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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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 will likely combine 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 aims to seek market leadership in growth markets and concentrates on medium-size cities with populations of up to 500,000 people, avoiding large 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


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