Specialty Hospitals are not new and are involved in providing cancer, cardiology, orthopedic and different specialized patient care. The hospital industry is subject of revived importance on quality of care and consumer satisfaction and hence Specialty Hospitals have been established to supply specialized care. Joint replacement surgery is on rise because of rising joint diseases like arthritis. Each year more and more people live with this condition, which can result in life-changing complications. As per the American Academy of orthopaedic Surgeons, by 2030, variety of total knee replacement surgeries within the US are projected to grow to 3.5 million procedures annually.
The Global Specialty Hospitals Market is expected to achieve US$ 509.10 Bn in 2027 from US$ 401.65 Bn in 2018. The growth of the Specialty Hospitals market is primarily attributed to the increasing incidences of chronic diseases within the forecast period. However, the high value associated with the Specialty Hospitals is expected to act as major challenges hindering the Specialty Hospitals market growth at certain extent.
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Thus, the increasing incidences of chronic diseases holds many opportunities for the specialty market to grow during the forecast period. some of the key players operating the world Specialty Hospitals are 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., and Universal Health Services, Inc. the developments done by these players have shown 94.7% of the organic growth strategies within the market. The organic growth strategies include various were agreements, collaboration, acquisitions and partnerships.
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