Trauma care means the providing of suitable care to road crash victims with major and minor injuries at hospitals. Traumatic injuries includes falls, motor vehicle collisions, and gunshot wounds. The injury causes systemic shock called shock trauma which require immediate intervention to save human lives. Trauma center is divided into two level such as level I and level II. Level I is trauma center is for adults and level II trauma center is for Paediatrics patient. Recently WHO announced that for emergency traumatic care the in house facilities should be available. In 2019 “WHO” reported that the growing incidence of injuries resulting from falls and increase in mortality rate with an estimated 646,000 fall-related annual deaths with more than 80.0% deaths registered in developing countries which increases demand for specialized care for critical victims. In 2019 WHO reported that around 1.4 million deaths are registered each year caused by road traffic and car crash injuries. The “WHO” has further reported that about 93.0% of the global road fatalities occur in developing countries.
COVID-19 Scenario Analysis:
Coronavirus disease 2019 (COVID-19) has created an economic crisis along with a health care crisis. COVID-19 pandemic has stretched healthcare system worldwide, developed countries are expected to cause economic recession. The Covid-19 pandemic has an adverse impact on the healthcare system, resulting in 50% to 70% drop in revenue from March. Many small hospitals, clinics and nursing homes, have been forced to shut their operations. As a result of social distancing and localized curfews have resulted in delayed elective surgical procedures. In addition, visa cancellations have led to a hiatus in medical tourism and can negatively impact the healthcare services market growth.
The ongoing outbreak of COVID-19 pandemic affect positively to healthcare industries, during this pandemic situation trauma care centers market helps to providing facilities for coronavirus infected patient population. Recently “AIIMS Hospital” convert Trauma Centre into COVID-19 hospital. This hospital currently has 242 beds for Trauma Centre which helps to provide beds and hospital facilities for coronavirus infected people.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:
World Health Organization (WHO) reported that, in 2018, around 5 million people was die worldwide due to the injuries resulting from falls, road accidents, burns, drowning, poisoning, wounds, blunt cut, and brain injuries.
Globally North America is accounted as a largest revenue share market which attributed to the presence of separate trauma centers, well-established acute care hospitals, favourable compensation policies and high adoption of personalized trauma care by injured patients. Whereas, Asia Pacific is projected to be the most profitable market and expected to increasing highest growth rate during the forecast period due to the rising investment healthcare facilities, growing the demand for advanced trauma care, rising geriatric population and increasing incidence of road accidents
The factors that drive the growth of trauma care centers market including rising incidence of increasing number of road accidents, increasing geriatric population base, increasing prevalence of target disease, growing emergence of cost-effective specialized critical care, rising sports-related injuries and presence of government policies, growing demand for specialized critical care, rising set-up of standalone healthcare facilities with high availability of intensive care units, growing awareness initiatives such as reducing prevention strategies by government organizations including WHO and regional governments.
However, the factors such as side effects related with the trauma products and lack of skilled surgeons to perform the surgeries are restrain the trauma care centers market growth. The opportunities available in the market such as increasing large number of well facilities trauma care center and introduce various programs related to trauma care which facilitate the market growth.
New product launches to flourish the market:
Leading market player have determined how improved accuracy can be influential in many application. “AIIMS Hospital” known for trauma center providing the services for trauma. Recently this hospital added 258 beds for trauma patient and provide comprehensive 24-hours emergency care a day. Also, hospital has available resources to provide for emergency resuscitation, general, vascular, spine and orthopedic surgery, and intensive care services for critically injured trauma patients.
Similarly, “Albany Medical Center” has introduce new program such as “Albany Med Trauma” for trauma patient. This program serves a 17 country area of northeastern New York and provide coordinate trauma care to children and adult who are victims of trauma. It is a part of a network of over 400 emergency medical services and responsible for overseeing activities of the regional trauma system. This program help to save trauma patient live and restore health after injury.
Key benefits of the report:
- This study presents the analytical depiction of the global trauma care centers market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the trauma care centers market share.
- The current market is quantitatively analyzed to highlight the global trauma care centers market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global trauma care centers market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Trauma Care Centers Market research report:
- Who are the leading market players active in the trauma care centers market?
- What are the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that will help in taking further strategic steps?
Trauma Care Centers Market Report Highlights
By Trauma Type
By Service Type
By Facility type
By End User
Key Market Players
Ascension St. John Hospital, Fastmed Urgent Care, St. Joseph's Hospital and Medical Center, Albany Medical Center, Bellevue Hospital Center, University of Alabama Hospital, Banner University Medical Center Phoenix, Murnau Trauma Center, Baylor University Medical Center, China Medical University Hospital