HEALTHCARE SCENARIO OF NEPAL 2023

Are you planning to build or restructure or venture in Nepal? Looking for information about the major healthcare players in Government and Private centers that are available in India? Are you looking to find out which part of the city is best to venture into or what all facilities are available and what should be planned for the new setup? In this article, Hospaccx Healthcare Consultancy has mapped all on major players in terms of the healthcare scenario of Nepal.

Below is a superficial and macro-level survey. If you need a refined market and financial feasibility or any other study related to healthcare, you can contact Hospaccx Healthcare business consulting Pvt. ltd at hospaccx.india@gmail.com  Or you can visit our website on https://hospaccxconsulting.com/

INTRODUCTION

Nepal is a landlocked country in South Asia and is bordered by China and India. It is located in the Himalayas and contains eight of the world’s ten highest peaks. The government system is a federal parliamentary republic; the chief of state is the president, and the head of government is the prime minister. Nepal has a traditional economic system in which the majority of the population engages in subsistence agriculture, and the allocation of available resources is made based on primitive methods. Nepal is a member of the South Asian Association for Regional Cooperation (SAARC). The country’s health expenditure as a share of GDP is 4.5% of the total GDP.

PROJECTION OF REVENUE IN THE HEALTHCARE SECTOR

• Revenue in the Health Care segment is projected to reach US$790.40k in 2023.
• Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 40%, resulting in a projected market volume of US$1,717.00k by 2027.

HEALTHCARE EXPENDITURE IN NEPAL

Expenditure during the last decade is mostly driven by out-of-pocket spending which stands at 57.4 % of current health expenditure. High out-of-pocket expenditure implies financial hardship for Nepalese households and is reflective of inequitable access to healthcare services.

The Curative expenditure accounts for 32%, Chronic for 45%, and Preventive for 23%.

 HEALTH INFRASTRUCTURE

The country has a mixed health service delivery system, comprising the public sector, private for-profit sector, and nongovernmental organizations (NGOs). The Ministry of Health (MOH) serves rural, underserved populations; private providers, including NGOs and faith-based organizations (FBOs), predominantly serve urban populations.

MAJOR CHALLENGES FACED BY THE HEALTHCARE SECTOR

DISEASE BURDEN

• Nepal is experiencing a growing burden of non-communicable diseases (NCDs). It is estimated that non-communicable diseases such as cardiovascular disease, chronic respiratory diseases, cancers, and diabetes, accounted for 66% of all deaths. The NCD service gap is reflected in the fact that only 5 in 100 Nepalese with hypertension have their BP controlled and only 6% have blood sugar controlled.
• The five-year survival rate of childhood cancer is 40% and the treatment abandonment rate is 9%.
• The burden of communicable diseases such as TB, hepatitis and HIV is acute among poor and disadvantaged populations.

MAJOR HOSPITALS IN NEPAL

1. Kathmandu Medical Hospital

It is a medical school located in Kathmandu the capital city of Nepal. It was established in 1997 and has a capacity of 900 beds. According to the Kathmandu medical college ranking, the university is in the 1st position in the country of Nepal and is also on the world university ranking at 6543 positions.

2. Nepal Mediciti Hospital

It was established in 2017. It spans 15 acres of land with a capacity of 700+ beds, Nepal Mediciti is the largest private hospital with super specialty treatment services in Nepal. It covers a built-up area of over 600,000 sq. It is the 1st Hospital in Nepal Accredited by NABH International.

3. Grande International Hospital

It was established in 2011. It is a 200-bed multi-specialty hospital that provides preventive & curative healthcare services.

4. Nobel Hospital

It was established in 2004 and is affiliated with Kathmandu University. It is situated in Biratnagar, one of the major academic hubs of the eastern part of Nepal. It has a capacity of 314 beds.

5. National Medicare Hospital & Research Centre

It was established in 1990 and has a capacity of 300 beds.

CONCLUSION

The healthcare scenario in Nepal faces various challenges but has seen improvements over the years. The country has made progress in increasing access to healthcare services, reducing child and maternal mortality rates, and expanding healthcare infrastructure. However, Nepal still grapples with several issues. The healthcare system faces significant disparities in terms of access, quality, and affordability, particularly between urban and rural areas. Limited healthcare facilities, shortage of healthcare professionals, and inadequate medical equipment and supplies remain major challenges.

Despite progress, there is still work to be done to ensure universal access to quality healthcare in Nepal. Continued investment in healthcare infrastructure, addressing workforce shortages, and improving healthcare financing is essential for the country to achieve sustainable and equitable healthcare for all its citizens.

Above is the superficial and macro level study for in-depth market and financial feasibility studies or any other healthcare-related research needs, please feel free to reach out to us at +91-8655170700 or email us at hospaccx.india@gmail.com  . Our team is equipped to provide comprehensive and detailed insights tailored to your specific requirements.

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