The surge in emergency department visits is a pivotal driver in the market. For instance, according to the CDC, around 140 million visits to Emergency Departments (ED) in the U.S. in 2021. The overall emergency department (ED) visit rate was 43 visits per 100 people in the same year.
With increasing number of individuals seeking immediate medical attention, the demand for efficient and effective emergency services has intensified. Factors such as demographic shifts, rising chronic illnesses, and the lack of access to primary care physicians have contributed to this upward trend.
Additionally, several government initiatives contribute to the market growth. One significant initiative is the Hospital Preparedness Program (HPP), which aims to enhance the capacity of hospitals and healthcare systems to respond to emergencies and disasters. This program provides funding for training, equipment, and infrastructure improvements.
Similarly, initiatives such as the Emergency Medical Services for Children (EMSC) program focuses on improving pediatric emergency care, leading to specialized training and equipment for pediatric patients in E.Ds. Such initiatives further aid in the overall market growth.
Authors:
Mariam Faizullabhoy, Gauri Wani
Frequently Asked Questions (FAQ) :
U.S. emergency department market was valued at USD 193.5 billion in 2023 and will grow at 5.7% CAGR between 2024 – 2032, attributed to the increasing number of patient visits to E.Ds.
The hospital type segment recorded a revenue of USD 170.3 billion in 2023 and will grow rapidly till 2032, attributed to the critical role that hospital emergency departments play in providing immediate care to patients.
New York emergency department market size reached USD 8.6 billion in 2023 and will grow rapidly till 2032, owing to its dense population and robust healthcare infrastructure.
Baptist Health South Florida, Clarion Hospital, Lakeland Regional Health, Natchitoches Regional Medical Center, and Parkland Health among others.