Being in-patient facilities for small-scale areas, micro-hospitals are developed to provide emergency medical services. The key objective of running a micro-hospital is offering emergency and ambulatory services in treatment of patients with less-acute ailments. In small areas, micro-hospitals can abridge the rift in the healthcare quality and service delivery. Micro-hospitals are widely based in rural areas pertaining to their inward delivery model and economic nature. Micro-hospitals are gradually acquiring a secure position in the progressive healthcare system by delivering improved patient compliance at minimum costs.
Micro-hospitals are designed, both functionally and operationally, to provide right care at the right time. Micro-hospitals are subjected to the same rules and regulations followed by macro-hospitals with respect to construction of the building. By considering such factors and analyzing a range of causatives, Future Market Insights’ ongoing study is creating pragmatic forecasts on the expansion of global micro-hospitals market for the forecast period, 2017-2027.
Drivers and Restraints of Micro-Hospitals Market
Owing to the increase in patient compliance, there’s reduction in admission charges of large-scale hospitals which in turn increases the significance of the micro-hospitals on a larger basis. This factor is anticipated to drive the growth of global micro-hospitals market to a considerable extent. Globally, the micro-hospital market is expanding vigorously by offering higher compensation for services and entailing lower construction costs, as compared to ASCs (ambulatory surgical centers) and large hospitals. Soaring demand for quality healthcare and unfulfilled needs of patients is driving them away from large-scale hospitals. While this supports the growth of micro-hospital markets, growing expectations of patients and adaptation to evolving technology has turned out to be a key challenge.
Segmentation of Micro-Hospitals Market
Key segments employed during in-depth analysis of global micro-hospital market in this study, include – location and end-use. The location-based segmentation of the global micro-hospital market can be done as tier-1, tier-2 and tier-3 cities. Corporates, international tourists and individuals are being analyzed as the key end-users of global micro-hospitals market. The study also provides regional analysis across multiple regions. A well-established healthcare infrastructure makes North America a leading region in the global micro-hospitals market. Owing to the increased adoption of micro-hospitals, the US is anticipated to dominate North America’s micro-hospitals market. Europe is also expected to remain at the forefront of global market expansion as the region is witnessing increasing penetration of micro-hospitals in sub-urban areas. Economic stability in the APAC region can drive its market of micro-hospitals to greater heights. APAC is the fastest developing region owing to the growing government support with regards to healthcare system.
The report has also profiled the companies partaking in the growth of global micro-hospitals market during the forecasted expansion. Key participants in the micro-hospitals market are Saint Luke’s Health System, SCL Health and Emerus Hospitals etc. To increase the adaptation of micro-hospitals to new technologies & medical systems, these players are primarily focusing on effective partnerships and strategic collaborations. In the upcoming years, presence of handful players will continue attract more companies from the global healthcare sector.