What’s driving the Specialty Hospitals market trends?
According to a new market research study titled ‘Specialty Hospitals Market to 2027 – Global Analysis and Forecasts by Type, the global specialty hospitals market was valued at US$ 401.65 Billion in 2018 and is estimated to reach US$ 509.10 Billion by 2027. The market is estimated to grow with a CAGR of 2.8% from 2019-2027.The report highlights the trends prevalent in the global specialty hospitals market and the factors driving the market along with those that act as deterrents to its growth.
Global specialty hospitals market is expected to grow in the coming years, owing to the factors such as, increasing incidences of chronic diseases, growing public private partnership in healthcare industry and growing geriatric population are boosting growth of specialty hospital market. However, high costs of specialty hospitals and rising concerns over specialty hospitals is anticipated to restrain the market growth.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period. North American market is driven by the factors such as, increasing focus to reduce waiting time in hospitals in the region.
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The major players operating in the specialty hospitals market include:-
Encompass Health Corporation, Kindred Healthcare Inc., Memorial Sloan-Kettering, Steward Health Care System LLC, Belhoul Speciality Hospital, Advanced Specialty Hospitals, HCA Management Services, L.P., TH Medica, Community Health Systems, Inc., and Universal Health Services, Inc.
What the report features:-
– Global analysis of Specialty Hospitals market from 2017 – 2027 illustrating the progression of the market.
– Forecast and analysis of Specialty Hospitals market by Dosage, Route of Administration and Application from 2017 – 2027.
– Forecast and analysis of Specialty Hospitals market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
The global specialty hospitals market by type was led by cardiac hospitals segment. In 2018, the insulin pens segment held a largest market share of 23.2% of the specialty hospitals market, by type. The cardiac hospitals segment is expected to dominate the market in 2027, due to rising prevalence of cancer cases across the globe.
Global specialty hospitals market, based on the type is segmented as cardiac hospitals, cancer hospitals, rehabilitation hospitals, ENT hospitals, neurology hospitals, orthopedic hospitals and others. The cardiac hospitals segment held the largest market share in the specialty hospitals. In 2018, the orthopedic hospitals held the second largest market for the specialty hospitals in the market. The rehabilitation hospitals market is expected to grow at a faster pace in the forecast period due to the increasing number of patients who require rehabilitation treatments. According to the American Association of Neurological Surgeons (AANS), there are about 1.7 million cases of TBI occur in the U.S. every year.
Strategic Insights:-
Expansions and agreements were observed as the most adopted strategy in global specialty hospitals industry. Few of the expansions and agreements made by the players in the market are listed below:
2019: In January, 2018, Tenet Healthcare Corporation and Anthem Blue Cross signed a new multi -year agreement.
2016: In March, 2016, Memorial Sloan Kettering launched Teen and Young Adult (TYA) Programs to offer special services for people. Moreover, MSK opened a lounge, especially for this teen and adult age group.
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Key Benefits of Buying this Research Study:
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Specialty Hospitals Market
– Highlights key business priorities in order to assist companies to realign their business strategies
– The key findings and recommendations highlight crucial progressive industry trends in the Specialty Hospitals Market, thereby allowing players across the value chain to develop effective long term strategies
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
– Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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