The global bedless hospitals market is expected to be valued at USD 947.66 million in 2023 and is projected to reach USD 1,829.51 million by 2033. A CAGR worth 6.8% is expected for the market during the 2023 to 2033 forecast period.
Due to the changing nature of healthcare and consumers' desire for convenience, atypical treatment formats such as stand-alone emergency rooms and micro-hospitals have emerged, and now bedless hospitals are joining the trend.
These hospitals still contain standard hospital amenities such as infusion suites, emergency rooms, helipads, and operating rooms, but no overnight accommodations. The number of hospitals in a region represents the region's healthcare system. Patients nowadays come in relatively short periods of time, and the growing population raises the demand for bedless hospitals. Because of the rising prevalence of numerous diseases, improved, efficient, and cost-effective treatments, and therapies have been developed. Change in inpatient volume to be more cost-effective.
The number of bedless hospitals has expanded dramatically, resulting in an increase in the value share of bedless hospitals internationally. Hospital-based treatment centers and independent facilities are the two types of bedless hospitals. Ophthalmology, urology, gastroenterology, neurology, and other diagnostic and surgical procedures are conducted in bedless hospitals.
| Attributes | Details |
|---|---|
| Historical Value (2022) | USD 899.1 million |
| Current Year Value (2023) | USD 947.66 million |
| Expected Forecast Value (2033) | USD 1,829.51 million |
| Historical CAGR (2018 to 2022) | 4.4% |
| Projected CAGR (2023 to 2033) | 6.8% |
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The bedless hospitals market is expected to increase significantly over the forecast period, as population expansion, cost-effective treatment, and other factors contribute to providing better treatment in a shorter time frame.
Players such as Montefiore Medical Center in New York City are treating patients as bedless hospitals. Technology innovation is also a big contributor to the global increase in the number of bedless hospitals. With enhanced technology, the process of treatment has become much easier and less time-consuming. Hence, the patients are simply required to stay for a short span of time.
This notion can assist patients to obtain care in adjacent community hospitals, avoiding unnecessary travel and the costs of inpatient stays at tertiary centers. Another advantage is that the danger of COVID-19 infection is reduced if patients stay for a short amount of time, allowing patients to be evaluated, begin treatment, and be discharged or sent to a nearby facility. Such advances are expected to boost the market for bedless hospitals during the forecast period.
On one hand, bedless hospitals do not require patients to be admitted for more than one day. Yet as the entire treatment is being done on a single day, these kinds of hospitals charge a huge amount of money for the entire procedure.
Also, the lump sum amount charged can also be accredited to the advanced technology being used during the procedure or the surgery. This becomes a hindrance for a lot of people and thus can impede the growth of the global market during the forecast period.
Principal Consultant
During the projected period of 2023 to 2033, the Ophthalmology segment is expected to dominate the market. With the rapid rise in various kinds of eye-related issues such as surgeries, the demand for bedless hospitals in the segment of ophthalmology is rising too.
| Segment | Ophthalmology Specialty Area |
|---|---|
| 2022 Value Share in Global Market | 51.2% |
The market growth can be attributed to the rising prevalence of optical disorders such as glaucoma, diabetic retinopathy, cataract, and vitreoretinal disorders, coupled with technological advancements in ophthalmic surgical as well as diagnostic instruments required for these target applications. Improved government initiatives to increase awareness related to visual impairment are further anticipated to widen the base for the bedless hospitals market growth.
From 2023 to 2033, the single specialty center segment is projected to lead the market. Single specialty centers focus on providing specialized medical services in a specific area, such as cardiology, orthopedics, or oncology. Their specialization allows them to develop deep expertise and provide high-quality, focused care to patients in need of specialized treatments. These centers operate efficiently by optimizing their resources, including equipment, staff, and facilities, resulting in shorter wait times and potentially lower costs compared to larger, multi-specialty hospitals.
| Segment | Single Specialty Center Type |
|---|---|
| 2022 Value Share in Global Market | 55.2% |
The convenience and accessibility of single specialty centers also play a role in their dominance. They are often located in easily accessible areas, reducing travel time and making it more convenient for patients to seek specialized care. Additionally, these centers often collaborate with other healthcare providers through referral networks, including general hospitals and primary care physicians. This collaboration ensures seamless coordination of patient care and facilitates the appropriate referral of patients to the specialized center.
