PUBLISHER: Grand View Research | PRODUCT CODE: 1363060
PUBLISHER: Grand View Research | PRODUCT CODE: 1363060
U.S. Hospital Emergency Department Market Size, Share & Trends Analysis Report By Insurance Type (Medicare & Medicaid, Private), By Condition (Gastrointestinal, Cardiac, Infectious, Traumatic), And Segment Forecasts, 2023 - 2030
U.S. Hospital Emergency Department Market Growth & Trends:
The U.S. hospital emergency department market size is expected to reach USD 246.3 billion by 2030, based on a new report by Grand View Research, Inc.. It is projected to register a CAGR of 5.75% during the forecast period. The rising prevalence of diseases requiring immediate care, such as cardiac arrest, is expected to drive the growth of this market. Hospital Emergency Departments (EDs) are preferred by individuals needing emergency care due to the 24-hour availability of care over other medical centers. There has been an increase in patients with acute psychiatric crises visiting hospital Eds in the last few years. According to the National Hospital Ambulatory Medical Care Survey, in 2021, there were around 2.43 million ED visits due to problems related to psychological and mental disorders. Furthermore, a total of 2.4 million ED visits occurred due to diseases of the nervous system.
Neurologic emergencies include conditions such as stroke, migraine, Alzheimer's disease, and others. Stroke is a major contributor to ED visits, with around 5,311,000 individuals suffering a stroke annually. This is likely to increase the number of ER visits in the coming years. To meet the high demand for EDs and create awareness, hospitals are adopting new technologies and conducting various business activities. For instance, in January 2022, Novant Health announced a collaborative partnership with Aidoc, an enterprise-grade artificial intelligence (AI) solution for medical imaging providers. This partnership aims to accelerate the treatment of patients in the emergency department using AI technology. Moreover, there is a trend of adopting new treatment options, such as AI and telehealth, for emergency care of acute illnesses and injuries.
For instance, in October 2020, Northwestern Memorial Hospital partnered with Caption Health to acquire Caption AI, the AI technology for ultrasound, for use in EDs. Such measures are expected to increase demand for emergency care due to the growing awareness about the availability of accurate and quick treatment options and the increasing adoption of new technologies. The onset of the COVID-19 pandemic resulted in revenue loss for EDs in the United States, due to the substantial reductions in the number of ED visits. The decline in visits was largely due to people delaying treatment to avoid infection, a decrease in surgery volume, and social distancing restrictions. According to a study from Yale and the Mayo Clinic researchers, ED visits declined by 41.5% (in Colorado) to 63.5% (in New York) the year after the pandemic outbreak.
U.S. Hospital Emergency Department Market Report Highlights:
- Based on the insurance type, the private & others segment dominated the market in 2022 owing to the high number of people choosing private insurance. For instance, according to the National Hospital Ambulatory Medical Care Survey, the payment source for around 45,097 thousand ED visits was private insurance in 2021
- Based on the condition, the infectious condition segment dominated the market in 2022. This growth can be attributed to the increased ER visits during flu season. For instance, according to the CDC National Hospital Ambulatory Medical Care Survey, in 2021, fever and cough accounted for a total of 4,650,000 and 4,655,000 emergency visits, respectively, in the U.S.
- In July 2022, Sila Realty Trust, Inc. announced the completed acquisition of the standalone TGH Rehabilitation Hospital, a freestanding emergency facility situated in Tampa, Florida. The transaction was valued at a contract purchase price of USD 51.2 million, not accounting for acquisition expenses
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation
- 1.2. Estimates and Forecast Timeline
- 1.3. Research Methodology
- 1.3.1. Information procurement
- 1.3.2. Purchased Database
- 1.3.3. GVR's Internal Database
- 1.3.4. Secondary Sources
- 1.3.5. Primary Research
- 1.3.6. Details of Primary Research
- 1.4. Information or Data Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Validation
- 1.5.1. Volume Price Analysis
- 1.6. List of Secondary Sources
- 1.7. List of Abbreviations
- 1.8. Research Objectives
- 1.8.1. Objective - 1
- 1.8.2. Objective - 2
- 1.8.3. Objective - 3
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. High number of emergency department visits
- 3.2.1.2. Availability of insurance
- 3.2.1.3. Growing initiatives by hospitals
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Overcrowded emergency departments with a prolonged waiting period
- 3.2.2.2. Rising preference for convenient care
- 3.2.3. Industry Challenges
- 3.2.3.1. Possible harm to patients due to lack of medical history
- 3.2.3.2. Duplicate testing costs and unnecessary testing costs
- 3.2.3.3. Staffing issues
- 3.2.4. Industry Opportunities
- 3.2.4.1. Increasing use of telehealth for emergency departments
- 3.2.1. Market Driver Analysis
- 3.3. U.S. Hospital Emergency Department Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technology landscape
- 3.3.2.4. Legal landscape
