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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 | Apr 2016

Healthy prognosis: 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
$986bn
Annual Growth 11-16
3.4%
Annual Growth 16-21
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Profit
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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 Products Chapter

There are three basic types of hospitals in the United States: proprietary (for-profit) hospitals, nonprofit hospitals and charity- or government-supported hospitals. The services within these institutions vary considerably, and are usually organized according to the basic mission 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 training interns and residents and offering services to patients who cannot afford 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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