PUBLISHER: The Business Research Company | PRODUCT CODE: 1664338
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664338
General medical and surgical hospitals are healthcare facilities that offer a broad spectrum of diagnostic and treatment services to patients in need of medical care. These hospitals provide both inpatient and outpatient medical services.
The main types of services offered by general medical and surgical hospitals include inpatient and outpatient care. Inpatient services involve medical treatment for patients who have been admitted to a hospital and require overnight care. These hospitals can take various forms, including private hospitals, state-owned hospitals, public, and community hospitals. They provide a range of services such as acute care, cardiovascular care, cancer care, neurorehabilitation and psychiatry services, pathology lab services, diagnostics and imaging, obstetrics and gynecology, among others.
The general medical and surgical hospitals market research report is one of a series of new reports from The Business Research Company that provides general medical and surgical hospitals market statistics, including general medical and surgical hospitals industry global market size, regional shares, competitors with a general medical and surgical hospitals market share, detailed general medical and surgical hospitals market segments, market trends and opportunities, and any further data you may need to thrive in the general medical and surgical hospitals industry. This general medical and surgical hospital market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The general medical and surgical hospitals market size has grown steadily in recent years. It will grow from $3960.8 billion in 2024 to $4131.42 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to demographic trends and aging population, advancements in medical knowledge and treatment, health insurance coverage expansion, government healthcare policies and funding, preventive care and public health initiatives.
The general medical and surgical hospitals market size is expected to see steady growth in the next few years. It will grow to $4813.66 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to shift toward value-based care models, integration of telehealth and remote patient monitoring, focus on population health management, collaboration and integration with specialized services, evolving healthcare payment and reimbursement models. Major trends in the forecast period include population health management strategies, shift towards ambulatory and outpatient services, collaboration and integration with community health, focus on value-based care and payment models, and investments in healthcare technology infrastructure.
The growing prevalence of chronic diseases is anticipated to drive the expansion of the general medical and surgical hospitals market. Chronic diseases are conditions that progress gradually and typically last for three months or more. Healthcare organizations are implementing chronic disease management programs to reduce preventable hospitalizations and adverse events by more effectively managing the health of patients with chronic conditions. Consequently, general medical and surgical hospitals can benefit from these programs by lowering healthcare costs and enhancing patient outcomes. For example, in June 2022, data published by Macmillan Cancer Support, a UK-based cancer charity, indicated that the number of individuals living with cancer reached 3 million in 2022 and is projected to increase to nearly 3.5 million by 2025 and 4 million by 2030 in the UK. Therefore, the rising prevalence of chronic diseases is propelling the growth of the general medical and surgical hospital market.
The expected rise in healthcare expenditure is poised to contribute to the growth of the general medical and surgical hospitals market. Healthcare expenditure, encompassing costs related to medical treatment and public health initiatives, represents the total amount spent on healthcare goods and services. The spending on general medical and surgical hospitals is directly impacted by increases in healthcare expenditure. For instance, according to the CIHI in November 2022, Canada's total health spending is projected to increase by 0.8% from $328 billion in 2021 to $331 billion in 2022. Therefore, the escalating healthcare expenditure is driving the general medical and surgical hospitals market.
Technological advancements are a significant trend gaining traction in the general medical and surgical hospitals market. Leading companies in this sector are introducing innovative technology-driven products aimed at improving operational efficiency and enhancing patient care in radiology through AI-enabled workflows and remote access capabilities. For example, in November 2023, Koninklijke Philips NV, a Netherlands-based technology firm, launched Philips HealthSuite Imaging, which boosts the operational efficiency of radiologists and clinicians while enhancing patient care with its cloud-based PACS. HealthSuite Imaging, hosted on Amazon Web Services (AWS), introduces new features such as high-speed remote access for diagnostic readings, integrated reporting, and AI-enabled workflow orchestration, all securely delivered via the cloud to alleviate the burden of IT management.
Major companies in the general medical and surgical hospitals market are prioritizing strategic partnerships to expand their capacities. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits. For instance, Western Surgical Group Inc partnered with Humboldt General Hospital in October 2023 to enhance healthcare services in the Winnemucca, Nevada area. This collaboration aims to increase access to high-quality healthcare by allowing Humboldt General Hospital to provide surgical services.
In January 2022, IRA Capital acquired Christus Surgical Hospital for $42 million as part of IRA Capital's medical office acquisition strategy. This strategy focuses on increasing medical health capacity and enhancing service quality at CLSH (Central Louisiana Surgical Hospital) for the benefit of Central Louisiana residents. Christus Surgical Hospital offers multi-specialty services, including cancer care, heart care, surgery, imaging, rehabilitation, women's health, emergency services, and senior healthcare.
Major companies operating in the general medical and surgical hospitals market include Mayo Clinic Health System, HCA Healthcare Inc., Cleveland Clinic, Spire Healthcare Group PLC, Ramsay Health Care Ltd., Ascension, Community Health Systems Inc., Tenet Healthcare Corporation, Fortis Healthcare Ltd., Apollo Hospitals Enterprise Ltd., The Johns Hopkins Health System Corporation, Fresenius Medical Care AG & Co. KGaA, China Resource Phoenix Healthcare Holdings Company Limited, IHH Healthcare Berhad, The University of California San Francisco Medical Center, Massachusetts General Hospital, Cedars-Sinai Medical Center, NewYork-Presbyterian Hospital, UCLA Medical Center, Brigham and Women's Hospital, Stanford Health Care, Hospital of the University of Pennsylvania, Houston Methodist Hospital, Barnes-Jewish Hospital, Mount Sinai Hospital, Cincinnati Children's Hospital Medical Center, Emory University Hospital, Northwestern Memorial Hospital, NYU Langone Hospitals, UPMC Presbyterian Shadyside, Vanderbilt University Medical Center, University of Michigan Hospitals-Michigan Medicine, Wake Forest Baptist Medical Center, Indiana University Health Medical Center, Oregon Health & Science University Hospital, University of Chicago Medical Center, Duke University Hospital, Thomas Jefferson University Hospitals, Yale New Haven Hospital, UC San Diego Health
North America was the largest region in the general medical and surgical hospitals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the general medical and surgical hospitals market report during the forecast period. The regions covered in the general medical and surgical hospitals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the general medical and surgical hospitals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The general medical and surgical hospitals market includes revenues earned by entities by providing emergency services, operating services, and clinical laboratory services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
General Medical And Surgical Hospitals Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on general medical and surgical hospitals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for general medical and surgical hospitals ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The general medical and surgical hospitals market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.