Inpatient Care - North America | Statista Market Forecast

The Inpatient Care market in North America is anticipated to witness substantial growth in the coming years.
According to projections, the revenue for this market is expected to reach a staggering US$797.90bn by the year 2024.
Furthermore, it is estimated that the market will experience a steady annual growth rate of 2.68% from 2024 to 2029, resulting in a market volume of approximately US$910.80bn by the end of 2029.
When compared to other regions globally, United States is expected to generate the highest revenue in the Inpatient Care market.
In 2024 alone, United States is projected to generate a revenue of US$731.40bn, solidifying its position as the leading market player in the industry.
Inpatient care in North America has seen a rise in demand for specialized medical services and advanced technology.

Definition:
Inpatient Care refers to medical and surgical services provided to patients who are admitted for overnight stays at hospitals. This market covers a wide range of services, such as diagnostics, medical treatments, and surgical treatments. It also includes facilities, nursing care, and other services that are necessary for the patient's recovery and well-being during their hospital stay. However, inpatient long-term care (LTC) for people with LTC needs is not included. Hospital inpatient care is a crucial component of the healthcare industry and is essential for providing high-quality and comprehensive medical care to patients.

Structure:
Inpatient Care covers Neoplasm Treatments, Treatments of Cardiovascular Diseases, Treatments of Musculoskeletal Diseases, Gastroenterology, Midwifery, and Other Inpatient Care. Other Inpatient Care provides information on additional areas that are not covered by the previously mentioned markets.

Additional information:
Inpatient Care comprises revenues, average revenue per capita, number of hospitals, average revenue per hospital, number of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Inpatient nursing care
Medical goods for inpatient treatments
Inpatient surgical treatments

Day care
Long-term care
Outpatient care
Home-based care

The Inpatient Care market in North America has experienced significant growth in recent years.

Customer preferences: One of the main factors driving this growth is the increasing demand for healthcare services in the region. With an aging population and rising rates of chronic diseases, there is a growing need for inpatient care services. Additionally, patients are becoming more informed and demanding when it comes to their healthcare, leading to increased expectations for high-quality and personalized care.

Trends in the market: One trend that has emerged in the North American Inpatient Care market is the shift towards value-based care. This approach focuses on improving patient outcomes and reducing costs by incentivizing providers to deliver high-quality care. As a result, there has been a greater emphasis on preventative care and care coordination, as well as the use of technology to improve patient outcomes.Another trend in the market is the increasing use of telemedicine and remote monitoring. These technologies allow providers to deliver care to patients in their homes, reducing the need for hospitalization and improving patient outcomes. Additionally, they can help to reduce costs and increase access to care, particularly in rural areas.

Local special circumstances: In the United States, the Inpatient Care market is heavily influenced by the country's healthcare system. The majority of patients are covered by either private insurance or government-funded programs such as Medicare and Medicaid. As a result, providers must navigate complex reimbursement systems and regulatory frameworks, which can impact the delivery of care.Canada's Inpatient Care market is similarly influenced by the country's healthcare system, which is publicly funded and operated. This has led to a focus on cost containment and efficiency, as well as a greater emphasis on preventative care.

Underlying macroeconomic factors: Overall, the growth of the Inpatient Care market in North America is being driven by a combination of demographic and economic factors. With an aging population and rising rates of chronic diseases, there is a growing need for healthcare services. Additionally, the increasing prevalence of value-based care and the use of technology are helping to improve patient outcomes and reduce costs. However, providers must navigate complex regulatory frameworks and reimbursement systems, which can impact the delivery of care.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.