Acute Hospital Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Acute Hospital Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

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.

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. 

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
    • Others 
  • 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)
    • Others

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?