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Acute Hospital Care Market Analysis
The acute hospital care market is likely to grow at a 7.8% CAGR between 2017- 2023, according to the new report by Market Research Future (MRFR). Acute hospital care is a branch of healthcare industry that is considered for short-term treatment for addressing various medical conditions such as heart attack, flu, pneumonia, burn, bronchitis, common cold, asthma attack, broken bone, and others. The list of medical conditions also includes intensive care, neonatal intensive care, coronary care, and cardiology.
Various factors are adding to the acute hospital care market growth. According to the new MRFR report, such factors include the rising prevalence of chronic diseases, inpatient volumes prompting hospitals to work actively to reduce turnaround time and length of stay, and unmet medical needs, especially in emerging economies. Additional factors adding market growth include rising geriatric patient volume, burgeoning demand for acute care hospitals, rising incidence of trauma, and favorable reimbursement available through Medicaid and Medicare.
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On the contrary, the limited accessibility of equipment & facilities may limit the acute hospital care market growth over the forecast period.
Acute Hospital Care Market Segmentation
The MRFR report gives an inclusive segmental analysis of the global acute hospital care market report based on services and medical condition.
By medical condition, the global acute hospital care market has been segmented into acute care surgery, trauma care, pre-hospital care, urgent care, short-term stabilization, and emergency care. Among these, emergency care will lead the market over the forecast period.
By services, the global acute hospital care market has been segmented into the emergency department, intensive care, cardiology, coronary care, and neonatal intensive care.
Acute Hospital Care Market Regional Analysis
Based on the region, the global acute hospital care market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Among these, the Americas will lead the market over the forecast period. The concentration of key players, increased R&D activities, increasing support from the government for R&D, high healthcare spending, increasing patient population, and well-developed technology are adding to the global acute hospital care market growth in the region.
The global acute hospital care market in Europe is predicted to hold the second-largest share over the forecast period. The availability of funds for research and support from the government for R&D is adding to the growth of the acute hospital care market growth in the region. France and Germany have a maximum share in the market for focusing more on the hospital infrastructure and rising investments in healthcare.
The global acute hospital care market in the APAC region is predicted to grow at a fast pace over the forecast period. Growing demand for quality devices in healthcare, burgeoning demand for acute hospital care in South Korea and India, high healthcare expenditure, huge patient population, and rapidly developing healthcare technology are factors that are adding to the global acute hospital care market growth in the region.
The global acute hospital care market in the MEA will have the smallest share over the forecast period for deprived political conditions in Africa, limited medical facilities, and less availability of funds.
Acute Hospital Care Market Key Players
Leading players profiled in the global acute hospital care report include National HealthCare Corp. (U.S.), Tenet Healthcare Corp. (U.S.), Kindred Healthcare, Inc. (U.S.), PruittHealth (U.S.), Vanguard Health System Inc. (US), Community Health Systems LLC (U.S.),Ardent Health Services (U.S.), Universal Health Services, Inc. (U.S.), and HCA Holdings, Inc. (U.S.). Key players have encompassed several strategies to stay ahead in the competition and also cater to customers growing needs such as joint ventures, new product launches, partnerships, mergers and acquisitions, R&D, geographic expansions, contracts, and others.
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