Hospitals

The Hospitals market in the United States is expected to reach a projected revenue of US$1.50tn by 2024.
It is further anticipated that the market will experience an annual growth rate of 3.46% from 2024 to 2029, resulting in a market volume of US$1.78tn by the end of 2029.
When compared globally, United States is forecasted to generate the highest revenue in the Hospitals market, with US$1.50tn expected in 2024.
In terms of per capita figures, the revenue generated per person United States' Hospitals market is estimated to be US$4.39k in 2024.
The United States is witnessing a rising trend in the adoption of telemedicine services by hospitals, enabling remote patient consultations and reducing healthcare costs.

Definition:
Hospitals are licensed facilities that provide a variety of medical and surgical services, some of which are also provided by other facilities. A distinguishing characteristic of hospitals is “inpatient care,” which refers to services where patients are admitted to a hospital to stay overnight for closer monitoring.

This market includes general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to patients, ranging from diagnostics, medical and surgical treatments, nursing and specialized accommodation to other medical services. Depending on the specific legal regulations, the medical services provided by hospitals can vary greatly from country to country. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from this market.

Structure:
The Hospitals market is divided into three categories: Inpatient Care, Outpatient Care, and Other Hospital Services. Inpatient Care comprises all the medical and surgical services that are provided to patients who are admitted to a hospital for an overnight stay. Outpatient Care covers all medical and surgical services that are provided to patients without having to spend the night in a hospital. Other Hospital Services includes hospital services that are provided outside of a basic hospital setting, e.g., day-care, long-term care, and home-based care.

Additional information:
The shown KPIs include revenues, average revenue per capita, number of hospitals, density of hospitals, average revenue per hospital, number of hospital beds, density 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.

General hospitals, including community, county, and regional hospitals
Psychiatric hospitals
Specialist hospitals, such as maternity clinics and aesthetics clinics

Long-term care facilities
Ambulatory care providers, such as specialist practices and dental practices
Providers of ancillary medical services
Medical retailers and other providers of medical supplies

The healthcare industry in the United States is one of the largest in the world. It is constantly evolving with new technologies and innovations that change the way healthcare is delivered to patients. The Hospitals market in the United States is a key component of the healthcare industry and plays a vital role in providing quality care to patients.

Customer preferences: Patients in the United States have become more informed and proactive about their healthcare decisions. They are increasingly seeking out hospitals that provide high-quality care and have a good reputation. Patients are also looking for hospitals that offer a wide range of services and have state-of-the-art technology. In addition, there has been a growing demand for hospitals that are able to provide personalized care to patients.

Trends in the market: One of the major trends in the Hospitals market in the United States is the consolidation of hospitals. This trend is driven by a number of factors, including the need to reduce costs, improve quality of care, and increase efficiency. As a result, many hospitals are merging with other hospitals or forming partnerships with other healthcare providers.Another trend in the Hospitals market is the shift towards outpatient care. Hospitals are increasingly providing services that can be delivered on an outpatient basis, such as diagnostic tests, minor surgeries, and follow-up care. This trend is driven by the need to reduce hospital stays and lower healthcare costs.

Local special circumstances: The Hospitals market in the United States is highly competitive. Hospitals are competing not only on the quality of care they provide but also on the cost of care. In addition, hospitals are facing increasing pressure from insurance companies and government payers to reduce costs while maintaining quality of care.

Underlying macroeconomic factors: The United States is facing a number of macroeconomic factors that are impacting the Hospitals market. One of the biggest factors is the aging population. As the population ages, there is an increasing demand for healthcare services, including hospital care. Another factor is the increasing prevalence of chronic diseases, such as diabetes and heart disease, which require ongoing hospital care. Finally, the ongoing debate over healthcare reform is also impacting the Hospitals market, as hospitals are facing increasing pressure to reduce costs while maintaining quality 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 forecasting 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.