Hospitals in Canada
The Hospitals industry in Canada has exhibited slow, albeit relatively stable, growth over the past five years. Hospitals have significantly relied on public sector funding, namely territorial and provincial funding, to generate revenue. As a result, hospitals have had to secure public sector funding via global budget systems that allocate a fixed amount of federal funding to pay for all hospital services. This funding model, while offering some advantages, has been cutting into industry profitability because it is typically based on historical spending levels and inflation, rather than the type and volume of services administered. Over the five years to 2022, industry revenue is forecast to grow thanks to a growing elderly population and increased rates of obesity.
This industry includes general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients with medical conditions. Hospitals in this industry maintain beds and usually provide other medical treatment such as outpatient services and pharmacy services. This 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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