U.S. Freestanding Emergency Department Market Size, Share & Trends Analysis Report By Service (Imaging, Emergency Department, Laboratory), By Ownership (HOPD, Independent FSED), And Segment Forecasts, 2019 - 2026

Published: Jul, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The U.S. freestanding emergency department market size is expected to reach USD 7.5 billion by 2026, according to a new report by Grand View Research, Inc., registering a 5.3% CAGR during the forecast period. The market is expected to grow owing to increasing consumerism in healthcare in terms of consumer-driven health plans, rising preference for convenience care, and increase in federal funding. In addition, increasing burden of patient population at hospital emergency departments for treating medical conditions like stroke and chest pain is likely to boost FSED settings over the coming years.

The growth of the freestanding ED segment opens up opportunities for independent companies such as Adeptus and hospitals such as HCA Healthcare, Inc. (HCA); Tenet Healthcare Corporation (THC); and Community Health Systems, Inc. (CYH). As the need for emergency room (ER) services grows, independent providers such as market leader Adeptus Health and numerous private equity-backed companies are contributing actively to the industry. Also, large acute care hospitals such as HCA, Tenet, and Community Health address this demand through buildout of freestanding ERs.

FSEDs were first established in Texas. But now many facilities are being built in other states such as Arizona and Colorado and it is expected that more construction will take place in the next few years in other states as well. While large hospital systems are implementing their strategies for FSEDs, shifting of patient volume can be observed from smaller hospitals and those with extremely crowded EDs toward FSEDs.

Further key findings from the study suggest:

• In 2018, the Hospital Outpatient Department (HOPD) segment dominated the market in terms of revenue. This is attributed to overcrowding of hospital ERs and availability of high reimbursement for treatment at HOPD when compared with Independent Freestanding Emergency Department (IFSED), where no reimbursement is available if the facility is not affiliated

• Laboratory service held the largest share in the U.S market due to increasing patient volume for immediate care at FSEDs and increased patient preference for walk-in clinics. Laboratory test results are important for any diagnostic procedure and inpatient management decisions and are a significant contributor to ED patient flow

• The U.S. market has witnessed facility expansion through mergers and acquisitions by key players, which combine various services together and thus increase the overall market revenue

