Acute Hospital Care

Acute Hospital Care Market Size is Estimated to be US$ 4.58 Trillion by 2027 [150+ Pages Report] The global acute hospital care market size was valued at USD 2.77 Trillion in 2019.

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The acute hospital care market size in terms of value is projected to reach $ 4.58 trillion by 2027, at a CAGR of 6.5% between 2020 and 2027, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global acute hospital care market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global acute hospital care market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the acute hospital care industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Growth Factors

Increasing incidences of trauma, growing size of ageing patient,rising demand for acute care hospitals, and unmet medicinal necessities in developing countries are likely to drive the development of the market. Increasing number of hospitals, improvement in healthcare substructure, aged people suffering from acute sicknesses, rising pharmacological production,better-quality compensation strategies, and speedy progressions especially in the services and offerings of medicinal product propel the development of the acute hospital care market.

Regardless of above mentioned motivating factors, restricted availability of equipment and services combined with low quality healthcare organization mainly in the developing and under-developed nations may hamper the market over the duration of the forecast. Nonetheless, significant spending for the improvement of healthcare infrastructure in these nations is likely to propel the market growth over the forecast period.

Report Highlights

  • In 2019, North America dominated the global market due to increasing patient population, well-developed technology, and increasing government support for R&D
  • The Asia Pacific exhibits the fastest growth rate during the analysis period because of rapid development in healthcare technologies, high healthcare expenditure, and huge patient population
  • By medical condition, emergency care segment show its dominance in terms of revenue for the year 2019 and expected to have considerable growth during the forthcoming years
  • Short-term stabilization predicted to grow at the highest rate in the coming years due to various market players focusing on reducing the time of hospital stays
  • Based on facility type, general acute care hospital dominated the overall market as majority of patients are admitted due to short-term acute care
  • Psychiatric hospitals anticipated to witness profound growth over the analysis period owing to rising prevalence of heart stroke triggered by the disease oriented lifestyle
  • On the basis of services, Intensive Care Units (ICUs) held the largest value share owing to increasing number of patients that require intensive monitoring and care round the clock

Regional Snapshots

North America emerged as a global market leader in the year 2019 owing to its better market expenditure, superlative technical capacity, better investment capacity to treat people, and easy integration of various technologies. Increasing population is also a prime reason that broadened the market scope. The United States and Canada are the major countries that seek high growth in the number of hospitals along with their enhanced technical capability in the past few years.

Besides this, Europe captured the second leading market position with several countries showing huge interest on spending in the healthcare facilities and the development of hospitals. Developed economies like France and Germany projected to execute significant improvement in the hospital infrastructures that likely boost the market growth in the region.

On the other hand, the Asia Pacific market witnesses prominent growth over the analysis period owing to huge patient pool, high intake of healthcare technologies, and significant investment from emerging countries like Japan, India, China, South Korea, and other Asian countries. India and South Korea are also focusing to emerge as a medical tourism hub that impacts the market considerably. Advanced equipment is also paving their path in the market and are fetching in significant revenue.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global acute hospital care market are as follows:

  • Universal Health Services, Inc.
  • Tenet Healthcare Corporation
  • Community Health System
  • Tenet Healthcare Corporation
  • Legacy Lifepoint Health, Inc.
  • Hca Healthcare, Inc.
  • Ardent Health Services
  • Adeptus Health Inc.
  • Ascension Health
  • Emerus

Report Scope of the Acute Hospital Care Market

Report Coverage Details
Market Size USD 4.58 Trillion by 2027
Growth Rate CAGR of 6.5% from 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027
Segments Covered Vehicle Class, Architecture, Region
Companies Mentioned Universal Health Services, Inc., Tenet Healthcare Corporation, Community Health System, Tenet Healthcare Corporation, Legacy Lifepoint Health, Inc., Hca Healthcare, Inc., Ardent Health Services, Adeptus Health Inc., Ascension Health, and Emerus

Market Segmentation

By Facility Type

  • Psychiatric Hospitals
  • General Acute Care Hospitals
  • Rehabilitation Hospitals
  • Specialized Hospitals
  • Long-term Acute Care

By Medical Condition

  • Short-term Stabilization
  • Emergency Care
  • Acute Care Surgery
  • Trauma Care
  • Others

By Service

  • Intensive Care Unit (ICU)
  • Coronary Care Unit (CCU)
  • Neonatal Intensive Care Unit (NICU)
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the acute hospital care market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global acute hospital care market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for acute hospital care are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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