As a primary provider of healthcare in the United States, revenue for the Hospitals industry is expected to grow in the five years to 2016. 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. Industry profitability has generally risen over the past five years due to increases in service prices. As the Patient Protection and Affordable Care Act continues to increase the number of insured Americans, demand for industry services will likely continue to increase. As a result, IBISWorld expects industry revenue to rise over the next five years.
This industry includes operators licensed as general medical and surgical hospitals that provide surgical and nonsurgical diagnostic and medical treatment to inpatients with medical conditions. Hospitals maintain inpatient beds and usually provide other services such as outpatient services, operating room services 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.