Analysis and Forecasts by Type (Cardiac Hospitals, Cancer Hospitals, Rehabilitation Hospitals, ENT Hospitals, Neurological Hospitals, Orthopedic Hospitals, and Others) and Country
The Asia Pacific Specialty hospitals market is expected to reach US$ 99.0 Mn in 2027 from US$ 73.6 in 2018. The market is estimated to grow with a CAGR of 3.4% from 2018-2027.
The growth of the Specialty Hospitals market is driven by the factors such as increasing prevalence of chronic diseases, rising PPP initiatives in this region and growing geriatric population in the Asia Pacific region. Whereas, problems associated with specialty hospitals and increased specialty hospitals costs concerns is likely to have a negative impact on the growth of the market in the coming years.
A public-private partnership (PPP) is a cooperative arrangement between two or more public and private hospitals. There are deficiencies in public hospitals, hence partnership with private sector has emerged as a new avenue to eradicate the insufficiencies. The approach also includes developing private specialty hospital on public land that allows certain number of beds/ treatments available to publicly funded patients.
For instance, In India, the Government of Punjab and Max Healthcare Institute entered into Public Private Partnership and are setting up a super specialty healthcare facility for cancer and trauma care. The partnership focuses on providing healthcare services for cancer and trauma care in Mohali, Punjab. According to the partnership, Max Healthcare Institute Ltd (private provider) shall construct and manage the Greenfield super specialty hospital for a period of 50 years (concession period); and the Government of Punjab shall provide the land required for hospital to Max Healthcare Institute Ltd, who will provide the healthcare services. Max Healthcare Institute Ltd will pay the Government of Punjab an upfront consideration and 5% of the total revenue as annual concession fee.
Therefore, owing to the advantages of the Public Private Partnership in hospitals sector, the specialty hospitals are likely to boost the growth of the specialty hospitals market in the forecast years.
Japan is anticipated to lead the adoptions of Specialty Hospitals across the Asia Pacific region through the forecast period. The private hospitals such as Tokatsu Dialysis Hospital & Clinics offers 14 different medical specialties such as nephrology, cardiovascular, gastroenterological surgery and orthopedics among others. Likewise, the another multispecialty hospital in Japan is Sakra World Hospital which provide services for the neurosciences, cardiac sciences, women and child health, orthopedics, digestive and HPB sciences and renal sciences.
Thus, Japan is already ahead in the specialty hospitals in the region, however, it is expected that the market is likely to propel in the coming future.
Rest Of Asia Pacific Specialty Hospitals Market Revenue and Forecasts to 2027 (US$ Bn)
ASIA PACIFIC SPECIALTY HOSPITALS - MARKET SEGMENTATION By Type
Cancer Hospitals
Cardiac Hospitals
Rehabilitation Hospitals
ENT Hospitals
Neurological Hospitals
Orthopedic Hospitals
Others
By Country
Japan
China
India
Companies Mentioned
Encompass Health Corporation
Kindred Healthcare Inc
Memorial Sloan-Kettering
Steward Health Care System LLC
Belhoul Speciality Hospital
Advanced Specialty Hospitals
HCA Management Services L.P
TH Medica, Community Health Systems, Inc.
Universal Health Services, Inc.
Select Medical Corporation (Kessler Institute for Rehabilitation)
Asia Pacific Specialty Hospitals Market Strategic Insights
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Asia Pacific Specialty Hospitals Market Segmentation Analysis
Asia Pacific Specialty Hospitals Market Report Highlights
Asia Pacific Specialty Hospitals Report Scope
Report Attribute
Details
Market size in 2018
US$ 73.6 Million
Market Size by 2027
US$ 99.0 Million
CAGR (2018 - 2027)
3.4%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Type
Cardiac Hospitals
Cancer Hospitals
Rehabilitation Hospitals
ENT Hospitals
Neurological Hospitals
Orthopedic Hospitals
Regions and Countries Covered
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Market leaders and key company profiles
Encompass Health Corporation
Kindred Healthcare Inc
Memorial Sloan-Kettering
Steward Health Care System LLC
Belhoul Speciality Hospital
Advanced Specialty Hospitals
HCA Management Services L.P
TH Medica, Community Health Systems, Inc.
Universal Health Services, Inc.
Select Medical Corporation (Kessler Institute for Rehabilitation)
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Asia Pacific Specialty Hospitals Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the Asia Pacific Specialty Hospitals Market?
The Asia Pacific Specialty Hospitals Market is valued at US$ 73.6 Million in 2018, it is projected to reach US$ 99.0 Million by 2027.
What is the CAGR for Asia Pacific Specialty Hospitals Market by (2018 - 2027)?
As per our report Asia Pacific Specialty Hospitals Market, the market size is valued at US$ 73.6 Million in 2018, projecting it to reach US$ 99.0 Million by 2027. This translates to a CAGR of approximately 3.4% during the forecast period.
What segments are covered in this report?
The Asia Pacific Specialty Hospitals Market report typically cover these key segments-
Type (Cardiac Hospitals, Cancer Hospitals, Rehabilitation Hospitals, ENT Hospitals, Neurological Hospitals, Orthopedic Hospitals)
What is the historic period, base year, and forecast period taken for Asia Pacific Specialty Hospitals Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Specialty Hospitals Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in Asia Pacific Specialty Hospitals Market?
The Asia Pacific Specialty Hospitals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Encompass Health Corporation
Kindred Healthcare Inc
Memorial Sloan-Kettering
Steward Health Care System LLC
Belhoul Speciality Hospital
Advanced Specialty Hospitals
HCA Management Services L.P
TH Medica, Community Health Systems, Inc.
Universal Health Services, Inc.
Select Medical Corporation (Kessler Institute for Rehabilitation)
Who should buy this report?
The Asia Pacific Specialty Hospitals Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Specialty Hospitals Market value chain can benefit from the information contained in a comprehensive market report.