Urgent care: Demand has increased as Colorado's elderly population has grown

The five years to 2018 have constituted a strong period for the Hospitals industry in Colorado, as expanding access to health insurance and rising demand for healthcare have both driven revenue growth within the state. Demand for hospitals is largely based on people's ability to pay for healthcare services. Over the five years to 2018, the number of people with private health insurance in Colorado is expected to rise at an annualized rate of 1.9%, resulting in greater access to healthcare. Additionally, demand for healthcare has increased in Colorado as the state's elderly population has grown. The number of adults aged 65 and older in Colorado is expected to grow an annualized 4.6% over the five years to 2018.

Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 13-18
4.5%
Forecast Growth 18-23
Profit
Employment
83,328
Businesses
80

Industry Threats & Opportunities

  • As demand rises, the number of industry operators is also expected to increase

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    Industry Report - Industry Locations Chapter

    Establishments in the Hospitals industry in Colorado are mostly evenly distributed throughout the state. While population can drive demand for hospitals and other healthcare services, Hospitals are necessary for public health, so industry companies must also operate in less populated areas. As a result, while Central Colorado accounts for 70.7% of the population, only 41.0% of establishments operate in this region. Additionally, many of these establishments are concentrated in the Denver area. The Denver-Aurora-Lakewood metropolitan statistical area is expected to account for an estimated 25.6% of establishments. Meanwhile, low-populated regions like the Southwest (4.4% of the population) and Southeast (5.1%) are expected to account for 10.3% and 12.8% of establishments, respectively.

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    Additional Insights for the Hospitals in Colorado Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hospitals in Colorado Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance in Colorado and Federal funding for Medicare and Medicaid in the Hospitals in Colorado industry impact industry performance..

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    What's in this report

    What is the Hospitals in Colorado Industry?

    This industry includes operators licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients. Hospitals maintain inpatient beds and usually provide other services, including outpatient, operating room and pharmacy services. The industry excludes psychiatric and other specialty hospitals.

    Industry Products
  • Inpatient care
  • Outpatient care
  • Emergency care
  • Industry Activities
  • Inpatient care
  • Outpatient care
  • Anatomical pathology services
  • Diagnostic X-ray services
  • Clinical laboratory services
  • Operating room services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance in Colorado
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older in Colorado
  • Per capita disposable income in Colorado

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hospitals in Colorado Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Life Insurance & Annuities
  • Health & Medical Insurance
  • Health & Welfare Funds
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Diagnostic & Medical Laboratories
  • Food Service Contractors
  • Janitorial Services
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling
  • Primary Care Doctors
  • Psychologists, Social Workers & Marriage Counselors
  • Specialist Doctors
  • Waste Collection Services

  • Products & Services
  • Inpatient care
  • Emergency care
  • Outpatient care
  • Chart: Hospitals in Colorado Industry Products and Services Segmentation

  • Major Markets
  • Private insurance
  • Government insurance
  • Nonpatient care revenue
  • Other
  • Out-of-pocket payments
  • Chart: Major Market Segmentation for the Hospitals in Colorado Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Hospitals in Colorado

  • Basis of Competition
    Barriers to Entry
    University of Colorado Medical Center, Centura Health Corporation, SCL Health, Animas Surgical Hospital, HealthOne,
  • Table: University of Colorado Medical Center - financial performance
  • Table: Centura Health Corporation - financial performance
  • Table: SCL Health - financial performance
  • Table: Animas Surgical Hospital - financial performance
  • Table: HealthOne - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hospitals in Colorado Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hospitals in Colorado Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of people with private health insurance in Colorado (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Circulatory System
  • The system that moves blood throughout the body, including the heart, arteries, capillaries and veins.
  • Critical Access Hospital (Cah)
  • A small facility that gives limited outpatient and inpatient hospital services to people in rural areas. CAHs must meet Medicare requirements.
  • Disproportionate Share Hospital
  • Hospitals that treat a disproportionate number of uninsured patients; under Medicaid, these hospitals are entitled to federal compensation.
  • Electronic Health Record (Ehr)
  • The systematic collection and maintenance of electronic health information about an individual patient.
  • Inpatient
  • Admitted patients who stay overnight or longer.
  • Outpatient
  • A patient admitted to a hospital, clinic or associated facility for diagnosis or treatment and released the same day.
  • Teaching Hospital
  • Instruction for medical students combined with assistance to patients and often linked to a medical school.
  • Telemedicine
  • An application of clinical medicine whereby medical information is transferred through interactive audiovisual media for the purpose of consulting and remote medical procedures or examinations.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Hospitals in Colorado Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Hospitals in Colorado industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hospitals in Colorado:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hospitals in Colorado market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hospitals in Colorado, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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