United States hospital market is
anticipated to project a robust growth in the forecast period, 2022-2026 with
an impressive CAGR on the account of rising number of consumers requiring
professional healthcare facilities. Moreover, the infrastructure development
due to the rising healthcare advancement along with the governmental aids to
support the better infrastructure and better facility for healthcare, the
market is anticipated to grow with the impressive CAGR. Also, the geriatric
population of the country is rising rapidly. The geriatric population is more
susceptible to chronic diseases and often requires medical attention for their
deteriorating health. Therefore, the rising geriatric population is actively
responsible for the surge in the demand of the hospitals in the upcoming five
years and thereby supporting the growth of the market. Furthermore, the concept
of large chains of hospitals is penetrating the market and is expected to
strengthen the growth of the market in the next five years.
In the recent historical years, the
country suffered due to pandemic and rapid construction of the hospital
infrastructure was conducted. The onset of pandemic sent the healthcare
industry on the override, although more temporary facilities were urgently developed,
but the factor has surely raised an alarming urgency of building hospitals at
country-sides and other healthcare requirements to be fulfilled to combat any
future outbreaks of virus or any other pandemic situation.
The United States hospital market is
segmented on the basis of ownership, type, type of service, bed capacity,
competitional landscapes, and regional distribution. Based on ownership, the
market is further divided between private and public hospitals. Private
funding, and privatization process of the hospitals is rapidly increasing in
the country. Therefore, public hospitals are anticipated to hold the larger
revenue shares of the market. The asserted dominance is expected to continue
for the next five years due to advantages like better patient care facilities
and personalized treatment. Public hospitals are also expected to hold
significant shares of the market due to increased governmental efforts to
strengthen the health care industry for the general population. Private
hospitals often provide expensive and unaffordable to poor population, health
care facility. Public hospitals are often run with the government funding and
are obligated to provide minimum or no-cost health services to the poor
population of the country. Although unavailability of the expensive and modern
technology medical devices is scarce in the public hospitals, the government is
planning on expanding the scopes for the public hospitals thereby supporting
the growth of the United States hospital market in the upcoming five years.
A partial list of market player in the
United States hospital market includes, HCA Healthcare, Inc., Ascension Health,
Tenet Healthcare Corporation, Community Health Systems Inc., Catholic Health
Initiatives, Hospital Corporation of America, LifePoint Health, Prime
Healthcare Services, Universal Health Services, Inc., National Surgical
Hospitals, Inc., among others. These market players hold larger shares of the
market than the new market players. With the advancement of the technology, it
is appropriate to say that the effective research and development of the
technologically advanced medical devices would support the market growth along
with the better healthcare services and benefit the market players as well as
the consumers. New market players may focus on the research and development to
provide better services that satisfies the consumer demand as well as benefits
the market players in building their brand value. Other competitive strategies may
include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2026
Objective of the Study:
analyze the historical growth of the
market size of United States hospital market from 2016 to 2019.
estimate and forecast the market size of United States hospital market from
2020 to 2026 and growth rate until 2026.
- To classify and
forecast United States hospital market based on ownership, type, type of services,
bed capacity, competitional landscape, and regional distribution.
- To identify dominant region or segment in the United States hospital
identify drivers and challenges for United States hospital market.
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in United States hospital market.
- To identify and analyze the profile
of leading players operating in United States hospital market.
- To identify key sustainable strategies adopted by market players in
United States hospital market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service providers across the country. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers
which could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service provider and presence of all major players across
TechSci Research calculated the market size of United States hospital market using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
- Hospitals & Clinics, end users, and other stakeholders
organizations and consulting companies
- Organizations, forums, and alliances related to hospital
- Regulating authorities and policy makers
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
In this report, United States hospital market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- United States Hospital
Market, By Ownership:
- United States Hospital Market, By Type:
o Multi- Specialty
- United States Hospital Market, By Type
o In-Patient Services
o Out-Patient Services
- United States Hospital Market, By Bed
- Up to 100 beds
- 100-500 beds
- Above 500 beds
- United States Hospital Market, By
- South West
- North East
analysis of the major companies present in United States hospital market.
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following customization
options are available for the report:
United States Hospital
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- Detailed analysis and profiling of
additional market players (up to five).