Micro-hospitals are hospitals designed both functionally and technically to provide the appropriate medical care in the most suitable place at the most affordable price. Health care services range from urgent medical assistance, acute surgical, elective surgery, long-term care, hospital care, home health care, extended care, specialty services, rehabilitation, social care, and community health care depending on market demand. Furthermore, these establishments offer specialty doctor opportunities for specialized services like cardiology, ear, nose, throat, and colostomy surgery; cardiopulmonary resuscitation (CPR), and intensive care medicine. The services offered by these facilities also cover rehabilitation services, skilled nursing facilities, and pediatric services. Healthcare facility design changes have played an important role in the way in which hospital facilities management addresses the issue of security. High tech emergency lights and emergency lighting has become a necessity in any modern hospital.
Low initial investment and better accessibility to healthcare facilities are expected to drive growth of the global micro-hospitals market during the forecast period. Micro-hospitals are gaining major traction due to the fact that it requires a low initial investment. These hospitals aim to bridge the gap between the ambulatory centers and free-standing emergency rooms as they are unable to provide adequate service. Besides, micro-hospitals require lesser time for construction as compared to large-scale hospitals. These hospitals primarily provide patient-centric care, convenience, and easier accessibility to healthcare facilities. Moreover, the number of patients in these hospitals are fairly low. Thus, these factors are expected to drive growth of the global micro-hospitals market during the forecast period. Moreover, declining admission rates of large-scale hospitals are expected to boost the global micro-hospitals market growth over the forecast period.
However, the lack of adequate and advanced facilities required for particular surgeries is expected to hinder the global micro-hospitals market growth over the forecast period. Among regions, North America is expected to witness significant growth in the global micro-hospitals market during the forecast period. This is owing to per capita expenditure on healthcare across the region. According to the Centers for Disease Control and Prevention (CDC), around 90% of people in the U.S. have insurance coverage and are potential users of micro-hospitals.
Major competitors involved in the global micro-hospitals market are Emerus Hospitals, Christus Health, Baylor Scott & White Saint Luke’s Health System, Dignity Health, and SCL Health.
For instance, in August 2020, Modulus Housing, an Indian start-up incubated at a public technical and research university named IIT Madras, developed a portable hospital unit for COVID-19 patients.
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