The U.S. freestanding emergency department market size is expected to reach USD 5.0 billion by 2027, registering around 5.3% CAGR over the forecast period, according to a new report by Grand View Research, Inc. Convenience care represents a spectrum of care delivery models including retail clinics, urgent care centers, and freestanding emergency departments (FSEDs). These departments represent a budding opportunity within healthcare services space. Growing geriatric population is contributing to the increasing demand for freestanding emergency departments, as the elderly often require emergency care. In addition, FSEDs have no or short waiting times for treatments as compared to the emergency departments. FSEDs are often preferred as they are less crowded. These departments primarily cater to urban and suburban patients with insurance coverage or self-pay. Moreover, medical conditions of patients visiting FSEDs are less acute than the ones visiting emergency departments.
The
growth of the freestanding ED segment opens up opportunities for independent
companies such as Adeptus and hospitals such as HCA Healthcare, Inc. (HCA);
Tenet Healthcare Corporation (THC); and Community Health Systems, Inc. (CYH).
As the need for emergency room services grows, independent providers such as
Adeptus Health and numerous private equity-backed companies are contributing
actively to the industry. Also, the large acute care hospitals such as HCA, and
others address this demand through the buildout of freestanding emergency
rooms.
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U.S. Freestanding
Emergency Department Market Report Highlights
- In 2019,
Hospital-based off-campus emergency department (OCED) held the largest
share in the ownership segment of the U.S. FSED market and is expected to
witness lucrative growth during the forecast period. This was attributed
to the overcrowding of the hospital emergency department, and availability
of high reimbursement for the treatment at OCED when compared with
independent freestanding emergency department (IFSED), where no
reimbursement is available
- In 2019,
Emergency department (ED) held the largest share in the service segment
owing to a wide variety of services being provided for immediate care. It
includes common medical services, such as treatment for stomach and
abdominal pain, fever, headache, cough, back symptoms, and shortness of
breath among others
- The imaging
service segment is expected to witness the highest growth during the
forecast period. Majority of FSEDs offer basic imaging services, such as
X-ray, ultrasound, and Computed Tomography (CT) scans. Freestanding
emergency departments are either large facilities serving as many as 100
patients per day or small facilities serving 20 or fewer patients per day.
Larger FSEDs can also offer MRI and primary care
- Some of the
key players operating in the U.S. freestanding emergency department market
are Adeptus Health Inc.; Tenet Healthcare Corporation; Universal Health
Services, Inc.; HCA Healthcare, Inc.; Community Health Systems, Inc.;
Ascension Health; Legacy Lifepoint Health, Inc.; Ardent Health Services;
and Emerus
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U.S. Freestanding
Emergency Department Market Segmentation
Grand View Research has
segmented the U.S. freestanding emergency department market based on ownership
and service:
U.S. Freestanding
Emergency Department (FSED) Ownership Outlook (Revenue, USD Million, 2016 -
2027)
- Off-Campus Emergency Department (OCED)
- Independent Freestanding Emergency Department
(IFSED)
U.S. Freestanding
Emergency Department (FSED) Service Outlook (Revenue, USD Million, 2016 - 2027)
- Emergency Department (ED) Service
- Imaging Service
- Laboratory Service
U.S. Freestanding
Emergency Department (FSED) Region Outlook (Revenue, USD Million, 2016 - 2027)
- U.S.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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