Hospitals Industry Profile

View Full Sample Add To Cart

Excerpt from Hospitals Industry Profile

Companies in this industry provide medical, diagnostic, and treatment services to people on an inpatient and outpatient basis at specialized medical, surgery, emergency, and other health care facilities. Major companies include Community Health Systems (CHS), HCA Healthcare, and Tenet Healthcare (all based in the US), as well as Apollo Hospitals (India), Fraser Health (Canada), and Ramsay Health Care (Australia).

The hospital services market is expected to surpass US$ 15.45 trillion by 2027 driven by the rise in prevalence of chronic diseases, aging population, rise in disposable income especially in the developing countries, and spike in the penetration of health insurance services, according to Precedence Research. Among countries by the Organization for Economic Cooperation and Development (OECD), Japan, United States, Mexico, South Korea, Germany, and France have the most hospitals.

Globally, a majority of hospitals are government owned. In the US, about 70% of US hospitals are nonprofits, affiliated with churches, charities, or local governments. The US industry is fragmented: the top 50 organizations generate about 30% of revenue.

COMPETITIVE LANDSCAPE

Hospitals are under extreme pressure to lower costs while improving quality of care. Government payers and insurers are nudging patients toward less-costly outpatient care, reducing the number of routine inpatient procedures conducted at hospitals. The trend is encouraged by advances in medical technologies that improve recovery times. As reimbursements shift toward pay-for-performance protocols and away from procedure-based payments, hospitals may be rewarded ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu
Add To Cart

Focus Profiles

Complement this Industry Profile by purchasing a Focus Profile. Hospitals has one Focus Profiles that can help you better understand this industry:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options