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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 | Aug 2016

Healthy prognosis: Extended insurance coverage and increased service prices will boost industry revenue

IBISWorld’s Hospitals market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$994bn
Annual Growth 11-16
3.5%
Annual Growth 16-21
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Profit
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Employment
5,464,073
Businesses
3,031
Industry Analysis & Industry Trends

As a primary provider of healthcare in the United States, revenue for the Hospitals industry is expected to grow in the five years to 2016. 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. Industry profitability has generally risen over the past five years due to increases in service prices... purchase to read more

Industry Report - Industry Locations Chapter

The location of hospitals in the United States is largely determined by the same factors that drive demand for hospitals in general. The number of hospitals in a particular region will be determined by the size of the regional population and the demographic features that inform its healthcare needs, such as the age of the population or its general level of health. Accordingly, regions with larger (and older) populations will generally have a larger share of the country's hospitals. The states that account for the most establishments, Texas (8.5%), California (7.5%) and Florida (4.6%) also account for the highest portions of the population, with 8.5%, 12.2% and 6.3%, respectively... 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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