Telehealth is fastest growing segment fueling the growth of U.S. Hospital Emergency Department Market

 

Hospital emergency departments are an integral part of healthcare facilities. They attend to emergency medical cases ranging from minor to critical injuries and illnesses. With the rise in accidents and other health conditions, emergency rooms play a vital role in handling time-sensitive care. Telehealth is emerging as an effective way to expand access to emergency services.

The global U.S. Hospital Emergency Department Market is estimated to be valued at US$ 166.9 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the major trends in the U.S. hospital emergency department market is the adoption of telehealth technologies. The COVID-19 pandemic has accelerated the integration of virtual care options for emergency consultations. Telehealth allows patients to connect with emergency doctors and nurses remotely via video calls. This helps optimize triage of patients and divert those with less severe conditions to virtual medical evaluations. Telehealth improves access to emergency services, especially in rural areas, while reducing overcrowding pressures on physical facilities.

Segment Analysis

The U.S. hospital emergency department market is segmented based on type, application, and ownership. The trauma centers segment dominated the market in 2023 and is expected to maintain its dominance during the forecast period owing to the increasing cases of accidents and trauma injuries in the country. Trauma centers are equipped with advanced facilities and staff to effectively treat patients with traumatic injuries.

Key Takeaways

Market size
The global U.S. hospital emergency department market is expected to witness high growth, exhibiting a CAGR of 5.5% over the forecast period, due to the increasing patient footfall, growing geriatric population, and rising burden of chronic diseases.

Regional analysis
North America dominated the global market in 2023 and is expected to continue its dominance during the forecast period. This is attributed to the increasing healthcare expenditure and growing concerns over medical emergencies in the region. The presence of advanced healthcare facilities and skilled medical professionals also supports market growth in North America.

Key players
Key players operating in the U.S. hospital emergency department market are Parkland Health & Hospital System, ST. Joseph's Health, Natchitoches Regional Medical Center, Montefiore Medical Center, Lakeland Regional Health, USA Health, and Schoolcraft Memorial Hospital, among others. These players are focusing on new product launches and mergers & acquisitions to strengthen their market presence. For instance, in 2022, Parkland Health & Hospital System launched a new emergency medical response system to enhance patient care.

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