Micro Hospitals Market Size & Share, by Location (Tier 1 cities, tier 2 cities, tier 3 cities); End-user (International tourists, corporates, individuals); Facilities (Physical, therapy, primary care, rotating specialized, surgery centers, ultrasound)-Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5952
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Micro Hospitals Market size is expected to reach USD 709 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024- 2036. In the year 2023, the industry size of the micro hospitals was USD 252 Billion and the reason behind this growth is due to the growing number of patients that are suffering from life-associated chronic diseases, along with the increase in the aging population with high usage of smartphones and internet. According to the World Health Organization, (WHO), the population aged 60 years and more was 1 billion in 2019, and this is expected to cross 2.1 billion by 2050.

Moreover, the increasing prevalence of various chronic and infectious diseases, and the benefits of virtual healthcare, such as saving time and money through offered discounts, prevention from getting infections at hospitals or clinics, and the option for a second opinion simultaneously, are expected to influence the micro hospitals market growth. According to the World Health Organization (WHO), Healthcare-associated infections (HAIs) affect 5 to 10% of patients in developed countries.


Micro Hospitals
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Micro Hospitals Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing healthcare demand and competition: As the population is growing and aging, this results in an increasing demand for healthcare services and facilities. Additionally, the healthcare industry is becoming highly competitive along with several larger healthcare groups. This rising demand and competition create a need for effective, efficient, and cost-driven solutions.
  • Growing need for specialized services: The need for specialized services such as senior care, rehabilitation, and several other specialized treatments is in demand. Micro hospitals and clinics can provide localized services and cater to a specific patient group, allowing them to specialize their services and compete against larger hospital systems. This allows a micro-hospital to attract a specific patient group and build a strong local presence.
  • Growing preference for personalized care: Patients are becoming more educated and highly aware about the selection of their treatment options. There has been a surge in the process of seeking personalized care services and such patients are willing to pay highly for the same. Micro hospitals can provide highly personalized care along with the services due to their specialized services and localized nature. This is a growth driver for the micro hospital market, as it allows them to establish themselves as a perfect provider of specialized and personalized services in this industry.

Challenges

  • Limited availability of skilled professionals: The availability of skilled professionals such as doctors and nurses is limited, which may limit the ability to provide timely and adequate care.
  • Limited accessibility for using medical technology and equipment.
  • Limited space for the infrastructure

Micro Hospitals Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 9%

Base Year Market Size (2023)

~ USD 252 Billion

Forecast Year Market Size (2036)

~ USD 709 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Micro Hospitals Segmentation

Location (Tier 1 cities, tier 2 cities, tier 3 cities)

The tier-1 cities segment is estimated to gain a robust market share of 42% in the coming years owing to the presence of a dense population base, which creates a large customer pool for healthcare services. According to a report, more than 50% of the global population lives in urban areas, and this data might increase 1.5 times and cross the 6 billion population by 2045. This leads to increased competition, as various healthcare players compete for a large and lucrative market. The competition drives the need for specialized and more effective services at a competitive price, which further fuels the growth of micro-hospitals.

End-user (International tourists, corporates, individuals)

The International tourist segment is set to garner a notable share shortly and is likely to remain the second largest segment in the end-user segment of the micro hospitals market as the tourists from foreign countries, who are unfamiliar with the local language and the country customs, are more likely to seek the need for specialized medical services during their stay in that city. This creates a high demand for micro-hospitals that provide targeted, efficient, and cost-effective services for international tourists.

Additionally, many Tier-1 cities have large numbers of international tourists, which provide a significantly higher customer base and a profitable market for the micro-hospital industry. The presence of international tourists also creates international awareness and appeal, which can also help to expand the micro hospitals market

Facilities (Physical, therapy, primary care, rotating specialized, surgery centers, ultrasound)

The physical segment in the micro hospitals market is estimated to hold a noteworthy share as they take up comparatively less space and also require comparatively lower costs than traditional hospitals. This allows for the operation of more micro-hospitals, which expands access to the healthcare industry along with a limited resource. Furthermore, it also reduces the investments that are needed for setting up a hospital, which creates a lower barrier to entry and leads to increased competition, which drives the micro hospitals market

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

     Location

  • Tier 1 cities
  • Tier 2 cities
  • Tier 3 cities

     End-users

  • International tourists
  • Corporates
  • Individuals

     Facilities

  • Physical
  • Therapy
  • Primary care
  • Rotating specialized
  • Surgery centers
  • Ultrasound

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Micro Hospitals Industry- Regional Synopsis

North American Market Forecast

The micro hospitals market in North America is estimated to have the largest share of approximately 41% in 2023, driven by the growing governmental investments in this market. According to a report, the total investment in healthcare was worth 57 billion USD in 2021, indicating a YoY increase of about 137%. Moreover, with the increase in research and development for producing more efficient and reliable healthcare and healthcare delivery platforms, these demands are expected to fuel the demand for the micro-hospitals market in the region.

APAC Market Statistics

The Asia Pacific micro hospitals market is estimated to be the second largest, during the forecast timeframe led by an increase in the adoption of several technologically advanced healthcare models, along with the ever-expanding geographical reach of the companies in this industry as this causes a surge in the number of micro hospitals healthcare start-ups along with the growing demand in service launches. For instance, according to the report by the US Department of Health & Human Services (HHS) in February 2022, HHS awarded around USD 55 million to increase virtual healthcare access and quality through community healthcare centers.

Research Nester
Micro Hospitals size
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Companies Dominating the Micro Hospitals Market

top-features-companies
    • Dignity Health
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Emerus Hospital Partners, LLC
    • SCL Health
    • Saint Luke's Health System
    • Baylor Scott & White Health
    • CHRISTUS Health
    • Amerisource Bergen Corp.
    • Cardinal Health Inc.
    • Cigna Corp.
    • Elevance Corp.
    • Pfizer
    • Walgrees Boots Alliance Inc.
    • Trivitron Healthcare
    • Seaskymedical

In-the-news

In The News

  • SLC Health and international healthcare merger, merged along with Intermountain Healthcare in April 2022, while aiming to integrate their facilities into a single system, as a part of this, Intermountain rebranded itself with a new logo featuring coral and fuchsia logos along with dark blue signs in it.
  • Trivitron Healthcare, announced their initiatives to raise awareness for newborn screening in India, “Ek sahi shuruat” on 14 November 2023.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5952
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing healthcare demand competition and growing need for specialized services are the major factors driving the growth of the market.

The market size of Micro Hospitals is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.

The major players in the market are Emerus Hospital Partners, LLC, SCL Health, Saint Luke's Health System, Baylor Scott & White Health, CHRISTUS Health, Amerisource Bergen Corp., Cardinal Health Inc., Cigna Corp., Elevance Corp., Pfizer, Walgrees Boots Alliance Inc., Seaskymedical, and others.

The tier 1 cities segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Micro Hospitals Market Report Scope
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