United States Hospital Market By Ownership (Public v/s Private) By Type (General, Specialty, Multi- Specialty) By Type of Services (In-Patient Services v/s Out-Patient Services) By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500 beds) By Region, Competition Forecast & Opportunities, 2027

United States hospital market is anticipated to project a robust growth in the forecast period, 2023-2027 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 pf 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.

Objective of the Study:

• To analyze the historical growth of the market size of United States hospital market from 2017 to 2020.
• To estimate and forecast the market size of United States hospital market from 2021 to 2027 and growth rate until 2027. 
• 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 market.
• To identify drivers and challenges for United States hospital market.
• To 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 the country.

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.

Key Target Audience:

• Hospitals & Clinics, end users, and other stakeholders
• Research 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.

Report Scope:

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:
• Public
• Private
• United States Hospital Market, By Type:

o   General

o   Specialty

o   Multi- Specialty

• United States Hospital Market, By Type of Services:

o   In-Patient Services

o   Out-Patient Services

• United States Hospital Market, By Bed Capacity:
• Up to 100 beds
• 100-500 beds
• Above 500 beds
• United States Hospital Market, By Region:
• South West
• Mid-West
• North East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States hospital market.

Available Customizations:

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:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

United States Hospital Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]