Healthcare and Social Assistance in the US - Industry Market Research Report

In good hands: Consolidation activity will ramp up as smaller providers join larger health groups

Demographic and economic factors are the driving forces behind rising healthcare spending. An aging population's expanding medical needs are increasing the demographic's consumption of medical services. At the same time, rising incomes and broader insurance coverage facilitate access to healthcare providers. Growing healthcare spending was abruptly disrupted by COVID-19, leading healthcare and social assistance to navigate unprecedented financial and operating pressures. Though pandemic concerns have been alleviated, the long-term effects of COVID-19 continue to shape every corner of the health sector. Revenue has expanded at a CAGR of 2.4% to $3.7 trillion over the past five years. A slowdown in total healthcare spending will decelerate, rising only 1.0% in 2023. The Healthcare and Social Assistance sector comprises establishments providing healthcare and social assistance for individuals. 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.