PUBLISHER: The Business Research Company | PRODUCT CODE: 1263144
PUBLISHER: The Business Research Company | PRODUCT CODE: 1263144
“Private Hospital Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on private hospital market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for private hospital? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The private hospital market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the private hospital market are: Toulon Hyeres Private Hospital, Deaconesses Croix Saint, Nuffield Health, London Bridge Healthcare, Ramsay Health Care, HCA Healthcare, Spire Healthcare Group PLC., Meoclinic GmbH, Fortis Healthcare Limited, Fresenius SE & Co. KGaA, Life Healthcare, Max Superspecialty Hospital, Apollo Hospitals Enterprise Ltd., and IASIS Healthcare.
The global private hospital market is expected to grow from $2,742.38 billion in 2022 to $3,158.06 billion in 2023 at a compound annual growth rate (CAGR) of 15.16%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The private hospital market is expected to reach $5,527.01 billion in 2027 at a CAGR of 15.02%.
The private hospital market includes revenues earned by entities by caregiver support services, clinical assessments, home health aides, health care escorts, and private nursing care. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
A private hospital refers to a for-profit institution that provides treatment and healthcare services that are privately funded and operated by the owner, who is often a company or a single person. The private hospital provide medical and surgical treatment to sick and injured patients.
North America was the largest region in the private hospital market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main category in private hospital are childrens hospital, multispecialty hospitals, acute care hospitals and specialty hospitals. Children's hospital refers to hospital personnel who have undergone further training to assist in the treatment of kids for a range of acute and long-term medical requirements. The main capacity are large, medium and small. The main location are rural and urban.
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.
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.
In February 2022, Ramsay Healthcare, an Australian-based healthcare provider network, acquired Elysium Healthcare for £775 million ($915.6 million). Through this acquisition, Ramsay Healthcare looks to enter the UK mental health hospital network with the possibilities of both organic and inorganic expansion and the ability to increase services in the UK. Elysium Healthcare is a UK-based private provider of mental health services.
The countries covered in the private hospital market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The private hospital market research report is one of a series of new reports from The Business Research Company that provides private hospital market statistics, including private hospital industry global market size, regional shares, competitors with a private hospital market share, detailed private hospital market segments, market trends and opportunities, and any further data you may need to thrive in the private hospital industry. This private hospital market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.