Market
Scenario:
Acute
care is a branch of health care in which short-term treatment is
provided to patients with medical conditions such as severe injury and recovery
from surgery. Acute conditions such as asthma attack, broken bone, bronchitis,
burn, common cold, flu, heart attack, pneumonia, and others require treatment
in acute hospital care. Various services are included in acute hospital care
such as coronary care, intensive care, neonatal intensive care, cardiology, and
others. The acute care market growth is majorly attributed due to the rising
incidences of trauma injury, the presence of a large base of the patient
population, increasing number of hospital, unmet medical needs in emerging
economies. Moreover, the geriatric population having acute diseases are
projected to boost the market growth over the forecast period.
According to the American Academy of
Allergy, Asthma & Immunology, during 2011-2014, asthma prevalence was 8.8%
among all adults. During this period, asthma was more common among adults with
obesity (11.1%) compared with adults in normal weight (7.1%) and overweight
(7.8%) people.
As per reports from American Academy of
Orthopedic Surgeon, broken bones are a common injury i.e an average of 6
million people in the U.S is likely to break a bone each year. Most of these
broken bones heal without problems. However, about 300,000 patients are slow to
heal or do not heal at all with traditional methods. Since broken bone is a
common problem, it needs acute hospital care, Therefore, it is estimated to fuel the market growth
during the forecast period.
However, limited availability of
facilities and equipment may hamper the market growth during the forecast
period.
The global acute hospital care market
is expected to grow at a CAGR of ~7.8% during the forecast period 2017-2023.
Key players for Acute
Hospital Care market
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.
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.
Regional Analysis
The Americas
dominate the global acute hospital care market owing to well-developed
technology, increasing patient population, high health care spending, and
increasing government support for research & development. Furthermore,
increased R&D activities and the concentration of major companies have
fuelled the growth of the market in this region.
Europe holds the second position in the global acute hospital care market owing to the government support for research & development and availability of funds for research. This is expected to continue to drive the European market over the forecasted period. For instance, developed economies such countries such as Germany and France are increasing investment in the healthcare domain and are focusing more on hospital infrastructure.
Asia Pacific is the fastest growing acute hospital care market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for acute hospital care in countries like India and South Korea are likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in the healthcare is projected to lead the use of advanced equipment, which, in turn, may increase the market growth in this region.
On the other hand, the Middle East & Africa holds the least share of the market owing to less availability of funds, limited medical facilities, and deprived political conditions in Africa.
Europe holds the second position in the global acute hospital care market owing to the government support for research & development and availability of funds for research. This is expected to continue to drive the European market over the forecasted period. For instance, developed economies such countries such as Germany and France are increasing investment in the healthcare domain and are focusing more on hospital infrastructure.
Asia Pacific is the fastest growing acute hospital care market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for acute hospital care in countries like India and South Korea are likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in the healthcare is projected to lead the use of advanced equipment, which, in turn, may increase the market growth in this region.
On the other hand, the Middle East & Africa holds the least share of the market owing to less availability of funds, limited medical facilities, and deprived political conditions in Africa.
BRIEF TABLE OF CONTENT
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
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