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Specialty Hospitals in the US Industry Data and Analysis
Specialty hospitals maintain stable revenue through diversified payer arrangements, though notable exposure to commercial insurance and per capita income change creates vulnerability when employer coverage or household finances weaken. Private insurance supplies the majority of revenue at 59.9%, compared to Medicare's 29.5% and Medicaid's 6.7%, positioning hospitals to benefit from stable cashflow when balanced across multiple funding streams. This diversification proves essential as higher cost-sharing requirements and employer pressures drive demand shifts toward lower-acuity settings, potentially tightening volumes and collections. Hospitals can stay on a firmer footing by improving prior authorizations and managing claim denials, as well as providing patients with clear cost estimates upfront and flexible payment options. With positive, healthy growth in per capita disposable income and the number of individuals with private insurance surpassing declines in government funding, industry revenue has grown at a CAGR of 1.7% to $66.8 billion in 2025, with revenue increasing 0.5% in 2025 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Specialty Hospitals industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.
About this industry
What's this industry report about?
The Specialty Hospitals industry in the United States operates under the NAICS industry code 62231. This industry includes companies that provide diagnostic and medical treatment to inpatients with specific diseases or medical conditions. Specialty hospitals primarily provide long-term care for the chronically ill and offer rehabilitation, restorative and adjunctive services to physically challenged or disabled people. Related terms covered in the Specialty Hospitals industry in the United States include inpatient, outpatient, acuity, occupancy rate, long-term acute care (ltac) hospital, inpatient rehabilitation facility (irf) and accountable care organization.
What's included in this industry?
Products and services covered in Specialty Hospitals industry in the United States include Cancer treatment, Long-term acute care and Diseases of the circulatory system.
What companies are included in this industry?
Companies covered in the Specialty Hospitals industry in the United States include Memorial Sloan Kettering Cancer Center, Encompass Health Corporation and Select Medical Holdings Corp.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Specialty Hospitals industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Specialty Hospitals industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Specialty Hospitals industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Specialty Hospitals industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Specialty Hospitals industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Specialty Hospitals industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Specialty Hospitals industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Specialty Hospitals industry in the United States.
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Frequently Asked Questions
What is the market size of the Specialty Hospitals industry in the United States in 2026?
The market size of the Specialty Hospitals industry in the United States is $66.8bn in 2026.
How many businesses are there in the Specialty Hospitals industry in the United States in 2025?
There are 381 businesses in the Specialty Hospitals industry in the United States, which has grown at a CAGR of 4.8 % between 2020 and 2025.
How may import tariffs affect the Specialty Hospitals industry in the United States?
The Specialty Hospitals industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Specialty Hospitals industry in the United States?
The Specialty Hospitals industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Specialty Hospitals industry in the United States grown or declined over the past 5 years?
The market size of the Specialty Hospitals industry in the United States has been growing at a CAGR of 1.7 % between 2020 and 2025.
What is the forecast growth of the Specialty Hospitals industry in the United States over the next 5 years?
Over the next five years, the Specialty Hospitals industry in the United States is expected to grow.
What are the biggest companies in the Specialty Hospitals industry in the United States?
The biggest companies operating in the Specialty Hospitals industry in the United States are Memorial Sloan Kettering Cancer Center, Encompass Health Corporation and Select Medical Holdings Corp
What does the Specialty Hospitals industry in the United States include?
Cancer treatment and Long-term acute care are part of the Specialty Hospitals industry in the United States.
Which companies have the highest market share in the Specialty Hospitals industry in the United States?
The company holding the most market share in the Specialty Hospitals industry in the United States is Memorial Sloan Kettering Cancer Center.
How competitive is the Specialty Hospitals industry in the United States?
The level of competition is moderate and steady in the Specialty Hospitals industry in the United States.
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