U.S. Hospital Facilities Market

U.S. Hospital Facilities Market by Facility Types (Public/Community Hospitals, State-owned & Federal Hospitals, and Private Hospitals), Patient Service (Outpatient Services and Inpatient Services), Service Types (Obstetrics & Gynecology, Acute Care, Pathology Lab, Diagnostics, & Imaging, Cardiovascular, Neurorehabilitation & Psychiatry Services, and Cancer Care) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-4169
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 212
  • Format:
  • Pub. Date: Upcoming
  • Share:

The U.S. hospital facilities market was valued at USD 1318.5 billion in 2020. The market is projected to expand at a CAGR of 7.60% during the forecast period, 2021 – 2028. The growth of the market is attributed to growing desire for better patient care and the introduction of revolutionary healthcare technology.

U.S. Hospital Facilities Market summary

According to the centers for disease control and prevention (CDC), six out of ten adults in the United States have a chronic disease, such as cancer, stroke, heart disease, diabetes, and others, with four out of ten adults having more than two chronic diseases. In the United States, these and other noncommunicable chronic illnesses are the leading causes of disability and mortality. They are also a major driver of health-care expenses, and they are estimated to continue to do so during the forecast period. The Covid-19 pandemic affected the hospital facilities market. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

In the United States, the demand-supply imbalance in healthcare is quickly widening. Because there are a finite amount of healthcare professionals and facilities to meet the existing demand, the need for healthcare facilities in the United States continues to rise. The number of surgical procedures performed in the United States has increased dramatically in recent years. According to research published by the national center for biotechnology information, the country performs between 40-50 million surgical procedures each year.

Furthermore, the national center for health statistics reports that nearly 31.5 million outpatient surgeries were conducted in the United States, along with 40 million inpatient surgical procedures. Cardiovascular system, digestive system, ophthalmology, and musculoskeletal system were among the procedures that were most commonly performed.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing average life expectancy has resulted in a significant geriatric population in the country, necessitating specialized medical care and putting a pressure on the healthcare system.
  • Rapid growth of medical industry is the major factor driving the market.
  • High cost of the service is projected to hinder the market growth during the forecast period.
  • R&D investments and technological advancements in hospital sector is anticipated to create lucrative opportunities for the market players.

Scope of the Report

The report on the U.S. hospital facilities market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Hospital Facilities Market - U.S. Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Facility Types (Public/Community Hospitals, State-owned & Federal Hospitals, and Private Hospitals), Patient Services (Outpatient Services and Inpatient Services), Service Types (Obstetrics & Gynecology, Acute Care, Pathology Lab, Diagnostics, & Imaging, Cardiovascular, Neurorehabilitation & Psychiatry Services, and Cancer Care)

Country Scope

United States

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Northwestern Memorial Hospital; The Johns Hopkins Hospital; Ronald Regan UCLA Medical Center; Mayo Clinic; Brigham And Women's Hospital; Cleveland Clinic; New York-Presbyterian Hospital; Cedars Sinai; UCSF Health; and Massachusetts General Hospital

Market Segment Insights

The public/community hospitals segment held major market share in 2020

Based on facility types, the market is segregated into public/community hospitals, state-owned & federal hospitals, and private hospitals. The public/community hospitals segment held major market share of around 52.1% in 2020. Community hospitals have the most patient beds and provide a wide range of care/medical issues through their various services. They are non-profit public service organizations backed by crowd-funded societies, businesses, and philanthropic organizations. Patients who require acute care, such as infection control and accident/trauma cases, are the primary focus of state-owned hospitals. Federal hospitals are important in delivering health care to people who have limited access to high-quality care. The segment is likely to be driven by increased access to public healthcare.

The outpatient service segment accounted for the market share of around 50.4% in 2020.

In terms of patient services, the market is bifurcated into outpatient services and inpatient services. The outpatient service segment accounted for the market share of around 50.4% in 2020. Shorter patient stays have resulted from the development of new technology such as diagnostic methods, telemedicine, and telemonitoring, which allow physicians to deliver treatment remotely, reducing overhead expenses and patient fees. Furthermore, patients are increasingly opting for outpatient or daycare operations. Daycare surgeries have flourished owing to minimally invasive operations. This is estimated to drive the segment.

The inpatient services segment is projected to grow at a rapid pace during the forecast period owing to increased frequency of hospitalizations and high cost of inpatient treatment. The inpatient service segment growth is expected to be moderate during the forecast period. Hospitals rely heavily on inpatient care to generate money. Patients' healing times are being minimized due to new treatments, such as improved diagnostics and interventional surgeries.

