Acute care is a branch of health care in which short-term treatment is provided to patients with medical conditions such as severe injury and recovery from surgery. Acute conditions such as asthma attack, broken bone, bronchitis, burn, common cold, flu, heart attack, pneumonia, and others require treatment in acute hospital care. Various services are included in acute hospital care such as coronary care, intensive care, neonatal intensive care, cardiology, and others. The acute care market growth is majorly attributed due to the rising incidences of trauma injury, the presence of a large base of the patient population, increasing number of hospital, unmet medical needs in emerging economies. Moreover, the geriatric population having acute diseases are projected to boost the market growth over the forecast period.
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According to the American Academy of Allergy, Asthma & Immunology, during 2011-2014, asthma prevalence was 8.8% among all adults. During this period, asthma was more common among adults with obesity (11.1%) compared with adults in normal weight (7.1%) and overweight (7.8%) people.
As per reports from American Academy of Orthopedic Surgeon, broken bones are a common injury i.e an average of 6 million people in the U.S is likely to break a bone each year. Most of these broken bones heal without problems. However, about 300,000 patients are slow to heal or do not heal at all with traditional methods. Since broken bone is a common problem, it needs acute hospital care, Therefore, it is estimated to fuel the market growth during the forecast period.
However, limited availability of facilities and equipment may hamper the market growth during the forecast period.
The global acute hospital care market is expected to grow at a CAGR of ~7.8% during the forecast period 2017-2023.
Drivers and Restraints Impacting the Market
With the growing incidences for trauma injury and a large base of the patient population, unmet medical needs, and an increasing number of hospitals due to increasing healthcare expenditure in emerging economies is likely to propel the acute hospital care market during the forecast period. The geriatric population with acute diseases like cardiovascular diseases and viral infection is also likely to galvanize the market in the years to come. Moreover, a broken bone is a common injury and requires acute hospital care, which in turn is estimated to propel the market growth over the review period.
As per the American Academy of Allergy, Asthma & Immunology, asthma prevalence was 8.8 % among the adults during 2011-2014. Asthma was common among the adults with obesity compared to adults with normal weight and overweight.
On the flip side, the limited availability of equipment and facilities may hinder the market growth over the assessment period.
Global Acute Hospital Care Market: Segmental Analysis
The global acute hospital care market has been segmented based on services, medical conditions, and region.
By mode of medical condition, the global acute hospital care market is segmented into short-term stabilization, pre-hospital care, critical care, acute care surgery, trauma care, emergency care, and urgent care.
By mode of services, the global acute hospital care market is segmented into cardiology, emergency department, coronary care, intensive care, and neonatal intensive care.
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Geographically, the market for acute hospital care spans across America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, America is anticipated to dominate the global market for acute hospital care due to rising government support for research and development activities, well-developed technology, growing patient population, and high health care spending. Also, with the penetration of several market giants the market is expected to propel in this region over the review period.
Europe is predicted to hold the second position due to the availability of funds for research and government support for R&D activities. For instance, countries such as France and Germany are increasing their investment in the healthcare domain and emphasizing on hospital infrastructure.
Asia Pacific is also the fastest growing market due to the presence of a huge patient population, developing healthcare technology, and developing healthcare technology. Growing demand for acute hospital care in countries like South Korea and India are expected to emerge as the fastest growing market globally.
Meanwhile, the Middle East and Africa hold the least share due to less availability of funds, deprived political conditions in Africa, and limited medical facilities.
Directors of the Palm Drive Health Care District voted a 4-1 in a special meeting to accept an offer from Modesto-based American Advanced Management Group to replace the Sonoma West Medical Center team and convert the former Palm Drive Hospital to a long-term acute care facility with an urgent care center.
Some of the key market players operating the global market for acute hospital care are Kindred Healthcare Inc. (U.S.), HCA Holdings Inc. (U.S.), PruittHealth (U.S.), Community Health Systems LLC (U.S.), National HealthCare Corp.(U.S.), Universal Health Services Inc. (U.S.), Vanguard Health System Inc. (U.S.), Ardent Health Services (U.S.), Tenet Healthcare Corp. (U.S.), and more.
Detailed Table Of Contents
1. Report Prologue
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
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