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Significant Increase In Patients Suffering From Chronic Diseases Is Driving The U.S. Acute Hospital Care Market Growth

The U.S. acute hospital care market size is expected to reach USD 2,635.6 billion by 2030 and is expected to expand at a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Significant increase in the number of patients suffering from chronic diseases such as cancer, diabetes, heart disease, and stroke is driving the market growth. Increasing incidence of trauma, demand for acute hospitals, and unmet medical needs are expected to boost growth. In addition, technological advancements for improving the quality of treatment to reduce Length of Stay (LOS) and achieve a faster Turnaround Time (TOT) are expected to aid growth. As per the CMS Hospital Compare List, the U.S. has roughly 4,749 acute care hospitals.

U.S. Acute Hospital Care Market Report Highlights

·         The emergency care segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. This can be attributed to the growing incidence of accidents, burns, heart attacks, severe bleeding, acute infections, and other conditions. As per CDC, each year, roughly 130.0 million people visit emergency departments in the U.S. Adults aged 18 and over attended EDs at a rate of approximately 22.0% in 2019

·         The general acute care hospital segment accounted for the maximum market share in 2021 owing to a growing number of admissions at these facilities. In recent years, there is a drastic shift of patients from EDs to these facilities, which is poised to surge segment growth

·         The ICU segment held the major share of the market in 2021. This can be attributed to the growing patient population requiring intensive monitoring. Moreover, the ongoing COVID-19 pandemic is expected to boost the demand for intensive care

·         Mergers and acquisitions and partnerships are some of the key strategies being undertaken by the market players. For instance, in June 2019, Community Health Systems, Inc. acquired Northwest Mississippi Medical Center in Clarksdale, Mississippi, with its 181 licensed beds and other outpatient and ancillary services

Gain deeper insights on the market and receive your free copy with TOC now @: U.S. Acute Hospital Care Market Report

According to Agency for Healthcare Research and Quality (AHRQ), the vast majority of these hospitals- about 70%- are part of a healthcare system. This trend may increase the importance of these facilities in determining how people are treated. According to CDC in 2018, each year, around 2.8 million people in the U.S. suffer from traumatic brain injuries, which lead to approximately 56,000 deaths and 282,000 hospitalizations. Around 2.5 million of these patients are treated and released from the emergency room annually. In addition, according to the National Spinal Cord Injury Association, each year, around 17,730 cases of spinal cord injury are recorded in the U.S., out of which, around 20% to 30% opt for neurological rehabilitation.

Acute hospital care aims to help patients attain stable and healthy medical conditions as well as discharge them as early as possible. The aforementioned factors are anticipated to drive the overall market growth in the coming years. The COVID-19 pandemic had a substantial impact on healthcare utilization across all sectors of the U.S. healthcare system. Hospitals were flooded with COVID-19 patients, straining ICUs beyond their customary capacity and increasing mental health boarding. ICU utilization declined following the initial increase, however, ICU/CCU days remained greater than that in 2019. As per Massachusetts HPC Report, ICU/CCU days increased by 10.0% between 2019 and 2020, despite a decline in admissions. Moreover, healthcare utilization of non-COVID-19 patients decreased as a result of a variety of factors, including state and federal guidance intended to preserve needed hospital bed capacity while minimizing infection transmission, patient reluctance to receive in-person care, and shift to telehealthcare.

COVID-19 Impacts On U.S. Acute Hospital Care Market

The COVID-19 pandemic exposed shortcomings of the overburdened U.S. healthcare system, taking a significant toll on healthcare facilities and providers. As the infection spread, hospitals converted clinical capacity to treat COVID-19 patients. Coronavirus pandemic proved to be a turning point for digital transformation in acute care. Apart from the rising adoption of pre-existing technology solutions such as smart monitoring, telemedicine, and remote monitoring, AI has been investigated as a diagnostic tool, an epidemiological instrument, and a model for drug selection. In the coming years, the number of inpatient admissions for non-COVID-related diseases is projected to increase, positively impacting the market growth.

Market Share Analysis By Key Players

The market for acute hospital care in the U.S. is highly fragmented due to the presence of many multinational as well as local hospitals and healthcare facilities. Hospitals are collaborating with medical technology companies to adapt to the latest technologies for healthcare delivery. Market players are devising their collaborations and mergers and acquisition strategies to gain a competitive edge and expand their business footprint. Some of the prominent players in the U.S. acute hospital care market include:

·        TH Medical (Tenet Healthcare Corporation)

·        Universal Health Services Inc.

·        Community Health Systems, Inc.

·        Ascension

·        Lifepoint Health, Inc.

·        Ardent Health Services

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Grand View Research has segmented the U.S. acute hospital care market on the basis of medical condition, facility type, service and region

on September 28 at 7:34

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