- 3.3.2.5. Technology landscape
- 3.3.1. Industry Analysis - Porter's
- 3.4. Regulatory Framework & Reimbursement Scenario
- 3.4.1. Regulatory Framework
- 3.4.2. Reimbursement Scenario
Chapter 4. U.S. Hospital Emergency Department Market: Insurance Type Estimates & Trend Analysis
- 4.1. Segment Definitions
- 4.2. U.S. Hospital Emergency Department Market: Insurance Type Segment Dashboard
- 4.3. U.S. Hospital Emergency Department Market: Insurance Type Movement & Market Share Analysis
- 4.4. Medicare & Medicaid
- 4.4.1. Medicare & Medicaid Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Private & Others
- 4.5.1. Private & Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. U.S. Hospital Emergency Department Market: Condition Estimates & Trend Analysis
- 5.1. Segment Definitions
- 5.2. U.S. Hospital Emergency Department Market: Condition Segment Dashboard
- 5.3. U.S. Hospital Emergency Department Market: Condition Movement & Market Share Analysis
- 5.4. Traumatic
- 5.4.1. Traumatic Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Infectious
- 5.6. Gastrointestinal
- 5.6.1. Gastrointestinal Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Psychiatric
- 5.7.1. Psychiatric Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. Cardiac
- 5.8.1. Cardiac Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.9. Neurologic
- 5.9.1. Neurologic Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.10. Others
- 5.10.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Company Profiles
- 6.1.1. Parkland Health
- 6.1.1.1. Company overview
- 6.1.1.2. Financial performance
- 6.1.1.3. Service benchmarking
- 6.1.1.4. Strategic initiatives
- 6.1.2. Lakeland Regional Health
- 6.1.2.1. Company overview
- 6.1.2.2. Financial performance
- 6.1.2.3. Service benchmarking
- 6.1.3. St. Joseph's Health
- 6.1.3.1. Company overview
- 6.1.3.2. Financial performance
- 6.1.3.3. Service benchmarking
- 6.1.3.4. Strategic initiatives
- 6.1.4. Natchitoches Regional Medical Center
- 6.1.4.1. Company overview
- 6.1.4.2. Financial performance
- 6.1.4.3. Service benchmarking
- 6.1.4.4. Strategic initiatives
- 6.1.5. Schoolcraft Memorial Hospital
- 6.1.5.1. Company overview
- 6.1.5.2. Financial performance
- 6.1.5.3. Service benchmarking
- 6.1.6. Clarion Hospital
- 6.1.6.1. Company overview
- 6.1.6.2. Service benchmarking
- 6.1.6.3. Strategic initiatives
- 6.1.7. USA Health
- 6.1.7.1. Company overview
- 6.1.7.2. Financial performance
- 6.1.7.3. Service benchmarking
- 6.1.8. Baptist Health South Florida
- 6.1.8.1. Company overview
- 6.1.8.2. Financial performance
- 6.1.8.3. Service benchmarking
- 6.1.9. Montefiore Medical Center
- 6.1.9.1. Company overview
- 6.1.9.2. Financial performance
- 6.1.9.3. Service benchmarking
- 6.1.9.4. Strategic initiatives
- 6.1.10. LAC+USC Medical Center
- 6.1.10.1. Company overview
- 6.1.10.2. Service benchmarking
- 6.1.1. Parkland Health
- 6.2. Company Categorization
- 6.3. Company Market Position Analysis
- 6.4. Strategy Mapping
Chapter 7. Recommendations/Key Market Insights
List of Tables
- Table 1 List of secondary sources
- Table 2 List of abbreviations
- Table 3 U.S. hospital emergency department market, by insurance type, 2018 - 2030 (USD Million)
- Table 4 U.S. hospital emergency department market, by condition, 2018 - 2030 (USD Million)
- Table 5 Participant's overview
- Table 6 Financial performance
- Table 7 Key companies undergoing expansions
- Table 8 Key companies undertaking acquisitions
- Table 9 Key companies undergoing partnership & collaborations
- Table 10 Key companies launching new products
- Table 11 Key companies undergoing other strategies
List of Figures
- Fig. 1 U.S. hospital emergency department market segmentation
- Fig. 2 Market research process
- Fig. 3 Data triangulation techniques
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value-chain-based sizing & forecasting
- Fig. 7 QFD modeling for market share assessment
- Fig. 8 Market ownership & validation
- Fig. 9 Market snapshot
- Fig. 10 Segment snapshot
- Fig. 11 Competitive landscape snapshot
- Fig. 12 U.S. hospital emergency department market driver analysis
- Fig. 13 U.S. hospital emergency department market restraint analysis
- Fig. 14 U.S. hospital emergency department market: Porter's analysis
- Fig. 15 U.S. hospital emergency department market: PESTLE analysis
- Fig. 16 U.S. hospital emergency department market: Insurance type outlook and key takeaways
- Fig. 17 U.S. hospital emergency department market: Insurance type market share and movement analysis, 2022-2030
- Fig. 18 Medicare & Medicaid market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Private & Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 20 U.S. hospital emergency department market: Condition outlook and key takeaways
- Fig. 21 U.S. hospital emergency department market: Condition market share and movement analysis, 2022 - 2030
- Fig. 22 Traumatic market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Infectious market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Gastrointestinal market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Psychiatric market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Cardiac market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Neurologic market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Key company categorization
- Fig. 30 Company market position analysis
- Fig. 31 Market participant categorization
- Fig. 32 Strategy framework
