Global Micro-Hospitals Market – Industry Trends and Forecast to 2030

Micro-Hospitals Market Analysis and Size

The growth in the market can be due to the growing demand for quality healthcare services and the increasing trend of medical tourism. Additionally, some big-scale hospitals may not be able to offer high-quality facilities because of the enormous influx of patients, which will expand the market. It should also be noted that micro-hospitals are subject to the same licensing requirements and must follow the same laws and regulations, making them suitable for medical reimbursement.

Data Bridge Market Research analyses that the micro-hospitals market, which was USD 245.82 billion in 2022, would rise to USD 455 billion by 2030 and is expected to undergo a CAGR of 8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Micro-Hospitals Market Scope and Segmentation

Market Definition

Micro-hospitals are a kind of hospital that has less than 100 beds. Micro-hospitals are in-patient facilities that offer several emergency medical services on a tiny scale. They mainly assist low-acuity patients and provide ambulatory and emergency treatments. These hospitals can help undeveloped communities to maintain the gap between healthcare delivery and quality. Micro-hospitals benefit rural areas due to their cost-effectiveness and rapid delivery strategy. It can be important for people living in rural areas with health problems requiring them to be under consistent medical care.

Global Micro-Hospitals Market Dynamics

Drivers

• Huge Development of Micro-Hospitals

Micro-hospitals are gaining importance as they focus on administration gaps in wandering centers and unsupported crisis rooms. Additionally, it has a great advantage over large-scale hospitals in a few ways, such as nominal financial risk and less time spent on developing micro-hospitals than large-scale hospitals. Micro-hospitals offer comfort, patient-centered care, and easy access to offices as the number of patients is limited. Thus, this factor boosts market growth.

• Cost-effective Nature of Micro-Hospitals

As compared to full-service hospitals, micro-hospitals are much cheaper and faster to build and take up less space. The cost varies based on the community the hospital is in and the type of hospital, But depending on the additional services offered, the Advisory Board estimates building a micro-hospital can cost anywhere from $7 million to $30 million. Thus, te cost-effective nature of micro-hospitals is a great factor for the market growth.

Opportunities

• Increasing Reimbursement Policies and Expenditure

The increasing per capita expenditure on healthcare is boosting market growth. Reimbursement benefits at micro-hospitals due to plans such as the affordable care act is also helping in boosting the market growth. As per CDC, around 90% of people in the U.S. have insurance coverage plans. Approximately 19 states in the U.S. have micro-hospitals. Thus, this factor boosts market growth.  

• Growing Strategic Developments and Agreements between Market Players

An increasing rate of micro-hospitals is boosting the market's growth. Mercy Health, Franciscan Health, Christus Health, and Dignity Health planned to launch new micro-hospitals in the U.S. Furthermore, Emerus and Memorial Hermann Health System 2017 agreed to launch micro-hospitals in 2017 U.S. Thus, these factors are increasing the market growth.

Restraints/Challenges

• Limited Availability of Medical Services

Micro-hospitals are meant to deal with a huge range of healthcare problems. Though, because of their small scale, they cannot handle all medical issues. Few cases might need to be shifted to larger facilities with better equipment and advanced technologies with experienced doctors to handle their situation for continued care and treatment. Thus, this factor is restricting the market growth.

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.

Global Micro-Hospitals Market Scope

The micro-hospitals market is segmented on the basis of location, end user and facilities. 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.

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

Micro-Hospitals Market Regional Analysis/Insights

The micro-hospitals market is analyzed and market size insights and trends are provided by location, end user and facilities 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.

North America dominates the micro-hospitals market due to the increasing number of adoptions of micro-hospitals by large hospitals and increasing collaborations between major companies to open micro-hospitals. Additionally, increasing per capita expenditure on healthcare is anticipated to boost market growth.

Asia-Pacific is expected to grow significantly due to growing healthcare expenditure, increasing awareness about quality medical services among individuals, and supportive government initiatives. In addition, increasing investments by international market players to develop their businesses are expected to drive growth across this region.

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.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The micro-hospitals market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for micro-hospitals market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the micro-hospitals market. The data is available for historic period 2011-2021.

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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