The
global Acute Hospital Care
Market is
expected to reach USD 4.0 trillion by 2026, according to a new report by Grand
View Research, Inc., exhibiting a CAGR of 6.7% over the forecast period. Market
growth can be attributed to a significant increase in number of patients
suffering from chronic diseases such as cancer, diabetes, heart disease, and
stroke. Increase in incidence of trauma, demand for acute hospitals; patient
volume, including, geriatric demographic; and unmet medical needs is expected
to boost growth. In addition, technological advancements for improving quality
of treatment to reduce Length of Stay (LOS) and achieve a faster Turnaround
Time (TOT) are expected to aid growth.
Rise
in demand for such hospitals is likely to create opportunities for players.
Large hospitals are further addressing the increase in demand by building more
facilities. These include HCA Healthcare, Inc.; Tenet Healthcare Corporation;
& Community Health Systems, Inc. in the U.S. and Fresenius Medical Care
& Ramsay Healthcare in Europe.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/acute-hospital-care-market
https://www.grandviewresearch.com/industry-analysis/acute-hospital-care-market
Further key findings from the study suggest:
- Based on
medical conditions, emergency care dominated the market in 2018, due to
increase in number of patients at hospitals seeking admission for shorter
durations. This includes cases of trauma, injury, respiratory disorders,
or cardiac problems such as acute myocardial infarction.
- Furthermore,
availability of higher reimbursement for treatment, when compared with
other facilities, supports segment growth
- Based on
facilities, general acute care facilities held the largest share in 2018,
due to majority of admission cases requiring short-term emergency medical
attention.
- Patients
suffering from acute illnesses, diseases, or injuries are first admitted
to these facilities
- Psychiatric
hospitals offering acute psychiatric treatment to patients are expected to
grow at the fastest rate over the forecast period. This can be attributed
to the increase in prevalence of stroke due to risk factors such as increase
in smoking & alcohol consumption and poor lifestyle choices
- ICUs
dominated the service segment in 2018, owing to increase in number of
patients seeking intensive monitoring and round-the-clock nursing.
- Hospitals
are investing in specialized ICUs for specific issues pertaining to
cardiology and surgical & medical needs. NICU is expected to be one of
the fastest growing segments over the forecast period
- The acute
hospital care market has recently experienced expansion of facilities
through mergers & acquisitions by key players, which, combined various
services, increased overall market revenue
- Some key
players are Tenet Healthcare Corporation; Fresenius Medical Care; Ramsay
Healthcare; Asklepios Kliniken GmbH; Universal Health Services, Inc.; HCA
Healthcare, Inc.; Community Health Systems, Inc.; Ascension Health; IHH
Healthcare; Mediclinic International; Legacy Lifepoint Health, Inc.; and
Ardent Health Services
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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