U.S. Freestanding Emergency Department Market To Reach $23.35 Billion By 2030

U.S. Freestanding Emergency Department Market Growth & Trends

The U.S. freestanding emergency department market size  is expected to reach USD 23.35 billion in 2030 and is projected to grow at a CAGR of 5.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Convenience care represents a spectrum of care delivery models including retail clinics, urgent care centers, and freestanding emergency departments (FSEDs). These departments represent a budding opportunity within healthcare services space. Growing geriatric population is contributing to the increasing demand for freestanding emergency departments, as the elderly often require emergency care. In addition, FSEDs have no or short waiting times for treatments as compared to the emergency departments. FSEDs are often preferred as they are less crowded. These departments primarily cater to urban and suburban patients with insurance coverage or self-pay. Moreover, medical conditions of patients visiting FSEDs are less acute than the ones visiting emergency departments.

The growth of the freestanding ED segment opens up opportunities for independent companies such as Adeptus and hospitals such as HCA Healthcare, Inc. (HCA); Tenet Healthcare Corporation (THC); and Community Health Systems, Inc. (CYH). As the need for emergency room services grows, independent providers such as Adeptus Health and numerous private equity-backed companies are contributing actively to the industry. Also, the large acute care hospitals such as HCA, and others address this demand through the buildout of freestanding emergency rooms.

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U.S. Freestanding Emergency Department Market Report Highlights

• In 2019, Hospital-based off-campus emergency department (OCED) held the largest share in the ownership segment of the U.S. FSED market and is expected to witness lucrative growth during the forecast period. This was attributed to the overcrowding of the hospital emergency department, and availability of high reimbursement for the treatment at OCED when compared with independent freestanding emergency department (IFSED), where no reimbursement is available

• In 2019, Emergency department (ED) held the largest share in the service segment owing to a wide variety of services being provided for immediate care. It includes common medical services, such as treatment for stomach and abdominal pain, fever, headache, cough, back symptoms, and shortness of breath among others

• The imaging service segment is expected to witness the highest growth during the forecast period. Majority of FSEDs offer basic imaging services, such as X-ray, ultrasound, and Computed Tomography (CT) scans. Freestanding emergency departments are either large facilities serving as many as 100 patients per day or small facilities serving 20 or fewer patients per day. Larger FSEDs can also offer MRI and primary care

• Imaging services are expected to register the fastest CAGR of 6.3% over the forecast period, owing to their essential role in the rapid and accurate diagnosis of medical conditions

U.S. Freestanding Emergency Department Market Segmentation

Grand View Research has segmented the U.S. freestanding emergency department market report based on ownership and services:

U.S. Freestanding Emergency Department Ownership Outlook (Revenue, USD Million, 2018 - 2030)

• Off-campus Emergency Department (OCED)

• Independent Freestanding Emergency Department (IFSED)

U.S. Freestanding Emergency Department Services Outlook (Revenue, USD Million, 2018 - 2030)

• Emergency Department (ED) Services

• Laboratory Services

• Imaging Services

List of Key Players in the U.S. Freestanding Emergency Department Market

• TH Medical

• Universal Health Services, Inc.

• CHSPSC, LLC.

• C-HCA, Inc.

• Lifepoint Health, Inc.

• Ardent Health Management Services (AHS Management Company, Inc.)

• Ascension

• Deerfield (Adeptus Health, Inc.)

• Emerus Hospital Partners, LLC