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Global Micro-Hospitals Market – Industry Trends and Forecast to 2029

  • Medical Devices
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Medical Devices
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Micro-Hospitals Market, By Location (Tier-1 Cities, Tier-2 Cities, Tier-3 Cities), End- User (International Tourists, Corporates, Individuals), Facilities (Physical Therapy, Primary Care, Rotating Specialists, Surgery Centres, On Site X-Ray, Ultrasound)– Industry Trends and Forecast to 2029

Micro-Hospitals Market

Market Analysis and Size

Ambulatory centers and free-standing emergency rooms are the intended markets for these micro-hospitals. It takes less time to build and costs less money, which is a big benefit for the market's growth. Furthermore, certain big-scale hospitals may not be able to provide high-quality facilities due to the enormous influx of patients, which is likely to fuel the expansion of the worldwide micro-hospitals market. Micro-hospitals are also subject to the same licensing requirements and must adhere to the same laws and regulations, making them eligible for medical reimbursement.

Data Bridge Market Research analyses that the micro-hospitals market is expected to undergo a CAGR of 7.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation                       

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Location (Tier-1 Cities, Tier-2 Cities, Tier-3 Cities), End-User (International Tourists, Corporates, Individuals), Facilities (Physical Therapy, Primary Care, Rotating Specialists, Surgery Centres, On Site X-Ray, Ultrasound)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Emerus Hospital Partners, LLC (U.S), SCL Health (U.S), Saint Luke’s Health System (U.S), Baylor Scott & White Health (U.S), CHRISTUS Health (U.S), Dignity Health (U.S)

Market Opportunities

  • Need for large scale hospitals
  • Growing technology along with increasing expectation of patients on healthcare system

Market Definition

Micro-hospitals are in-patient facilities that provide a variety of emergency medical services on a tiny scale. They primarily serve low-acuity patients and offer ambulatory and emergency treatments. Micro-hospitals can help undeveloped communities bridge the gap in healthcare delivery and quality. Micro-hospitals are useful in rural areas because of their cost-effectiveness and intimate delivery strategy.

Micro-Hospitals Market Dynamics

Drivers

  • Increase in importance of micro-hospitals

The market is predicted to develop because of decrease in the rates of large-scale hospitals and an increase in the importance of micro-hospitals as the patient population grows. Other factors expected to drive the micro-hospital market in the forecast period of 2022 to 2029 include increasing technology to provide patients with better healthcare systems, favourable reimbursement policies, lower construction costs, and increased government support to improve healthcare development.

  • Development of micro-hospitals

Micro-hospitals are gaining prominence as they focus on administration gaps in wandering centres and unsupported crisis rooms, such as failing to provide present moment in patient stays. Furthermore, it has an advantage over large-scale hospitals in a few dimensions, such as minimal financial risk and less time spent developing micro-hospitals than large-scale hospitals, which is driving the micro-hospitals market forward. Because the number of patients is limited, micro-hospitals provide patient-centered care, comfort (in terms of the number of administrations available), and easy access to offices.

  • Usage of micro-hospitals

Large volume of patients, several large-scale hospitals will likely be unable to provide the same level of care or offices, resulting in the growth of the micro-hospitals industry. Micro-hospitals require similar permits and must follow the same regulations as large-scale hospitals, making them eligible for reimbursement.

Opportunities

This unmet need for large-scale hospitals is fuelling the micro-hospitals market rapid expansion. Growing technology, along with rising patient expectations of healthcare, poses a huge danger to large-scale hospitals, allowing micro-hospitals to thrive. All of these reasons are driving the micro-hospital industry forward. Micro-hospitals are changing the healthcare landscape by becoming an important part of the system.

Restraints/Challenges

Micro hospital visits have higher patient costs than urgent care visits, which is projected to slow market growth in the forecast period. Due to reduced building costs and higher reimbursement for services than large hospitals and ambulatory surgery clinics, the micro-hospital sector is gaining pace globally. Increasing health-care demand due to a local need for more intensive service offers that traditional hospitals cannot fulfil. Because of the slower acceptance rate of micro-hospitals, the market for micro-hospitals is growing slowly.

This micro-hospitals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the micro-hospitals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 impact on Micro-Hospitals Market

According to the MRFR research, COVID-19's impact on the healthcare market is expected to have a substantial impact on the global industry during the forecast period. To address the current economic crisis, a wide spectrum of government and commercial organisations are collaborating. Vaccines, drugs, diagnostics, and medical devices like ventilators are all in high demand, and large corporations are working hard to supply those demands through research and development, strategic partnerships, and new product releases.

Global Micro-Hospitals Market Scope

The micro-hospitals market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Tier 1 Cities
  • Tier 2 Cities
  • Tier 3 Cities

Application

  • Individual
  • Corporates

Micro-Hospitals Market Regional Analysis/Insights

The micro-hospitals market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the micro-hospitals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing population and increasing investments in healthcare facilities.

North America dominating the market, owing to the rising number of adoptions of micro-hospitals by large hospitals and growing joint ventures between companies to open micro-hospitals. Moreover, growing per capita expenditure on healthcare is expected to fuel the market growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Micro-Hospitals Market Share Analysis

The micro-hospitals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to micro-hospitals market.

Some of the major players operating in the micro-hospitals market are:

  • Emerus Hospital Partners, LLC (U.S)
  • SCL Health (U.S)
  • Saint Luke’s Health System (U.S)
  • Baylor Scott & White Health (U.S)
  • CHRISTUS Health (U.S)
  • Dignity Health (U.S)


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Frequently Asked Questions

The micro-hospitals market is projected to grow at a CAGR of 7.00% during the forecast period of 2022-2029.
The significant factors flourishing the growth of the micro-hospitals market are Increase in importance of micro-hospitals, and Development of micro-hospitals.
The major players operating in the micro-hospitals market are Emerus Hospital Partners, LLC (U.S), SCL Health (U.S), Saint Luke’s Health System (U.S), Baylor Scott & White Health (U.S), CHRISTUS Health (U.S), Dignity Health (U.S).
The major countries covered in the micro-hospitals market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.