The global acute hospital care market size was valued at USD 2.4 trillion in 2018 and is expected to exhibit a CAGR of 6.7% over the forecast period. Its growth can be attributed to factors such as increasing inpatient volume at hospitals for acute care, increasing prevalence of chronic diseases, and favorable reimbursement available for the services through Medicare and Medicaid.
Increasing incidence of trauma, growing demand for acute care hospitals, increasing geriatric patient volume, and unmet medical needs in emerging economies are expected to boost the market growth. An increase in the prevalence of chronic diseases and inpatient volumes is prompting hospitals to actively work on reducing the Length of Stay (LOS) and Turnaround Time (TOT).
As hospital-based emergency rooms are becoming increasingly crowded-with wait times averaging 55 minutes-more patients enrolling in high-deductible health plans, demand for acute hospitals has intensified, especially for patients with severe conditions. The American Academy of Orthopedic Surgeons reported that in the U.S., bone fracture is a common injury and around 6 million people suffer from it every year.
Out of these, around 300,000 patients receive acute hospital care. Acute care provided at hospitals aims to help patients achieve healthy & stable medical conditions and discharge patients as soon as possible. According to WHO, around 80% of total deaths due to cardiovascular diseases occur in developing countries.
Such unmet medical needs in emerging economies are likely to propel the growth of the acute hospital care market. In Asia Pacific, improving healthcare infrastructure and increasing disposable income are facilitating an increase in the number of hospitals offering acute care. Similarly, an increase in healthcare expenditure in countries such as China and India offers a strong platform for growth in the region.
By medical condition, the market is segmented into emergency care, short-term stabilization, trauma care, acute care surgery, and others. Emergency care held the largest share in 2018. The increasing prevalence of communicable diseases among patients, the growing burden of trauma injuries & burn cases, and an increase in the incidence of cardiovascular diseases are some of the major factors driving the growth of this segment. Moreover, the availability of Medicaid and Medicare reimbursement for most related treatments is a major factor driving growth. The market for short-term stabilization is expected to grow at the fastest pace during the forecast period.
The large share of the emergency care segment can be attributed to a wide range of services being offered as emergency treatment at hospitals to patients suffering from life- or limb-threatening conditions. Life-threatening situations include acute myocardial infarction or heart attack, Cerebrovascular Accident (CVA) or stroke, extreme difficulty in breathing, severe bleeding, acute abdominal pain, poisoning, broken bones, severe allergic reactions, burns & lacerations, and trauma cases such as Traumatic Brain Injury (TBI). Limb-threatening emergencies include acute compartment syndrome and brachial artery aneurysm.
Based on facility type, the acute hospital care market is segmented into general acute care hospitals, psychiatric hospitals, specialized hospitals, rehabilitation hospitals, and long-term acute care facilities. General acute care facilities held the largest share, as the majority of admissions were due to short-term acute care. Patients suffering from acute illnesses, diseases, or injuries are first admitted to these hospitals.
Psychiatric hospitals, offering acute psychiatric treatment to patients, are expected to grow at the fastest rate over the coming years. The increasing prevalence of stroke due to predisposing factors such as smoking and an unhealthy lifestyle is a key factor driving this segment. Growing awareness about mental disorders in developing areas is expected to aid in the growth of this segment.
Based on services, the market is segmented into Intensive Care Units (ICUs), Neonatal Intensive Care Units (NICU), and Cardiac Care units (CCU) or Cardiac Intensive Care units (CICU). ICUs held the largest share, due to increasing patient volume seeking intensive monitoring and nursing round the clock.
More than 50% of patient admissions in acute care hospitals are to ICUs. In a few hospitals, there are dedicated ICUs for treating various conditions, such as cardiac disorders, surgical interventions, or medical emergencies. NICU is expected to be the fastest-growing segment due to the increasing incidence of premature births with improper breathing. In addition, growing preference for shorter hospital stays and intensive monitoring are key factors driving the market growth.
North America held the largest market share in 2018, owing to well-established acute hospitals and the presence of key players in the region. Factors such as technological advancements and high per capita healthcare expenditure & government support for R&D also act as key drivers.
