Specialty Hospitals Market by Consumption Volume, Emerging Trends and Industry Growth by 2027 Profiling Top Most Key Players Encompass Health, Kindred Healthcare, Memorial Sloan-Kettering, Steward Health Care System
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.
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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Companies Profiles in this Study 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.
- Universal Health Services, Inc.
- Select Medical Corporation (Kessler Institute for Rehabilitation)
Also, according to the World Health Organization in 2018, cancer was the second leading cause of death across the globe, and is responsible for an estimated 9.6 million deaths in 2018. Furthermore, the American Cancer Society estimated that in 2018, 1,735,350 new cancer cases were diagnosed.
Cardiology specialty hospitals treat several heart conditions that helps in relieving and controlling the symptoms. According to Emory Healthcare in 2018, around 5 million people in America suffer from congestive heart failure (CHF).
Specialty Hospitals Market is worth to be US$ 509.10 Million and expected to grow with a CAGR of 2.8% by 2027.
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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.
SPECIALTY HOSPITALS – MARKET SEGMENTATION
• Cancer Hospitals
• Cardiac Hospitals
• Rehabilitation Hospitals
• Neurological Hospitals
• Orthopedic Hospitals
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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– 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 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 products, segmentation and industry verticals.
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