The general medical and surgical hospitals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
General Medical And Surgical Hospitals Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The general medical and surgical hospitals market size has grown strongly in recent years. It will grow from $3625.32 billion in 2023 to $3855.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to demographic trends and aging population, advancements in medical knowledge and treatment, health insurance coverage expansion, government healthcare policies and funding, preventive care and public health initiatives..
The general medical and surgical hospitals market size is expected to see steady growth in the next few years. It will grow to $4518.66 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to shift toward value-based care models, integration of telehealth and remote patient monitoring, focus on population health management, collaboration and integration with specialized services, evolving healthcare payment and reimbursement models.. Major trends in the forecast period include population health management strategies, shift towards ambulatory and outpatient services, collaboration and integration with community health, focus on value-based care and payment models, investments in healthcare technology infrastructure..
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Scope Of General Medical And Surgical Hospitals 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.
General Medical And Surgical Hospitals Market Overview
Market Drivers –
The increasing prevalence of chronic diseases is expected to propel the growth of the general medical and surgical hospitals market forward. Chronic diseases are diseases that progress slowly over time and usually last 3 months or longer. Chronic disease management programs are being implemented by healthcare organizations to reduce avoidable hospitalizations and adverse events by more effectively managing the health of patients with chronic conditions. As a result, general medical and surgical hospitals can benefit from chronic disease management programs by lowering healthcare costs and improving patient outcomes. For instance, in 2021, according to the International Diabetes Foundation, a Belgium-based umbrella organization of more than 230 national diabetes associations, there were approximately 537 million adult diabetic patients in the world. The number is expected to reach 643 million in 2030 and 783 million in 2045. Additionally, in 2021, according to Cancer Research UK, a UK-based registered cancer charity, in 2021, there was an estimated 1.9 million new cancer cases diagnosed and 608,570 cancer deaths in the United States, an increase from 1.8 million new cancer cases diagnosed and 606,520 cancer deaths reported in 2020. Therefore, the increasing prevalence of chronic diseases is driving the general medical and surgical hospital market.
Market Trends –
Technological advancements are a key trend gaining popularity in the general medical and surgical hospitals market. Major companies operating in the general medical and surgical hospitals market are introducing innovative technology-based products such as Remote Diagnostics and Management Platforms (RDMP) to sustain their position in the market. For instance, in April 2021, Mayo Clinic, a US-based academic medical center, launched the Remote Diagnostics and Management Platform (RDMP), a new technology platform that helps clinicians make faster and more accurate diagnoses. The Remote Diagnostics and Management Platform (RDMP) leverages innovative artificial intelligence (AI) algorithms to assist clinical decision-making in real-time. The RDMP allows patients to have more control over their health and make better decisions based on information that is directly delivered to them.
The general medical and surgical hospitals market covered in this report is segmented –
1) By Service Type: Inpatient Service, Outpatient Services
2) By Hospital Type: Private Hospital, State-owned Hospital, Public And Community Hospital
3) By Service Areas: Acute Care, Cardiovascular, Cancer Care, Neurorehabilitation And Psychiatry Services, Pathology Lab, Diagnostics, and Imaging, Obstetrics And Gynecology, Other Services
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Regional Insights –
North America was the largest region in the general medical and surgical hospitals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the general medical and surgical hospitals market report during the forecast period. The regions covered in the general medical and surgical hospitals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the general medical and surgical hospitals market report are Mayo Clinic Health System, HCA Healthcare Inc., Cleveland Clinic, Spire Healthcare Group PLC, Ramsay Health Care Ltd., Ascension, Community Health Systems Inc., Tenet Healthcare Corporation, Fortis Healthcare Ltd., Apollo Hospitals Enterprise Ltd., The Johns Hopkins Health System Corporation, Fresenius Medical Care AG & Co. KGaA, China Resource Phoenix Healthcare Holdings Company Limited, IHH Healthcare Berhad, The University of California San Francisco Medical Center, Massachusetts General Hospital, Cedars-Sinai Medical Center, NewYork-Presbyterian Hospital, UCLA Medical Center, UCSF Medical Center, Brigham and Women’s Hospital, Stanford Health Care, Hospital of the University of Pennsylvania, Houston Methodist Hospital, Barnes-Jewish Hospital, Mount Sinai Hospital, Cincinnati Children’s Hospital Medical Center, Emory University Hospital, Northwestern Memorial Hospital, NYU Langone Hospitals, UPMC Presbyterian Shadyside, Vanderbilt University Medical Center, University of Michigan Hospitals-Michigan Medicine, Wake Forest Baptist Medical Center, Indiana University Health Medical Center, Oregon Health & Science University Hospital, University of Chicago Medical Center, Duke University Hospital, Thomas Jefferson University Hospitals, Yale New Haven Hospital, UC San Diego Health .
Table of Contents
1. Executive Summary
2. General Medical And Surgical Hospitals Market Report Structure
3. General Medical And Surgical Hospitals Market Trends And Strategies
4. General Medical And Surgical Hospitals Market — Macro Economic Scenario
5. General Medical And Surgical Hospitals Market Size And Growth
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27. General Medical And Surgical Hospitals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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