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Specialty Hospitals in the US - Industry Market Research Report

  • October 2016
  • -
  • Ibisworld
  • -
  • 41 pages

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Take care: Seniors in need of long-term care will boost demand, but profit will likely fall



Abstract

Specialty Hospitals in the US

In contrast to traditional healthcare facilities, operators in the Specialty Hospitals industry provide specialized care to patients in both large-scale, well-known establishments and small, local clinics. This labor-intensive industry has consolidated in recent years as large operators have acquired smaller companies to gain market share and to attract relatively lucrative, privately insured patients, in particular. Meanwhile, wages have increased during the same period, as consolidation has increased demand for skilled labor. In the five years to 2021, the aging population and continued increase in the number of insured individuals as a result of healthcare reform will likely drive revenue growth, although low Medicare reimbursement rates and competition from home healthcare will keep growth moderate.

This industry includes companies that provide diagnostic and medical treatment to inpatients with a specific type of disease or medical condition. Specialty hospitals include hospitals that primarily provide long-term care for the chronically ill and those that offer rehabilitation and restorative and adjunctive services to physically challenged or disabled people. The industry does not include specialty units within general hospitals or psychiatric or substance abuse hospitals.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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