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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

The Hospitals market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Products Chapter

The United States has three basic types of hospitals: proprietary (for-profit) hospitals, nonprofit hospitals and charity- or government-supported hospitals. The services within these institutions vary considerably, but they are usually organized based on the basic missions or objectives of the institution. Proprietary hospitals include general and specialized hospitals, usually as part of a healthcare network, which may be corporately owned. These hospitals aim to make a profit from the services provided. Nonprofit teaching or community hospitals serve several purposes, including providing training to interns and residents and offering services to patients who cannot pay for them. These hospitals also attempt to maintain some degree of profitability to preserve and update facilities... 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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