U.S. Freestanding Emergency Department Market Size, Share, Growth and Trends Analysis Report

The U.S. freestanding emergency department market size is expected to reach USD 5.0 billion by 2026, according to a new report by Grand View Research, Inc., registering a 5.27% CAGR during the forecast period. The market is expected to grow owing to increasing consumerism in healthcare in terms of consumer-driven health plans, rising preference for convenience care, and increase in federal funding. In addition, increasing burden of patient population at hospital emergency departments for treating medical conditions like stroke and chest pain is likely to boost FSED settings over the coming years.

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 (ER) services grows, independent providers such as market leader Adeptus Health and numerous private equity-backed companies are contributing actively to the industry. Also, large acute care hospitals such as HCA, Tenet, and Community Health address this demand through buildout of freestanding ERs.

FSEDs were first established in Texas. But now many facilities are being built in other states such as Arizona and Colorado and it is expected that more construction will take place in the next few years in other states as well. While large hospital systems are implementing their strategies for FSEDs, shifting of patient volume can be observed from smaller hospitals and those with extremely crowded EDs toward FSEDs.

Further key findings from the study suggest:

• In 2018, the Hospital Outpatient Department (HOPD) segment dominated the market in terms of revenue. This is attributed to overcrowding of hospital ERs and availability of high reimbursement for treatment at HOPD when compared with Independent Freestanding Emergency Department (IFSED), where no reimbursement is available if the facility is not affiliated
  
  
• Laboratory service held the largest share in the U.S market due to increasing patient volume for immediate care at FSEDs and increased patient preference for walk-in clinics. Laboratory test results are important for any diagnostic procedure and inpatient management decisions and are a significant contributor to ED patient flow
  
  
• The U.S. market has witnessed facility expansion through mergers and acquisitions by key players, which combine various services together and thus increase the overall market revenue
  
  
• Key players operating in the U.S. Freestanding Emergency Department market include 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.

Access full research report on U.S. freestanding emergency department market:   

www.grandviewresearch.com/industry-analysis/us-freestanding-emergency-department-market

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Created on Mar 4th 2020 07:17. Viewed 203 times.

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