Acute Care Market by Medical Condition (Emergency Care, Short-term Stabilization, Trauma Care, Acute Care Surgery, Psychiatric Emergencies & Others), by Services (Intensive Care Units, Neonatal Intensive Care Units, Coronary Care Units & Others), by Facility Type (General Acute Care Hospitals, Psychiatric Hospitals, Specialized Hospitals, Rehabilitation Hospitals & Long-term Acute Care Facilities & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2028

Report Code: HCR 0612 Report Format: PDF + Excel

Acute Care Market Overview

The Acute Care Market Size is estimated to reach $2,483.2 billion by 2028 and it is poised to grow at a CAGR of 4.8% over the forecast period of 2023-2028. The key factors of the market growth include rising chronic diseases, geriatric population and increasing disposable incomes of people worldwide. As per United Nations estimates, around 49% of the population would be diagnosed with chronic related issues by 2025. Acute care is a branch of secondary healthcare through which a patient receives active but short-term treatment for a severe injury or episodes of illnesses, an urgent medical condition or activities during the recovery phase from surgery. Inpatient rehabilitation is the prime opposite of acute medical care, simply because of the length of stay. Some of the critical disorders which warrant acute care are cholecystitis, abdominal disorders, incarcerated hernias and other forms of acute infections. Moreover, psychiatric emergencies within the acute care model are among the growing conditions, with additional impact after the COVID-19 pandemic. The substantial growth of the geriatric population supplemented by growing acute infections and psychiatric emergencies proliferates the Acute Care industry outlook during the forecast period of 2023-2028.

Acute Care Market Report Coverage

The report: “Acute Care Market Forecast (2023-2028)" by IndustryARC, covers an in-depth analysis of the following segments in the Acute Care Market.

By Medical Condition: Emergency Care, Short-term Stabilization, Trauma Care, Acute Care Surgery, Psychiatric Emergencies and Others.
By Services: Intensive Care Units, Neonatal Intensive Care Units, Coronary Care Units and Others.
By Facility Type: General Acute Care Hospitals, Psychiatric Hospitals, Specialized Hospitals, Rehabilitation Hospitals and Long-term Acute Care Facilities and Others.
By Geography: North America (the U.S., Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan India, South Korea, Australia and New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

  • Geographically, North America held a dominant share of the market in 2022. It is due to the presence of adequate healthcare resources, a well-established healthcare infrastructure and a substantial healthcare budget aided by both the private and public sectors. Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period of 2023-2028. It is due to the advancing healthcare sector and a substantial geriatric population.
  • A rapidly growing global geriatric population substantiated by ailing chronic illnesses and trauma injuries along with higher insurance coverage aids market growth. However, the limited availability of skilled workers along with higher attrition in the medical care sector post-COVID-19 impedes the growth of the market.
  • A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Acute Care Market Report.

Acute Care Market Segment Analysis - Market Share (%) by region, in 2022

Acute Care Market

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Acute Care Market Segment Analysis - by Medical Condition

The Acute Care Market based on medical conditions can be further segmented into Emergency Care, Short-term Stabilization, Trauma Care, Acute Care Surgery, Psychiatric Emergencies and Others. The Emergency Care segment held a dominant market share in 2022. Emergency Care is an essential part of the overall health system and often the first point of contact. Emergency care also caters to incidences of accidents, burns, heart attacks, trauma, stroke, acute infections and other such conditions. Furthermore, promising repayment and coverage strategies laid down by numerous governments support this segment's growth. However, the Acute Care Surgery segment is estimated to be the fastest-growing, with a CAGR of 5.3% over the forecast period of 2023-2028. It is a relatively new surgical specialty that combines training in surgical critical care, trauma surgery and emergency general surgery to evaluate & treat patients who are experiencing general surgical problems. For example, emergency surgery to remove the gallbladder is needed in nearly 20% of acute cholecystitis cases.

Acute Care Market Segment Analysis - by Services

The Acute Care Market based on services can be further segmented into Intensive Care Units, Neonatal Intensive Care Units, Coronary Care Units and Others. Intensive Care Units held a dominant market share in 2022. Additionally, the COVID-19 impact provided a fruitful push to the market demand for ICUs. Various studies have highlighted that majority of admissions in acute care hospitals are in the ICU. Various hospitals have assigned ICU beds specifically for treating acute care admissions which aids the market further. However, Neonatal Intensive Care Units are estimated to be the fastest-growing, with a CAGR of 6.3% over the forecast period of 2023-2028. A growing number of premature births along with delayed pregnancies and other factors proliferate the growth of the market segment.

