Global Acute Hospital Care Market: Overview
The global acute hospital care market is anticipated to grow tremendously during the forecast period. The reason for this is attributable to the increasing cases of chronic pain and growing number of patient volumes needing acute care. The rising geriatric population and unmet medical needs in developing countries have also contributed to the market’s growth. The market also gains its strength from the rising need for emergency care.
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The increasing number of patient population and rising expenditure on healthcare has prompted TMR Research analysts to conduct a comprehensive research on the global acute hospital care market. In its latest offering, TMR details out the key drivers, restraints, challenges, and opportunities in the market. It further highlights the how the market’s growth has shaped up throughout the forecast period.
Global Acute Hospital Care Market: Notable Developments and Competitive Analysis
The acute hospital care market is highly competitive with large number of new players proliferating then global market. Moreover, the regional players in the market are vying in the direction of expanding their global footprints through the development of advanced technologies. Leading companies functioning in the market are also deploying strategies such as mergers and acquisitions to strengthen their foothold in the market. Some of the notable developments in the acute hospital care market are listed below:
- In February 2019, U.S.-based HCA Healthcare completed the acquisition of Mission Health, a six hospital system based in western North Carolina. This acquisition was aimed at gaining access to the consumer pool in North Carolina. This transaction helped Mission Health to secure special protection for their rural community and created the largest per capita foundation in the country.
- In December 2017, Legacy Lifepoint Health, Inc. through its joint venture with Duke Lifepoint Healthcare acquired acute healthcare hospitals and 14 ancillary facilities. Union Health Services Inc. acquired a 109 bed behavioral health facility for children, adolescents and adults. and two outpatient clinics in Gulfport.
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Prominent companies operating in the global acute hospital care market include:
- Tenet Healthcare Corporation
- Ramsay Healthcare
- Fresenius Medical Care
- Asklepios Kliniken GmbH
- HCA Healthcare, Inc.
- Universal Health Services, Inc.;
- Community Health Systems, Inc.
Global Acute Hospital Care Market: Key Drivers
The increasing number of deaths because of cardiovascular diseases is a leading contributor to the acute hospital care market’s growth. According to the Heart Foundation, CVD accounts for nearly 17 million deaths per year. The emergency care segment in particular is the leading contributor to the market’s growth due to rising prevalence of communicable diseases. Furthermore, favorable healthcare policies and easy reimbursement have been highly instrumental in supplementing the global acute hospital care market’s growth.
Global Acute Hospital Care Market: Regional Analysis
In terms of region, North America holds the leading share in the global acute hospital care market. This is mainly because of the presence of numerous leading players and development of advance acute hospital care facilities. The rising disposable income and rising cases of chronic pain and depression have also contributed to the market’s growth in this region. U.S. is the major contributor to the market’s growth in this region due to the presence of consumer-driven health plans and the presence of large number of acute hospital care facilities. The market in Asia Pacific is also anticipated to grow at a promising pace during the forecast period due to rising cases of CVD and advancements in healthcare infrastructure.
The global acute hospital care market is segmented as:
- Medical Condition Outlook
- Emergency Care
- Short-term Stabilization
- Trauma Care
- Acute Care Surgery
- Facility Type Outlook
- General Acute Care Hospitals
- Psychiatric Hospitals
- Specialized Hospitals
- Rehabilitation Hospitals
- Long-term Acute Care
- Service Outlook
- Intensive Care Unit (ICU)
- Neonatal Intensive Care Unit (NICU)
- Coronary Care Unit (CCU)
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