The General Medical And Surgical Hospitals by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s General Medical And Surgical Hospitals, 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.
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.
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The general medical and surgical hospitals market covered in this report is segmented –
1) By Service Type: Inpatient Service, Outpatient Services
2) By Hospital Type: Private Hospital, State-owned Hospital, Public And Community Hospital
3) By Service Areas: Acute Care, Cardiovascular, Cancer Care, Neurorehabilitation And Psychiatry Services, Pathology Lab, Diagnostics, and Imaging, Obstetrics And Gynecology, Other Services
Top Major Players:
- Mayo Clinic Health System
- HCA Healthcare Inc.
- Cleveland Clinic
- Spire Healthcare Group PLC
- Ramsay Health Care Ltd.
North America was the largest region in the general medical and surgical hospitals market in 2023.
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.
The general medical and surgical hospitals market report table of contents includes:
1. Executive Summary
2. General Medical And Surgical Hospitals Market Characteristics
3. Global General Medical And Surgical Hospitals Market Trends And Strategies
4. General Medical And Surgical Hospitals Market - Macro Economic Scenario
5. Global General Medical And Surgical Hospitals Market Size and Growth
…….
26. Global General Medical And Surgical Hospitals Market Competitive Benchmarking
27. Global General Medical And Surgical Hospitals Market Competitive Dashboard
28. Key Mergers and Acquisitions In General Medical And Surgical Hospitals Market
29. General Medical And Surgical Hospitals Market Future Outlook and Potential Analysis
30. Appendix
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Growth in this market is driven by the growing prevalence and incidence rates of various disorders such as obesity and CVDs; increasing incidence of trauma; growth in the number of accidents and sports-related injuries, which has led to an increase in surgical procedures being performed across the globe.
Also, the need to manage blood loss in patients and R being undertaken to bring innovative products to the market is aiding the market growth.
Better cosmetic outcomes are also increasing the adoption of surgical sealants and adhesives in cosmetic procedures across the globe.The global surgical sealants and adhesives market is expected to reach USD 2.8 billion in 2025 from USD 1.9 billion in 2020, at a CAGR of 8.4% during the forecast period.The natural/biological sealants and adhesives segment is expected to account for the largest share of the market, by product, in 2019By product, the surgical sealants and adhesives market is segmented into natural/biological sealants and adhesives and synthetic & semisynthetic sealants and adhesives.
This segment is further segmented into polypeptide/protein-based sealants and adhesives and polysaccharide-based sealants and adhesives.
The large share of natural/biological sealants and adhesives segment can be attributed to the fact that sealants derived from natural polymers provide superior biocompatibility, reduced immune response, and in vivo degradability as compared to synthetic sealants; and are used to repair injured tissues and reinforce surgical wounds, thus having replaced common suturing techniques.The tissue engineering segment is expected to grow at the highest CAGR during the forecast periodBased on indication, the surgical sealants and adhesives market is segmented into tissue sealing, surgical hemostasis, and tissue engineering.
The tissue engineering segment is projected to witness the highest growth in the market during the forecast period.