The preference for consumer-driven health plans is increasing continuously in the global healthcare market. According to the American Hospital Association, there are around 6,210 hospitals in the U.S. with around 931,203 staffed beds. It was estimated that around 90% of all U.S. hospitals have acute care facilities.
Some of the key players are Tenet Healthcare Corporation; Fresenius Medical Care; Ramsay Healthcare; Asklepios Kliniken GmbH; Universal Health Services, Inc.; HCA Healthcare, Inc.; Community Health Systems, Inc.; Ascension Health; IHH Healthcare; Mediclinic International; Legacy Lifepoint Health, Inc.; and Ardent Health Services.
The market is also being driven through mergers & acquisitions undertaken by key players, which, when combined with various services, can increase the overall revenue of the market. In February 2019, HCA Healthcare, Inc. completed the acquisition of Mission Health, with which HCA planned to build a hospital for inpatient behavioral health in Asheville with 120 beds. In addition, it planned to build a new replacement hospital, Franklin, N.C., for Angel Medical Center and invest USD 232 million in Mission Health facilities.
Among others, Legacy Lifepoint Health, Inc. acquired 14 ancillary facilities and acute care hospitals through its joint venture with Duke Life Point Healthcare in December 2017. In the first quarter of 2018, Universal Health Services, Inc. acquired a 109-bed behavioral health care facility in Gulfport, Mississippi.
Report Attribute |
Details |
Market size value in 2020 |
USD 2.6 trillion |
Revenue forecast in 2026 |
USD 4.0 trillion |
Growth Rate |
CAGR of 6.7% from 2019 to 2026 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2026 |
Quantitative units |
Revenue in USD billion and CAGR from 2019 to 2026 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Medical condition, facility type, service, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; India; China; Japan; Australia; Brazil; Mexico; Saudi Arabia; South Africa |
Key companies profiled |
Tenet Healthcare Corporation; Fresenius Medical Care; Ramsay Healthcare; Asklepios Kliniken GmbH; Universal Health Services, Inc.; HCA Healthcare, Inc.; Community Health Systems, Inc.; Ascension Health; IHH Healthcare; Mediclinic International; Legacy Lifepoint Health, Inc.; Ardent Health Services |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, & country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global acute hospital care market report based on medical condition, facility type, service, and region:
Medical Condition Outlook (Revenue, USD Billion, 2015 - 2026)
Emergency Care
Short-term Stabilization
Trauma Care
Acute Care Surgery
Others
Facility Type Outlook (Revenue, USD Billion, 2015 - 2026)
General Acute Care Hospitals
Psychiatric Hospitals
Specialized Hospitals
Rehabilitation Hospitals
Long-term Acute Care
Service Outlook (Revenue, USD Billion, 2015 - 2026)
Intensive Care Unit (ICU)
Neonatal Intensive Care Unit (NICU)
Coronary Care Unit (CCU)
Others
Region Outlook (Revenue, USD Billion, 2015 - 2026)
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Italy
Spain
Asia Pacific
China
Japan
India
Australia
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
b. The global acute hospital care market size was estimated at USD 2.5 trillion in 2019 and is expected to reach USD 2.6 trillion in 2020.
b. The global acute hospital care market is expected to grow at a compound annual growth rate of 6.7% from 2019 to 2026 to reach USD 4.0 trillion by 2026.
b. North America held the largest market share in 2018 with almost 56%, owing to well-established acute hospitals and the presence of key players in the region.
b. Some of the key players operating in the telemedicine market include Tenet Healthcare Corporation; Fresenius Medical Care; Ramsay Healthcare; Asklepios Kliniken GmbH; Universal Health Services, Inc.; HCA Healthcare, Inc.; Community Health Systems, Inc.; Ascension Health; IHH Healthcare; Mediclinic International; Legacy Lifepoint Health, Inc.; and Ardent Health Services.
b. Key factors that are driving the market growth include increasing incidence of trauma, growing demand for acute care hospitals, increasing geriatric patient volume, and unmet medical needs in emerging economies.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent."
With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.