Hospital Emergency Department Market Research Analysis And In-Depth Qualitative Insights And Future Growth

The new report published by The Business Research Company, titled Hospital Emergency Department Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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

Contents of the report:
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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