U.S. Hospital Emergency Department Industry Overview
The U.S. hospital emergency department market size is expected to reach USD 246.3 billion by 2030, registering a CAGR of 5.7%, according to a new report by Grand View Research, Inc. Rising prevalence of diseases requiring immediate care such as cardiac arrest is expected to drive the growth of this market. Hospital Emergency Departments (EDs) are preferred by such individuals in need of emergency care due to the 24-hour availability of care over other medical centers. There has been an increase in the number of patients with acute psychiatric crises visiting hospital EDsin the last few years.
According to National Hospital Ambulatory Medical Care Survey, in 2018, there were around 1.15 million ED visits due to problems related to psychological and mental disorders. Furthermore, a total of 2.4 million ED visits occurred due to diseases of the nervous system. Neurologic emergencies include conditions such as stroke, migraine, Alzheimer's disease, and others. Stroke is a major contributor to ED visits, with around 795,000 individuals suffering a stroke annually. This is likely to increase the number of ER visits in the coming years.
To meet the high demand for EDs and create awareness, hospitals are adopting new technologies and conducting various business activities. For instance, in May 2019, Montefiore Medical Center installed communication systems in the emergency room, which facilitates prehospital communication between ED staff and first responders. Similarly, in July 2019, Clarion Hospital collaborated with Allegheny Health Network to bring Advanced Telestroke Services to its ED to treat patients suffering from stroke symptoms.
Moreover, there is a trend of adopting new treatment options, such as Artificial Intelligence (AI), and telehealth for emergency care of acute illnesses and injuries. For instance, in October 2020, Northwestern Memorial Hospital partnered with Caption Health to acquire Caption AI, the AI technology for ultrasound, for use in EDs. Such measures are expected to increase demand for emergency care due to growing awareness about the availability of accurate and quick treatment options and increasing adoption of new technologies.
The onset of the COVID-19 pandemic resulted in revenue loss for emergency departments in the United States, due to the substantial reductions in the number of ED visits. The decline in visits was largely due to people delaying treatment to avoid infection, a decrease in surgery volume, and social distancing restrictions. According to a study from researchers at Yale and the Mayo Clinic, ED visits declined by 41.5% (in Colorado) to 63.5% (in New York) in the year after the pandemic outbreak.
U.S. Hospital Emergency Department Market Segmentation
Grand View Research has segmented the U.S. hospital emergency department market on the basis of insurance type and condition:
Based on the Insurance Type, the market is segmented into Medicare Medicaid, and Private Others.
- The private and others segment dominated the market for U.S. hospital emergency departments and accounted for the largest revenue share of 53.0% in 2021. The segment is anticipated to witness substantial growth over the forecast period owing to the increasing number of commercial insurance providers and rising disposable income.
- The Medicare and Medicaid segment held a significant share in the market for U.S. hospital emergency departments. This can be attributed to the high number of beneficiaries covered under Medicare. According to CMS, it is estimated that around 61.5 million Americans are enrolled in Medicare in 2021.
Based on the Condition, the market is segmented into Traumatic Conditions, Gastrointestinal Conditions, Psychiatric Conditions, Cardiac Conditions, Neurologic Conditions, Infectious Conditions, and Other Conditions.
- According to CDC National Hospital Ambulatory Medical Care Survey, in 2018, fever and cough accounted for a total of 5,837,000 and 4,955,000 emergency visits, respectively, in the U.S. The segment is projected to witness the highest CAGR of 6.1% during the forecast period owing to the high transmissibility of infectious diseases.
- Significant increases in the number of motor vehicle accidents and increasing incidence of spinal cord injury, TBI, unintentional falls, and concussion are expected to drive the growth of the traumatic conditions segment. Traumatic Brain Injury (TBI) is a major cause of disability and death in the U.S. As per the National Hospital Ambulatory Medical Care Survey, there were 0.3 million ED visits due to accidents and 35 million ED visits due to injury in the U.S. This is likely to favor segment growth.
Key Companies Market Share Insights
The market for hospital emergency departments in the U.S. is characterized by the increasing focus of hospitals on the adoption of technologically advanced tools for facilitating improved ED services to patients. Expansion of the existing EDs and partnering with providers of emergency service management are key strategies adopted by hospitals to tackle the problem of ED overcrowding. The market for hospital emergency departments in the U.S. is highly competitive as hospitals are competing to provide better service and improved patient experience. Service providers are aiming to obtain accreditations and certifications to increase their credibility among patients.
For instance, in May 2018, St. Joseph’s Health Geriatric Emergency Department received accreditation from the American College of Emergency Physicians (ACEP). The hospitals are also partnering with other organizations to improve their medical services. In March 2017, Clarion Hospital partnered with Allegheny Health Network Emergency Medicine Management to receive physician staffing for its ED. This is expected to intensify the market competition over the forecast period. Some of the prominent players in the U.S. hospital emergency department market include:
- Parkland Health Hospital System
- Lakeland Regional Health
- Joseph’s Health
- Natchitoches Regional Medical Center
- Schoolcraft Memorial Hospital
- Clarion Hospital
- USA Health
- Baptist Health South Florida
- Montefiore Medical Center
- Lac+Usc Medical Center
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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