Children's Specialty Hospitals
Although children's specialty hospitals represent less than 5.0% of all hospitals in the United States, they are the backbone of the pediatric healthcare infrastructure. Due to the indispensable nature of services provided by these hospitals, demand for the Children's Specialty Hospitals industry has remained strong over the past five years. Furthermore, children's hospitals benefit from a unique mix of revenue sources. Unlike adults, the vast majority of children have some type of health insurance coverage, either through their parents' private, employer-sponsored plans, Medicaid or the Children's Health Insurance Program (CHIP). As a result, the number of uninsured children has fallen dramatically since 1987, further bolstering demand for and affordability of hospital services. Over the five years to 2022, demand for hospital services is expected to remain strong, driven by the rising prevalence of chronic conditions among school-aged children, such as asthma, obesity, diabetes and congenital anomalies. However, the industry could take a hit from a lapse in funding for CHIP.
This industry includes hospitals that provide diagnostic and medical treatment (surgical and nonsurgical) to inpatients who are typically aged 21 and younger. These hospitals treat a specific type of disease or medical condition (except psychiatric conditions or substance abuse), maintain inpatient beds and provide patients with food services and other services (e.g. outpatient services, X-ray services, laboratory services, operating room services and pharmacy services).
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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