Global Hospital Emergency Department Market is Likely to Grow at a CAGR Value of 4.10% By 2028

17-Aug-2022 | Zion Market Research

The global hospital emergency department market size was worth USD 427.4 million in 2021 and is estimated to grow to USD 543.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.1% over the forecast period. The report analyses the hospital emergency department market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the hospital emergency department market.

Hospital emergency departments are a type of system that provides emergency medical care. Patients receiving this proactive care are those who are unwell in whatever way. The purpose of these programs is to provide patients with access to emergency medical treatment. These are intricate services where each systemic component greatly influences the care. Emergency medical services provide patients with acute care, which focus on treating obstetric, surgical, and medical crises. A hospital's emergency room focuses on injury and life-threatening conditions, including cardiac arrest and stroke. Emergency services include those that are needed during natural disasters.

Global Hospital Emergency Department Market

The global health emergency department market is anticipated to grow due to the increasing prevalence of injuries and trauma, the high demand for emergency care, and increased hospital investment in ambulance facilities to improve patient outcomes in an emergency. However, over the projection period, expensive emergency medical services & vehicles and strict government regulations governing emergency medical services may restrain market expansion. Many contemporary technologies, especially information and communication technology, are developing quickly. On the other hand, healthcare costs are increasing in many nations due to factors including aging populations, individuals with disabilities, natural disasters, emerging diseases, urbanization, and climate change. Therefore, national policymakers must carefully plan their policies or develop new service models to prepare suitably for such challenges.

The global hospital emergency department market is segregated based on health conditions, insurance, and region. The market is divided into cardiac, neurologic, traumatic, gastrointestinal, infectious, psychiatric, and others based on health conditions. Among these, the infectious segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on insurance, the market is classified into private, Medicare/Medicaid. In 2021, the private category dominated the global market.

The global hospital emergency department market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America has the greatest market share for emergency rooms in hospitals worldwide. This is a result of the region's rising CVD disorder prevalence. The regional market will have a sizable CAGR in the coming years due to the growing healthcare infrastructure and the increased focus that medical professionals are paying on emergency treatment. Strong reimbursement coverage, readily available trained and skilled labor, and market share growth are all factors that may contribute during the forecast period.

Key players in the global hospital emergency department market include Albany Molecular Research Inc., EVOTEC, DiscoverX Corporation, Laboratory Corporation of America Holdings, GenScript, Charles River, Merck & Co., Inc., WuXiAppTec, Thermo Fisher Scientific Inc., Dalton Pharma Services, Pharmaceutical Products Development, LLC., Oncodesign, Jubilant Biosys, and QIAGEN.

Recent Development:

  • December 2021: In addition to deploying the most recent clinical decision support platform from PeraHealth, Shannon Health also introduced the "RI Triage" health system, which will soon transition to a cutting-edge cloud-based predictive analytics system for use in emergency departments.
  • September 2020: Vital, an Atlanta-based business, has raised USD 15 million in Series A funding, led by Transformation Capital, with the aid of artificial intelligence (AI). Additionally, prior investors in the round were First Round Capital and Threshold Ventures.

Browse the full Hospital Emergency Department Market By Health Condition (Cardiac, Neurologic, Traumatic, Gastrointestinal, Infectious, Psychiatric, and Others), By Insurance (Private, Medicare/Medicaid), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/u-s-hospital-emergency-department-market

Global Hospital Emergency Department Market is segmented as follows:

By Health Condition

  • Cardiac
  • Neurologic
  • Traumatic
  • Gastrointestinal
  • Infectious
  • Psychiatric
  • Others

By Insurance

  • Private
  • Medicare/Medicaid

By Connectivity

  • Wired
  • Wireless

By Application

  • Remote Medicine Management
  • Medical Assistance
  • Medical Connected Imaging
  • Electronic Health Record & Clinical Workflow
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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