Asia Pacific Acute Hospital Care Market Size & Outlook
Asia Pacific acute hospital care market, 2017-2030 (US$M)
Related Markets
Asia Pacific acute hospital care market highlights
- The Asia Pacific acute hospital care market generated a revenue of USD 400,808.1 million in 2023.
- The market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, emergency care was the largest revenue generating medical condition in 2023.
- Acute Care Surgery is the most lucrative medical condition segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 400,808.1 million |
| Market revenue in 2030 | USD 729,788.0 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Emergency care |
| Fastest growing segment | Acute Care Surgery |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Emergency Care, Short-term Stabilization, Trauma Care, Acute Care Surgery, Other Medical Conditions |
| Key market players worldwide | Tenet Healthcare Corp, Fresenius Medical Care AG, Ramsay Health Care Ltd, Universal Health Services Inc Class B, Community Health Systems Inc, Ascension, IHH Healthcare Bhd, Ardent Health Services, Mediclinic International, Asklepios, LifePoint Health |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 12.0% of the global acute hospital care market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 729,788.0 million by 2030.
Emergency care was the largest segment with a revenue share of 53.78% in 2023. Horizon Databook has segmented the Asia Pacific acute hospital care market based on emergency care, short-term stabilization, trauma care, acute care surgery, other medical conditions covering the revenue growth of each sub-segment from 2017 to 2030.
Presence of unmet medical care needs in developing countries is anticipated to drive market growth. The acute hospital care industry is growing owing to factors such as mergers & acquisitions among core market players, which help key players expand their service offerings and business footprint.
For instance, Inova Care entered into a strategic alliance with McKesson Corporation to implement InterQual Acute Care Guidelines in Asia to enhance internal quality and resource management programs.
Emerging healthcare systems in Asia Pacific emphasize on improving quality of care provided in acute care hospitals, which would enhance the overall efficiency of the healthcare system.
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Acute Hospital Care Market Scope
Acute Hospital Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific acute hospital care market size, by country, 2017-2030 (US$M)
Asia Pacific Acute Hospital Care Market Outlook Share, 2023 & 2030 (US$M)
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