Overview and Scope
A hospital emergency department (ED) is a department that provides 24-hour emergency care to patients who require immediate medical assistance. It is vital for hospitals and medical practices to provide the best medical or surgical care to patients who need emergency attention.
Sizing and Forecast
The hospital emergency department market size has grown strongly in recent years. It will grow from $135.48 billion in 2023 to $143.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to population growth and aging, increased urbanization, public health concerns and epidemics, healthcare policy changes, increasing patient awareness.
The hospital emergency department market size is expected to see strong growth in the next few years. It will grow to $175.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to population health management, increasing prevalence of chronic diseases, expansion of emergency medical services (ems), integration of artificial intelligence (ai), global health threat preparedness. Major trends in the forecast period include public-private partnerships, technological innovations in telemedicine, advancements in medical technology, emergency department design innovations, utilization of wearable health technologies.
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Segmentation & Regional Insights
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
North America was the largest region in the hospital emergency department market in 2023. The regions covered in the hospital emergency department 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 prevalence of visits to hospital emergency departments is expected to propel the growth of the hospital emergency department market going forward. An emergency department (ED) is a specialized medical facility that focuses on emergency medicine and delivers prompt outpatient services to patients needing immediate care for their condition. The rising number of patients seeking emergency medical care contributes to the demand for improved facilities, resources, and services in hospital emergency departments. For instance, according to California Health and Human Services Agency, a US-based state agency, as per the 2021 Emergency Department Summary Report, the number of emergency department admits counted 19,62,045, up from 18,51,863 emergency department admits in 2020. Therefore, the prevalence of visits to hospital emergency departments is driving the growth of the hospital emergency department market.
Key Industry Players
Major companies operating in the hospital emergency department market report are Merck & Co. Inc., Thermo Fisher Scientific Inc., 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
The hospital emergency department market report table of contents includes:
1. Executive Summary
2. Hospital Emergency Department Market Characteristics
3. Hospital Emergency Department Market Trends And Strategies
4. Hospital Emergency Department Market – Macro Economic Scenario
5. Global Hospital Emergency Department Market Size and Growth
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31. Hospital Emergency Department Market Other Major And Innovative Companies
32. Global Hospital Emergency Department Market Competitive Benchmarking
33. Global Hospital Emergency Department Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hospital Emergency Department Market
35. Hospital Emergency Department Market Future Outlook and Potential Analysis
36.Appendix
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