The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s private hospital market report forecasts the private hospital market size to grow to $5.52 Trillion by 2027, with a CAGR (compound annual growth rate) of more than 15%.

Learn More On The Private Hospital Market Report 2023 – https://www.thebusinessresearchcompany.com/report/private-hospital-global-market-report

Private Hospital Market Size Forecast
The global private hospital market is expected to grow from $2.74 trillion in 2022 to $3.15 trillion in 2023 at a compound annual growth rate (CAGR) of 15.16%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The private hospital market size is expected to reach $5.52 trillion in 2027 at a CAGR of 15.02%.

North America held the largest private hospital market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Private Hospital Market Driver ­– Rise In Death Rate Due To Chronic Diseases
For instance, according to data published in April 2021 by the World Health Organization, a Switzerland-based health organization for international public health, 41 million people die every year due to chronic diseases globally, close to 71% of all deaths. Therefore, the rising death rate due to chronic diseases is driving the growth of the private hospital market.

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Key Private Hospital Market Trend – Technological Advancement
Major market players are concentrating on creating or using advanced medical technologies to sustain their position in the private hospital market. For instance, in June 2022, Sharp Sight Eye Hospitals, an India-based private eye hospital chain, in collaboration with Logy.AI, an India-based AI healthcare platform, introduced an AI-based screening solution to identify cataracts on the spot to avoid blindness with 92% accuracy. The solution uses the smartphone for cataract screening, which is a simple chatbot on WhatsApp, leveraging artificial intelligence (AI) for early screening and treatment at the right stage.

Private Hospital Market Segment
1) By Category: Children’s Hospital, Multispecialty Hospitals, Acute Care Hospitals, Specialty Hospitals
2) By Capacity: Large (>500 Beds), Medium (100 Beds-500 Beds), Small (100 Beds)
3) By Location: Rural, Urban

Private Hospital Market Major Players and Strategies
Major players in the private hospital market are Toulon Hyeres Private Hospital, Deaconesses Croix Saint, Nuffield Health, London Bridge Healthcare, Ramsay Health Care, HCA Healthcare, Spire Healthcare Group PLC., Meoclinic GmbH, Fortis Healthcare Limited, Fresenius SE & Co. KGaA, Life Healthcare, Max Superspecialty Hospital, Apollo Hospitals Enterprise Ltd., and IASIS Healthcare.

In February 2022, Ramsay Healthcare, an Australian-based healthcare provider network, acquired Elysium Healthcare for £775 million ($915.6 million). Through this acquisition, Ramsay Healthcare looks to enter the UK mental health hospital network with the possibilities of both organic and inorganic expansion and the ability to increase services in the UK. Elysium Healthcare is a UK-based private provider of mental health services.

The Private Hospital Global Market Report 2023 covers regional data on private hospital market size, private hospital market trends and drivers, opportunities, strategies, and private hospital market competitor analysis. The countries covered in the private hospital market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A private hospital refers to a for-profit institution that provides treatment and healthcare services that are privately funded and operated by the owner, who is often a company or a single person. The private hospital provide medical and surgical treatment to sick and injured patients.

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