Acute Hospital Care Market Worth $4.0 Trillion By 2026 | CAGR: 6.7%

30 August 2019

Grand View Research

The global acute hospital care market is expected to reach USD 4.0 trillion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% over the forecast period. Market growth can be attributed to a significant increase in number of patients suffering from chronic diseases such as cancer, diabetes, heart disease, and stroke. Increase in incidence of trauma, demand for acute hospitals; patient volume, including, geriatric demographic; and unmet medical needs is expected to boost growth. In addition, technological advancements for improving quality of treatment to reduce Length of Stay (LOS) and achieve a faster Turnaround Time (TOT) are expected to aid growth.

Rise in demand for such hospitals is likely to create opportunities for players. Large hospitals are further addressing the increase in demand by building more facilities. These include HCA Healthcare, Inc.; Tenet Healthcare Corporation; & Community Health Systems, Inc. in the U.S. and Fresenius Medical Care & Ramsay Healthcare in Europe.

Further key findings from the study suggest:

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