Medical Industry Research

The research analyses 2018 financial data for more than 100 medical institutions classified across Categories I, II and III. The combined turnover of the analysed companies exceeds GEL 1.047 billion, total assets amount to GEL 2.247 billion, and aggregate profit before tax reaches GEL 81 million. The report also reviews trends in hospitals and medical centres, hospital beds, physicians and nursing personnel, average length of hospital stay, leading market players and industry financial ratios. It notes that 26 companies ended 2018 with a loss, indicating a competitive operating environment. The publication serves as a historical sector benchmark for medical organisations, investors and financial managers assessing the scale and financial profile of Georgia's healthcare market.