The healthcare sector has been a key area for governing authorities across various countries. The spending on the healthcare sector has been a space for focus in every budget issued by governments across the world. The general healthcare architecture in any country or region is broadly classified into public and private healthcare. The classification is done with a focus on the pay structure for the healthcare facility being studied. Adoption of healthcare services has been observed to have improved over the years owing to expansion of healthcare facilities from the private and public entities across various regions. The investments towards public healthcare have been seen to have increased over the years across numerous countries. These investments are targeted towards healthcare equipment, services and other infrastructure developments. The expansion from private entities in the construction of hospitals has been indicative to be more than that of the public hospitals in certain countries across various regions. For instance, the number of hospitals in India was found to be over 69000 in the year 2019. The contribution of private hospitals is seen to be over 43000 while public hospitals were observed to be over 25500 across the country.
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The advancements in medical technologies have been expected to trickle down to various hospitals in urban and rural areas in the countries. In addition to this, the capacities of the various hospitals constructed across urban areas are observed to be far more than those constructed in rural areas. This is primarily due to the population base seen across various areas. But there has been an observation that private hospitals are investing more towards enhancing their capacities as compared to public entities. This can help in influencing the shift of people from public healthcare facilities to private hospitals. In addition to this, advancements in adoption of health insurance have also led patients and families to opt for undertaking care processes from private facilities as compared to public facilities. In addition to this, expansion of group hospitals is expected to influence end users for selecting these hospitals as opposed to public hospitals. It is evident that the prevalence of private hospitals has been more in urban areas as compared to rural areas. In addition to this, the presence of multi-specialty hospitals has also been observed to grow over the recent period primarily due to the growing variety of ailments observed in patients along with comprehensive focus from private healthcare entities towards provision of care for their end users. Furthermore, private hospitals have not only been a viable alternative for end users, but they have also been major employment providers for a large set of people working in the healthcare ecosystem. Hence, private hospitals have become a significant social and economic contributor for various countries around the world. Organizations across the world working in the creation of private hospitals have been working on strategic initiatives such as mergers and acquisitions in order to improve their footprint in their operating regions. For instance, in India, organizations such as Fortis Healthcare and Max Healthcare among others have demonstrated these initiatives in recent years.
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The growing cases due to the coronavirus pandemic have led to a strain on the healthcare infrastructure as a whole. Public healthcare facilities have had to strengthen their infrastructure in an overnight manner to cope with the rising number of cases. This has led to growing admissions across private hospitals in various countries. Private hospitals have also focused towards improving their facilities in order to accommodate a greater number of patients while providing high quality care. Along with group hospitals, organizations such as hospital associations have pledged their efforts towards heling the healthcare infrastructure in reducing the effects of the diseases for their patients. A notable pledge was observed from the European Union of Private Hospitals. These initiatives are expected to provide patients with more options to procure healthcare services for concerns related to the coronavirus along with the traditional illnesses.
The detailed research study provides qualitative and quantitative analysis of the global private hospitals market. The private hospitals market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Global Private Hospitals Market:
- Hospital Type
- Acute Care Hospitals
- Children’s Hospitals
- Specialty Hospitals
- Multi-Specialty Hospitals
- By Size
- Small (Less Than 100 Beds)
- Medium (100 To 500 Beds)
- Large (More Than 500 Beds)
- By Location
- Rural
- Urban
- By Region:
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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