Acute Hospital Care Market Projected to Grow Radiantly by 2023; Asserts MRFR Unleashing Industry Forecast And Analysis
Aug 15, 2018
Acute Hospital Care Market Information: By Medical Condition (Emergency Care, Urgent Care, Short-Term Stabilization, Trauma Care, and Acute Care Surgery), Services (Coronary Care, Intensive Care, Neonatal Intensive Care) - Global Forecast till 2023
Pune, India - August 14, 2018 /MarketersMedia/ —
Market Scenario:
The acute hospital care market is growing mainly due to growing awareness about acute hospital care, and increase in healthcare infrastructure. According to a recent study report published by the Market Research Future, the acute hospital care market is booming and expected to gain prominence over the forecast period. The market is forecast to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
Acute hospital care includes inpatient and outpatient services such as, 24-hour emergency care, imaging/radiology, surgery and recovery, and cardio-pulmonary services.
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Due to presence of various market players in this region such as Healthcare Corporation of America, and Vanguard Healthcare Services, Inc., and high healthcare expenditure the Americas dominate the global acute hospital care market. According to the Centres for Disease Control and Prevention in 2015, the total health expenditure in the U.S. region was reported to be USD 3.2 trillion and hospital care accounted for a share of 32.3%.
Notably, increasing prevalence of minor injuries, and related complications, rising research and development expenditure are the primary drivers for acute hospital care market.
Other push factors such as, rising cases of diseases, and illness, increase in healthcare infrastructure, presence of a large base of the patient population, improvement in reimbursement policies, rising incidences of trauma injury, developing retail and pharmaceutical industries, unmet medical needs in emerging economies, and rapid advancements in medical product offerings are also fuelling the growth of the market.
Despite these drivers, limited availability of facilities and equipment, and poor healthcare system in low and middle-income countries, are expected to hinder the growth of the acute hospital care market during the forecast period.
The global acute hospital care market is expected to grow at a CAGR of ~7.8% during the forecast period 2017-2023.
Key players for Acute Hospital Care market
Some of key the players in the market are HCA Holdings, Inc. (U.S.), Community Health Systems LLC (U.S.), Universal Health Services, Inc. (U.S.), Tenet Healthcare Corp. (U.S.), Vanguard Health System Inc. (U.S.), Ardent Health Services (U.S.), Kindred Healthcare, Inc. (U.S.), PruittHealth (U.S.), National HealthCare Corp.(U.S.), and others.
Segmentation
The global acute hospital care market is segmented on the basis of medical condition and services.
On the basis of the medical condition, it is segmented into emergency care, urgent care, short-term stabilization, pre-hospital care, critical care, trauma care, and acute care surgery.
On the basis of the services, it is segmented into coronary care, intensive care, neonatal intensive care, cardiology, and emergency department.
Regional Analysis
The Americas dominate the global acute hospital care market owing to well-developed technology, increasing patient population, high health care spending, and increasing government support for research & development. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region.
Europe holds the second position in the global acute hospital care market owing to the government support for research & development and availability of funds for research. This is expected to continue to drive the European market over the forecasted period. For instance, developed economies such countries such as Germany and France are increasing investment in the healthcare domain and are focusing more on hospital infrastructure.
Asia Pacific is the fastest growing acute hospital care market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for acute hospital care in countries like India and South Korea are likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in the healthcare is projected to lead the use of advanced equipment, which, in turn, may increase the market growth in this region.
On the other hand, the Middle East & Africa holds the least share of the market owing to less availability of funds, limited medical facilities, and deprived political conditions in Africa.
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Detailed Table Of Contents
1 Report Prologue
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5 Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
...Continued
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About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Market Research Future
Email: [email protected]
Organization: Market Research Future
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For more information, please visit https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 393169
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