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Glycopeptide Antibiotics Market 2024: Trends and Growth Opportunities
The Business Research Company recently released a comprehensive report on the Global General Medical And Surgical Hospitals Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, The general medical and surgical hospitals market size has grown strongly in recent years. It will grow from $3625.32 billion in 2023 to $3855.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to demographic trends and aging population, advancements in medical knowledge and treatment, health insurance coverage expansion, government healthcare policies and funding, preventive care and public health initiatives..
The general medical and surgical hospitals market size is expected to see steady growth in the next few years. It will grow to $4518.66 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to shift toward value-based care models, integration of telehealth and remote patient monitoring, focus on population health management, collaboration and integration with specialized services, evolving healthcare payment and reimbursement models.. Major trends in the forecast period include population health management strategies, shift towards ambulatory and outpatient services, collaboration and integration with community health, focus on value-based care and payment models, investments in healthcare technology infrastructure..
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Market Drivers and Trends:
The increasing prevalence of chronic diseases is expected to propel the growth of the general medical and surgical hospitals market forward. Chronic diseases are diseases that progress slowly over time and usually last 3 months or longer. Chronic disease management programs are being implemented by healthcare organizations to reduce avoidable hospitalizations and adverse events by more effectively managing the health of patients with chronic conditions. As a result, general medical and surgical hospitals can benefit from chronic disease management programs by lowering healthcare costs and improving patient outcomes. For instance, in 2021, according to the International Diabetes Foundation, a Belgium-based umbrella organization of more than 230 national diabetes associations, there were approximately 537 million adult diabetic patients in the world. The number is expected to reach 643 million in 2030 and 783 million in 2045. Additionally, in 2021, according to Cancer Research UK, a UK-based registered cancer charity, in 2021, there was an estimated 1.9 million new cancer cases diagnosed and 608,570 cancer deaths in the United States, an increase from 1.8 million new cancer cases diagnosed and 606,520 cancer deaths reported in 2020. Therefore, the increasing prevalence of chronic diseases is driving the general medical and surgical hospital market.
Technological advancements are a key trend gaining popularity in the general medical and surgical hospitals market. Major companies operating in the general medical and surgical hospitals market are introducing innovative technology-based products such as Remote Diagnostics and Management Platforms (RDMP) to sustain their position in the market. For instance, in April 2021, Mayo Clinic, a US-based academic medical center, launched the Remote Diagnostics and Management Platform (RDMP), a new technology platform that helps clinicians make faster and more accurate diagnoses. The Remote Diagnostics and Management Platform (RDMP) leverages innovative artificial intelligence (AI) algorithms to assist clinical decision-making in real-time. The RDMP allows patients to have more control over their health and make better decisions based on information that is directly delivered to them.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Mayo Clinic Health System; HCA Healthcare Inc.; Cleveland Clinic; Spire Healthcare Group PLC; Ramsay Health Care Ltd.; Ascension; Community Health Systems Inc.; Tenet Healthcare Corporation; Fortis Healthcare Ltd.; Apollo Hospitals Enterprise Ltd.; The Johns Hopkins Health System Corporation; Fresenius Medical Care AG & Co. KGaA; China Resource Phoenix Healthcare Holdings Company Limited; IHH Healthcare Berhad; The University of California San Francisco Medical Center; Massachusetts General Hospital; Cedars-Sinai Medical Center; NewYork-Presbyterian Hospital; UCLA Medical Center; UCSF Medical Center; Brigham and Women's Hospital; Stanford Health Care; Hospital of the University of Pennsylvania; Houston Methodist Hospital; Barnes-Jewish Hospital; Mount Sinai Hospital; Cincinnati Children's Hospital Medical Center; Emory University Hospital; Northwestern Memorial Hospital; NYU Langone Hospitals; UPMC Presbyterian Shadyside; Vanderbilt University Medical Center; University of Michigan Hospitals-Michigan Medicine; Wake Forest Baptist Medical Center; Indiana University Health Medical Center; Oregon Health & Science University Hospital; University of Chicago Medical Center; Duke University Hospital; Thomas Jefferson University Hospitals; Yale New Haven Hospital; UC San Diego Health
General Medical And Surgical Hospitals Market 2024 Key Insights:
• The general medical and surgical hospitals market will grow to $4518.66 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%.
• Rising Prevalence Of Chronic Diseases Boosts Growth In General Medical And Surgical Hospitals Market
• Technological Advancements Shapes Future Of The General Medical And Surgical Hospitals Market
• North America was the largest region in the general medical and surgical hospitals market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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