North American Market Forecast
The micro hospitals market in North America is estimated to have the largest share of approximately 41% in 2023, driven by the growing governmental investments in this market. According to a report, the total investment in healthcare was worth 57 billion USD in 2021, indicating a YoY increase of about 137%. Moreover, with the increase in research and development for producing more efficient and reliable healthcare and healthcare delivery platforms, these demands are expected to fuel the demand for the micro-hospitals market in the region.
APAC Market Statistics
The Asia Pacific micro hospitals market is estimated to be the second largest, during the forecast timeframe led by an increase in the adoption of several technologically advanced healthcare models, along with the ever-expanding geographical reach of the companies in this industry as this causes a surge in the number of micro hospitals healthcare start-ups along with the growing demand in service launches. For instance, according to the report by the US Department of Health & Human Services (HHS) in February 2022, HHS awarded around USD 55 million to increase virtual healthcare access and quality through community healthcare centers.
Author Credits: Radhika Pawar
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