The Acute Hospital Care Market Size was valued at USD 2.7 billion in 2022 and is projected to grow from USD 2.8 Billion in 2023 to USD 4.84 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.7% during the forecast period (2023 - 2032). The key market drivers boosting market growth are the rapidly expanding global elderly population, rising chronic disease prevalence, and rising disposable income.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The growing number of people suffering from acute sickness, as a result of severe alcohol and tobacco use, will add to the growing number of acute clinic care patients. The unhealthy way of life has increased the number of obese people, who are frequently more vulnerable to cardiovascular disorders such as heart attacks and strokes, which are among the critical therapeutic conditions addressed in acute clinic treatment. The growing older population contributes significantly to the expanding number of acute healing center care patients. The increased usage of government healthcare to make pharmaceuticals available and inexpensive to citizens would also aid in the development of the Acute Hospital Care market revenue.
In 2019, around 48 million inpatient surgeries were conducted in the United States, with nearly 68% of these surgeries classed as elective and 32% classified as nonelective or emergency. According to a study published in The Lancet, around 313 million surgical procedures are performed worldwide each year, with approximately 143 million of these procedures being emergency procedures. Thus, the rising acute diseases has enhanced the market CAGR across the globe in the recent years.
The Market segments of Acute Hospital Care, based on Medical Condition, includes Acute Care Surgery, Emergency Care, Trauma Care, Urgent Care, Critical Care, Short Term Stabilization, And Prehospital Care. The Emergency care segment held the majority share in 2022 contribution to around ~65-67% in respect to the Acute Hospital Care Market revenue. Factors such as the rising prevalence of communicable infections among patients, the rising burden of trauma injuries and burn cases, and the rise in the incidence of cardiovascular disorders are driving demand.
The Acute Hospital Care Market segmentation, based on Service, includes Emergency Department, Coronary Service, Cardiology Intensive Care, And Neonatal Intensive Care. The Emergency department segment has the biggest market share during the projection period. Factors such as the rising prevalence of communicable infections among patients, the rising burden of trauma injuries and burn cases, and the rise in the incidence of cardiovascular disorders are driving demand. Trauma injuries are serious physical injuries that require immediate medical attention when they occur unexpectedly. According to the American Society for the Surgery of Trauma, it is the greatest cause of death among those aged 1 to 45, and the fourth largest cause of death overall. According to the group, over 3.0 million non-fatal injuries occur in the United States each year, resulting in over 150,000 deaths. Furthermore, according to the CDC, traumatic brain injury is the leading cause of disability and death in the United States, accounting for 30.0% of all injury-related deaths. As a result, a significant number of cases of disability and mortality due to trauma is expected to drive market expansion.
FIGURE 1: ACUTE HOSPITAL CARE MARKET, BY SERVICE, 2022 & 2030 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. North America Acute Hospital Care Market dominated due to expanding patient population, well-developed technology, increased government support for Research & Development (R&D), and high spending on health care expense. Additionally, increased research and development activities, as well as the concentration of significant market competitors, have fueled market expansion in this region.
Rising healthcare spending is another aspect positively influencing market dynamics. According to the American Medical Association, healthcare spending in the United States will increase by 9.7% in 2020, totaling USD 4.1 trillion, or nearly USD 12,530 per capita. Furthermore, according to a similar source, healthcare spending would rise to 19.7% of total GDP in 2020, up from 17.6% in 2019. Furthermore, the increased incidence rate of burn cases in various U.S. states is driving the growth. According to US Fire Administration and NFIRS data, the national average of residential fire casualties was 6.2 deaths and 25.6 injuries per 1,000 fire events.
