U.S. Acute Hospital Care Market Growth & Trends
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.
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.
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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
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U.S. Acute Hospital Care Market Segmentation
Grand View Research has segmented the U.S. acute hospital care market on the basis of medical condition, facility type, and service:
U.S. Acute Hospital Care Medical Condition Outlook (Revenue, USD Billion, 2017 - 2030)
- Emergency Care
- Short-term Stabilization
- Trauma Care
- Acute Care Surgery
- Others
U.S. Acute Hospital Care Facility Type Outlook (Revenue, USD Billion, 2017 - 2030)
- General Acute Care Hospitals
- Psychiatric Hospitals
- Specialized Hospitals
- Rehabilitation Hospitals
- Long Term Acute Care (LTAC)
U.S. Acute Hospital Care Service Outlook (Revenue, USD Billion, 2017 - 2030)
- Intensive Care Unit (ICU)
- Neonatal Intensive Care Unit (NICU)
- Coronary Care Unit (CCU)
- Others
List of Key Players of U.S. Acute Hospital Care Market
- TH Medical (Tenet Healthcare Corporation)
- Universal Health Services Inc.
- Community Health Systems, Inc.
- Ascension
- Lifepoint Health, Inc.
- Ardent Health Services
- Emerus Hospital Partners, LLC
- Stanford Health Care, Inc.
- NYU Langone Hospitals
- NewYork-Presbyterian Hospital
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
