Specialty Hospitals Market Dynamics and Industry Overview to 2027 - Prominent Players Analysis: Memorial Sloan-Kettering, Steward Health Care System LLC, Belhoul Speciality Hospital, Advanced Specialty Hospitals, HCA Management Services, TH Medica, Commun

Specialty hospitals can be defined as hospitals that are involved in treatment for a specific medical condition or illness. Initially there were only children or women specialty hospitals which were dedicated to women’s and children’s health issues. With the advent of technology now there are specialty hospitals dedicated to a certain disease like cardiology specialty hospital or a cancer specialty clinic. The need for specialized inpatient and outpatient care has been growing. Specialty hospitals have an important role for treating patients who need special care offering high quality care and safety and enhancing access.

This report studies the global Specialty Hospitals market status and forecast, categorizes the global Specialty Hospitals market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

The global specialty hospitals market is expected to reach US$ 509.10 Bn in 2027 from 401.65 Bn in 2018. The market is estimated to grow with a CAGR of 2.8% from 2018-2027.

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The report segments the global specialty hospitals market as follows:

Global Specialty Hospitals Market – By Type
-Cancer Hospitals
-Cardiac Hospitals
-Rehabilitation Hospitals
-ENT Hospitals
-Neurological Hospitals
-Orthopedic Hospitals
-Others

Global Specialty Hospitals Market – By Geography
-North America
-U.S.
-Canada
-Mexico
-Europe
-UK
-Germany
-France
-Asia Pacific (APAC)
-Japan
-China
-India
-Middle East & Africa (MEA)
-U.A.E
-Saudi Arabia
-South Africa
-South and Central America (SCAM)
-Brazil

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The ageing population is growing every day, the need for inpatient care will witness huge growth. With the number of patients rising, micro-hospitals are steadily evolving. Micro hospitals deliver highly effective treatment in a low-cost setting. The hospital focuses on the community needs and operates within a compact clinical and administration framework. The hospitals facilities range from 15,000 to 60,000 square feet and hospitals offer eight to twelve beds. These smaller facilities provide lower-cost treatment options for patients as compared to the larger hospitals. Micro hospitals offer same services and short hospital stay, thereby reducing the patient cost. As there are lower number of beds, the micro hospitals offer personalized care. Facilities such as micro-hospitals, psychiatric hospitals and other specialty hospitals offer lower cost, patient-centric treatment that is more highly tailored according to the patient needs. Micro-hospitals are better option where there is little or no access to acute or emergency care. Thus, due to these advantages micro hospitals seem to be gaining a foothold and have been springing up in multiple regions. With growing popularity for the micro hospitals to provide cost effective solutions to the patients. The healthcare industry is likely to experience the positive outcomes in the coming future.

Global specialty hospitals market is likely to grow in the forecast period due to the increasing number of the orthopedic hospitals. The high prevalence of orthopedic conditions such as degenerative bone disease, development of innovative orthopedic devices and rising geriatric population and number of road accidents are anticipated to drive the market.

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. The market is expected to grow due to the 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.

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