The Acute Care industry is expected to grow at a CAGR of 4.8% over the forecast period of 2023-2028, to garner a market size equivalent of $2,483.2 billion by 2028. Acute Care is often revered as a branch of secondary healthcare, a model through which patients receive relatively active healthcare support. However, it is often shorter in duration and treatment. Acute care practices can be levied to severe injuries such as incarcerated hernias and other forms of burn injuries. A range of healthcare services is actively enrolled to find the most suitable form of care. Acute care settings often include emergency departments, intensive care units, coronary care units, psychiatric emergency aid and various other settings to support patients. A substantial geriatric population, coupled with active acute infections amongst other factors would allow the Acute Care Market to grow during the forecast period.

Acute Care Market Drivers

Increasing Number of Heart and Coronary Cases Worldwide and Associated Nature of Emergencies:

The global cases pertinent to heart and other coronary diseases aid the market demand for Acute Care. A substantial presence of heart attacks and strokes, amongst other forms of CVD diseases force patients to seek immediate medical care; if not, the results are often fatal. As per Heart.BMJ.Org 2022, nearly 5% of all emergency admissions are related to acute heart failure. Similarly, the listed source highlights that 1 in 5 patients hospitalized with heart failure in the U.S. is admitted to the ICU.

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Substantial Presence of Trauma Injuries:

Trauma injuries around the world represent a significant healthcare expenditure and aid heavily in the overall deployment of Acute Care services. Trauma injuries are highly prevalent in the old and frail population which provides a considerable impetus to the overall market growth. As per CDC, nearly 3 million old people are treated in the ER for fall injuries, with a magnitude of cases reported for fractures each year. Other forms of trauma cases drive the Acute Care market forward as well.

Facility and Product Launch

In October 2022, Lewis Gale Medical Center started operations in Roanoke Valley. The project has been under development for 12 years and the facility would be used to treat medically fragile pre-term and full-term babies. 

In October 2020, Stryker, a leading medical technology company, announced the launch of the industry’s first and only completely wireless hospital cum ICU bed - ProCuity.

The Major Players in the Market

The major players in the Acute Care Market include TH Medical, Fresenius Medical Care AG, Ramsay Health Care, Asklepios Klinken GmBH, Universal Health Services, Community Health Systems, Ascension, IHH Healthcare Berhad, Mediclinic International and Ardent Health Services.

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