Acute Hospital Care Market Size to Hit US$ 4.10 trillion by 2030

According to Nova one advisor the global Acute Hospital Care market size was estimated at USD 2.10 trillion in 2021 and is expected to surpass around USD 4.10 trillion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 5.60% during the forecast period 2022 to 2030.

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The rapidly growing global geriatric population, rising prevalence of chronic diseases, and increasing disposable income are key factors propelling the industry’s growth. According to the United Nations estimates, in 2019, there were 703 million individuals above 65 years of age in the world. In addition, rising awareness about healthcare, advancing healthcare infrastructure & technologies, and favorable reimbursement policies are driving industry growth. It is estimated that by 2025, 49% of the population will be diagnosed with a chronic condition.

The rapidly growing geriatric population burdened by the rising prevalence of chronic diseases is one of the major factors driving the industry growth. Chronic diseases, such as Cardiovascular Disorders (CVDs), neurological disorders, cancer, diabetes, and hypertension, require frequent hospitalization on exacerbation of these underlying chronic conditions. The COVID-19 pandemic significantly impacted the existing healthcare systems across the globe and exposed shortcomings of the overburdened system, taking a significant toll on healthcare facilities and providers. In the early stages of the pandemic, healthcare facilities witnessed a shortage of Personal Protective Equipment (PPE), which threatened the health and well-being of medical professionals.

Moreover, the uneven distribution of healthcare facilities and resources in urban and rural areas multiplied the impact of the pandemic on the industry.In addition, healthcare utilization of non-COVID-19 patients decreased as a result of a variety of factors, including state & federal guidance intended to preserve needed hospital bed capacity while minimizing infection transmission, patient reluctance to receive in-person care, and shift to telehealth. North America accounted for the dominating revenue share due to the increased spending on health, favoring reimbursement policies, and strong government support. In Jan 2019, Tenet Healthcare signed a multi-year agreement with Cigna that will allow Cigna members access to Tenet Healthcare’s network of facilities.

Report Scope of the Acute Hospital Care Market

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Key Takeaways:

• By medical condition, the North America Acute Hospital Care market was valued at USD 1645.9 Billion in 2021 and expected to witness growth at a CAGR of 3.9% from 2022 to 2030.
• Based on medical conditions, the emergency care segment held the largest revenue share in 2021 due to a rise in the number of patients at hospitals seeking admission for shorter durations
• This includes cases of trauma, injury, respiratory disorders, or cardiac problems, such as acute myocardial infarction
• The NICU services segment is projected to witness the fastest CAGR from 2022 to 2030 due to the rising number of preterm births and increasing prevalence of respiratory distress among infants
• The general acute care facilities segment held the largest share in 2021 due to the majority of admission cases requiring short-term emergency medical attention
• Psychiatric hospitals offering acute psychiatric treatment to patients are expected to register the fastest CAGR over the forecast period
• This is attributed to the high prevalence of stroke due to the factors, such as an increase in smoking & alcohol consumption and poor lifestyle choices

Regional Insights

North America accounted for the largest revenue share in 2021 owing to the presence of adequate healthcare resources, well-established healthcare infrastructure, growing healthcare spending, and the rising prevalence of chronic disorders. Moreover, the government is introducing favorable initiatives to curb growing healthcare expenditure. According to CMS estimates in 2019, there are approximately 4,749 acute hospitals based in the U.S. Europe ranked second in terms of market value share in 2021 due to the improved funding and reimbursement framework implemented in several European countries.

The European healthcare system is challenged with short-term & long-term economic & financial restrictions, increasing the risk of chronic disorders, high demand for technological innovations, rising need for a skilled workforce, and the significant impact of the pandemic. Hospitals and healthcare facilities are transforming their business models from the hospital- & physician-centric to integrated models, wherein facilities would work in tandem with primary and community care. The Asia Pacific region is expected to register the fastest CAGR of 8.89% over the forecast period.

The rapid growth of this region can be attributed to the factors, such as advancements in healthcare technology, increasing healthcare expenditures, and the presence of a large patient population pool. Moreover, increased demand for acute care in countries, such as India, China, and South Korea, is expected to drive the expansion of the regional market in the years to come. The need for healthcare is being driven by an increase in the demand for high-quality equipment in the healthcare industry to diagnose and treat problems early.

Some of the prominent players in the Acute Hospital Care Market include:

• TH Medical (Tenet Healthcare Corporation)
• Fresenius Medical Care AG & Co. KGaA
• Ramsay Health Care
• Asklepios Kliniken GmbH& Co. KGaA
• Universal Health Services, Inc.
• Community Health Systems, Inc.
• Ascension
• IHH Healthcare Berhad
• Mediclinic International
• Lifepoint Health, Inc.
• Ardent Health Services

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Acute Hospital Care market

• Medical Condition
  • Emergency Care
  • Trauma Care
  • Acute Care Surgery
  • Short-term Stabilization
  • Others
• Facility Type
  • General Acute Care Hospitals
  • Psychiatric Hospitals
  • Specialized Hospitals
  • Rehabilitation Hospitals
  • Long-term Acute Care
• Service
  • Intensive Care Unit (ICU)
  • Neonatal Intensive Care Unit (NICU)
  • Coronary Care Unit (CCU)
  • Others

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

Objectives of the Study

• To define, describe, and forecast the Acute Hospital Care market based on type, technology, application, end user, and region
• To provide detailed information regarding the major factors influencing market growth (such as drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the size of the market segments with respect to five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa
• To profile key market players and comprehensively analyze their product portfolios, market shares, and core competencies
• To track and analyze competitive developments, such as product launches, expansions, acquisitions, agreements, and collaborations in the Acute Hospital Care market

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