U.S. Hospital Emergency Department Market Size, Share & Trends Report

U.S. Hospital Emergency Department Market Size, Share & Trends Analysis Report By Insurance Type (Medicare & Medicaid, Private), By Condition (Gastrointestinal, Cardiac, Infectious, Traumatic), And Segment Forecasts, 2020 - 2027

  • Published Date: Dec, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-4-68039-264-2
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 70

Report Overview

The U.S. hospital emergency department market size was valued at USD 142.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027. The major factor driving the growth of this market includes a rise in the number of visits to hospital Emergency Departments (EDs). According to a survey conducted by the Centers for Disease Control and Prevention (CDC), in 2016, there was an increase of around 7% in the number of ED visits compared to the previous year. It was observed that most of the emergency care (around 60%) was provided during non-business hours, making non-availability of less expensive options an important factor contributing to the high number of ED visits.

The U.S. hospital emergency department market size, by insurance type, 2016 - 2027, (USD Billion)

The indications treated at the hospital ED are of various categories, such as cardiology, neurology, gastroenterology, infectious diseases, and psychiatry. Increase in the incidence of such conditions is contributing to the high number of ED visits. Furthermore, growing geriatric population in the U.S. is contributing to the increasing emergency department visits, as the elderly often require emergency care.

Availability of insurance is also likely to boost the market growth. Many hospitals are adopting advanced technologies and tools, such as Artificial Intelligence (AI), to provide improved diagnosis and to expedite routine procedures, such as devising treatment plans and prescriptions for patients.

Insurance Type Insights

The private and others segment dominated the overall market in 2019 and accounted for the largest revenue share of more than 50%. Moreover, it is also expected to register the fastest growth during the forecast period owing to its advantages over the Medicaid and Medicare insurance coverage. For instance, a study observed that from 1996 to 2015, private insurance providers paid more for ED visits than Medicare or Medicaid. Medicare & Medicaid provide insurance for emergency health services. According to the CDC, around 40% of ED visits by individuals above the age of 65 years are by ambulance, which is covered by Part B Medicare. Part B Medicare is also applicable to air ambulance trips in an airplane or helicopter if care is required faster than ground transport can facilitate.

Condition Insights

The infectious segment dominated the market and held over 37% of the overall revenue share in 2019. It is also expected to be the fastest-growing segment during the forecast period primarily due to the rising cases of Covid-19. Moreover, medical conditions, such as influenza, pneumonia, Sexually Transmitted Infections (STIs), viral hepatitis, and measles, require emergency medical care. Measures are taken to keep a check on the hospital ED responses to infectious diseases.

The U.S. hospital emergency department market share, by condition, 2019 (%)

During 2015 and 2016, unannounced mystery patient drills were conducted to assess the ED’s abilities to identify and respond to patients with infectious diseases. The Covid-19 pandemic had a moderate impact on hospital emergency departments and for patients seeking care. A reduction in the number of patients visiting hospital EDs in the U.S. was observed in the initial few months of the pandemic. However, the rate of hospital admissions from the ED witnessed a rise due to increasing new cases of Covid-19; the highest increase in admission rates observed was 149.0%, in New York.

Key Companies & Market Share Insights

The market is characterized by the increasing focus of hospitals on the adoption of technologically advanced tools for facilitating improved emergency services to patients. Expansion of the existing EDs and partnering with providers of emergency service management are key strategies adopted by hospitals to tackle the problem of ED overcrowding. The market is highly competitive as hospitals are competing to provide better service and improved patient experience. The competition may affect financial and operational results. Service providers are aiming to obtain accreditations and certifications to increase their credibility among patients.

For instance, in May 2018, St. Joseph’s Health Geriatric Emergency Department received accreditation from the American College of Emergency Physicians (ACEP). The hospitals are also partnering with other organizations to improve their medical services. In March 2017, Clarion Hospital partnered with Allegheny Health Network Emergency Medicine Management to receive physician staffing for its ED. This is expected to intensify the market competition over the forecast period. Some key players in the U.S. hospital emergency department market are:

  • Parkland Health & Hospital System

  • Lakeland Regional Health

  • St. Joseph’s Health

  • Natchitoches Regional Medical Center

  • Schoolcraft Memorial Hospital

  • Clarion Hospital

  • USA Health

  • Baptist Health South Florida

  • Montefiore Medical Center

  • Lac+Usc Medical Center

U.S. Hospital Emergency Department Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 147.5 billion

Revenue forecast in 2027

USD 199.2 billion

Growth Rate

CAGR of 4.3% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD million/billion and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Insurance type, condition

Country scope

U.S.

Key companies profiled

Parkland Health & Hospital System; Lakeland Regional Health; St. Joseph’s Health; Natchitoches Regional Medical Center; Schoolcraft Memorial Hospital; Clarion Hospital; USA Health; Baptist Health South Florida; Montefiore Medical Center; Lac+Usc Medical Center

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Segments Covered in the Report

This report forecasts revenue growth at country level and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the U.S. hospital emergency department market report on the basis of insurance type and condition:

  • Insurance Type Outlook (Revenue, USD Billion, 2016 - 2027)

    • Medicare & Medicaid

    • Private & Others

  • Condition Outlook (Revenue, USD Billion, 2016 - 2027)

    • Traumatic

    • Infectious

    • Gastrointestinal

    • Psychiatric

    • Cardiac

    • Neurologic

    • Others

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