U.S. Acute Hospital Care Market Worth $2,635.6 Billion By 2030
U.S. Acute Hospital Care Industry Overview The U.S. acute hospital care market size was valued at USD 1,480.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030. Its growth can be attributed to factors such as the growing geriatric population, increasing prevalence of chronic diseases, and favorable public reimbursement available for the services through Medicare and Medicaid. According to NCBI studies, individuals over the age of 65 years are at a greater risk of developing chronic illnesses, which could lead to acute exacerbations of underlying chronic diseases. As per the U.S. Census Bureau, the number of people aged 65 was 40.3 million in 2010 and increased to 54.1 million, as of July 2019. The number of elderly patients with critical illnesses has significantly increased over the past few years. Gather more insights about the market drivers, restrains and growth of the U.S. Acute Hospital Care Market The risk of ma...