Key Market Indicators
The number of hospital beds in the United States is projected to reach approximately 920,000 by 2028, up slightly from the current 919,670 beds in 2023. This represents a flat average growth rate. Historical data shows that since 1965, the supply of hospital beds in the country has decreased by 0.1% annually. In terms of revenue, American hospitals reported earnings of roughly $366 billion in the second quarter of 2023, up from $353 billion in the first quarter of the year. This marks a 15.9% increase compared to the same period last year. Since the fourth quarter of 2009, the American hospital market has grown at an annual rate of 5.4%. Additionally, hospital revenue for the second quarter of 2023 was reported at approximately $361 billion, rising from $355 billion in the first quarter. This reflects a 15.7% increase year-over-year. Since the end of 2009, the market has experienced a 5.3% annual growth rate.