Specialty Hospitals in the US
In contrast to traditional healthcare facilities, operators in the Specialty Hospitals industry provide specialized care to patients in both large-scale, well-known establishments and small, local clinics. Over the five years to 2018, revenue for this industry has increased in line with an aging population and rising heathcare coverage. This labor-intensive industry has consolidated in recent years as large operators have acquired smaller companies to gain market share and to attract relatively lucrative, privately-insured patients, in particular. Meanwhile, wages have increased during the same period, as consolidation has increased demand for skilled labor. Over the five years to 2023, the aging population and continued increase in the number of insured individuals as a result of healthcare reform will likely drive revenue growth, although low Medicare reimbursement rates and competition from home healthcare will likely temper growth.
This industry includes companies that provide diagnostic and medical treatment to inpatients with a specific type of disease or medical condition. Specialty hospitals include hospitals that primarily provide long-term care for the chronically ill and those that offer rehabilitation, restorative and adjunctive services to physically challenged or disabled people. The industry does not include specialty units within general hospitals or psychiatric or substance-abuse 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook