The Global Acute Hospital Care Market size is expected to reach $3573.3 Billion by 2025, rising at a market growth of 7.04% CAGR during the forecast period. Acute care is a unit of secondary health care wherein patients receive active but short-term treatment for severe injury or illness episode, an urgent medical condition, or while a patient recovers from surgery. Acute health care services are generally provided by medical teams from a variety of medical and surgical fields. Acute care may involve hospital, ambulatory and emergency care facilities or other short-stay facilities, together with diagnostic facilities, surgery, or outpatient follow-up in the community.
Global Acute Hospital Care Market Size (in $ Billion)
The growth in the geriatric population has increased the demand for acute curative services that are responsive to life-threatening emergencies, chronic illness acute exacerbation, and several routine health problems that require sudden action. Emergency interventions and services are integrated with public health measures and primary care to complete health systems. Several hospitals often witness elderly patients who have severe and frequent disease issues, a higher risk of iatrogenic injury at the time of hospital admission, and greater baseline vulnerability. Such issues often lead to longer and more frequent hospitalizations. Complication and frailty rates of this population segment highlight the essentiality of hospital-based programs that include education and screening for cognitive and functional impairments. Such programs help in determining the risk and required additional care and services during hospitalization and discharge.
Global Acute Hospital Care Market Share
Based on Medical Condition, the market is segmented into Emergency Care, Short-Term Stabilization, Trauma Care, Acute care surgery and Other Conditions. Based on the Facility Type, the market is segmented into General Acute Care Hospitals, Psychiatric Hospitals, Specialized Hospitals, Rehabilitation Hospitals and Long Term Acute Care (LTAC). Based on Services, the market is segmented into Intensive Care Unit (ICU), Neonatal Intensive Care Unit (NICU), Coronary Care Unit (CCU) and Other Services. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Acute Hospital Care Market Cardinal Matrix
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Fresenius Medical Care AG & Co. KGaA, HCA Healthcare, Inc., Ramsay Health Care Pty Ltd., and Universal Health Services, Inc. (Ardent Health Services) are some of the forerunners in the Acute Hospital Care Market. HCA Healthcare has taken over Mission Health for delivering high quality patient care. Universal Health has acquired The Danshell Group for expanding into new geographical areas and entering into new services. Fresenius has acquired Guangzhou KangNiDaiSi Medical Investment Co., Ltd. in order to expand its business in China.
Companies such as Ascension Health, Inc., Tenet Healthcare Corporation, Mediclinic International PLC, and Asklepios Klioiken GmbH & Co. KGaA are some of the key innovators in Acute Hospital Care Market. Tenet has acquired United Surgical Partners International (USPI) from Welsh, Carson, and Anderson & Stowe (WCAS) in order to enhance its medical facilities. Ascension has signed a contract with Centene in order to form a joint venture company for offering Medicare advantage to multiple markets. Mediclinic has expanded its reach to Brandwacht, Stellenbosch by opening a new acute hospital which has greater capacity and delivers high quality patient care.
» Expansions:
» Acquisitions:
» Partnerships, Collaborations and Agreements:
Market Segmentation:
By Medical Condition
By Facility Type
By Services
By Geography
Companies Profiled
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