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Hospitals represent the main healthcare expenditure in most countries and employ many healthcare professionals. They are undoubtedly the cornerstones of any health system. Yet, despite their importance, hospitals currently face unprecedented challenges.
The COVID-19 pandemic shined a spotlight on hospitals. Despite earlier warnings, hospitals worldwide were unprepared. The importance of intensive care bed density and the lack of supplies required to handle such a pandemic became apparent. Many countries also faced medical staff shortages, with employee exposure to the coronavirus and economic layoffs playing a big part in the problem. However, hospitals and healthcare professionals face more longstanding challenges. Indeed, they have to adapt to the changing healthcare landscape. Technological enablement, digitization, and automation profoundly affect the healthcare industry. As a result, hospitals need to get smarter to keep up with this global digital transformation.
Revenue generated by hospitals in the U.S. from 2017 to 2029 (in billion U.S. Dollars)
Further details: Visit original statistic Revenue generated by hospitals in the U.S. from 2017 to 2029 (in billion U.S. Dollars)
The hospitals market in the U.S. is expected to reach a projected revenue of 1.5 trillion U.S. dollars by 2024 and forecasted to grow to 1.78 trillion by the end of 2029. Globally, the hospitals market in the U.S. generated the highest revenue and is estimated to account for 35% of global hospital market volume in 2024.
Hospitals: market data & analysisTotal number of not-for-profit and for-profit privately owned hospitals in select countries worldwide in 2021
Further details: Visit original statistic Total number of not-for-profit and for-profit privately owned hospitals in select countries worldwide in 2021
Hospitals function either on public or private ownership. Public hospitals are primarily financed by the government, while private hospitals can be either profit-driven or non-profit. In 2021, the U.S. had around 1,397 publicly owned hospitals and 4,732 privately owned hospitals. The share of public and private hospitals varies from one country to another, depending on their health system, government, and income levels.
Americans without health insuranceNumber of coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of May 2, 2023
Further details: Visit original statistic Number of coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of May 2, 2023
Despite earlier warnings from organizations, hospitals were unprepared for an emergency such as the COVID-19 pandemic. Countries implemented lockdowns to avoid hospital bed overcapacity, staff shortages, and a lack of supplies and vital medical equipment. The different preparation levels of countries prompted a global discussion. Ultimately, hospital functioning is under increased scrutiny and is bound to evolve to better respond to future scenarios.
COVID-19Top 10 largest healthcare systems in the United States as of 2024, by number of hospitals
Further details: Visit original statistic Top 10 largest healthcare systems in the United States as of 2024, by number of hospitals
In the U.S. hospitals sometimes are involved in an ownership, lease, sponsorship, or contract-management relationship with a central organization. Currently, according to the American Hospital Association, 67% of U.S. hospitals are system-affiliated within 417 health care systems in the U.S. The largest of these health systems is the Hospital Corporation of America, based in Nashville, Tennessee with 184 hospitals.
Global health care systems comparisonHospitals and health professionals are the backbones of any health system. This category provides key data on hospital structures and the professionals who help run them. Hospital infrastructures are bound to evolve as countries face aging populations, rises in the prevalence of chronic diseases, increases in disposable income, and growth in penetration of health insurance.
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