The hospital emergency department market size has grown strongly in recent years. It will grow from $135.48 billion in 2023 to $143.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth observed in the historical period can be ascribed to factors such as population growth and aging, heightened urbanization, concerns related to public health and epidemics, changes in healthcare policies, and a growing awareness among patients.
The hospital emergency department market size is expected to see strong growth in the next few years. It will grow to $175.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to factors such as population health management, the rising prevalence of chronic diseases, the expansion of emergency medical services (EMS), the integration of artificial intelligence (AI), and preparedness for global health threats. Major trends expected in the forecast period include the formation of public-private partnerships, technological advancements in telemedicine, progress in medical technology, innovative designs for emergency department facilities, and the utilization of wearable health technologies.
The increasing prevalence of visits to hospital emergency departments is anticipated to drive the growth of the hospital emergency department market in the future. An emergency department (ED) is a specialized medical facility focused on emergency medicine, providing prompt outpatient services to patients in need of immediate care. The growing number of patients seeking emergency medical attention contributes to the demand for enhanced facilities, resources, and services in hospital emergency departments. For example, according to the California Health and Human Services Agency, a US-based state agency, the 2021 Emergency Department Summary Report indicated that the number of emergency department admissions reached 1,962,045, up from 1,851,863 emergency department admissions in 2020. Therefore, the increasing prevalence of visits to hospital emergency departments is propelling the growth of the hospital emergency department market.
The escalating aging population is expected to drive the growth of the hospital emergency department market in the future. The term 'aging population' refers to a demographic trend characterized by a growing proportion of elderly individuals within a society or population. The aging population utilizes hospital emergency departments for immediate and specialized medical care, addressing acute health issues, managing chronic conditions, and seeking prompt intervention for age-related health challenges. For instance, in October 2022, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, the world's population of people aged 60 years and older is growing rapidly, and it is expected to double by 2050, reaching 2.1 billion. Therefore, the rising aging population is propelling the growth of the hospital emergency department market.
Technological advancements emerge as a prominent trend gaining traction in the hospital emergency department market. Companies within the market are adopting new technologies to maintain their competitive positions. For example, in December 2021, Shannon Health, a US-based company, implemented PeraHealth's latest clinical decision support platform, introducing RI Triage, specifically designed for use in the Emergency Department. Shannon Health is among the pioneering institutions to adopt 'RI Triage,' a streamlined approach for utilizing the Emergency Department (ED). Developed with the support of the Biomedical Advanced Research and Development Authority (BARDA), this technology aims to assist hospitals in managing ED care during surges, such as the challenges posed by the COVID-19 pandemic.
Major companies operating in the hospital emergency department market are focusing on developing innovative products, including communication tools, to enhance the experience of patients visiting the emergency department. A communication tool is a resource or system designed to facilitate clear and effective communication. For instance, in January 2023, Owensboro Health Regional Hospital (OHRH), a US-based hospital, launched the ERAdvisor communication tool, a mobile platform providing real-time information on wait times, lab and imaging results, and facilitating secure sharing with family and friends. The tool aims to improve patient satisfaction and understanding of the emergency process, ultimately contributing to better patient care.
In October 2022, Beckman Coulter Diagnostics, a US-based company engaged in developing, manufacturing, and marketing biomedical testing products, acquired StoCastic, LLC for an undisclosed amount. This acquisition marks a significant milestone for Beckman Coulter as it advances its strategy to develop a comprehensive portfolio of Clinical Decision Support (CDS) solutions. StoCastic LLC, a US-based company specializing in artificial intelligence, provides evidence-based decision support for hospital emergency departments (ED).
Major companies operating in the hospital emergency department market report are Merck & Co. Inc., Thermo Fisher Scientific Inc., Massachusetts General Hospital, Mayo Clinic Hospital, NYC Health Hospitals, University of Michigan Health - Ann Arbor, Cedars-Sinai Medical Center, Barnes-Jewish Hospital, New York-Presbyterian Hospital, Ronald Reagan UCLA Medical Center, Charles River, Texas Health Resources, Baystate Medical Center, QIAGEN, Hartford Hospital, Parkland Health, Lakeland Regional Health, Sharp Grossmont Hospital, St. Joseph’s Health, Butler Memorial Hospital, USA Health, Natchitoches Regional Medical Center, Schoolcraft Memorial Hospital, Brigham and Women's Hospital, Grady Memorial Hospital, Baptist Health South Florida, Montefiore Medical Center, Lac+Usc Medical Center.
North America was the largest region in the hospital emergency department market in 2023. The regions covered in the hospital emergency department market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hospital emergency department market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Connectivity within the hospital emergency department primarily falls into two categories wired and wireless. Wired connectivity involves the use of physical cables or wires to establish connections between devices or networks. This method encompasses the transmission of data or signals through tangible mediums such as copper wires, fiber optic cables, or coaxial cables. Wired connectivity is instrumental in hospitals' emergency departments, ensuring efficient and dependable communication and data transfer within the healthcare environment. The hospital emergency department is equipped to handle diverse medical conditions, including cardiac, neurologic, traumatic, gastrointestinal, infectious, psychiatric, among others. Applications of hospital emergency departments encompass remote medicine management, medical assistance, medical-connected imaging, electronic health records, clinical workflow, and more, catering to the needs of hospitals, ambulatory surgical centers (ASCs), and similar healthcare entities.
The hospital emergency department market research report is one of a series of new reports that provides hospital emergency department market statistics, including the hospital emergency department industry's global market size, regional shares, competitors with a hospital emergency department market share, detailed hospital emergency department market segments, market trends, and opportunities, and any further data you may need to thrive in the hospital emergency department industry. This hospital emergency department market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hospital emergency department market includes revenues earned by immediate medical care, triage, acute treatment, complex investigation and diagnostic services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The hospital emergency department market size is expected to see strong growth in the next few years. It will grow to $175.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to factors such as population health management, the rising prevalence of chronic diseases, the expansion of emergency medical services (EMS), the integration of artificial intelligence (AI), and preparedness for global health threats. Major trends expected in the forecast period include the formation of public-private partnerships, technological advancements in telemedicine, progress in medical technology, innovative designs for emergency department facilities, and the utilization of wearable health technologies.
The increasing prevalence of visits to hospital emergency departments is anticipated to drive the growth of the hospital emergency department market in the future. An emergency department (ED) is a specialized medical facility focused on emergency medicine, providing prompt outpatient services to patients in need of immediate care. The growing number of patients seeking emergency medical attention contributes to the demand for enhanced facilities, resources, and services in hospital emergency departments. For example, according to the California Health and Human Services Agency, a US-based state agency, the 2021 Emergency Department Summary Report indicated that the number of emergency department admissions reached 1,962,045, up from 1,851,863 emergency department admissions in 2020. Therefore, the increasing prevalence of visits to hospital emergency departments is propelling the growth of the hospital emergency department market.
The escalating aging population is expected to drive the growth of the hospital emergency department market in the future. The term 'aging population' refers to a demographic trend characterized by a growing proportion of elderly individuals within a society or population. The aging population utilizes hospital emergency departments for immediate and specialized medical care, addressing acute health issues, managing chronic conditions, and seeking prompt intervention for age-related health challenges. For instance, in October 2022, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, the world's population of people aged 60 years and older is growing rapidly, and it is expected to double by 2050, reaching 2.1 billion. Therefore, the rising aging population is propelling the growth of the hospital emergency department market.
Technological advancements emerge as a prominent trend gaining traction in the hospital emergency department market. Companies within the market are adopting new technologies to maintain their competitive positions. For example, in December 2021, Shannon Health, a US-based company, implemented PeraHealth's latest clinical decision support platform, introducing RI Triage, specifically designed for use in the Emergency Department. Shannon Health is among the pioneering institutions to adopt 'RI Triage,' a streamlined approach for utilizing the Emergency Department (ED). Developed with the support of the Biomedical Advanced Research and Development Authority (BARDA), this technology aims to assist hospitals in managing ED care during surges, such as the challenges posed by the COVID-19 pandemic.
Major companies operating in the hospital emergency department market are focusing on developing innovative products, including communication tools, to enhance the experience of patients visiting the emergency department. A communication tool is a resource or system designed to facilitate clear and effective communication. For instance, in January 2023, Owensboro Health Regional Hospital (OHRH), a US-based hospital, launched the ERAdvisor communication tool, a mobile platform providing real-time information on wait times, lab and imaging results, and facilitating secure sharing with family and friends. The tool aims to improve patient satisfaction and understanding of the emergency process, ultimately contributing to better patient care.
In October 2022, Beckman Coulter Diagnostics, a US-based company engaged in developing, manufacturing, and marketing biomedical testing products, acquired StoCastic, LLC for an undisclosed amount. This acquisition marks a significant milestone for Beckman Coulter as it advances its strategy to develop a comprehensive portfolio of Clinical Decision Support (CDS) solutions. StoCastic LLC, a US-based company specializing in artificial intelligence, provides evidence-based decision support for hospital emergency departments (ED).
Major companies operating in the hospital emergency department market report are Merck & Co. Inc., Thermo Fisher Scientific Inc., Massachusetts General Hospital, Mayo Clinic Hospital, NYC Health Hospitals, University of Michigan Health - Ann Arbor, Cedars-Sinai Medical Center, Barnes-Jewish Hospital, New York-Presbyterian Hospital, Ronald Reagan UCLA Medical Center, Charles River, Texas Health Resources, Baystate Medical Center, QIAGEN, Hartford Hospital, Parkland Health, Lakeland Regional Health, Sharp Grossmont Hospital, St. Joseph’s Health, Butler Memorial Hospital, USA Health, Natchitoches Regional Medical Center, Schoolcraft Memorial Hospital, Brigham and Women's Hospital, Grady Memorial Hospital, Baptist Health South Florida, Montefiore Medical Center, Lac+Usc Medical Center.
