US Hospital Emergency Department Market Size To Expand USD 216.08 Bn By 2030

The US hospital emergency department market size was exhibited at USD 160.07 billion in 2022 and is expected to expand around USD 216.08 billion by 2030, poised to grow at a projected CAGR of 3.8% from 2021 to 2030.

The rising prevalence of various chronic diseases, the growing geriatric population, and rising trauma cases in the US are the major factors that drive the growth of the US hospital emergency department market. Moreover, the US healthcare sector is witnessing increased emergency department visits. According to the Centers for Disease Control and Prevention (CDC), there were around 130 million emergency department visits in US in 2018. Moreover, there were over 46 million geriatric people of age 65 years and above in the US in 2020 and this number is expected to reach around 90 million by 2050. The elder people are susceptible to various diseases which increases the risks and boosts the demand for emergency department visits among geriatric people. Further, the rising government expenditure toward the development and advancement of hospitals is expected to drive market growth in the forthcoming years. The COVID-19 outbreak in 2020, collapsed the healthcare infrastructure of the US.

The rapid spread of the COVID-19 disease among the population suddenly spiked the emergency care services. According to the National Center for Health Statistics, COVID-19 diseases resulted in around 598,932 deaths in US in 2020. Moreover, there are several other diseases such as influenza, viral hepatitis, measles, sexually transmitted diseases (STDs), and pneumonia that results in the demand for the hospital emergency department services. Furthermore, the increasing mortality rates of various diseases in US will propel the market growth. According to the National Center for Health Statistics, cardiovascular diseases were the leading cause of death in US that accounted for 690,882 deaths in 2020, followed by cancer (598,932 deaths), and accidents & injuries (192,176 deaths). It is estimated that around 60% of the US population is suffering from one or more chronic diseases. Furthermore, the US healthcare expenditure is high. Around 17.5% of the US GDP is spent on healthcare. 

US Hospital Emergency Department Market Report Scope

Report Highlights

• Based on the health condition, the infectious segment dominated the market, accounting for a market share of more than 37.60% in 2021. This is attributed to the increased prevalence of various diseases such as STDs, influenza, and viral hepatitis. The growing burden of infectious diseases is expected to sustain the dominance of this segment throughout the forecast period.
• Based on the insurance, the private segment dominated the US hospital emergency department services market. This segment accounted for a market share of more than 50.30% in 2021. The increased penetration of private healthcare insurance companies is the most important factor behind the growth of the private insurance segment. Moreover, private companies offer more benefits as compared to Medicare/Medicaid. Thus this segment is expected to remain dominant throughout the forecast period.

Market Dynamics

Driver: Favorable reimbursement policies of the government

The government has developed favorable reimbursement facilities that encourage the population to easily opt for emergency department services in the US. Moreover, the US government is bringing in favorable changes to the policies that favors reimbursements relating to telehealth services. Hence, the government policies pertaining to reimbursements is expected to play a crucial role in the growth of the US hospital emergency department market during the forecast period.

Restraint: Advancements in biotechnology is reducing the emergency department visits

The rapid growth and adoption of biopharmaceuticals among the US population owing to the availability of various novel therapies that can effectively cure the chronic diseases is increasing life expectancy and resulting in decreased emergency department visits. This factor may hinder the growth of the US hospital department market during the forecast period.

Opportunity: Rising adoption of telehealth

The government is encouraging the adoption of the telehealth across the hospitals in US. Furthermore, the integration of the latest digital technologies like artificial intelligence, big data, internet of things, and cloud computing with the telehealth platforms is expected to provide lucrative growth opportunities to the market players operating in the US hospital emergency department market.

Challenge: Lack of healthcare professionals 

The lack of adequate number of healthcare workers is a major reason that may restrict the market growth. The rapidly growing number of patients in US may create a gap between demand and supply of the emergency care services in US.

 Key Players in the Report

• Parkland Health & Hospital System
• Lakeland Regional Health
• St. 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

Segments Covered in the Report

By Health Condition

• Cardiac
• Neurologic
• Traumatic
• Gastrointestinal
• Infectious
• Psychiatric
• Others

By Insurance

• Private
• Medicare/Medicaid

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