Acute Care Market Size, Share and Global Trend By Application (Trauma & Injuries, Surgery, Skin Infections, Urinary Tract Infections, Sprains, Strains, & Fractures, Others), By End User (Hospitals, Ambulatory Surgery Centers(ASC), Others) and Regional Forecast, 2024-2032

According to Society of Critical Care Medicines, approximately 20% of acute care admissions and 58% of emergency department are taken to an Intensive Care Unit (ICU), thus increasing the critical care domain of the acute care market. Also, according to Becker's Healthcare, 136.3 million patients annually in the U.S. have emergency visits. Acute Care services focus on promoting, restoring and maintaining the health of a patient. Acute care systems are easy to reach within a time limit, providing all the necessary first line of health service to the patient in an emergency, or critical condition.

They include preventive, curative, rehabilitative, or palliative actions. Acute care telemedicine is also an emerging discipline of the healthcare system, as it provides virtual assistance of their respective specialist in an emergency situation. This system is growing profoundly and is expected to show tremendous growth during the forecast period due to cost-effectiveness, greater convenience for patients, reduction in hospital readmissions, and high-quality care.

With increasing population in the developed as well as developing countries there is an increasing demand for acute care services, thus promoting the developments in the acute care market. Also, being the on-demand market it is attracting savvy entrepreneurs and private equity companies that recognize the earning potential in smart business, and is eventually responsible to drive the global acute care market during the forecast period.

But, in developing and emerging countries there is lack of awareness about acute care systems which is hindering the global growth of acute care market. Also, dynamic government mandates in development of acute care systems is restraining the growth of acute care market.

Key Players Covered

Some of the players in the acute care market are Medsphere Systems Corporation, Sound Physicians, eClinicalWorks, interRAI, American Well, US Acute Care Solutions, LLC, Medisys Inc., Genesis HealthCare, Berkshire Healthcare Systems, Inc., Benedictine Health System, and Others.

SEGMENTATION

Among the end user, hospitals segment is projected to hold a considerable share of the global acute care market due to well-organized infrastructure, advanced healthcare facilities, and higher investments in development of hospital services. According to U.S. Department of Health and Human Services, 99% of large hospitals in the U.S have certified EHR Technology.

Key Insights

• Overview of strategic roles played by major players of acute care market


• Unmet Needs and Gaps in Emerging Countries


• Reimbursement scenario in the key countries


• Recent industry developments such as mergers and acquisitions

Regional Analysis

Geographically, the global acute care market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to register a significant growth in the acute care market owing to increased R&D in the acute care systems, increase in patient pool, and acquisitions between major companies. Asia Pacific is anticipated to register a significant growth in the acute care systems owing to increased demand in rapid healthcare services, increase in economical contribution by public and private players in the acute care systems, and rise in prevalence of disorders that require acute care services.

Key Industry Developments

• In April 2019, Medsphere Systems Corporation announced the launch of WELLSOFT URGENT CARE – a game changer software for urgent care centers, that provides turnkey solutions for Electronic Health Record (EHR), Practice Management (PM), Revenue Cycle Management (RCM), and Patient Engagement solutions.
• In February 2019, Sound Physicians started its TELEMEDICINE SERVICES, a cost-effective physician expertise solution to cater to the needs of acute care patients.
• In February 2019, eClinicalWorks, announced the launch of cloud-based platform for acute care Electronic Health Record (EHR) and Revenue Cycle Management (RCM). This platform has been developed to share data between ambulatory and acute care settings.
• In February 2019, interRAI launched INTERRAI ACUTE CARE- a specialized system that comprises of solutions for emergency department, acute and post-acute care.
• In January 2019, American Well announced the launch of AMERICAN WELL 760 CART – a FDA registered class I device which helps to bring remote specialist into the room to support acute care teams on-site by using the latest video conferencing technology.