Hospital Emergency Department Market Size, Share and Trends 2024 to 2034

Hospital Emergency Department Market Size and Forecast 2024 to 2034

The global hospital emergency department market size is predicted to reach around USD 211.03 billion by 2034 from USD 140.79 billion in 2024, at a CAGR of 4.13% between 2024 and 2034. Hospital emergency departments help in emergency care, which saves lives by providing swift and quality medical care; skilled staff help to assess the situation, diagnosis, and stabilization. These factors help to the growth of the market.

Hospital Emergency Department Market Key Takeaways

• North America dominated the hospital emergency department market in 2023.
• Asia Pacific is estimated to be growing significantly during the forecast period of 2024-2033.
• By health conditions, the infectious conditions segment dominated the market in 2023.
• By health conditions, the gastrointestinal and cardiac conditions segments are expected to grow significantly during the forecast period.
• By insurance, the private & others segment dominated the hospital emergency department market in 2023 and is anticipated to be the fastest-growing during the forecast period.
• By insurance, the Medicare/Medicaid segment is anticipated to grow significantly during the forecast period.

Market Overview

The hospital emergency department market refers to a department that provides 24-hour a-day, 7-day-a-week emergency care to patients who need instant medical assistance. It is responsible for providing medical and surgical care to patients arriving at the hospital needing immediate care. The department is administered and organized to provide a high standard of emergency care to people in the community who require urgent care, including hospital admission. The hospital emergency department benefits include instant access to physicians from various specialties, a high range of diagnostics tests, and surgical procedures.

Hospital Emergency Department Market Growth Factors

• The benefits of the hospital emergency department include instant access to physicians from various specialties and a high range of diagnostic tests and surgical procedures, which help the growth of the market.
• It is also provided by emergency rooms, which save lives by treating many injuries and illnesses, which helps the growth of the market.
• Emergency departments in hospitals work in close association with other departments like blood banks, laboratory, radiology, etc. These factors help to the growth of the hospital emergency department market.

How Can AI Help the Hospital Emergency Department?

The emergence and evolution of artificial intelligence (AI) has generated rising interest in ML (machine learning) applications for healthcare. Researchers are especially grasping the potential of ML (machine learning) solutions to improve the quality of care in emergency medicine. AI is increasingly used in the hospital emergency department for medicines and critical care and offers many benefits, including personalized treatment plans, reduced physician burnout, and improved diagnostic accuracy.

• In February 2024, an AI-powered patient experience app was launched by Vital in collaboration with Children’s Hospital Los Angeles (CHLA). The app provides more transparency and clarity to families and patients in pediatric emergency department visits. The digital health solution, available through CHLA’s ‘MyVisit’ and powered by Vital’s ERAdvisor, provides patient education, progress towards discharge, labs and imaging results, and real updates on wait times. 
• In April 2024, a generative AI documentation product, especially for hospital emergency departments, was launched by an ambient artificial intelligence (AI) documentation company, Augmedix, including learnings from a pilot program with HCA Healthcare.

Hospital Emergency Department Market Scope

Market Dynamics

Driver

Rising motor vehicle accidents and other incidences

The rising number of motor vehicle accidents and other incidences of TBI (Traumatic Brain Injury), concussion, unintentional falls, and spinal cord injury contribute to the growth of the market. Healthcare emergency departments perform initiative care, and EMS clinicians provide serious medical care essential to help reduce disability and death on our streets and roads. For the treatment of other incidences like TBI, healthcare emergency departments include experimental management of hyperosmolar agents, fast diagnostic imaging, reversal of anticoagulation, and early neurological consultations.

Restraint

Challenges in hospital emergency departments

The challenges of hospital emergency departments include wait times and the first come, first served triage approach, leading to increased patient complaints, deaths, and decreased productivity. In the case of patients with more urgent conditions, they still wait longer if they reach there after others. It also includes overcrowding, communication challenges, and high cost to regular hospital campuses.

Opportunity

Future scope of hospital emergency departments

The future scope of hospital emergency departments includes adopting digital technologies like artificial intelligence (AI), big data, cloud computing, blockchain, telehealth, and the Internet of Things (IoT) to modify emergency care. Community paramedics can help assess patients at home, consult remotely with emergency physicians, and provide care outside the hospital setting.

Health Conditions Insights

The infectious conditions segment dominated the hospital emergency department market in 2023. Infection control and prevention are the unique challenges for the hospital emergency departments. Hospital emergency departments play an important role in managing infectious conditions. Hand hygiene is an essential strategy for preventing infectious disease transmission in healthcare settings. Some benefits of hospital emergency departments include being staffed with skilled professionals identifying the cause of infections and staying with recent effective treatments. Hospital emergency departments act as sentinel systems for infectious diseases.

