Specialty Hospitals Market to grow at 2.8% CAGR to 2027 driven by Increasing Incidences Of Chronic Diseases and Growing Geriatric Population

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 Bn in 2018 and is estimated to reach US$ 509.10 Bn 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.

Diabetes among geriatric population is a growing public health burden worldwide. It is a major cause morbidity and mortality in ageing population that later largely attributable to various chronic complications. Ageing population is poised to become one of the most significant transformation with a heavy impact on the social and economic level across the globe. These population is growing exponentially worldwide. According to a report of United Nation (2017), there were approximately 962 million people aged 60 or over across the globe in 2017 and was projected to reach to 425 million by 2050.

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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.

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.

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.

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TABLE OF CONTENTS

1. INTRODUCTION 16
1.1 SCOPE OF THE STUDY 16
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 16

2. GLOBAL SPECIALTY HOSPITALS MARKET - KEY TAKEAWAYS 18

3. GLOBAL SPECIALTY HOSPITALS MARKET - MARKET LANDSCAPE 20
3.1 OVERVIEW 20
3.2 MARKET SEGMENTATION 20
3.2.1 Global Specialty hospitals Market - By Type 21
3.2.2 Global Specialty hospitals Market - By Geography 22
3.3 PEST ANALYSIS 23
3.3.1 North America - PEST Analysis 23
3.3.2 Europe- PEST Analysis 25
3.3.3 Asia Pacific- PEST Analysis 27
3.3.4 Middle East And Africa- PEST Analysis 29
3.3.5 South and Central America - PEST Analysis 31
3.4 LIST OF REHABILITATION HOSPITALS, CLINICS AND CENTERS, BY REGION 33

4. GLOBAL SPECIALTY HOSPITALS MARKET - KEY MARKET DYNAMICS 35
4.1 KEY MARKET DRIVERS 35
4.1.1 Increasing Incidences Of Chronic Diseases 35
4.1.2 Growing Public Private Partnership in Healthcare Industry 35
4.1.3 Growing Geriatric Population 36
4.2 KEY MARKET RESTRAINTS 36
4.2.1 High Costs Of Specialty Hospitals 36
4.2.2 Rising Concerns over Specialty Hospitals 37
4.3 KEY MARKET OPPORTUNITIES 37
4.3.1 Growing Super Specialty and Multi-Specialty hospitals 37
4.4 KEY MARKET TRENDS 38
4.4.1 Micro-Hospitals Gaining Popularity 38
4.5 IMPACT ANALYSIS 38

5. SPECIALTY HOSPITALS MARKET - GLOBAL ANALYSIS 39
5.1 GLOBAL SPECIALTY HOSPITALS MARKET REVENUE FORECASTS AND ANALYSIS 39
5.2 GLOBAL SPECIALTY HOSPITALS MARKET, BY GEOGRAPHY - FORECASTS AND ANALYSIS 40
5.3 MARKET POSITIONING 41
5.4 PERFORMANCE OF KEY PLAYERS 41
5.4.1 Encompass Health Corporation: 41
5.4.2 Select Medical Corporation (Kessler Institute for Rehabilitation) 41
5.5 EXPERT OPINIONS 42

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