Freestanding emergency department (FSED) are the health care facilities that provides emergency care without physically being connected to inpatient services. The number of freestanding EDs has increased in changing regulatory and health care environment. They are owned by a hospital or by a private organization. They have shorter wait times and higher patient satisfaction overall. They should provide stabilizing treatment and should arrange a mechanism for an appropriate transfer to the definitive care facility and same standards as hospital-based emergency departments for quality improvement and appropriate policies for referrals to physicians for aftercare.
MARKET SCOPE
The "Global Freestanding Emergency Department Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the freestanding emergency department market with detailed market segmentation by type, ownership type, services, application, and geography. The report provides key statistics on the market status of the leading freestanding emergency department market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on type, the global freestanding emergency department market is segmented into ophthalmology, internal medicine, otolaryngology, and other.
-On the basis of ownership type, the market is bifurcated into hospital affiliated, and independent.
-On the basis of services, the market is bifurcated into laboratory service, imaging service, emergency care, and other services.
-On the basis of application, the market is bifurcated hospital, clinic, and other.
MARKET DYNAMICS
Drivers
- Increasing awareness among the patients regarding the prevalence of freestanding EDs, growing number of injuries due to accidents and increasing prevalence of chest pain or disease are driving the freestanding emergency department market.
- Overcrowding of the emergency departments at the hospitals,growing preferences for convenience care among the population and increasing number of consumer driven health plans boosts the market growth.
- Growing investment by government and other organization and advanced healthcare infrastructure fuel the market growth.
Restraints
- Increasing cost associated with the usage of services.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The freestanding emergency department market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the freestanding emergency department market in these regions.
IMPACT OF COVID-19 ON FREESTANDING EMERGENCY DEPARTMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. With the number of rising cases, the healthcare workers have to perform alternative roles in order to meet the demand raised due to the outbreak and serve as many patients as possible. Previous infectious outbreaks and natural disasters have altered clinical operations and emergency department performance in various manners depending on the type and duration of disaster. The flexibility for freestanding EDs like the ability to temporarily work as a hospital during the COVID-19 public health emergency increased the growth opportunity for the market. Hence, the market is estimated to witness substantial growth.
MARKET PLAYERS
The report covers key developments in the freestanding emergency department market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from freestanding emergency department market are anticipated to have lucrative growth opportunities in the future with the rising demand for freestanding emergency department in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the freestanding emergency department market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Ardent Health Services
-HCA Healthcare
-Tenet Healthcare Corporation
-LifePoint Health, Inc.
-VMG Health
-Advis
-Universal Health Services, Inc.
-Ascension Health
-Emerus
-Physicians Premier ER
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.