Based on the provided data, the number of hospitals in the US in 2023 stood at 6.1 thousand establishments. Observing the period from 2013 to 2023, the hospital count experienced fluctuations. Initially, there was a decline from 2013 to 2016. Then, a noticeable spike occurred in 2017, followed by a general downward trend but with minimal fluctuations, leading to a slightly stable phase from 2019 to 2023.
Year-on-year variations have shown both significant increases and declines. The most notable jump was in 2017, with a 12.22% increase. However, recent years reflect a minimal reduction with -0.23% in both 2022 and 2023. The CAGR from the last five years (2018-2023) averaged at -0.15%, showing a slight decline.
The forecasted values for 2024 to 2028 indicate a gradual decline in the number of hospitals, with a projected 5-year CAGR of -0.16%. The forecasted 5-year growth rate is -0.79%, suggesting a continued trend in the slight decrease of hospital numbers.
Future trends to watch for:
- Impact of telehealth and digital healthcare solutions on the need for physical hospitals.
- Policy changes and healthcare reforms that may affect hospital funding and operations.
- Potential mergers and acquisitions in the healthcare industry, possibly reducing the number of independent establishments.
