Acute Care Market size forecast to reach $214.3 billion by 2025 – Reported Times

Medical Condition Segment Analysis

Emergency Care held the largest share in the medical condition segment of Acute Care Market in 2019 and is estimated to grow at a CAGR of 7.5% during the forecast period 2020-2025. Frontline providers manage children and adults with medical, surgical and obstetric emergencies, including injuries and infections, heart attacks and strokes, asthma and acute complications of pregnancy. Prioritizing an integrated approach to early recognition and resuscitation reduces the impact of all of these conditions. Increasing focus on taking care of patient has led to demand of emergency care vastly. Availability of reimbursement policies has further aided the growth of this segment. Trauma Care held the second largest share in 2019, owing to their effectiveness in reducing the likelihood of death or permanent disability to injured patients. Short-Term Stabilization is set to be the fastest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025, owing to its benefits like psychiatric medical evaluation, medically monitored crisis support and intervention and 24-hour nursing care.

Services Segment Analysis

Intensive Care Units (ICUs) holds the major share in the source segment of Acute Care Market in 2019. ICUs are created in order to look after the welfare of patients that need ventilators, blood pressure support and medication, cutting edge treatments and close monitoring by doctors and other healthcare staff. It is hardly the case that everyone admitted to the ICU is on the verge of losing their battle to survive. These advantages have driven the demand of this segment. Neonatal Intensive Care Unit (NICU) is forecast to grow at the fastest rate with the highest CAGR during the forecast period 2020-2025, owing to demand for better and safer services to babies born, especially during the times of some pandemics like COVID-19.

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Geography Segment Analysis

North America dominated the geography segment of Acute Care Market with a share of more than 43.6% in 2019, followed by Europe. Presence and newer innovation of well-developed technology, increasing patient population, greater incidences of cardiovascular diseases, high health care investments, increasing government support for digital services and key developments by market players have helped in the growth of Acute Care Market infrastructure. Europe held the second place in the geography segment share of the market, owing to well-developed healthcare infrastructure and presence of well-developed healthcare infrastructure in this region.

However, Asia-Pacific is estimated to grow at the fastest rate at a higher CAGR during the forecast period 2020-2025. This is owing to increasing investments by government in healthcare infrastructure, entry of new market players in the region and increasing disposable income of the population.

Drivers Acute Care Market

The realistic delivery of an acute care surgery model requires a dedicated hospital-based service that provides comprehensive care for all general surgical emergencies over a defined period of time (usually 7-day intervals). Unlike in the U.S., in Canada this structured approach is entirely inclusive. All general surgeons, regardless of their personal subspecialty training, are included. The Canadian experience recognizes and values the enormous contributions from nontrauma specialists who care for emergency surgical patients in all hospitals, whether community or academic, metropolitan or rural.

Cardiovascular diseases (CVDs) are the number 1 cause of death globally, taking an estimated 17.9 million lives each year. CVDs are a group of disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, rheumatic heart disease and other conditions. Four out of 5CVD deaths are owing to heart attacks and strokes, and one third of these deaths occur prematurely in people under 70 years of age, and this is projected to drive the Infusion Market growth during the forecast period 2020-2025.

Challenges Acute Care Market

Technical and medical skills are required for ICUs and other acute care units. However, at present, limited educational resources and training organizations have led to a shortage of skilled technicians and nurses. Thus, it is anticipated to hamper the market growth during the forecast period 2020-2025.

Acute Care Industry Outlook

Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Acute Care Market. In 2019, Acute Care Market share is consolidated by the top players present in the market. Acute Care Market top 10 companies are HCA Healthcare, Inc., Tenet Healthcare Corporation, Community Health Systems, Inc., Fresenius Medical Care, Ramsay Healthcare, Legacy Lifepoint Health, Inc., Universal Health Services, Inc., Ascension Health, IHH Healthcare and Zander scientific Inc. among others.

Acquisitions/Product Launches

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Acute Care Market size forecast to reach $214.3 billion by 2025 - Reported Times