The Asia Pacific Acute Hospital Care Market would witness market growth of 8.5% CAGR during the forecast period (2019-2025). The Asia Pacific Acute Hospital Care market is studied across the China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific. Hospital care setups are concerned with the treatment of elderly patients that suffer from frequent and severe disease cases, or have a higher risk of iatrogenic injury, and are highly vulnerable to baseline. These risks have led to longer and more often hospitalizations. The elderly populations’ frailty rates highlight the importance of the hospital-based programs of screening for cognitive and functional impairments that determine needed additional care and services. Additionally, physicians are required to lead the instituting programs of prevention and improving the systems of care. This is a multi-tiered approach with interventions in prevention and systems of care improvements. This is necessary to enhance the clinical care and outcomes for the hospitalized elderly patient.
Unmet medical needs in developing economies are expected to boost the market growth of acute hospital care market. In the Asia Pacific region, improved healthcare infrastructure and growing disposable income have facilitated the increased number of hospitals that offer acute care. Likewise, extended healthcare expenditure in countries like India and China offer a strong opportunity for growth in the region.
Due to a rise in patients requiring extensive supervision and all-round care, ICUs dominated the services segment in 2018. For particular problems related to cardiology and surgical & medical needs, hospitals often invest in specialized ICUs. Over the forecast period, NICU is anticipated to be among the faster-growing segments. Recently, the industry for acute hospital care has accelerated facilities through merger and acquisition with core competitors, combining multiple services and increasing overall revenue in the industry.
According to the World Health Organization, non-communicable diseases (NCDs), specifically chronic respiratory diseases, cardiovascular diseases, diabetes, and cancer are major causes of mortality in the South-East Asia Region. These diseases have been claiming approximately 8.5 million lives each year.
The worldwide acute hospital care market shows lucrative growth potential for the forecast period. This trend is attributed to chronic pain cases and the increasing amount of patients that need acute care. The aging population and unmet medical requirements in emerging nations have raised market growth. The industry is also strengthened by the growing need for emergency treatment.
Based on Offering, the market is segmented into Hardware, Software and Services. Based on the Product, the market is segmented into Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Automated Optical Inspection, Video Measuring Machine (VMM) and Others. Based on Application, the market is segmented into Quality Control & Inspection, Reverse Engineering, Virtual Simulation and Other Applications. Based on End User, the market is segmented into Aerospace & Defense, Automotive, Heavy Machinery Industry, Electronics, Architecture & Construction, Mining and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tenet Healthcare Corporation, Ramsay Health Care Pty Ltd., Asklepios Kliniken GmbH & Co. KGaA, HCA Healthcare Inc., Community Health Systems Inc., Ascension Health Inc., Mediclinic International PLC, LifePoint Health, Inc. (RCCH Healthcare), Universal Health Services, Inc. (Ardent Health Services), Fresenius Medical Care AG & Co. KGaA.
Market Segmentation:
By Medical Condition
By Facility Type
By Services
By Country
Companies Profiled
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