Acute Hospital Care Market Size, Share & Trends Analysis Report By Medical Condition (Emergency Care, Trauma Care), By Service (ICU, NICU), By Facility Type (Psychiatric, Specialized Hospitals), And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the acute hospital care market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for acute hospital care market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of acute hospital care market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Acute Hospital Care Market Categorization:

The acute hospital care market was categorized into four segments, namely medical condition (Emergency Care, Trauma Care, Acute Care Surgery, Short-term Stabilization), facility type (General Acute Care Hospitals, Psychiatric Hospitals, Specialized Hospitals, Rehabilitation Hospitals, Long-term Acute Care), service (Intensive Care Unit, Neonatal Intensive Care Unit, Coronary Care Unit), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The acute hospital care market was segmented into medical condition, facility type, service, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The acute hospital care market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; Japan; China; India; Australia; Brazil; Mexico; South Africa; Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Acute hospital care market companies & financials:

The acute hospital care market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• TH MEDICAL (TENET HEALTHCARE CORPORATION) - TH Medical is a diversified healthcare services company. At the regional level, the company focuses on integrated healthcare delivery networks in the U.S. As of December 2020, the company operated 60 hospitals and 550 other healthcare facilities, which include urgent care centers, ambulatory surgery centers, surgical hospitals, imaging centers, off-campus emergency departments, and micro-hospitals in the U.S.

• FRESENIUS MEDICAL CARE AG & CO. KGAA - Fresenius Medical Care AG & Co. KGaA (Fresenius) is a provider of services and products for the treatment of renal diseases. The company provides treatment for more than 344,000 patients at its 4,000 dialysis centers globally. It is also a manufacturer of dialysis products such as dialyzers, dialysis machines, and related disposables, and operates 44 production sites globally. In the U.S., Fresenius operates a dialyzer and dialyzes machine manufacturing plant in Utah and California, respectively. The company partners with Renal Research Institute, New York for chronic kidney failure-related clinical research.

• RAMSAY HEALTHCARE - Ramsay Health Care (Ramsay) is a provider of healthcare through a network of research, clinical practice, and teaching. The company has a global network extending across 10 countries catering to eight million patients over 460 locations. The company is focused on maintaining the highest standards of quality and safety.

• ASKLEPIOS KLINIKEN GMBH & CO. KGAA - Asklepios Kliniken GmbH & Co. KGaA is a provider of digital healthcare services. The company has 170 facilities with a capacity of more than 26,500 beds catering to around 2 million patients annually. It owns a majority stake in MediClin AG which operates 8 medical care centers, 34 clinics, and 7 care homes providing care in 11 German states. The company also provides care to COVID-19 patients, treating around 93,657 people at their inpatient facilities.

• UNIVERSAL HEALTH SERVICES, INC. - Universal Health Services (UHS), Inc. is one the highly respected & largest providers of hospital & healthcare services in the U.S., Europe, and Asia Pacific. Universal Health Services has 400 adult care hospitals, ambulatory centers, and behavioral health facilities in the U.S., the UK, and Puerto Rico. The company started with behavioral health services in the year 1983. The services since then have advanced and grown over the years.

• HCA HEALTHCARE, INC - Hospital Corporation of America, also known as HCA Healthcare, Inc., is one of the leading health care services companies in the U.S. As of December 2020, the company operated 185 hospitals, which comprised 178 acute care hospitals, 5 psychiatric hospitals, and 2 rehabilitation hospitals. In addition, the company ran 121 freestanding surgery centers. HCA facilities are located in 20 states and in England. The hospitals provide a wide range of services for medical specialties, such as general surgery, internal medicine, cardiology, oncology, orthopedics, neurosurgery, and obstetrics, along with diagnostic & emergency services.

• COMMUNITY HEALTH SYSTEMS, INC. - Community Health Systems, Inc. operates general acute care hospitals. As of December 2020, the company owned, leased or operated 89 hospitals in 18 states with approximately 14,110 licensed beds, comprising 89 general acute care hospitals. The affiliated hospitals offer quality healthcare for residents and contribute to the economic development of their communities. Based on the requirements of communities, these hospitals offer a wide range of diagnostic, medical, and surgical services in inpatient and outpatient settings.

• ASCENSION - Ascension is a provider of healthcare services focused on transforming healthcare with innovations. As of December 2020, the company had more than 2,600 sites, that including 151 hospitals and more than 50 senior living facilities-in 21 states and the District of Columbia. The company offers a variety of services, including physician practice management, venture capital investing, biomedical engineering, clinical care management, information services, and risk management.

• IHH HEALTHCARE - IHH Healthcare is a healthcare service provider operating in 80 hospitals in 10 countries, including India, Turkey, Malaysia, Sri Lanka, and Singapore, among others, as well as in Central and Eastern Europe, North Africa, and Middle East regions. The company operates through eight brands providing an array of services, such as outpatient treatment, routine check-ups, local surgeries, acute treatment, complex surgeries such as organ transplants, and rehabilitation care, among others. It also provides medical education through one of its subsidiaries-International Medical University Malaysia (IMU).

• MEDCLINIC INTERNATIONAL - Mediclinic International is a provider of healthcare services with presence in United Arab Emirates, Southern Africa, and Switzerland. The company operates around 74 hospitals, 5 subacute hospitals, 20 outpatient clinics, and 19 day-case clinics as of September 2021. It operates through three divisions- Hirslanden Switzerland, Mediclinic Southern Africa, and Mediclinic Middle East.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Acute Hospital Care Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Acute Hospital Care Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.