Acute Hospital Care Market Share was valued at USD 2.7 billion in 2022 and is projected to grow from USD 2.8 Billion in 2023 to USD 4.25 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.7% during the forecast period (2023 - 2030). The burgeoning healthcare sector led by improving economic conditions worldwide is predominantly driving the growth of the market.
The acute hospital care market is growing pervasively mainly due to the growing number of specialty care units such as coronary care, intensive care, and neonatal intensive care among others. Similarly, factors such as the increasing prevalence of chronic diseases such as cancer, diabetes, heart disease, and stroke are escalating the market on the global platform, creating a huge demand for acute care units.
Major Players:
Top players operating in the global acute hospital care market include Community Health Systems LLC (U.S.), Universal Health Services, Inc. (U.S.), HCA Holdings, Inc. (U.S.), Vanguard Health System Inc. (U.S.), Ardent Health Services (U.S.), Tenet Healthcare Corp. (U.S.), PruittHealth (U.S.), National HealthCare Corp. (U.S), and Kindred Healthcare, Inc. (U.S.) among others.
Acute Hospital Care Market Segments
By Medical Condition : Urgent care, emergency care, short-term stabilization, acute care surgery, trauma care, and others.
By Services: intensive care, coronary care, cardiology, emergency department, neonatal intensive care, and others.
By Regions: North America, Europe, Asia Pacific, and Rest-of-the-World.
Global Acute Hospital Care Market – Geographical Analysis
The acute hospital care market outlook in the North American region accounts for the dominating market, globally, heading with its well-established healthcare sector. Furthermore, the availability of well-developed technologies, increasing patient population, and growing government support for R&D are some of the major driving forces behind the growth in the market.
Canada and the U.S. among other North American countries are technologically well developed and hold the largest share in the acute hospital care market in the region. Furthermore, factors such as the increasing number of hospitals ambulatory centers drive the market growth in the region. Massive funding from public as well as private sectors alongside the concentration of major companies fuels the growth of the market in this region.
The European region heading with the well-penetrated healthcare sector holds the second-largest share in the acute hospital care market. Increasing investment in the healthcare domain in the well-developed countries such as Germany and France are increasing the size of the market,
Moreover, strong government support & funds alongside the growing demand for better healthcare services are some of the key factors helping the market to register phenomenal growth. The resurging economy in Europe is playing a vital role in the growth of the market, making the high cost of treatment affordable and increasing per capita income in this region.
Furthermore, factors such as the increasing demand for acute hospital care in countries like India and South Korea are impacting the growth of the regional market positively. The increasing number of patients suffering from chronic diseases coupled with the rapidly surging economy in the region propels the market growth in the region, improving the healthcare infrastructure, rapidly.
Global Acute Hospital Care Market – Competitive Analysis
The well-established acute hospital care market appears to be fragmented due to the presence of several large and small players. These players incorporate strategic initiatives such as collaborations, acquisitions, partnerships, and expansions to gain an edge over their competitors and thus to maintain their position in the market. Keeping in mind the therapeutic areas with a high rate of unmet clinical needs, these players assess areas that need further development over the progress that has already been made.
Enormous growth potential demonstrated by the market attracts several new entrants, intensifying the competition. However, these new players find it challenging to cope with the competition, especially in terms of improving the technology. Top players also invest substantially in R&D and clinical trials to develop effective treatments and therapeutics.
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