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Hospitals in the US - Industry Market Research Report

  • August 2017
  • 36 pages
  • Ibisworld
Report ID: 199149

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Vital sign: Revenue will continue to grow alongside the aging population and increasing number of people with health insurance

Abstract

Hospitals in the US

As a primary provider of healthcare in the United States, revenue for the Hospitals industry is expected to grow over the five years to 2017. 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. As the Patient Protection and Affordable Care Act (PPACA) continues to increase the number of insured Americans, demand for industry services will likely continue to increase and the number of uninsured patients that hospitals treat will drop. As a result, over the five years to 2022, industry revenue is expected to continue growing at a healthy rate. However, average industry profit is projected to remain relatively steady during the same period due to increased purchase and labor costs.


This industry includes operators licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients. Hospitals maintain inpatient beds and usually provide other services, including outpatient, operating room and pharmacy services. The industry excludes psychiatric and other specialty 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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