Market Trends of United States Freestanding Emergency Department Industry
This section covers the major market trends shaping the US Freestanding Emergency Department Market according to our research experts:
Hospital is Expected to Hold Significant Market Share in the Ownership Segment
Hospital-based freestanding emergency departments are a new and evolving care delivery model. These departments, which are common across the country, may be owned and run by a hospital (under the name "hospital outpatient department," or HOPD). The ability to provide top-notch emergency treatment at even greater levels of customer service is one of the reasons why many hospitals construct freestanding emergency departments. Factors such as hospital emergency department overcrowding, an increase in the number of trauma cases, and an increase in the prevalence of stroke and other neurological illnesses that require prompt attention are all contributing to the increase.
Additionally, the need for hospital FSED in the nation is being driven by the rise in accident-related injuries as well as the development of diseases like epilepsy and stroke, and chest discomfort, both of which necessitate prompt medical attention. For instance, according to the article published in the American Heart Association Journal in May 2021, by Dawn O. Kleindorfer, in the United States, 795 000 people have a stroke each year, with 87% (690 000) being ischemic and 185 000 being recurrent. Each year, over 240,000 people suffer from a transient ischemic attack (TIA).
According to the study titled "Emergency Department Crowding: The Canary in the Health Care System" published in the Innovation in Care Delivery in September 2021, Prior to the Covid-19 outbreak, ED visits had increased by more than 60% since 1997, to over 146 million. Thus, such instances is expected to increased in freestanding department in hospital facility thereby boost the segment growth.
Thus, all aforementioned factors expected to boost the segment growth over the forecast period.
