Kenya's hospital market tipped to hit Sh349 billion

Medics from Rapha Hospital in Eldoret City, Uasin Gishu County do free check up on members of the public who went to seek services at Eldoret Huduma Centre in Eldoret City on October 07, 2024. 

Photo credit: File | Nation Media Group

The value of Kenya’s hospital market is expected to hit Sh349 billion ($2.7billion) by 2029, from Sh239 billion ($1.85 billion), a new forecast showed, reflecting increasing demand for healthcare services.

The 45.95 percent jump forecast by the international research firm TechSci Research shows that Kenya's hospital market is expected to post a compound annual growth rate (CAGR) of 6.45 percent between 2023 and 2029.

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