The U.S. academic medical centers market size is expected to reach USD 1.44 trillion by 2030. It is projected to register a CAGR of 5.37% during the forecast period. The market's growth can be attributed to better access to the latest breakthroughs and treatment procedures and the launch of new AMCs in the U.S.
Academic Medical Centers (AMCs) are rapidly shifting towards the latest technologies and treatment models owing to the rising research funding from the federal government. For instance, in May 2022, the University of Maryland School of Medicine partnered with University of Maryland College Park (UMCP) computer scientists, engineers, and University of Michigan physician-scientists to launch MIXR, a new Center for Medical Innovations in Extended Reality. Such initiatives by the major facilities are expected to drive the market's growth over the forecast period.
The COVID-19 pandemic has negatively impacted the market's growth during the initial phase, owing to reduced patient demand and closures of research operations at these centers to limit the spread of the virus. Moreover, medical education was significantly impacted. Many medical schools had to transition to virtual or hybrid learning models, disrupting traditional in-person clinical rotations and hands-on training. However, the pandemic accelerated the adoption of telemedicine and virtual care models. Academic medical centers had to quickly implement telehealth solutions to continue providing patient care while minimizing in-person interactions. This shift prompted a reconsideration of healthcare delivery models.
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Academic Medical Centers (AMCs) are rapidly shifting towards the latest technologies and treatment models owing to the rising research funding from the federal government. For instance, in May 2022, the University of Maryland School of Medicine partnered with University of Maryland College Park (UMCP) computer scientists, engineers, and University of Michigan physician-scientists to launch MIXR, a new Center for Medical Innovations in Extended Reality. Such initiatives by the major facilities are expected to drive the market's growth over the forecast period.
The COVID-19 pandemic has negatively impacted the market's growth during the initial phase, owing to reduced patient demand and closures of research operations at these centers to limit the spread of the virus. Moreover, medical education was significantly impacted. Many medical schools had to transition to virtual or hybrid learning models, disrupting traditional in-person clinical rotations and hands-on training. However, the pandemic accelerated the adoption of telemedicine and virtual care models. Academic medical centers had to quickly implement telehealth solutions to continue providing patient care while minimizing in-person interactions. This shift prompted a reconsideration of healthcare delivery models.
U.S. Academic Medical Centers Market Report Highlights
- Based on the region, the Northeast region held the largest market share in 2022. Many prestigious universities and research institutions that often collaborate with academic medical centers are available in the region, which contributes to the high market share
- Numerous AMCs expanded their revenue streams by engaging in various community health system and physician partnerships. For instance, in October 2022, Tulanve University and LCMC Health partnered for care expansion across Southeast Louisiana and to improve medical training and innovation in the region
- The adoption of technologically advanced solutions such as telehealth, EHR, and others is expected to improve patient care and enhance the profitability of the facilities. This is contributing to the growth of the market
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, & Scope
Chapter 4. U.S. Academic Medical Centers (AMC) Market: Region Estimates & Trend Analysis
Chapter 5. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Cleveland Clinic
- Weill Cornell Medicine
- Vanderbilt University Medical Center
- University Hospitals
- The General Hospital Corporation (Massachusetts General Hospital)
- Stanford Health Care
- UAB Health System
- Mayo Foundation for Medical Education and Research (Mayo Clinic)
- Icahn School of Medicine at Mount Sinai
- Cedars-Sinai
- The Johns Hopkins University
- UC San Diego Health
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 78 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 949 Billion |
| Forecasted Market Value ( USD | $ 1440 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | United States |
| No. of Companies Mentioned | 12 |
