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Hospitals in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hospitals Market Research Report | NAICS 62211 | Jan 2015

Stable condition: Extended insurance coverage and increased service prices will boost industry revenue

IBISWorld’s Hospitals market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$988bn
Annual Growth 10-15
3.7%
Annual Growth 15-20
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Profit
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Employment
5,486,769
Businesses
3,007
Industry Analysis & Industry Trends

The Hospitals industry experienced somewhat softened demand during the recession as insurance coverage rates and disposable income decreased. However, healthcare reform is expected to result in more people with insurance, which will drive demand for hospital services and reduce the number of uninsured patients treated by industry operators. Additionally, rising service prices and cost-cutting efforts such as the implementation of electronic health records systems will likely boost profit margins in the next five years. However, healthcare reform may also have the long-term effect of driving patients out of the industry altogether, as less expensive alternatives to hospital care become more popular... purchase to read more

Industry Report - Industry Locations Chapter

The location of hospitals in the United States is largely determined by the same factors that drive demand for hospitals in general. The number of hospitals in a particular region will be determined by the size of the regional population and the demographic features that inform its healthcare needs, such as the age of the population or its general level of health. Accordingly, regions with larger (and older or less healthy) populations will generally have a larger share of the country's hospitals. Other factors, such as regional fluctuations in the birthrate or disposable income, will also impact a region's demand for healthcare.

The regions with the largest share of industry activity include the Southeast, West and Southwest... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hospitals Industry?

This industry includes operators licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients with medical conditions. Hospitals maintain inpatient beds and usually provide other services such as outpatient services, operating room services and pharmacy services. The industry excludes psychiatric and other specialty hospitals.

Industry Products
Inpatient careOutpatient care
 
Industry Activities
Inpatient careOutpatient careAnatomical pathology servicesDiagnostic X-ray servicesClinical laboratory servicesOperating room services


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