Overview and Scope
A private hospital refers to a for-profit institution that provides treatment and healthcare services that are privately funded and operated by the owner, who is often a company or a single person. The private hospital provides medical and surgical treatment to sick and injured patients.
Sizing and Forecast
The private hospital market size has grown rapidly in recent years. It will grow from $3168.57 billion in 2023 to $3667.59 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to competitive market dynamics, disease prevalence and treatment needs, healthcare consumerism, healthcare professional recruitment, quality and accreditation..
The private hospital market size is expected to see rapid growth in the next few years. It will grow to $6489.38 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to healthcare digitization, aging population, health insurance expansion, rising disposable income, medical tourism expansion.. Major trends in the forecast period include technology integration, telemedicine expansion, data analytics and ai, healthcare staff well-being, precision medicine, population health management..
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Segmentation & Regional Insights
The private hospital market covered in this report is segmented –
1) By Category: Children’s Hospital, Multispecialty Hospitals, Acute Care Hospitals, Specialty Hospitals
2) By Capacity: Large (>500 Beds), Medium (100 Beds-500 Beds), Small (100 Beds)
3) By Location: Rural, Urban
North America was the largest region in the private hospital market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the private hospital market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising death rate due to chronic diseases is expected to propel the private hospital market. Chronic diseases refer to an illness that lasts for a year or longer that requires ongoing medical attention. Private hospitals provide a crucial chance to begin managing chronic illnesses properly and address preventative health concerns. For instance, according to data published in April 2021 by the World Health Organization, a Switzerland-based health organization for international public health, 41 million people die every year due to chronic diseases globally, close to 71% of all deaths. Therefore, the rising death rate due to chronic diseases is driving the growth of the private hospital market.
Key Industry Players
Major companies operating in the private hospital market report are Toulon Hyeres Private Hospital, Deaconesses Croix Saint, Nuffield Health, London Bridge Healthcare, Ramsay Health Care, HCA Healthcare Inc., Spire Healthcare Group plc, Meoclinic GmbH, Fortis Healthcare Limited, Fresenius SE & Co. KGaA, Life Healthcare Group, Max Superspecialty Hospital Group, Apollo Hospitals Enterprise Ltd., IASIS Healthcare LLC, Ascension Health, Community Health Systems Inc., Universal Health Services Inc., Tenet Healthcare Corporation, LifePoint Health Inc., Kindred Healthcare LLC, Encompass Health Corporation, Acadia Healthcare Company, Select Medical Holdings Corporation, Universal Health Realty Income Trust, Medical Properties Trust Inc., National Healthcare Corporation, Surgery Partners Inc., Surgery Care Affiliates Inc., Surgery Center Holdings LLC, IHH Healthcare Berhad
The private hospital market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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