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 | Apr 2016

Healthy prognosis: 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
$986bn
Annual Growth 11-16
3.4%
Annual Growth 16-21
Add to Cart
Profit
Add to Cart
Employment
5,513,669
Businesses
3,184
Industry Analysis & Industry Trends

This traditionally fragmented industry has recently begun consolidating, largely due to the pressures of healthcare reform. Demand for industry services has steadily grown over the past five years, as healthcare reform legislation broadened insurance coverage and the sinking unemployment rate increased disposable income. To maintain an advantaged position in this competitive industry, hospitals seek the most skilled and specialized healthcare professionals. Consequently, labor costs in this industry are high. However, hospitals have also faced nurse and physician shortages and have struggled to recruit qualified personnel.Industry profitability has generally risen over the past five years due to increases in service prices... 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 10.8% of industry revenue in 2016. 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