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HEALTHCARE & PHARMACEUTICAL

Micro-Hospitals Market Segmentation by By Location (Tier-1 Cities, Tier-2 Cities, and Tier-3 Cities), By Area of Occupation (15,000–40,000 Sq. Feet and More than 40,000 Sq. Feet) and By End-User (Corporate and Individuals) – Global Demand Analysis and Opportunity Outlook 2021-2029

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Extensive insights into the Growth of Micro-Hospitals Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Global Micro-Hospitals Market Highlights 2020-2029

The global micro-hospital market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029.  These micro-hospitals are targeting service gaps in ambulatory centers and free-standing emergency rooms. It requires less time for construction and low investment, which is also acting as a major advantage for the growth of the market. In addition, due to the large influx of patients, some large-scale hospitals may not be able to provide high-quality facilities, which are expected to fuel the growth of the global micro-hospitals market. Moreover, micro-hospitals require similar licensing and have to follow the same rules and regulations, which make them eligible for medical reimbursement.  The report of the Centers for Disease Control and Prevention (CDC), 2017 stated that around 90% of people in the U.S. have insurance coverage and thus, are potential users of micro-hospitals, and the source also stated that around 19 states in the U.S. have micro-hospitals. Thus, further expansion in others states is expected to propel the growth of the micro-hospitals market.

Global-Micro-Hospitals-Market.

On the basis of location, the market is segmented into tier 1 cities, tier 2 cities, and tier 3 cities. Tier 1 cities and tier 2 cities hold the highest share in the market because these regions are densely populated, and large hospitals may not be able to provide high-quality treatment due to the influx of a large number of patients. However, micro-hospitals are also expanding their revenue in tier 3 cities so that every region can get high health care facilities. CLICK TO DOWNLOAD SAMPLE REPORT

On the basis of area occupation market is segmented into 15,000–40,000 sq. feet and More than 40,000 sq. feet. Out of which, 15,000-40,000 sq. feet area holds the highest share in the market because it will require less construction time and low investment. However, with initiatives of the government and non-government organizations, more than 40,000sq feet area is also increasing its revenue in the market. 

On the basis of the end-user market is segmented into individuals and corporate. Corporate is holding the highest share with an increase in various joint ventures between companies to open micro-hospitals.

Global Micro-Hospitals Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing population and increasing investments in healthcare facilities. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the rising number of adoption of micro-hospitals by large hospitals and increasing joint ventures between companies to open micro-hospitals. Moreover, increasing per capita expenditure on healthcare is expected to fuel the market growth. For instance, in December 2017, Allegheny Health Network announced plans to build four micro-hospitals in Pittsburgh, U.S., through a partnership with Emerus (largest micro-hospital operator in the U.S.) by the end of 2019.

Europe holds second place in the market due to the presence of good healthcare facilities.

Micro-Hospitals-Market-Share

The global micro-hospital market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global micro-hospital market includes the following segments:

By Location

  • Tier-1 Cities
  • Tier-2 Cities
  • Tier-3 Cities

By Area of Occupation

  • 15,000–40,000 Sq. Feet
  • More than 40,000 Sq. Feet

By End-User

  • Individuals
  • Corporate

Growth Drivers

  • Requires less construction time.
  • Low investment.

Challenges

  • Lack of proper infrastructure.
  • Lack of professional healthcare workers.

Top Featured Companies Dominating the Market

  • Emerus Hospital
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • SCL Health
  • Baylor Scott & White Saint Luke’s Health System
  • Dignity Health
  • Baylor Health Care System
  • Christus Health

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