Hospitals in Illinois - Industry Market Research Report

Stable condition: Expansion in incomes, healthcare funding and the elderly population will drive revenue

Hospitals in Illinois

The Hospitals industry in Illinois is similar to the national Hospitals industry. Most of the trends that have driven growth for the national Hospitals industry have also driven growth within the state, including increased access to health insurance. When people have health insurance they are more likely to visit hospitals, as they are better able to afford healthcare services. Like the national industry, the Hospitals industry in Illinois is also undergoing a period of consolidation; hospitals have formed networks to reduce costs and increase negotiating power. Though the industry is still highly fragmented, networks have grown their market share during the five-year period. While the number of enterprises is expected to grow over the next five years, consolidation is expected to continue. Despite the growth in access to healthcare slowing over the five years to 2022, industry revenue is expected to continue rising. This growth will likely be driven by a significant increase in per capita disposable income in Illinois.

This industry includes operators in Illinois 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.