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Sep 8, 2020 2:00 PM ET

Acute Care Market size forecast to reach $214.3 billion by 2025




iCrowd Newswire - Sep 8, 2020

Acute Care Market size is forecast to reach $214.3 billion by 2025, growing at a CAGR of 6.8% during the forecast period 2020-2025. Acute care is a branch of secondary health care where a patient receives active but short-term treatment for a severe injury or episode of illness, an urgent medical condition, or during recovery from surgery. In medical terms, care for acute health conditions is the opposite from chronic care, or longer-term care. Growing demand of acute care after surgeries in hospitals, increase in incidences of trauma and improved efficiency of treatments from acute care are driving the market growth in recent years. In addition, major market development of key players like HCA Healthcare, Inc. and Universal Health Services are other factors driving the growth of the market.
Medical Condition – Segment Analysis
Emergency Care held the largest share in the medical condition segment of Acute Care Market in 2019 and is estimated to grow at a CAGR of 7.5% during the forecast period 2020-2025. Frontline providers manage children and adults with medical, surgical and obstetric emergencies, including injuries and infections, heart attacks and strokes, asthma and acute complications of pregnancy. Prioritizing an integrated approach to early recognition and resuscitation reduces the impact of all of these conditions. Increasing focus on taking care of patient has led to demand of emergency care vastly. Availability of reimbursement policies has further aided the growth of this segment. Trauma Care held the second largest share in 2019, owing to their effectiveness in reducing the likelihood of death or permanent disability to injured patients. Short-Term Stabilization is set to be the fastest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025, owing to its benefits like psychiatric medical evaluation, medically monitored crisis support and intervention and 24-hour nursing care.
Services – Segment Analysis
Intensive Care Units (ICUs) holds the major share in the source segment of Acute Care Market in 2019. ICUs are created in order to look after the welfare of patients that need ventilators, blood pressure support and medication, cutting edge treatments and close monitoring by doctors and other healthcare staff. It is hardly the case that everyone admitted to the ICU is on the verge of losing their battle to survive. These advantages have driven the demand of this segment. Neonatal Intensive Care Unit (NICU) is forecast to grow at the fastest rate with the highest CAGR during the forecast period 2020-2025, owing to demand for better and safer services to babies born, especially during the times of some pandemics like COVID-19.
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Geography – Segment Analysis
North America dominated the geography segment of Acute Care Market with a share of more than 43.6% in 2019, followed by Europe. Presence and newer innovation of well-developed technology, increasing patient population, greater incidences of cardiovascular diseases, high health care investments, increasing government support for digital services and key developments by market players have helped in the growth of Acute Care Market infrastructure. Europe held the second place in the geography segment share of the market, owing to well-developed healthcare infrastructure and presence of well-developed healthcare infrastructure in this region.
However, Asia-Pacific is estimated to grow at the fastest rate at a higher CAGR during the forecast period 2020-2025. This is owing to increasing investments by government in healthcare infrastructure, entry of new market players in the region and increasing disposable income of the population.
Drivers – Acute Care Market
  • Growing demand of acute care after surgeries
The realistic delivery of an acute care surgery model requires a dedicated hospital-based service that provides comprehensive care for all general surgical emergencies over a defined period of time (usually 7-day intervals). Unlike in the U.S., in Canada this structured approach is entirely inclusive. All general surgeons, regardless of their personal subspecialty training, are included. The Canadian experience recognizes and values the enormous contributions from “nontrauma” specialists who care for emergency surgical patients in all hospitals, whether community or academic, metropolitan or rural.
  • Increasing prevalence of cardiovascular disease fatalities
Cardiovascular diseases (CVDs) are the number 1 cause of death globally, taking an estimated 17.9 million lives each year. CVDs are a group of disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, rheumatic heart disease and other conditions. Four out of 5CVD deaths are owing to heart attacks and strokes, and one third of these deaths occur prematurely in people under 70 years of age, and this is projected to drive the Infusion Market growth during the forecast period 2020-2025.
Challenges – Acute Care Market
  • Limited availability of skilled workers
Technical and medical skills are required for ICUs and other acute care units. However, at present, limited educational resources and training organizations have led to a shortage of skilled technicians and nurses. Thus, it is anticipated to hamper the market growth during the forecast period 2020-2025.
Acute Care Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Acute Care Market. In 2019, Acute Care Market share is consolidated by the top players present in the market. Acute Care Market top 10 companies are HCA Healthcare, Inc., Tenet Healthcare Corporation, Community Health Systems, Inc., Fresenius Medical Care, Ramsay Healthcare, Legacy Lifepoint Health, Inc., Universal Health Services, Inc., Ascension Health, IHH Healthcare and Zander scientific Inc. among others.

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Acquisitions/Product Launches
  • In February 2019, HCA Healthcare, Inc. completed the acquisition of Mission Health, with which HCA planned to build a hospital for inpatient behavioral health in Asheville.
  • In February 2018, Universal Health Services, Inc. acquired a 109-bed behavioral health care facility in Gulfport, Mississippi.
  • In December 2017, Legacy Lifepoint Health, Inc. acquired ancillary facilities and acute care hospitals through its joint venture with Duke Life Point Healthcare.
Key Takeaways
  • North America dominated the Acute Care Market in the year 2019 owing to well-developed technology, increasing patient population, high health care investments, increasing government support for digital services and key developments by market players. The Acute Care Market scope for different regions will be provided in the final report.
  • Increasing prevalence of cardiovascular disease fatalities, growing demand of post treatment care and government enforcements in medical units for acute care have helped in significant growth of Acute Care Market.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Acute Care Market report.
  • Limited availability of skilled workers are anticipated to hamper the market growth of the Acute Care Industry.
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