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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 | Oct 2014

Stable condition: Extended insurance coverage and increased service prices will boost industry revenue

IBISWorld’s Hospitals market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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

The Hospitals industry experienced somewhat softened demand during the recession as insurance coverage rates and disposable income decreased. However, healthcare reform is expected to result in more people with insurance, which will drive demand for hospital services and reduce the number of uninsured patients treated by industry operators. Additionally, rising service prices and cost-cutting efforts such as the implementation of electronic health records systems will likely boost profit margins in the next five years. However, healthcare reform may also have the long-term effect of driving patients out of the industry altogether, as less expensive alternatives to hospital care become more popular... 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. Despite the recession, demand has remained strong, and hospitals have been challenged to provide quality 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 $935.6 billion. However, hospitals continue to face challenges from changes in reimbursement rates and a shortage of qualified personnel.

Healthy revenue and profit

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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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