Specialty Hospitals Market Scope
According to the American Association of Neurological Surgeons (AANS), there are approximately 1.7 million incidents of TBI (Traumatic brain injury) in the United States yearly. In 2018, the orthopedic hospitals hold the second largest market for the specialty hospitals, however, the rehabilitation hospitals market is anticipated to propel at a faster pace in the forecast period due to the rising number of patients requiring rehabilitation treatments. Specialty hospital is those which provides a limited range of services (e.g., orthopedic surgery, ophthalmology, or obstetrics). Further, an increasing number of specialty hospitals and the rising prevalence of chronic infections and traumatic injury is fostering the specialty hospitals market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Encompass Health (United States), Kindred Healthcare (United States), Memorial Sloan-Kettering (United States), Steward Health Care System (United States), Belhoul Speciality Hospital ((United Arab Emirates), Advanced Specialty Hospitals (India), HCA Management Services (United States), Universal Health Services (United States), Select Medical Corporation (United States) and Kessler Institute for Rehabilitation (United States) |
CAGR | 12.0% |
The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Specialty Hospitals market throughout the predicted period.
Encompass Health (United States), Kindred Healthcare (United States), Memorial Sloan-Kettering (United States), Steward Health Care System (United States), Belhoul Speciality Hospital ((United Arab Emirates), Advanced Specialty Hospitals (India), HCA Management Services (United States), Universal Health Services (United States), Select Medical Corporation (United States) and Kessler Institute for Rehabilitation (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Specialty Hospitals market by Type , by Application (Men, Women, Children and Geriatric Population) and Region with country level break-up.
On the basis of geography, the market of Specialty Hospitals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2020, Apollo Hospitals Enterprise Ltd. acquired a majority stake in Global Hospitals Group.
June 2019, HeartCare Imaging (HCI) and the George Washington Medical Faculty Associates (GW MFA), Washington DC's largest independent physician practice with more than 750 providers, are announced a new initiative to improve patient care nationwide by providing specialty clinical care through telemedicine. Rural hospitals will now have access to real-time university-based specialists and state-of-the-art technology to diagnose hometown patients, enabling overall improved healthcare in their communities.
Influencing Trend:
The Advent of Digital Technology in these Specialty Hospitals
Market Growth Drivers:
Increasing Incidence of Chronic Infection and Growing Geriatric Population, Rising Demand for Inpatient and Outpatient Services and Cost Effective Treatment Offered by Specialty Hospitals
Challenges:
Managing Increasing Number of Patient Population Seeking Treatment at Specialty Hospitals
Restraints:
High Cost of Specialty Hospitals and its Maintainance is hampering the Market Growth
Opportunities:
Increasing Investment in Healthcare Industry and Rising Number of Frequency of Speciality Hospitals
Key Target Audience
Specialty Hospitals Service Providers, Potential Investors, Government and Regulatory Bodies, Technology Investors, Healthcare Facilities and Others