SEARCH   
MEMBER LOGIN    

Hospitals in the US: Market Research Report

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

Hospitals Market Research Report | NAICS 62211 | Oct 2014

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

IBISWorld’s Hospitals market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$936bn
Annual Growth 09-14
3.9%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
5,347,166
Businesses
2,982
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 Key Buyers Chapter

Despite widespread consolidation in recent years, the Hospitals industry remains fragmented, with hundreds of providers of various sizes spread throughout the country. No player accounts for more than 5.0% of industry revenue, and the four largest companies combined are estimated to account for less than 10.0% of revenue in 2014. However, concentration varies among geographic markets. For example, Hospital Corporation of America, concentrated in Florida and Texas, holds 20.0% to 40.0% market share in most of the areas in which it operates. Universal Health Services seeks leadership in growth markets and concentrates on medium-size cities with populations of up to 500,000 people, avoiding larger cities with many competitors... 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


View Sample
Quote
Select Clients