Private ownership segment to dominate the Europe Hospital Market
Benefits of early disease
diagnosis and increasing healthcare expenditure is expected to drive the demand
for Europe Hospital market in the forecast period.
According to TechSci Research report, “Europe
Hospital Market By Ownership (Public v/s Private) By Type (General,
Specialty, Multi- Speciality) By Type of Services (In-Patient Services v/s
Out-Patient Services) By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500
beds), By Country, Competition, Company Forecast & Opportunities, 2026”, The
Europe Hospital market to grow at a steady rate during the forecast period. The
increasing prevalence of target diseases including cancer, cardiovascular
disorders, diabetes, renal disorders, among others is the major driver in the
next five years. Rising healthcare expenditures along with the surge in the
Hospital chains is influencing the Hospital market growth in the region. The
rise in awareness regarding advanced diagnostic technologies and the need to
detect diseases at early stages that can aid to provide effective treatment is
expected to boost the market growth. The rise in disposable income due to an
increase in per capita income is aiding the patients to increase the
affordability to avail the quality healthcare services. Changing lifestyle of
patients and an increase in the adoption of unhealthy eating habits including
consumption of junk food and high sugar-containing edible food items and
beverages is giving rise to a number of diseases that require treatment from
healthcare facilities. Leading authorities are providing the European Health
Insurance Card which encourages the patients to avail the costly healthcare
services with the help of government financing is contributing significantly to
the surge the demand for Hospitals in Europe.
The COVID-19 outbreak across the world which has been
declared as a pandemic by World Health Organization has affected several
countries adversely. Leading authorities in Europe imposed lockdown
restrictions and released a set of precautionary measures to contain the spread
of novel coronavirus. Coronavirus-affected patients started suffering from
shortness of breath along with coughing and sneezing. Leading authorities increased
the capacity of Hospitals as a greater number of patients were getting affected
daily and getting admitted into the Hospital facilities. The demand for
critical care devices increased during this period. Collaborations between the
healthcare and non-healthcare industries to increase the capacity and
increasing advancement of healthcare facilities are expected to foster the
growth of Hospital growth.
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Europe
Hospital market is segmented into ownership, type, type of services, bed
capacity, regional distribution, and company. Based on the type of services,
the market can be further bifurcated into in-patient services and out-patient
services. The out-patient services segment is expected to witness growth for
the forecast period, 2022-2026. Out-patient service comprises tests, services,
medical procedures, among others which can be provided to patients without the
need to stay in healthcare facilities. Shorter patients stay in healthcare
facilities and the high cost involved with in-patient services is expected to
augment the out-patient services segment growth. Advancement in surgical
procedures along with the rising preference for minimally invasive treatment
and services owing to its several benefits is expected to contribute to the
growth of this segment. Based on type, the market can be divided into general, specialty,
and multi- speciality. The multi-speciality segment is expected to witness
significant growth during the forecast period as patients prefer to visit the
hospitals where they can treat different diseases in a single place along with
the facility for test and diagnostic procedures. Rising affordability along
with supportive government policies is further aiding the hospitals market
growth.
HCA
Healthcare UK, Fresenius SE & Co. KGaA, Spire Healthcare Group plc, Orpea
Group, Asklepios Klinik Barmbek, Sana Kliniken AG, San Donato Group (Gruppo San
Donato), among others are the leading players operating in Europe Hospital
Market. Manufacturers are increasingly focusing on research and development
process to fuel higher growth in the market. To meet evolving customer demand
with respect to better efficiency and durability, several Hospital
manufacturers are coming up with their technologically advanced offerings.
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“The
rise in investments by the government and the presence of advanced
infrastructure in countries like Sweden, France, United Kingdom to adopt
next-generation health informatics applications to build smart Hospitals is
expected to create lucrative opportunities for market growth. Smart Hospitals
use artificial intelligence and the internet of things technology to connect
devices with each other to provide improved results by continuous monitoring
and using real-time analytics to get instant notifications and alerts to
patients and healthcare professionals. Also, it can transfer the patient data
and minimize the risks which could adversely affect the health of patients is
anticipated to propel the market growth till 2026” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Europe Hospital Market
By Ownership (Public v/s Private) By Type (General, Specialty, Multi-
Speciality) By Type of Services (In-Patient Services v/s Out-Patient Services)
By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500 beds), By Country,
Competition, Company Forecast & Opportunities, 2026” has
evaluated the future growth potential of Europe Hospital market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the Europe Hospital market.
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