01-Mar-2022 | Facts and Factors
According to Facts & Factors, Private hospitals are owned by either for-profit or non-profit organizations. It is often sponsored privately by payments made by patients for healthcare services, insurance, government agencies through national health insurance programs, and foreign delegations. Private hospitals are healthcare facilities that are privately funded. The private hospital market's major sector is long-term healthcare. In different countries, the private healthcare industry varies in terms of size and responsibility.
The target market is significantly fragmented in many regions. Many small practices are owned by healthcare professionals in the private sector. Furthermore, the private hospital market is growing more commercial. Owing to the rise in demand for private hospitals the global private hospital market is estimated to grow at a CAGR of 12.5% during the forecast period.
The utilization of private medical services is increasing as demand for medical services has increased. The growing elderly population enhanced reimbursement policies, and rising rates of chronic diseases are among the important aspects of the growth of the global private hospital market. Large-scale outsourcing of National Health Services and the advent of advanced medical technology and treatments are propelling the global market forward. Also, the global market would benefit from more medical tourism and shorter treatment wait times. The need for diagnostic therapy and care is on the rise in the global private hospital market. However, the charges connected with private hospitals are a major factor limiting their growth. This is mostly due to high operational costs and service charges.
The global private hospital market is segregated based on category, hospital capacity, location, and region. Based on category, the global market is distinguished into children’s hospitals, multispecialty hospitals, acute care hospitals, and specialty hospitals. The acute care hospitals segment dominates the market. Based on hospital capacity, the market is bifurcated into large, medium, and small. The medium size hospitals segment is expected to lead over the forecast period. As per location, the market is segmented into rural and urban, the latter contributes massively towards the overall private hospital market share.
North America leads the global private hospital market because of its vast aging population and rising rates of lifestyle-related disorders. During the forecast period, the global market is predicted to rise at a rapid pace, with Asia leading the way, followed by Europe. India and China are predicted to be the Asia Pacific region's fastest-expanding private hospital markets. Large patient pools increased healthcare knowledge, and increased healthcare costs are some of the primary driving reasons for the private hospital market in emerging countries. Furthermore, in developing countries, the government is unable to address healthcare needs due to a lack of resources.
Market Size in 2021
USD 820 Billion
Projected Market Size in 2028
USD 2000 Billion
CAGR Growth Rate
Key Market Players
Toulon Hyères Private Hospital, St Francis Foundation, Deaconesses Croix Saint, Apollo Hospitals Enterprise Ltd., Healthe Care, Ramsay Health Care, HCA Healthcare, Fresenius SE & Co. KGaA, Nuffield Health, Fortis Healthcare Limited, London Bridge Healthcare, Life Healthcare, Spire Healthcare Group Plc., MEOCLINIC Gmbh, IASIS Healthcare, and Care UK., among others
By Category, By Hospital Capacity, By Location, and By Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Browse the full “Private Hospital Market By Category (Children's Hospital, Multispecialty Hospitals, Acute Care Hospitals, and Specialty Hospitals), By Hospital Capacity (Large (>500 Beds), Medium (100 Beds – 500 Beds), Small (100 Beds)), By Location (Rural and Urban), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecast 2022 – 2028.” report at https://www.fnfresearch.com/private-hospital-market
Key players functioning in the global private hospital market include Toulon Hyères Private Hospital, St Francis Foundation, Deaconesses Croix Saint, Apollo Hospitals Enterprise Ltd., Healthe Care, Ramsay Health Care, HCA Healthcare, Fresenius SE & Co. KGaA, Nuffield Health, Fortis Healthcare Limited, London Bridge Healthcare, Life Healthcare, Spire Healthcare Group Plc., MEOCLINIC Gmbh, IASIS Healthcare, and Care UK.
To cite, in November 2021, Quirónsalud, one of the largest private hospital firms in Spain and a subsidiary of Fresenius Helios, has agreed to acquire Clínica Clofán, and Centro Oncológico de Antioquia (COA), strengthening the company's position in Colombia.
The global private hospital market is segmented as follows:
Global Private Hospitals Market: Category Segmentation Analysis
- Children’s Hospital
- Multispecialty Hospitals
- Acute care Hospitals
- Specialty Hospitals
Global Private Hospitals Market: Hospital Capacity Segmentation Analysis
- Large (>500 beds)
- Medium (100 beds-500 beds)
- Small (100 beds)
Global Private Hospitals Market: Location Segmentation Analysis
Global Private Hospitals Market: Regional Segmentation Analysis
- North America
- The U.S.
- Rest of North America
- The UK
- Nordic countries
- Benelux Reunion
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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