The cardiovascular segment is projected to grow at a rapid pace during the forecast period

On the basis of service types, the market is fragmented into obstetrics & gynecology, acute care, pathology lab, diagnostics, & imaging, cardiovascular, neurorehabilitation & psychiatry services, and cancer care. The cardiovascular segment held major market share in 2020 and is estimated to maintain its dominance during the forecast period. In the United States, the increased acceptance of a sedentary lifestyle is contributing to an increase in the incidence of obesity, raising the risk of heart disease. As a result, the growth of segment is estimated to rising number of people suffering from CVDs. The cancer segment is projected to hold major market share during the forecast period. After cardiovascular disease, cancer is the second largest cause of mortality in the United States. Rising cost of cancer treatment, expanding number of specialized oncology departments and physicians, and supportive reimbursement system are the factors projected to drive the segment. The acute care segment is expected to expand at a high CAGR during the forecast period owing to increased prevalence of acute infections and increasing demand for primary care services.

Segments

The global U.S. hospital facilities market has been segmented on the basis of
Facility Types

  • Public/Community Hospitals
  • State-owned & Federal Hospitals
  • Private Hospitals

Patient Services

  • Outpatient Services
  • Inpatient Services

Service Types

  • Obstetrics & Gynecology
  • Acute Care
  • Pathology Lab, Diagnostics, & Imaging
  • Cardiovascular
  • Neurorehabilitation & Psychiatry Services
  • Cancer Care

Key Players

  • Northwestern Memorial Hospital
  • The Johns Hopkins Hospital
  • Ronald Regan UCLA Medical Center
  • Mayo Clinic
  • Brigham And Women's Hospital
  • Cleveland Clinic
  • New York-Presbyterian Hospital
  • Cedars Sinai
  • UCSF Health
  • Massachusetts General Hospital

Competitive Landscape

Key players competing in the U.S. hospital facilities market include Northwestern Memorial Hospital; The Johns Hopkins Hospital; Ronald Regan UCLA Medical Center; Mayo Clinic; Brigham And Women's Hospital; Cleveland Clinic; New York-Presbyterian Hospital; Cedars Sinai; UCSF Health; and Massachusetts General Hospital. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

U.S. Hospital Facilities Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hospital Facilities Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Hospital Facilities Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Hospital Facilities Market - Supply Chain
  4.5. Global Hospital Facilities Market Forecast
     4.5.1. Hospital Facilities Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Hospital Facilities Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Hospital Facilities Market Absolute $ Opportunity
5. Global Hospital Facilities Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Hospital Facilities Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Hospital Facilities Demand Share Forecast, 2019-2026
6. North America Hospital Facilities Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Hospital Facilities Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Hospital Facilities Demand Share Forecast, 2019-2026
7. Latin America Hospital Facilities Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Hospital Facilities Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Hospital Facilities Demand Share Forecast, 2019-2026
8. Europe Hospital Facilities Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Hospital Facilities Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Hospital Facilities Demand Share Forecast, 2019-2026
9. Asia Pacific Hospital Facilities Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Hospital Facilities Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Hospital Facilities Demand Share Forecast, 2019-2026
10. Middle East & Africa Hospital Facilities Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Hospital Facilities Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Hospital Facilities Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Hospital Facilities Market: Market Share Analysis
  11.2. Hospital Facilities Distributors and Customers
  11.3. Hospital Facilities Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Northwestern Memorial Hospital
     11.4.2. The Johns Hopkins Hospital
     11.4.3. Ronald Regan UCLA Medical Center
     11.4.4. Mayo Clinic
     11.4.5. Brigham And Women's Hospital
     11.4.6. Cleveland Clinic
     11.4.7. New York-Presbyterian Hospital
     11.4.8.

The global U.S. hospital facilities market has been segmented on the basis of
Facility Types

  • Public/Community Hospitals
  • State-owned & Federal Hospitals
  • Private Hospitals

Patient Services

  • Outpatient Services
  • Inpatient Services

Service Types

  • Obstetrics & Gynecology
  • Acute Care
  • Pathology Lab, Diagnostics, & Imaging
  • Cardiovascular
  • Neurorehabilitation & Psychiatry Services
  • Cancer Care

Key Players

  • Northwestern Memorial Hospital
  • The Johns Hopkins Hospital
  • Ronald Regan UCLA Medical Center
  • Mayo Clinic
  • Brigham And Women's Hospital
  • Cleveland Clinic
  • New York-Presbyterian Hospital
  • Cedars Sinai
  • UCSF Health
  • Massachusetts General Hospital

Key players competing in the U.S. hospital facilities market include Northwestern Memorial Hospital; The Johns Hopkins Hospital; Ronald Regan UCLA Medical Center; Mayo Clinic; Brigham And Women's Hospital; Cleveland Clinic; New York-Presbyterian Hospital; Cedars Sinai; UCSF Health; and Massachusetts General Hospital. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

U.S. Hospital Facilities Market keyplayers

Buy Report