Hospital Emergency Department Market Analysis Reveals Growth Opportunities Amid Rising Demand for Emergency Care Services

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Hospital Emergency Department Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $175.58 billion In 2028 At A CAGR Of 5.2%.

The hospital emergency department market size has grown strongly in recent years. It will grow from $135.48 billion in 2023 to $143.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to population growth and aging, increased urbanization, public health concerns and epidemics, healthcare policy changes, increasing patient awareness.

The hospital emergency department market size is expected to see strong growth in the next few years. It will grow to $175.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to population health management, increasing prevalence of chronic diseases, expansion of emergency medical services (ems), integration of artificial intelligence (ai), global health threat preparedness. Major trends in the forecast period include public-private partnerships, technological innovations in telemedicine, advancements in medical technology, emergency department design innovations, utilization of wearable health technologies.

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Hospital Emergency Department Market Major Segments
The hospital emergency department market covered in this report is segmented -

1) By Connectivity: Wired, Wireless
2) By Health Condition: Cardiac, Neurologic, Traumatic, Gastrointestinal, Infectious, Psychiatric, Other Health Conditions
3) By Application: Remote Medicine Management, Medical Assistance, Medical Connected Imaging, Electronic Health Record and Clinical Workflow, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Other End-users

Key Driver - The Growth Of Hospital Emergency Departments Fueled By Increasing Patient Visits

The prevalence of visits to hospital emergency departments is expected to propel the growth of the hospital emergency department market going forward. An emergency department (ED) is a specialized medical facility that focuses on emergency medicine and delivers prompt outpatient services to patients needing immediate care for their condition. The rising number of patients seeking emergency medical care contributes to the demand for improved facilities, resources, and services in hospital emergency departments. For instance, according to California Health and Human Services Agency, a US-based state agency, as per the 2021 Emergency Department Summary Report, the number of emergency department admits counted 19,62,045, up from 18,51,863 emergency department admits in 2020. Therefore, the prevalence of visits to hospital emergency departments is driving the growth of the hospital emergency department market.

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Prominent Trend - Hospital Emergency Department Market Embracing Technological Advancements For Enhanced Patient Care

Technological advancements are a key trend gaining popularity in the hospital emergency department market. Companies operating in the hospital emergency department market are adopting new technologies to sustain their position in the market. For instance, in December 2021, Shannon Health, a US-based company, implemented PeraHealth's latest clinical decision support platform and introduced RI Triage, a specifically designed for use in the Emergency Department. Shannon Health is one of the pioneering institutions to adopt 'RI Triage,' a streamlined approach to utilizing the Emergency Department (ED). This technology, developed with the help of the Biomedical Advanced Research and Development Authority (BARDA), is intended to help hospitals manage ED care during surges like the COVID-19 pandemic.

Hospital Emergency Department Market Players
Major companies operating in the hospital emergency department market report are Merck & Co. Inc., Thermo Fisher Scientific Inc., Massachusetts General Hospital, Mayo Clinic Hospital, NYC Health Hospitals, University of Michigan Health - Ann Arbor, Cedars-Sinai Medical Center, Barnes-Jewish Hospital, New York-Presbyterian Hospital, Ronald Reagan UCLA Medical Center, Charles River, Texas Health Resources, Baystate Medical Center, QIAGEN, Hartford Hospital, Parkland Health, Lakeland Regional Health, Sharp Grossmont Hospital, St. Joseph's Health, Butler Memorial Hospital, USA Health, Natchitoches Regional Medical Center, Schoolcraft Memorial Hospital, Brigham and Women's Hospital, Grady Memorial Hospital, Baptist Health South Florida, Montefiore Medical Center, Lac+Usc Medical Center

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Largest And Fastest Growing Region In The Market
North America was the largest region in the hospital emergency department market in 2023. The regions covered in the hospital emergency department market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hospital Emergency Department Market Report Structure
3. Hospital Emergency Department Market Trends And Strategies
4. Hospital Emergency Department Market - Macro Economic Scenario
5. Hospital Emergency Department Market Size And Growth
…..
27. Hospital Emergency Department Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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