Hospitals in the US - Industry Market Research Report

Feeling better: An aging population will sustain inpatient volumes, keeping the industry afloat

Hospitals have a central role in healthcare delivery in the United States. As the frontline for specialized and emergency care, hospitals have patient streams regardless of economic conditions, but rising incomes and broader insurance coverage facilitate access to elective care. Since the onset of the COVID-19 pandemic in 2020, hospitals have coped with persistent and unprecedented challenges to their resources, finances and workforce. Federal policies and billions of funding directed to hospitals alleviated the initial financial impact of revenue loss stemming from delays in elective care and drops in ER visits. Still, the pandemic took a major toll on supply chains and employees. COVID-19 funding sustained profit margins between 2020 to 2021, but over half of hospitals slipped into the red as funding fizzled out in 2022. Intense financial pressures facing hospitals will escalate in 2023, as higher costs. Revenue has expanded at a CAGR of 2.6% to $1.4 trillion over the past five years. A slowdown in total healthcare spending will decelerate growth to 0.3% in 2023.

The Hospital 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.