North America was the largest region in the hospital emergency department market in 2023. The regions covered in the hospital emergency department market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hospital emergency department market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Connectivity within the hospital emergency department primarily falls into two categories wired and wireless. Wired connectivity involves the use of physical cables or wires to establish connections between devices or networks. This method encompasses the transmission of data or signals through tangible mediums such as copper wires, fiber optic cables, or coaxial cables. Wired connectivity is instrumental in hospitals' emergency departments, ensuring efficient and dependable communication and data transfer within the healthcare environment. The hospital emergency department is equipped to handle diverse medical conditions, including cardiac, neurologic, traumatic, gastrointestinal, infectious, psychiatric, among others. Applications of hospital emergency departments encompass remote medicine management, medical assistance, medical-connected imaging, electronic health records, clinical workflow, and more, catering to the needs of hospitals, ambulatory surgical centers (ASCs), and similar healthcare entities.
The hospital emergency department market research report is one of a series of new reports that provides hospital emergency department market statistics, including the hospital emergency department industry's global market size, regional shares, competitors with a hospital emergency department market share, detailed hospital emergency department market segments, market trends, and opportunities, and any further data you may need to thrive in the hospital emergency department industry. This hospital emergency department market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hospital emergency department market includes revenues earned by immediate medical care, triage, acute treatment, complex investigation and diagnostic services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary2. Hospital Emergency Department Market Characteristics3. Hospital Emergency Department Market Trends and Strategies32. Global Hospital Emergency Department Market Competitive Benchmarking33. Global Hospital Emergency Department Market Competitive Dashboard34. Key Mergers and Acquisitions in the Hospital Emergency Department Market
4. Hospital Emergency Department Market - Macro Economic Scenario
5. Global Hospital Emergency Department Market Size and Growth
6. Hospital Emergency Department Market Segmentation
7. Hospital Emergency Department Market Regional and Country Analysis
8. Asia-Pacific Hospital Emergency Department Market
9. China Hospital Emergency Department Market
10. India Hospital Emergency Department Market
11. Japan Hospital Emergency Department Market
12. Australia Hospital Emergency Department Market
13. Indonesia Hospital Emergency Department Market
14. South Korea Hospital Emergency Department Market
15. Western Europe Hospital Emergency Department Market
16. UK Hospital Emergency Department Market
17. Germany Hospital Emergency Department Market
18. France Hospital Emergency Department Market
19. Italy Hospital Emergency Department Market
20. Spain Hospital Emergency Department Market
21. Eastern Europe Hospital Emergency Department Market
22. Russia Hospital Emergency Department Market
23. North America Hospital Emergency Department Market
24. USA Hospital Emergency Department Market
25. Canada Hospital Emergency Department Market
26. South America Hospital Emergency Department Market
27. Brazil Hospital Emergency Department Market
28. Middle East Hospital Emergency Department Market
29. Africa Hospital Emergency Department Market
30. Hospital Emergency Department Market Competitive Landscape and Company Profiles
31. Hospital Emergency Department Market Other Major and Innovative Companies
35. Hospital Emergency Department Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Hospital Emergency Department Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hospital emergency department market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for hospital emergency department? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Connectivity: Wired; Wireless
2) By Health Condition: Cardiac; Neurologic; Traumatic; Gastrointestinal; Infectious; Psychiatric; Other Health Conditions
3) By Application: Remote Medicine Management; Medical Assistance; Medical Connected Imaging; Electronic Health Record and Clinical Workflow; Other Applications
4) By End-user: Hospitals; Ambulatory Surgical Centers (ASCs); Other End-users
Key Companies Mentioned: Merck & Co. Inc.; Thermo Fisher Scientific Inc.; Massachusetts General Hospital; Mayo Clinic Hospital; NYC Health Hospitals
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Merck & Co. Inc.
- Thermo Fisher Scientific Inc.
- Massachusetts General Hospital
- Mayo Clinic Hospital
- NYC Health Hospitals
- University of Michigan Health - Ann Arbor
- Cedars-Sinai Medical Center
- Barnes-Jewish Hospital
- New York-Presbyterian Hospital
- Ronald Reagan UCLA Medical Center
- Charles River
- Texas Health Resources
- Baystate Medical Center
- QIAGEN
- Hartford Hospital
- Parkland Health
- Lakeland Regional Health
- Sharp Grossmont Hospital
- St. Joseph’s Health
- Butler Memorial Hospital
- USA Health
- Natchitoches Regional Medical Center
- Schoolcraft Memorial Hospital
- Brigham and Women's Hospital
- Grady Memorial Hospital
- Baptist Health South Florida
- Montefiore Medical Center
- Lac+Usc Medical Center
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 143.57 Billion |
| Forecasted Market Value ( USD | $ 175.58 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
