How Has The Hospital Emergency Department Market Size Evolved In Recent Years?
The hospital emergency department market has seen considerable growth due to a variety of factors.
•The market size for the hospital emergency department has notably expanded in the past few years. It is projected to increase from $144.51 billion in 2024 to $152.16 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.3%.
Factors such as population growth and aging, heightened urbanization, public health issues and outbreaks, alterations in healthcare policies, and an increase in patient awareness have contributed to the growth during the previous period.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Hospital Emergency Department Market?
The hospital emergency department market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for hospital emergency departments is projected to exhibit robust growth over the next few years, swelling to $189.66 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 5.7%.
This surge during the forecast period is largely due to factors such as population health management, a rise in chronic diseases, broadening emergency medical services, artificial intelligence integration, and readiness for global health threats. Important trends to watch out for during this period include public-private collaborations, revolutionary technology in telemedicine, medical technology advancements, innovative emergency department designs, and the application of wearable health technologies.
Which Key Drivers Are Propelling The Hospital Emergency Department Market's Growth?
The expected surge in visits to emergency departments of hospitals is anticipated to stimulate the expansion of the hospital emergency department market. An emergency department, which is a dedicated medical establishment focusing on emergency medicine, provides urgent outpatient services to those patients needing immediate medical attention. With the burgeoning number of patients requiring emergency healthcare, there is a growing demand for enhanced facilities, capacity, and services in these emergency departments of hospitals. For example, the Canadian Institute for Health Information, a not-for-profit organization based in Canada, reported in February 2024 that the country experienced 2.96 million acute inpatient hospital admissions in 2022-2023, which marks a rise from 2.88 million visits in 2021-2022. Thus, the increased number of visits to emergency departments in hospitals is contributing to the growth of their market.
What Are The Key Segments Within The Global Hospital Emergency Department Market?
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
Subsegments:
1) By Wired: Ethernet Connections, Serial Connections, Fiber Optic Connections
2) By Wireless: Wi-Fi Connectivity, Bluetooth Connectivity, Cellular Connectivity (4G Or 5G)
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How Are New Trends Impacting The Size Of The Hospital Emergency Department Market?
Major corporations active in the emergency department market for hospitals are prioritizing innovative efforts such as round-the-clock availability and readiness to manage diverse emergencies. Round-the-clock availability pertains to a service or system's ability to be constantly accessible and functional, 24 hours a day, 7 days a week. For example, in June 2024, TriLife Hospital, a healthcare entity located in India, inaugurated an extensive emergency department designed to deliver exhaustive emergency care. A brand new emergency department in Bengaluru meets the growing need for emergency treatment, offering round-the-clock services for various medical, surgical, and trauma-related emergencies. It is equipped with state-of-the-art medical devices, including an operating theatre and imaging machines, ensuring thorough care. The innovative concept of One Patient, One Attender, One Bill enhances patient experiences by allocating a dedicated medical expert to each case. With a brigade of over 100 skilled professionals, the facility stands ready to effectively handle various crisis situations.
Who Are the Key Players in the Hospital Emergency Department Market?
Major companies operating in the hospital emergency department market include:
• 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
What are the Regional Insights into the Hospital Emergency Department Market?
North America was the largest region in the hospital emergency department market in 2024. The regions covered in the hospital emergency department market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