Acute Care Market Segment Analysis - by Geography

North America held a massive share of nearly 44% in 2022. It is due to massive healthcare spending in the countries like the U.S. Moreover, as per CMS estimates in 2019, around 4,749 acute hospital beds were available in the United States. The numbers have increased significantly owing to the pandemic. However, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period of 2023-2028. A growing healthcare facility supplemented by private and public players along with a significant patient pool coming under the scope of insurance coverage would aid the market growth.

Acute Care Market Drivers

Increasing Number of Global Cardiovascular Cases:

Cardiovascular diseases (CVDs) are the leading cause of death, globally. As per WHO, around 17.9 million lives each year are lost due to CVDs in 2019, representing around 32% of the total deaths. 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. More than four out of five CVD deaths occur due to heart attacks and strokes and one-third of these deaths occur prematurely in people under 70 years of age. As per Heart.BMJ 2022, acute heart failure remains the most common cause of emergency admission in patients above the age of 65 years.

Substantial Geriatric Population around the World with Higher Disease Probability:

The Pandemic accelerated the Acute Care market due to a massive number of admissions from COVID-19 in ICUs and CCUs of patients lying in the age group of 75-84 years. As per WHO, by 2030, one in six people in the world would be aged over 60 years. In 2020, around 1 billion of the population was aged above 60 years. The geriatric population often suffers from multiple comorbidities which aid in direct hospital admissions and the proliferation of acute care services. Moreover, incarcerated hernias in elderly people are common. As per Springer 2021, about 40% of incarcerated hernias in the elderly require emergency surgical intervention.

Acute Care Market Challenges

Critical Shortages of Beds in Numerous Countries along with Mitigating Skilled Labors in the Acute Care Sector:

The shortage related to ICUs was exacerbated by the onset of the pandemic in 2020. However, the shortages are still there on a larger scale, which impedes the acute care services market. As per Springer 2022, among the 10 countries with the highest number of COVID-19 patients and deaths, seven were low-and-middle-income countries. The provisions for critical care in LMICs have been challenging even during non-pandemic times when compared to the advanced high-income country settings or HICs. Lastly, the global attrition in the health sector has been pressurizing the overall medical services format, thereby, hampering the market growth.

Acute Care Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Acute Care Industry. The top 10 companies in the Acute Care Industry are:

1. TH Medical
2. Fresenius Medical Care AG & Co
3. Ramsay Health Care
4. Asklepios Kliniken GmBH
5. Universal Health Services
6. Community Health Systems
7. Ascension
8. IHH Healthcare Berhad
9. Mediclinic International
10. Ardent Health Services

Recent Developments

  • In October 2022, Lewis Gale Medical Center started operations in Roanoke Valley, U.S. 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 2022, the Grange Unit was inaugurated for same-day emergency care visits in the Grange University Hospital to ease the treatment pressure in the A&E. This move comes after the discovery that nearly 32.8 percent of patients were waiting more than four hours in emergency departments.
  • In October 2020, Stryker, a leading medical technology company, announced the launch of the industry’s first and only completely wireless hospital bed - ProCuity. The intelligent beds are specifically designed to reduce hospital fall cases while providing an improvement in nurse workflow efficacy and safety.

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1. Acute Care Market - Overview
    1.1 Definitions and Scope
2. Acute Care Market - Executive Summary
3. Acute Care Market - Comparative Analysis
    3.1 Company Benchmarking - Key Companies
    3.2 Global Financial Analysis - Key Companies
    3.3 Market Share Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Acute Care Market - Start-up Companies Scenario Premium
    4.1 Key Start-up Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Acute Care Market – Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Acute Care Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porter's Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Acute Care Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Acute Care Market – by Medical Condition
    8.1 Emergency Care
    8.2 Short-term Stabilization
    8.3 Trauma Care
    8.4 Acute Care Surgery
    8.5 Psychiatric Emergencies
    8.6 Others
9. Acute Care Market – by Facility Type
    9.1 General Acute Care Hospitals
    9.2 Psychiatric Hospitals
    9.3 Specialized Hospitals
    9.4 Rehabilitation Hospitals
    9.5 Long-term Acute Care Facilities
    9.6 Others
10. Acute Care Market - by Services
    10.1 Intensive Care Unit (ICU)
    10.2 Neonatal Care Unit (NCU)
    10.3 Coronary Care Units (CCU)
    10.4 Others
11. Acute Care Market - by Geography
    11.1 North America
        11.1.1 The US
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 The UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 The Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 The Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 The Rest of South America
    11.5 The Rest of the World
        11.5.1 The Middle East
        11.5.2 Africa
12. Acute Care Market - Entropy
13. Acute Care Market – Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
        13.1.1 Market Share by Region – Key companies
        13.1.2 Market Share by Countries – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Acute Care Market – Key Company List by Country Premium Premium
15. Acute Care Market - Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
* “Financials would be provided to private companies on best-efforts basis.”
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