The past five years have been a period of steady growth for the Hospitals industry in Ohio. This growth has been driven by rising insurance enrollment in Ohio. Over the five years to 2018, the number of people with private health insurance in Ohio is expected to rise at an annualized rate of 0.9%, while federal funding for Medicare and Medicaid is expected to rise an annualized 4.5%. Meanwhile, Ohio’s elderly population has been on the rise, further increasing demand for healthcare services, because demand for healthcare is highest among adults aged 65 and older. Over the five years to 2018, the number of adults aged 65 and older in Ohio is expected to rise at an annualized rate of 2.4%...purchase to read more.

Industry Statistics & Market Size
Revenue
$44bn
Annual Growth 13-18
2.5%
Forecast Growth 18-23
Profit
Employment
255,190
Businesses
188

Industry Threats & Opportunities

  • The Ohio Hospitals industry is expected to undergo a period of consolidation
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the Hospitals in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hospitals in Ohio 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 Federal funding for Medicare and Medicaid and Number of people with private health insurance in Ohio in the Hospitals in Ohio industry impact industry performance..

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    What's in this report

    What is the Hospitals in Ohio 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
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance in Ohio
  • Number of adults aged 65 and older in Ohio
  • Per capita disposable income in Ohio

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hospitals in Ohio 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
  • Outpatient Care
  • Inpatient Care
  • Emergency Care
  • Chart: Hospitals in Ohio 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 Ohio 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 Ohio

  • Basis of Competition
    Barriers to Entry
    Cleveland Clinic, The Christ Hospital Health Network, University Hospitals, Ohio State University Wexner Medical Center, Premier Health Miami Valley Hospital,
  • Table: Cleveland Clinic - financial performance
  • Table: The Christ Hospital Health Network - financial performance
  • Table: University Hospitals - financial performance
  • Table: Ohio State University Wexner Medical Center - financial performance
  • Table: Premier Health Miami Valley Hospital - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hospitals in Ohio 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 Ohio 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 Ohio (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?

    The Hospitals in Ohio industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Hospitals in Ohio:
    • 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 Ohio 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 Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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