The U.S. integrated delivery network market is expected to reach USD 2137.1 billion by 2027 registering a CAGR of 10.1%, according to a new report by Grand View Research, Inc. The market growth is attributed to the rising demand for various healthcare services owing to increased prevalence of chronic diseases and growing geriatric population. According to a recent study published by the U.S. Department of Health and Human Services and Population Reference Bureau, the population aged 65 years and above is likely to double up from 52 million in 2018 to 95 million by 2060. This will result in the growing adoption of healthcare-related services.
The
IDN is one of the key solutions to the healthcare burden in U.S., the
consolidation among the various healthcare providers have improved the profit
margin for all the healthcare institutes by reducing the operating cost and
attaining economies of scale. With growing number of target population, the
U.S. healthcare industry is going through rapid and continuous expansion, in
terms of healthcare facilities, adoption of advanced technologies, and rise in
the number of pharmaceutical companies, med-surg product manufacturers, and
insurance providers in country.
The
ongoing strategic initiatives by healthcare network to merge, partner, and
expand the healthcare ecosystem, have allowed them to reach economies of scale,
and thus is expected to drive the integrated delivery network market growth in
U.S. IDN can be formed by a large and small number of hospital groups. Many
integrated delivery networks dominate the market through strategic initiatives
such as acquisitions and mergers, partnerships, and expansion of healthcare
facilities.
In
2019, the acute care/hospital service segment held the largest market share
owing high preference of acute care/hospital facilities among patients and rise
in the number of surgeries performed in hospital infrastructure. In addition,
various initiatives undertaken by IDNs to improve their service capability are
propelling the segment growth.
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U.S. IDN Market
Report Highlights
- Acute
care/hospital services emerged as the largest segment with a revenue share
of 48.0% in 2019
- In terms of
integration model, vertical segment accounted for the largest revenue
share in 2019
- Growing focus
of healthcare institutes to reduce overall treatment cost and improve
quality of care is one of the key factors driving the market growth
- Vertical
integration segment is expected to be the largest and fastest-growing
segment from 2020 to 2027
- The
horizontal integration model involves grouping of organizations that offer
a similar type of care; whereas, vertical integration involves grouping of
healthcare systems, which are offering different levels of care under one
umbrella
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U.S. IDN Market
Segmentation
Grand View Research has
segmented the U.S. IDN market on the basis of integration model and service
type:
U.S. IDN
Integration Model Outlook (Revenue, USD Million, 2016 - 2027)
- Vertical Integration
- Horizontal Integration
U.S. IDN Service
Type Outlook (Revenue, USD Million, 2016 - 2027)
- Acute Care/Hospitals
- Primary Care
- Long-term Health
- Specialty Clinics
- Others
List of Key
Players of U.S. IDN Market
- HCA Healthcare, Inc.
- CommonSpirit Health
- United Healthgroup
- Kaiser Permanente
- University of Pittsburgh Medical Center
- Trinity Health
- Tenet Healthcare Medical
- CHI Health
- Ascension Health
- Providence St Joseph Health
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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