Acute Hospital Care Market Overview
Global acute hospital care market sizeis expected to exhibit a solid 7.8% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The acute hospital care market is mainly driven by the growing demand for emergency care systems. On the other hand, integration and compatibility issues are likely to be the key restraint for the global acute hospital care market over the forecast period.
Acute Hospital Care Market Competitive Analysis:
Leading players in the global acute hospital care market include National HealthCare Corp., PruittHealth, Kindred Healthcare Inc., Ardent Health Services, Vanguard Health System Inc., Tenet Healthcare Corp., Universal Health Services Inc., Community Health Systems LLC, and HCA Holdings Inc.
Leading players are likely to engage in new product development in terms of developing comprehensive acute care suites that can be easily integrated into a hospital’s existing system. Integration issues regarding the acute care system are the main reason for hospitals wanting to replace acute care suites with other services, leading to easy integrability becoming a major topic for manufacturers in the acute hospital care market.
Acute Hospital Care Market 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.
Acute Hospital Care Market Regional Analysis:
The global acute hospital care market is likely to be dominated by the Americas sector over the forecast period due to the growing number of patients in the region. The increasing patient demographic as well as the increasing healthcare expenditure in the region are likely to be the major drivers for the acute hospital care market in the Americas region over the forecast period. The North American market is likely to dominate global proceedings, with the US and Canada emerging as leading revenue generators for the acute hospital care market in the region. The widespread availability of advanced healthcare infrastructure in the Americas, and particularly North America, has enabled rapid growth of the acute hospital care market in the region. Advanced first aid services are available in North America at a large range of dispensation points, as well as being home to a number of large hospitals operating widespread networks, leading to easy availability of medical services in cases of emergencies or accidental trauma.
The U.S. is likely to dominate the global acute hospital care market over the forecast period due to the growing demand for acute care facilities in the region’s highly developed hospital infrastructure.
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Europe will hold the second largest share in the global acute hospital care market over the forecast period due to the growing healthcare infrastructure put in place by the governments in the region. The strong public healthcare infrastructure in Europe is likely to drive the demand from the acute hospital care market in the region over the forecast period. European consumers are also highly aware of their first responder duties, leading to more cases of accidents or other adverse events being reported and the victims in the case receiving assistance from locals. Developed countries such as Germany, France, and the UK are likely to be the major drivers for the acute hospital care market over the forecast period.
In August 2019, the UK announced a cash boost of GBP 1.8 billion to the NHS, in an effort to redevelop and improve up to 20 hospitals.
Asia Pacific is also likely to remain a highly influential market for the global acute hospital care market, with the region expected to exhibit the fastest growth rate over the forecast period. Increasing healthcare infrastructure development efforts in leading regional economies such as China and India are likely to be a major driver for the acute hospital care market in Asia Pacific over the forecast period.