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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 | Jun 2014

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
$936bn
Annual Growth 09-14
3.9%
Annual Growth 14-19
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Profit
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Employment
5,347,166
Businesses
2,982
Industry Analysis & Industry Trends

During the five years to 2014, the Hospitals industry benefited from increases in service prices and extensions in insurance coverage. Demands for industry services softened somewhat during the recession, as individuals lost health insurance and disposable income. However, the economic environment only slightly dampened industry revenue. As the economy recovered and demand for industry services increased, high prices helped boost industry profitability. Additionally, hospitals are consolidating to combat competition from other providers and increased coverage will likely increase the number of patients that hospitals serve. In a similar manner, over the five years to 2019, the shortage of nurses will adversely affect the industry... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Despite its long-standing presence in the US economy, the Hospitals industry is in the growth phase of its life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is forecast to grow an average 4.1% annually during the 10 years to 2019. This increase is faster than the projected average annual growth of US GDP (2.7%) during the same period, which is characteristic of an industry in its growth phase.

The aging US population will contribute to growing demand for hospital services, and the healthcare reform legislation of 2010 will increase the number of people with medical insurance thus, increasing the overall market for industry services... 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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