Global Private Hospital market size 2024, Forecast To 2033
4 Mar, 2024
The private hospital market size has witnessed rapid expansion, surging from$3168.57 billion in 2023 to$3667.59 billion in 2024, with a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period is attributed to competitive market dynamics, disease prevalence and treatment needs, healthcare consumerism, healthcare professional recruitment, and quality and accreditation. Expected to sustain its rapid growth, the market is anticipated to reach$6489.38 billion in 2028, showcasing a CAGR of 15.3%. Major trends in the forecast period include technology integration, telemedicine expansion, data analytics and AI, healthcare staff well-being, precision medicine, and population health management.
Global Private Hospital Market Key Driver
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. The private hospital market is projected to expand significantly, reaching $X billion by 2023 and is forecasted to grow to $Y billion by 2028.
Get A Free Sample Of The Global Private Hospital Market ReportGlobal Private Hospital Market Segments
The global 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
By Geography: The regions covered in the private hospital market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Private Hospital Industry Players
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
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Private Hospital Market Overview
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.
Private Hospital Global Market Report 2023 provides data on the global private hospital market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The private hospital market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.