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In terms of market share and revenue, the North American market is expected to be the dominant market for bedless hospitals during the projection period of 2023 to 2033. The market of bedless hospitals in North America acquired a global market size of 53.5% in 2022.
This development can be attributed mostly to higher healthcare spending than in other regions, as well as a population that is more health-conscious. People in the USA have numerous medical insurance under which they must regularly monitor their health. This has resulted in an increase in the number of outpatient department services, as well as childcare procedures and surgeries. During the forecast period, such factors are expected to drive the need for bedless hospitals in this region.
In addition, numerous organizations have conducted campaigns and initiatives to raise awareness among the general public, doctors, and healthcare professionals about the need for comprehensive health and eye care in the diagnosis and treatment of various health conditions. Such activities serve to raise disease awareness and the availability of treatment in various bedless hospitals, which in turn supports the North American bedless hospital industry.
In 2022, Europe held about 27.7 % of the global market share. This region is expected to be one of the fastest-growing markets for bedless hospitals during the forecast period, 2023 to 2033.
Following the pandemic, the European government has prioritized childcare measures. The growing number of working parents, as well as the resulting demand for child care, are also predicted to boost the bedless hospital industry in Europe in the coming years.
There is a growing awareness of the link between parental employment, economic growth, and access to child care, which is predicted to boost the supply of low-cost childcare centers. As a result of these trends, the European market for bedless will grow in importance throughout the forecast period.
The Asia Pacific market for bedless hospitals is expected to grow steadily during the forecast period. The growth in the Asia Pacific region can be attributed to the growing geriatric population and also the rising number of diseases in various developing countries like India.
The various hospitals in India account for a large number of patients in their OPDs on a daily basis. The medical industry here is developing rapidly and thus there is a booming demand for bedless hospitals with the rising demand for OPD services. Such demand can bolster the market and make it the fastest-growing bedless hospital market during the forecast period.
| Countries | 2022 Value Share in Global Market |
|---|---|
| United States | 50.4% |
| Germany | 5.8% |
| Japan | 2.9% |
The United States bedless hospitals market has been experiencing significant growth and transformation in recent years. The country is witnessing a shift from the traditional fee-for-service model to value-based care. Bedless hospitals align with this shift by emphasizing preventative care, remote patient monitoring, and personalized treatment plans. Chronic diseases, such as diabetes, hypertension, and cardiovascular conditions, are prevalent in the United States.
Bedless hospitals focus on chronic disease management through remote monitoring, medication adherence support, and lifestyle interventions, leading to better health outcomes and reduced healthcare costs. The rising healthcare costs in the country are also significant drivers for the adoption of bedless hospitals. By minimizing inpatient stays and utilizing virtual care models, bedless hospitals offer a cost-effective solution for healthcare delivery.
Like many developed nations, Germany is facing a rising burden of chronic diseases such as diabetes, cardiovascular diseases, and respiratory disorders. The focus on chronic disease management is driving the demand for bedless hospital services. Germany is known for its strong emphasis on technological innovation in healthcare. The country has witnessed advancements in electronic health records.
These technologies enable healthcare providers to offer virtual consultations, remote patient monitoring, and personalized care without the need for physical beds. The government has been actively promoting digital health solutions and telemedicine services. In 2019, the Digital Healthcare Act was introduced, which facilitated reimbursement for telemedicine services, including those provided by bedless hospitals.
The Japan bedless hospitals market is experiencing rapid growth. Japan is renowned for its technological innovation, and the bedless hospitals market is no exception. The country has embraced telemedicine, remote patient monitoring, artificial intelligence, and wearable devices to enable healthcare providers to deliver high-quality care outside of traditional hospital settings.
Japan faces the challenges of an aging population, resulting in a higher demand for healthcare services. Bedless hospitals offer a cost-effective solution for managing the healthcare needs of elderly patients. Japan has a strong tradition of home care, and bedless hospitals align well with this cultural aspect. The concept of receiving healthcare services at home is widely accepted and appreciated by patients and their families.
| Countries | Value CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 4.7% |
| China | 8.2% |
| India | 6.7% |
The United Kingdom bedless hospitals market is witnessing a significant growth driven by technological advancements, a shift towards outpatient care, and the need for cost-effective healthcare solutions. The country is witnessing rapid technological advancements in healthcare, including the widespread adoption of electronic health records, telemedicine platforms, and wearable devices.
