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2020-03-24
762
Global
Microhospitals are gaining a foothold in states like Texas, Colorado, Nevada, and Arizona while chains like Dignity Health, a health system with facilities in Nevada, Arizona, and California, is also considering to implement the testing model in California. Emerus is the nation’s first and largest operator of microhospitals with 27/7 licensed inpatient facilities ranging from 8 to 10 inpatient beds, emergency treatment, pharmacies, laboratories, imaging services and triage rooms under the supervision of primary and speciality care physicians.
Goldstein Research analyst forecast the microhospitals market size is set to register the CAGR of 6.1% over the forecast years. Emerus is the nation’s first, largest and most experienced operator of Microhospitals with 10 joint-venture partnerships, 21 microhospitals in operation and 25+ new facilities currently under development.
Based on geography, USA market for microhospitals is expected to grow at a CAGR of 5.86% over the forecast period and dominated the microhospital market owing to the collaboration and partnership to increase the adaptation of microhospitals. Europe is the second-largest market while countries like Singapore, Indonesia, Canada, China, Japan, India, Luxemburg, Germany, Italy, etc are the opportunistic market owing to increasing demand of healthplexes with ancillary services like imaging, physical therapy, primary care, rotating specialists, surgery centres and transfer agreements with partner hospitals.
Based on location, tier 1 & 2 cities are the target locations for microhospitals and are the dominating segment of microhospital market with market share of 55% in 2017 attributed to the microhospitals are similar to community hospitals and health systems are placing microhospitals in larger metro areas in communities where patients may not have easy access to acute or emergency care and microhospital seeks to fill that care gap and provide better access to care.
According to our global market study on the basis of extensive primary and secondary research: “One trend is the microhospitals are targeting urban and suburban areas where there are not enough hospitals to meet the demand. Health systems are using microhospitals to establish themselves in desirable markets that do not have enough demand for full-size hospitals. For example, Denver-based SCL Health has already opened two microhospitals and has two more in the works.”
According to the report, major driving factor is that microhospitals are filling a niche that is not covered by urgent care centres or freestanding emergency departments, neither of which offers inpatient facilities and the recommendation of Advisory board for microhospitals that it should be located “within 18-20 miles of a full-service hospital to ensure a seamless transfer process for higher-acuity needs to a larger facility.
Further, the report states the biggest challenge is marketing as this concept is new to the patient too and providers often face the challenge in staffing and culture due to the new format of microhospital. Patient costs for microhospital visits are higher than those at urgent care centres but lower than traditional hospital costs.
The report covers the present ground scenario and the future growth prospects of the Microhospitals market for 2017-2030 along with the number of microhospitals worldwide. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. The microhospitals market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players. The market is forecasted on the basis of number of ongoing underdeveloped projects and joint-venture partnership of microhospitals.
Microhospitals Market Outlook 2030, has been prepared based on in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Microhospitals Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global microhospitals market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
Our Global Microhospitals market report comprises of the following companies as the key players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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