-class international patients. During the search, we found sources like International Travel Medical Journal that provides insights on medical tourism in Germany. Two hundred fifty-five thousand people from 177 countries receive medical treatment in Germany. The country gets more than 1.2 million euros from medical tourism. But, this source has not defined whether international patients are high class or not. Thus, we cannot rely on the data in presenting the market size for luxury clinics. Another source that we explored is International Citizens which has a list of international German hospitals for expatriates. However, the information from this source is not adequate to define the market size for luxury clinics in Germany.
Although it was requested that examples of hospitals should not be given, and therefore we steered clear of creating a list of examples, it was necessary to attempt to arrive at the market size. Therefore, to identify as many hospitals as possible that fit the criteria, we classified luxury hospitals as those with state of the art equipment, high-end accommodations and amenities, and high quality, customizable dining among others.
To keep track of the data, we went further to compile our findings in the attached spreadsheet. From our findings, nine hospitals met this criterion. Some hospitals have more than one facility in different locations across Germany.
CALCULATION FOR NUMBER OF LUXURY CLINIC FACILITIES
To get an estimate of the total number of facilities, we added all the facilities from each hospital. i.e, (100+1+1+1+1+1+1+100+212)=418 facilities.
CALCULATION FOR NUMBER OF HOSPITAL BEDS IN LUXURY CLINICS
We also added the number of beds from each hospital.
(1300+3011+20+51+1599+573+655)= 7209. Note that we were unable to find data on the hospital bed for some hospitals. Therefore, we believe that there are more than 7209 beds in luxury clinics in Germany.
- According to Statista, there were 497.2 hospital beds in 2017.
- Russia, the United Arab Emirates, and Saudi Arabia provide the highest number of international patients in German hospitals.
- Berlin is a popular destination for medical tourism.
- In addition to generating additional income, International patients prefer accommodations of high quality, and they also utilize additional services.