They may be the first place people seek care for uncommon symptoms. Proper protocols in hospital emergency departments help ensure a safe environment for patients and healthcare professionals and prevent the infectious agent's transmission. Accurate and timely hospital emergency department management contributes to public health.

The gastrointestinal and cardiac conditions segments are expected to grow significantly during the forecast period. Hospital emergency departments play an important role in managing gastrointestinal and cardiac conditions. Unlike clinics and ambulatory sites, the hospital emergency department provides care for gastrointestinal and cardiac conditions. Emergency department visits are increasing for gastrointestinal and cardiac conditions. Factors associated with the hospital emergency department admission include imaging performed, insurance status, race and ethnicity, residence, day of presentation, and patient age.

Some gastrointestinal diseases are life-threatening and require emergency treatments. Immediate surgery may be required to identify and treat gastrointestinal and cardiac conditions. These factors help the growth of the gastrointestinal and cardiac conditions segments and contribute to the growth of the hospital emergency department market.

Insurance Insights

The private & others segment dominated the hospital emergency department market in 2023 and is anticipated to be the fastest-growing during the forecast period. Private and other insurance payers pay more for hospital emergency department visits than Medicare/ Medicaid insurance payers. Emergency department visits may be costly, and the financial burden is different depending on the type of insurance coverage. Private insurance payers can pay the average out-of-pocket for hospital emergency department visits.

The cost of hospital emergency department visits is uncertain because of variations in billing practices. The most expensive components include management and evaluation charges, laboratory studies, and imaging, with facility fees accounting for 80% of the total cost. People with private insurance payers pay nearly $600 per hospital emergency department visit. These factors help the growth of the private and other segments and contribute to the growth of the market.

The Medicare/Medicaid segment is anticipated to grow significantly during the forecast period. Part A of Medicare visits include hospital emergency department visits if a doctor admits a person as an inpatient and part B, Medicare needs to meet their yearly deductible of $240 before Medicare pays for hospital emergency department visits. 20% coinsurance also applies for every visit.

Medicare/Medicaid insurance provides emergency services, which include emergency prescription medications, emergency mental health services, emergency dental care, diagnostic tests and imaging, emergency surgeries, ambulance transportation, and emergency room visits. These factors help the growth of the Medicare/Medicaid segment and contribute to the growth of the hospital emergency department market.

Regional Insights

North America dominated the hospital emergency department market in 2023. The rising prevalence of cardiovascular diseases (CVD), the rising attention of healthcare professionals for giving emergency treatments, and the increasing healthcare infrastructure contribute to the growth of the market in the North American region. The availability of strong compensation coverage and skilled and trained personnel coverage can help the growth of the market. Healthcare spending or investments in the United States hospital emergency departments has increased. These factors help the growth of the market in the North American region.

• In November 2023, ASHEVILLE N.C., an investigation into Mission Hospital’s emergency department, was launched by the North Carolina Department of Health and Human Services.

Asia Pacific is estimated to be growing significantly during the forecast period of 2024-2033. In the Asia Pacific region, rapidly growing healthcare spending, consumer-centric trends like telehealth usage and digital health platforms, strategic opportunities for companies like coordinated care delivery, future-proof technology infrastructure, intra-regional investments, and foreign direct investment can contribute to the growth of the hospital emergency department market. In recent years, India’s healthcare sector has seen significant investment and growth opportunities like Aatmnirbhar Bharat Abhiyan for the production of medical devices and pharmaceuticals through Production-Linked Incentives Schemes.

• In June 2024, in Bengaluru, India, a technologically driven, advanced emergency department (ED) was launched by the TriLife Hospital at its multi-specialty hospital in the city. The emergency department is equipped with a blood gas machine, ultrasound machine, ventilator, X-ray machine, and a minor OT and has all the facilities to conduct emergency surgeries and procedures.

Hospital Emergency Department Market Companies

• Qiagen
• DiscoverX Corporation
• Jubilant Biosys
• Oncodesign
• Dalton Pharma Services
• Thermo Fischer Scientific Inc.
• Merck & Co., Inc.
• WuXiApp Tec
• Charles River
• Pharmaceutical Product Development, LLC
• GenScript
• Laboratory Corporation of America Holdings
• EVOTEC
• Albany Molecular Research, Inc.
• LAC+USC Medical Center
• Montefiore Medical Center
• Baptist Health South Florida
• USA Health
• Clarion Hospital
• Schoolcraft Memorial Hospital
• Natchitoches Regional Medical Center
• St. Joseph’s Health
• Lakeland Regional Health
• Parkland Health

Segments Covered in the Report

By Health Condition

• Cardiac
• Neurologic
• Traumatic
• Gastrointestinal
• Infectious
• Psychiatric
• Others

By Insurance

• Private & Others
• Medicare/Medicaid

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa