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Hospitals in Texas - Industry Market Research Report

  • ID: 4578291
  • Report
  • March 2019
  • Region: United States
  • 20 pages
  • IBISWorld
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Emergency care: Industry demand has grown faster than the number of hospitals in Texas

Hospitals in Texas

Much like the national Hospitals industry, the Texas industry has grown steadily over the five years to 2019, as demand for healthcare services has risen. The Patient Protection and Affordable Care Act (PPACA), which was passed prior to the five-year period, has drastically boosted demand for healthcare over the past five years by expanding insurance coverage. However, while demand for hospital services has grown over the past five years, the number of hospitals in Texas has grown slowly. This slow growth is mainly because Texas has a concentrated Hospitals industry with several large, well-established healthcare networks. This concentration has made it slightly difficult for new hospitals to enter the Texas industry. Moving forward, the effects of the PPACA are expected to slow in Texas, since the number of people with private health insurance in Texas is projected to grow at a slower rate over the next five years. However, as this growth slows, disposable income in Texas is expected to rise faster, creating more demand from patients paying out of pocket. As a result, over the five years to 2024, industry revenue is expected to rise.

This 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.

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ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
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  • Houston Methodist Hospital
  • University of Texas Southwestern Medical Center
  • Baylor Scott and White Health
  • Memorial Hermann-Texas Medical Center
  • Medical City Dallas Hospital
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