Market Research Future published a research report on “Acute Hospital Care Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Scenario
The global acute hospital market is precited to expand at 7.8 % CAGR over the assessment period (2017-2023) owing to the presence of a large patient population, asserts Market Research Future (MRFR). Acute care is a branch of healthcare where patients are provided short-term treatment with medical conditions like bronchitis, pneumonia, flu, asthma attack, common cold, burn, broken bone, heart attack, and others. Services such as neonatal intensive care, cardiology, intensive care, coronary care, and others are included in acute hospital care.
Drivers and Restraints Impacting the Market
With the growing incidences for trauma injury and a large base of the patient population, unmet medical needs, and an increasing number of hospitals due to increasing healthcare expenditure in emerging economies is likely to propel the Acute Hospital Care Market during the forecast period. The geriatric population with acute diseases like cardiovascular diseases and viral infection is also likely to galvanize the market in the years to come. Moreover, a broken bone is a common injury and requires acute hospital care, which in turn is estimated to propel the market growth over the review period.
As per the American Academy of Allergy, Asthma & Immunology, asthma prevalence was 8.8 % among the adults during 2011-2014. Asthma was common among the adults with obesity compared to adults with normal weight and overweight.
On the flip side, the limited availability of equipment and facilities may hinder the market growth over the assessment period.
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Industry News
Directors of the Palm Drive Health Care District voted a 4-1 in a special meeting to accept an offer from Modesto-based American Advanced Management Group to replace the Sonoma West Medical Center team and convert the former Palm Drive Hospital to a long-term acute care facility with an urgent care center.
Key Players
Leading players profiled in the acute hospital care market include National HealthCare Corp. (U.S.), PruittHealth (U.S.), Kindred Healthcare, Inc. (U.S.), Ardent Health Services (U.S.), Vanguard Health System Inc. (U.S.), Tenet Healthcare Corp. (U.S.), Universal Health Services, Inc. (U.S.), Community Health Systems LLC (U.S.), HCA Holdings, Inc. (U.S.), and others.
Global Acute Hospital Care Market: Segmental Analysis
The global acute hospital care market has been segmented based on services, medical conditions, and region.
- By mode of medical condition, the global acute hospital care market is segmented into short-term stabilization, pre-hospital care, critical care, acute care surgery, trauma care, emergency care, and urgent care.
- By mode of services, the global acute hospital care market is segmented into cardiology, emergency department, coronary care, intensive care, and neonatal intensive care.
Regional Analysis
Geographically, the market for acute hospital care spans across America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, America is anticipated to dominate the global market for acute hospital care due to rising government support for research and development activities, well-developed technology, growing patient population, and high health care spending. Also, with the penetration of several market giants the market is expected to propel in this region over the review period.
Europe is predicted to hold the second position due to the availability of funds for research and government support for R&D activities. For instance, countries such as France and Germany are increasing their investment in the healthcare domain and emphasizing on hospital infrastructure.
Asia Pacific is also the fastest growing market due to the presence of a huge patient population, developing healthcare technology, and developing healthcare technology. Growing demand for acute hospital care in countries like South Korea and India are expected to emerge as the fastest growing market globally.
Meanwhile, the Middle East and Africa hold the least share due to less availability of funds, deprived political conditions in Africa, and limited medical facilities.
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Intended Audience
- Pharmaceutical and Biotechnological Companies
- Research and Development (R&D) Companies
- Ambulatory Care Centers
- Hospitals and Clinics
- Academic Institutes and Universities
- Market Research and Consulting Service Providers
- Potential Investors
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