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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 | Feb 2014

Stable condition: Healthcare reform will enable growth, but high labor costs will constrain profit

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
$923bn
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

Hospitals will benefit from increasing demand for healthcare among a growing customer base. Furthermore, healthcare reform will pave the way for revenue growth as more individuals gain insurance coverage. Conversely, high labor costs will result from ongoing shortages and reimbursement from Medicaid, and Medicare will continue to be strained as the government seeks to finance healthcare reform and states deal with budget deficits, restraining profitability... purchase to read more

Industry Report - Industry Analysis Chapter

The Hospitals industry is expected to grow at an annualized rate of 3.9% during the five years to 2014. In spite of the recession, demand has remained strong, and hospitals have been challenged to provide quality patient care while dealing with rising costs and increased competition for patients. In 2014, moderate improvements in the economy and further implementation of the Patient Protection and Affordable Care Act (PPACA) are expected to help boost revenue 4.5% to $923.1 billion. Changes in reimbursement rates and a shortage of qualified personnel, however, continue to challenge hospitals.

Healthy revenue and profit

Advances in healthcare have helped people live longer lives... 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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