Acute Hospital Care Market
Market Highlights
Hospital-based acute inpatient care has the objective of discharging patients as soon as they attain healthy and stable medical condition and usually, acute care includes an emergency department, coronary care, intensive care, and others.
Acute care involves evaluating and treating sudden or unexpected injuries and illnesses. Acute care facilities provide care for patients who have sustained life-threatening injuries or who have conditions that may lead to deteriorating health status.
During the last few years, the acute care has changed the treatment scenario due to increasing number of patients suffering from different acute diseases such as appendicitis, acute leukemia, and strep throat have increased the demand for different treatments in the market. Moreover, well-developed technology has supported the growth of the market in this region.
Over the last decade, the number of hospitals has increased to a great extent, which has influenced the growth of the market positively. Moreover, increasing demand for better treatment and changing reimbursement policies have fueled the market growth.
The global Acute Hospital Care Market is expected to grow at a CAGR of ~7.8% during the forecast period 2017-2023.
Regional Analysis
The Americas dominate the global acute hospital care market owing to the presence of huge patient population, high health care spending, and increasing government support for research & development.
Europe holds the second largest share of the global acute hospital care market as result of increasing focus of various government agencies on the treatment of acute conditions such as asthma attack, broken bone, bronchitis, burn, common cold, flu. Moreover, the growing number of acute care hospital is likely to boost the European market.
Asia Pacific is the fastest growing acute hospital care market across the globe. Japan holds the major share of the regional market due to the availability of advanced technology and huge healthcare spending. Moreover, rapidly developing the economy, increasing healthcare expenditure, and the government’s initiatives for research & development are projected to drive the market in China and India over the forecasted period.
The Middle East and Africa hold the least share of the global market due to limited availability of medical facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market. Whereas the African region is expected to witness a moderate growth.
Key Players
Some of key the players in the market are HCA Holdings, Inc. (U.S.), Community Health Systems LLC (U.S.), Universal Health Services, Inc. (U.S.), Tenet Healthcare Corp. (U.S.), Vanguard Health System Inc. (U.S.), Ardent Health Services (U.S.), Kindred Healthcare, Inc. (U.S.), PruittHealth (U.S.), National HealthCare Corp.(U.S.), and others.
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Segmentation
The global acute hospital care market is segmented
on the basis of medical condition and services.
On the basis of the medical condition, it is segmented into emergency care, urgent care, short-term stabilization, pre-hospital care, critical care, trauma care, and acute care surgery.
On the basis of the services, it is segmented into coronary care, intensive care, neonatal intensive care, cardiology, and emergency department.
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