Here's What Industry Insiders Say About Micro Hospitals

According to this latest study, the growth in the Micro Hospitals market will change significantly from the previous year. Over the next five years, Micro Hospitals will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.

Micro-hospitals are small-scale inpatient facilities on two to three-story buildings built on 20,000 to 50,000-square foot spaces that offer a wide range of medical services in a small, neighborhood setting. They run 24/7, all year long, and commonly have between eight and 10 beds where patients can be observed or admitted for a short stay. Many health systems such as SCL Health and Dignity Health are using micro-hospitals to expand their services and fill gaps in markets where there is not enough demand to support a traditional hospital. The growth trend for micro-hospitals is not likely to slow down in the near future. At the moment, most micro-hospitals are set in large urban and suburban metropolitan areas because they are deemed too complex or large for the rural market. However, there are experts who believe that the facilities would also be great for people in underserved areas to help communities that lack access to medical care.

Micro Hospitals Market report covers the detailed analysis on current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.

Major players included in the Micro-Hospitals Market:

·          Emerus Hospitals

·         Baylor Scott & White Saint Luke’s Health System

·         SCL Health

·         Baylor Health Care System

·         Dignity Health

·         Christus Health

Market has segmented the Micro-Hospitals market on the basis of type, application, and region:

By Type:

·         Tier-1 Cities

·         Tier-2 Cities

·         Tier-3 Cities

 By Application:

·         International Tourists

·         Corporates

·         Individuals

 By Regional Outlook (Revenue, USD Billion, 2017 – 2028) 

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)

·         Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of South America)

Impact Analysis of Covid-19

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Micro Hospitals Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.

The report also provides information on the factors hampering market growth, which vendors can use in their strategic planning. Understanding these factors is crucial to identifying market opportunities. Future Wise research analysts assist clients in understanding market-specific parameters.

Objectives of the Study:

·         To provide a comprehensive analysis of the global Micro-Hospitals market by location, by end user, by facilities, and by region

·         Provide extensive information on factors (drivers, restraints, opportunities, and industry-specific restraints) that affect market growth

·         To forecast and evaluate micro markets and overall markets

·         To estimate market sizes in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

·         Analyzing and evaluating competitive landscapes- new product launches, mergers, and expansions

Location: United States

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