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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Investment Chapter

Capital intensity in the Hospitals industry is low. The average hospital requires about $0.07 worth of capital for every $1.00 of labor. Labor-related costs (including contracted services) are estimated to account for nearly 50.0% of total hospital revenue. Hospitals provide a high level of personal care, and the safety and quality of patient care in hospitals is influenced by the size and experience of the physician and nursing work force. Inpatient conditions have deteriorated in some facilities because hospitals have not kept up with the rising demand for nurses. This situation has motivated some state legislatures to enact or consider regulatory measures to assure adequate staffing... 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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