Furthermore, the COVID-19 pandemic boosted the demand for emergency medical services (EMS) goods in the United States. According to one NCBI study, COVID-19 had an indirect impact on the growth in emergency medical service calls for opioid usage or other cardiac events across the United States. Furthermore, according to a similar source's data, total EMS call volume grew by 23.3% in 2020. Leading players and service providers have implemented a variety of ways to meet expanding demand. For example, the Copenhagen EMS operator ran two emergency phone lines.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: ACUTE HOSPITAL CARE MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Acute Hospital Care market ranked second in terms of market value share due to government support for R&D and the availability of research funds. The aforementioned factor is expected to boost the European market during the study period. For example, wealthy countries such as France and Germany are investing heavily in healthcare, particularly in the expansion of hospital facilities. Further, the Germany market of Acute Hospital Care held the largest market share, and the France market of Acute Hospital Care was the fastest growing market in the European region
Apart from the aforementioned factors, Asia-Pacific Acute Hospital Care Market has the quickest growth rate over the analysis period due to rapid advancements in healthcare technologies, high healthcare expenditure, and a large patient population. Additionally, it is anticipated that rising demand for acute hospital care in nations like South Korea, China, and India will fuel market growth. The increased demand for superior equipment in the healthcare business to diagnose and treat problems early drives the need for acute hospital treatment. Moreover, China market of Acute Hospital Care held the largest market share, and the India market of Acute Hospital Care was the fastest growing market in the Asia-Pacific region.
Acute Hospital Care Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their services, which will help the market of Acute Hospital Care grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Acute Hospital Care industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The Acute Hospital Care market major player such as Emerus, Universal Health Services, Ascension Health, Tenet Healthcare Corporation, Adeptus Health Inc, Community Health System, Legacy Lifepoint Health, HCA Healthcare, Tenet Healthcare Corporation, and Others.
Universal Health Services (UHS) is a global healthcare management firm that operates acute care hospitals, behavioral health facilities, and ambulatory centers. The company was established in 1979 and is based in King of Prussia, Pennsylvania. In the United States, Puerto Rico, and the United Kingdom, UHS maintains over 350 institutions. Its hospitals provide a variety of treatments such as general and specialty surgical operations, emergency and trauma care, diagnostic services, laboratory and imaging services, and rehabilitation services. UHS also offers a comprehensive range of mental health services, such as substance abuse and addiction treatment, eating disorders, and mood disorders.
Ascension Health is one of the largest nonprofit healthcare organizations in the United States, serving patients in more than 20 states. The organization was established in 1999 and is headquartered in St. Louis, Missouri. Ascension operates approximately 150 hospitals and over 2,600 clinics, with a focus on providing patients with compassionate and customized care. Primary and specialty care, emergency and trauma care, surgery, diagnostic services, laboratory and imaging services, rehabilitation services, and hospice care are all available at its institutions.
Key Companies in the Acute Hospital Care market includes
Acute Hospital Care Industry Developments
January 2022:HCA Healthcare, one of the top hospital operators in the United States, said in January 2022 that it will purchase Agape Care Group, the largest hospice provider in the United States. HCA will be able to expand its services to include end-of-life care for patients as a result of the acquisition.
December 2021:Tenet Healthcare announced the acquisition of a controlling stake in Aspen Healthcare, a healthcare management firm that operates a network of hospitals and clinics in the United Kingdom. Tenet's international footprint will be expanded, and new growth prospects will be created as a result of the transaction.
February 2019:HCA Healthcare Inc. purchased Mission Health with the intention of constructing a facility in Asheville with 120 inpatient behavioural health beds. It also invested USD 232 million in mission health facilities and intended to develop a new hospital in Franklin, N.C. for Angel Medical Center.
North America
Europe
Asia-Pacific
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 2.7 billion |
| Market Size 2023 | USD 2.8 billion |
| Market Size 2030 | USD 4.84 billion |
| Compound Annual Growth Rate (CAGR) | 6.7% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018 - 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Medical Condition, Emergency Department, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Emerus, Universal Health Services, Ascension Health, Tenet Healthcare Corporation, Adeptus Health Inc, Community Health System, Legacy Lifepoint Health, HCA Healthcare, Tenet Healthcare Corporation, and Others. |
| Key Market Opportunities | Collaboration with other healthcare service providers |
| Key Market Dynamics | Growing and aging population Increasing prevalence of chronic diseases |
Acute Hospital Care Market Highlights:
Frequently Asked Questions (FAQ) :
The Acute Hospital Care Market size was valued at USD 2.7 Billion in 2022.
The global market is projected to grow at a CAGR of 6.7% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Emerus, Universal Health Services, Ascension Health, Tenet Healthcare Corporation, and Adeptus Health Inc.
The Emergency care segment dominated the market in 2022.
The Emergency department had the largest share in the global market.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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