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Hospitals in the US Industry Data and Analysis
Hospitals play a critical role in healthcare, providing specialized treatments and emergency services that are essential for public health, regardless of economic fluctuations or individuals' financial situations. Rising incomes have driven recent growth, expanded insurance access and strategic consolidation that strengthens market position. Consolidation has reduced the number of independent hospitals, allowing larger systems to leverage economies of scale, while smaller, independent hospitals continue to face wage inflation, staffing shortages and increased drug supply costs because of tariff impacts throughout the supply chain. Despite the cost challenges and competitive effects, federal stimulus, insurance expansion and hospital mergers, revenue is expected to climb at a CAGR of 1.7%, reaching $1.5 trillion by 2025, with a 1.6% gain in 2025 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the 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 Hospitals industry in the United States operates under the NAICS industry code 62211. The industry includes establishments licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients. Hospitals typically maintain inpatient beds and offer a range of services, including outpatient, operating room and pharmacy services. Related terms covered in the Hospitals industry in the United States include critical access hospital , teaching hospital, disproportionate share hospital, inpatient, outpatient, telemedicine, electronic health record (ehr), fee-for-service and value-based.
What's included in this industry?
Products and services covered in Hospitals industry in the United States include Inpatient care, Outpatient care and Other.
What companies are included in this industry?
Companies covered in the Hospitals industry in the United States include Hca Healthcare, Inc.
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 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 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 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 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 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 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 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 Hospitals industry in the United States.
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Frequently Asked Questions
What is the market size of the Hospitals industry in the United States in 2026?
The market size of the Hospitals industry in the United States is $1.5tr in 2026.
How many businesses are there in the Hospitals industry in the United States in 2025?
There are 2,525 businesses in the Hospitals industry in the United States, which has grown at a CAGR of 0.6 % between 2020 and 2025.
How may import tariffs affect the Hospitals industry in the United States?
The 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 Hospitals industry in the United States?
The 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 Hospitals industry in the United States grown or declined over the past 5 years?
The market size of the 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 Hospitals industry in the United States over the next 5 years?
Over the next five years, the Hospitals industry in the United States is expected to grow.
What are the biggest companies in the Hospitals industry in the United States?
The biggest company operating in the Hospitals industry in the United States is Hca Healthcare, Inc.
What does the Hospitals industry in the United States include?
Inpatient care and Outpatient care are part of the Hospitals industry in the United States.
Which companies have the highest market share in the Hospitals industry in the United States?
The company holding the most market share in the Hospitals industry in the United States is Hca Healthcare, Inc..
How competitive is the Hospitals industry in the United States?
The level of competition is moderate and steady in the Hospitals industry in the United States.
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