• Key players operating in the U.S. Freestanding Emergency Department market include Adeptus Health Inc.; Tenet Healthcare Corporation; Universal Health Services, Inc.; HCA Healthcare, Inc.; Community Health Systems, Inc.; Ascension Health; Legacy Lifepoint Health, Inc.; Ardent Health Services; and Emerus.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                       1.1.1 Ownership
                       1.1.2 Services
                       1.1.3 Estimates and forecast timeline
                   1.2 Research Methodology
                   1.3 Information Procurement
                       1.3.1 Purchased database
                       1.3.2 GVR's internal database
                       1.3.3 Secondary sources
                       1.3.4 Primary research
                       1.3.5 Details of primary research
                   1.4 Information or Data Analysis
                       1.4.1 Data analysis models
                   1.5 Market Formulation & Validation
                   1.6 Model Details
                       1.6.1 Commodity flow analysis
                       1.6.2 Approach 1: Commodity flow approach
                       1.6.3 Volume price analysis
                       1.6.4 Approach 2: Volume price analysis
                   1.7 List of Secondary Sources
                   1.8 List of Abbreviations
                   1.9 Objectives
                       1.9.1 Objective 1
                       1.9.2 Objective 2
Chapter 2 Executive Summary
                   2.1 Market Outlook
                   2.2 Segment Outlook
Chapter 3 Market Variables, Trends & Scope
                   3.1 Market Lineage outlook
                       3.1.1 Related/ancillary market outlook
                   3.2 Market Segmentation
                       3.2.1 Analysis
                   3.3 Market Dynamics
                       3.3.1 Market driver analysis
                       3.3.2 Increasing consumerism in healthcare
                       3.3.3 Rising preference for convenience care
                       3.3.4 Increase in Federal funding fuels the growth of the market
                       3.3.5 Market restraint analysis
                       3.3.6 High cost restricted to urban population
                       3.3.7 Industry opportunities
                   3.4 Penetration & Growth Prospect Mapping
                       3.4.1 Penetration & growth prospect mapping analysis
                   3.5 Business Environment Analysis Tools
                       3.5.1 PORTER'S five forces analysis
                       3.5.2 PESTEL analysis
                       3.5.3 Major deals & strategic alliances analysis
                       3.5.4 Mergers & acquisitions and joint ventures
                       3.5.5 Licensing & partnerships and technology collaborations
Chapter 4 U.S. Freestanding Emergency Department (FSED) Market: Ownership Analysis
                   4.1 U.S. Freestanding Emergency Department (FSED) Ownership Market Share Analysis, 2018 & 2026
                   4.2 U.S. Freestanding Emergency Department (FSED) Ownership Market: Segment Dashboard:
                   4.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Ownership Segment
                       4.3.1 Hospital outpatient department (hopd)
                       4.3.2 U.S. Hospital Outpatient Department (HOPD) market, 2015 - 2026 (USD Million)
                       4.3.3 Independent Freestanding Emergency Department (IFSED)
                       4.3.4 U.S. Independent Freestanding Emergency Department (IFSED) market, 2015 - 2026 (USD Million)
Chapter 5 U.S. Freestanding Emergency Department (FSED) Market: Service Analysis
                   5.1 U.S. Freestanding Emergency Department (FSED) Service Market Share Analysis, 2018 & 2026
                   5.2 U.S. Freestanding Emergency Department (FSED) Services Market: Segment Dashboard:
                   5.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Services Segment
                       5.3.1 Emergency department (ed) service
                       5.3.2 U.S. Emergency Department (ED) services market, 2015 - 2026 (USD Million)
                       5.3.3 Imaging service
                       5.3.4 U.S. Imaging Service Market, 2015 - 2026 (USD Million)
                       5.3.5 Laboratory service
                       5.3.6 U.S. Laboratory Service Market, 2015 - 2026 (USD Million)
Chapter 6 U.S. Freestanding Emergency Department (FSED) Market Analysis
                   6.1 List of Players in U.S.
                   6.2 Market Size, & Forecast, and Trend Analysis, 2015 to 2026
                       6.2.1 U.S.
                           6.2.1.1 Regulatory & reimbursement scenario
                           6.2.1.2 U.S. Freestanding Emergency Department (FSED) market, 2015 - 2026 (USD Million)
Chapter 7 Competitive Analysis
                   7.1 Recent Developments & Impact Analysis, by Key Market Participants
                   7.2 Strategic Framework/ Competition Categorization (Key innovators, Market leaders, Emerging Players
                   7.3 Vendor Landscape
                       7.3.1 Company market position analysis (Revenue, service portfolio, facilities, capacity, strategic initiatives)
                   7.4 Company Profiles
                       7.4.1 Tenet Healthcare Corporation
                           7.4.1.1 Company overview
                           7.4.1.2 Financial performance
                           7.4.1.3 Services benchmarking
                           7.4.1.4 Strategic initiatives
                           7.4.1.5 SWOT analysis
                       7.4.2 Universal Health Services, Inc.
                           7.4.2.1 Company overview
                           7.4.2.2 Financial performance
                           7.4.2.3 Services benchmarking
                           7.4.2.4 Strategic initiatives
                           7.4.2.5 SWOT analysis
                       7.4.3 Community Health System
                           7.4.3.1 Company overview
                           7.4.3.2 Financial performance
                           7.4.3.3 Services benchmarking
                           7.4.3.4 Strategic initiatives
                           7.4.3.5 SWOT analysis
                       7.4.4 HCA Healthcare, Inc.
                           7.4.4.1 Company overview
                           7.4.4.2 Financial performance
                           7.4.4.3 Services benchmarking
                           7.4.4.4 Strategic initiatives
                           7.4.4.5 SWOT analysis
                       7.4.5 Legacy Lifepoint Health, Inc.
                           7.4.5.1 Company overview
                           7.4.5.2 Financial performance
                           7.4.5.3 Services benchmarking
                           7.4.5.4 Strategic initiatives
                           7.4.5.5 SWOT analysis
                       7.4.6 Ardent Health Services
                           7.4.6.1 Company overview
                           7.4.6.2 Financial performance
                           7.4.6.3 Services benchmarking
                           7.4.6.4 Strategic initiatives
                           7.4.6.5 SWOT analysis
                       7.4.7 Ascension Health
                           7.4.7.1 Company overview
                           7.4.7.2 Services benchmarking
                           7.4.7.3 Strategic initiatives
                       7.4.8 Adeptus Health Inc.
                           7.4.8.1 Company overview
                           7.4.8.2 Financial performance
                           7.4.8.3 Services benchmarking
                           7.4.8.4 Strategic initiatives
                           7.4.8.5 SWOT analysis
                       7.4.9 EMERUS
                           7.4.9.1 Company overview
                           7.4.9.2 Financial performance
                           7.4.9.3 Services benchmarking
                           7.4.9.4 Strategic initiatives
Chapter 8 Recommendations

List of Tables

TABLE 1 List of secondary sources
TABLE 2 List of abbreviation
TABLE 3 List of players in U.S.
TABLE 4 U.S. FSED market, 2015 - 2026 (USD Million)
TABLE 5 U.S. FSED market, by ownership 2015 - 2026 (USD Million)
TABLE 6 U.S. FSED market, by service 2015 - 2026 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Market outlook
Fig. 9 Freestanding emergency department market segmentation
Fig. 10 Market trends & outlook
Fig. 11 Market driver relevance analysis (Current & future impact)
Fig. 12 Market restraint relevance analysis (Current & future impact)
Fig. 13 Penetration & growth prospect mapping
Fig. 14 PORTER'S five forces analysis
Fig. 15 PESTLE analysis
Fig. 16 U.S.Freestanding Emergency Department (FSED) service market share analysis, 2018 & 2026
Fig. 17 U.S. Freestanding Emergency Department (FSED) ownership market: Segment dashboard
Fig. 18 Hospital outpatient department market, 2015 - 2026 (USD Million)
Fig. 19 U.S. independent freestanding emergency department market, 2015 - 2026 (USD Million)
Fig. 20 U.S.Freestanding Emergency Department (FSED) service market share analysis, 2018 & 2026
Fig. 21 U.S. Freestanding Emergency Department (FSED) service market: Segment dashboard
Fig. 22 Home healthcare market, 2015 - 2026 (USD Million)
Fig. 23 Imaging service market, 2015 - 2026 (USD Million)
Fig. 24 Laboratory service market, 2015 - 2026 (USD Million)
Fig. 25 U.S. Freestanding Emergency Department (FSED) market, 2015 - 2026 (USD Million)
Fig. 26 Strategy framework
Fig. 27 Strategy framework / Competition categorization
Fig. 28 Company market position analysis (service portfolio, strategic initiatives, geographic presence)