Market Size –
The private hospital market size has grown rapidly in recent years. It will grow from <b>$3168.57 billion in 2023 to $3667.59 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. </b> The growth in the historic period can be attributed to competitive market dynamics, disease prevalence and treatment needs, healthcare consumerism, healthcare professional recruitment, quality and accreditation.
The private hospital market size is expected to see rapid growth in the next few years. It will grow to <b>$6489.38 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. </b> The growth in the forecast period can be attributed to healthcare digitization, aging population, health insurance expansion, rising disposable income, medical tourism expansion. Major trends in the forecast period include technology integration, telemedicine expansion, data analytics and ai, healthcare staff well-being, precision medicine, population health management.
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Scope Of Private Hospital Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Private Hospital Market Overview
Market Drivers –
The rising death rate due to chronic diseases is expected to propel the private hospital market. Chronic diseases refer to an illness that lasts for a year or longer that requires ongoing medical attention. Private hospitals provide a crucial chance to begin managing chronic illnesses properly and address preventative health concerns. For instance, according to data published in April 2021 by the World Health Organization, a Switzerland-based health organization for international public health, 41 million people die every year due to chronic diseases globally, close to 71% of all deaths. Therefore, the rising death rate due to chronic diseases is driving the growth of the private hospital market.
Market Trends –
Technological advancement is a key trend in the private hospital market. Major market players are concentrating on creating or using advanced medical technologies to sustain their position in the private hospital market. For instance, in June 2022, Sharp Sight Eye Hospitals, an India-based private eye hospital chain, in collaboration with Logy.AI, an India-based AI healthcare platform, introduced an AI-based screening solution to identify cataracts on the spot to avoid blindness with 92% accuracy. The solution uses the smartphone for cataract screening, which is a simple chatbot on WhatsApp, leveraging artificial intelligence (AI) for early screening and treatment at the right stage.
The private hospital market covered in this report is segmented –
1) By Category: Children’s Hospital, Multispecialty Hospitals, Acute Care Hospitals, Specialty Hospitals
2) By Capacity: Large (>500 Beds), Medium (100 Beds-500 Beds), Small (100 Beds)
3) By Location: Rural, Urban
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Regional Insights –
North America was the largest region in the private hospital market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the private hospital market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the private hospital market report are Toulon Hyeres Private Hospital, Deaconesses Croix Saint, Nuffield Health, London Bridge Healthcare, Ramsay Health Care, HCA Healthcare Inc., Spire Healthcare Group plc, Meoclinic GmbH, Fortis Healthcare Limited, Fresenius SE & Co. KGaA, Life Healthcare Group, Max Superspecialty Hospital Group, Apollo Hospitals Enterprise Ltd., IASIS Healthcare LLC, Ascension Health, Community Health Systems Inc., Universal Health Services Inc., Tenet Healthcare Corporation, LifePoint Health Inc., Kindred Healthcare LLC, Encompass Health Corporation, Acadia Healthcare Company, Select Medical Holdings Corporation, Universal Health Realty Income Trust, Medical Properties Trust Inc., National Healthcare Corporation, Surgery Partners Inc., Surgery Care Affiliates Inc., Surgery Center Holdings LLC, IHH Healthcare Berhad
Table of Contents
1. Executive Summary
2. Private Hospital Market Report Structure
3. Private Hospital Market Trends And Strategies
4. Private Hospital Market – Macro Economic Scenario
5. Private Hospital Market Size And Growth
…..
27. Private Hospital Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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