These technologies enable seamless communication between healthcare providers and patients, facilitating the growth of bedless hospitals. Remote patient monitoring technologies, such as wearable devices and connected health devices, are gaining popularity in the United Kingdom. These devices enable healthcare providers to monitor patients' vital signs, collect real-time data, and intervene proactively, reducing the need for hospitalizations. Bedless hospitals can leverage these technologies to effectively provide continuous care and manage chronic conditions.
The China bedless hospitals market is gaining traction as a result of the country's rapidly evolving healthcare sector. Consumers are increasingly seeking convenience and accessibility in healthcare services in China. China's massive population provides a significant market opportunity for bedless hospitals. Moreover, the country has witnessed a rapid increase in digital adoption, with a high percentage of the population using smartphones and accessing the internet.
This digital-savvy population is receptive to digital healthcare solutions, creating a conducive environment for the growth of bedless hospitals. The expansion of telemedicine in China has been fueled by the need for improved healthcare access, especially in remote and underserved areas. Bedless hospitals leverage telemedicine platforms to provide remote consultations, diagnosis, and prescription services.
India's urban population is rapidly increasing, leading to an upsurge in lifestyle-related diseases and healthcare demands. Bedless hospitals, with their focus on preventive care, chronic disease management, and outpatient services, cater to the evolving healthcare needs of urban residents. While the bedless hospitals market in India offers immense opportunities, it also faces challenges.
Connectivity issues in rural areas, the lack of skilled professionals for remote consultations, and the need for robust cybersecurity measures are some of the challenges that need to be addressed. However, technological advancements, increasing digital literacy, and favorable government policies present significant opportunities for growth.
The government has been actively promoting digital healthcare and telemedicine through initiatives such as the National Digital Health Mission. India has also become a popular destination for medical tourism due to its cost-effective and high-quality healthcare services, leading to market growth.
Glamyo Health, based in Delhi, is a multi-specialty healthcare startup that aims to provide a hassle-free experience for all elective surgeries and cosmetic procedures through personalized care. Glamyo Health claims to provide high-quality medical care, drugs, and food at a fraction of the market price. From consultations to post-surgery follow-ups, the startup provides a single point of contact and provides end-to-end services.
The key players in this market include Healthway Medical Group, AmSurg Corp., Medical Facilities Corporation, HCA Holdings Inc., Tenet Healthcare, Surgical Care Affiliates Inc., Surgery Partners, Community Health Systems, Inc., and Vision Group Holdings.
Key Companies Profiled
The global market is estimated to be valued at USD 947.66 million in 2023.
The global market recorded USD 899.1 million in 2022, exhibiting a CAGR of 4.4%.
The global market is expected to progress at a CAGR of 6.8%.
The United States is likely to embrace the maximum share in the global market by 2033.
The global market is predicted to account for USD 1,829.51 million by 2033.
The market in 2023 is valued at USD 947.66 million.
The market will reach USD 1,829.51 billion by 2033.
The market will register a 6.8% CAGR until 2033.
From 2018 to 2022, the market expanded at a 4.4% CAGR.
China is expected to hold an 8.2% CAGR throughout 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Center Type 5.1. Single Specialty Center 5.2. Multi-specialty Center 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Services 6.1. Diagnostic Services 6.2. Surgical Services 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Specialty Area 7.1. Gastroenterology 7.2. Ophthalmology 7.3. Orthopedics 7.4. Pain/neurology 7.5. Urology 7.6. Dermatology 7.7. Other Specialty Areas 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Healthway Medical Group 18.2. AmSurg Corp. 18.3. Medical Facilities Corporation 18.4. HCA Holdings Inc. 18.5. Tenet Healthcare 18.6. Surgical Care Affiliates Inc. 18.7. Surgery Partners 18.8. Community Health Systems Inc. 18.9. Vision Group Holdings 18.10. Value (US$ Million)edHealth Group 19. Assumptions & Acronyms Used 20. Research Methodology
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Bedless Hospitals Market
