U.S. Hospital Facilities Market Size, Share & Trends Analysis Report By Patient Services, By Facility Type (Private Hospitals, State Owned & Federal Hospitals, Public/Community Hospitals), By Bed Size, By Service Type, By Region- Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The U.S. hospital facilities market size was exhibited at USD 1,420.61 billion in 2022 and is projected to hit around USD 2,963.52 billion by 2032, growing at a CAGR of 7.63% during the forecast period 2023 to 2032.

Key Pointers:

  • The market is segmented into outpatient services and inpatient services. The outpatient services segment dominated the market with a share of 52.1% in 2022.
  • The cardiovascular segment dominated the market accounting for a share of 21.9% in 2022. 
  • The acute care segment is expected to witness the fastest CAGR from 2023 to 2032
  • The public/community hospitals segment dominated the market with a share of 53.9% in 2022.

U.S. Hospital Facilities Market Report Scope

Report Coverage

Details

Market Size in 2023

USD 1,529.00 Billion

Market Size by 2032

USD 2,963.52  Billion

Growth Rate from 2023 to 2032

CAGR of 7.63%

Base year

2022

Forecast period

2023 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Patient service, facility type, service type, bed size

Key companies profiled

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

According to the American Hospital Association (AHA), there were more than 37.2 million patients admitted to U.S. hospitals, in 2022. Hospital services include a broad range of medical offerings, ranging from essential health care to training & research for major medical school centers to services developed by an industry-owned network of institutions, such as Health Maintenance Organizations (HMOs). According to the CDC, in 2018, around 135 million people visited emergency departments, out of which, 13.9% of the visits resulted in hospital admission.

Hospitals provide treatment for a variety of indications, including neurology, cardiology, infectious disorders, gastrointestinal diseases, and psychiatric disorders. The rising prevalence of these illnesses is contributing to the high frequency of visits. Moreover, as the elderly population frequently requires emergency care, the growing geriatric population in the U.S. is contributing to a rise in the number of medical visits, thereby driving the market growth. The COVID-19 pandemic adversely impacted the U.S. healthcare system. Healthcare facilities across the U.S. were facing both financial and organizational difficulties. One of the major steps taken by the hospitals at the start of the pandemic was to delay the elective procedures that culminated in the hospital’s monumental monetary losses.

According to the AHA, COVID-19 Financial Impact Report Estimates, due to canceled services during the pandemic, non-federal hospitals lost around USD 161.4 billion in income during the four-month period from March 2020 to June 2020. Furthermore, for COVID-19 hospitalizations, between March 2020 and June 2020, the country’s hospitals and health systems collectively lost around USD 37.6 billion, including payments for COVID-19 patients. The aforementioned factors negatively impacted the market. The cardiovascular service type segment dominated the market in 2021 due to changing & sedentary lifestyles and the increased geriatric & obese population.

According to HCUP, heart failure is the second leading cause of hospital admission, with around 5.1% of the total inpatient stays in 2018. The acute care segment is anticipated to register the fastest CAGR from 2023 to 2032. A high number of inpatient admissions during flu season in the U.S. is likely to fuel the segment growth. For instance, according to HCUP, nearly 1.5 million influenza-related inpatient stays were recorded during flu season in 2016. As per the CDC, during the 2019 flu season, there were a total of 16.1 million medical visits. Mergers, acquisitions, and partnerships are some of the key strategies undertaken by market players. For instance, in February 2021, Northwestern Medicine Kishwaukee Hospital partnered with Lurie Children’s for the Pediatric Emergency Medicine telemedicine program.

Patient Service Insights

In terms of patient services, the market is segmented into outpatient services and inpatient services. The outpatient services segment dominated the market with a share of 52.1% in 2022. The development of new technologies, such as telemedicine, telemonitoring, and diagnostic techniques has led to shorter patient stays as physicians can provide treatment remotely, which, in turn, reduces overhead costs and patient fees. Furthermore, there is a gradual shift to outpatient or daycare surgeries among patients. Minimally invasive surgeries have made it possible for daycare surgeries to flourish. This is expected to boost the outpatient service segment growth.

The inpatient services segment is expected to grow owing to the rising number of hospitalizations and high cost of care for inpatients. According to Healthcare Cost and Utilization Project (HCUP), in 2018, septicemia, heart failure, osteoarthritis, pneumonia, and diabetes with complications were the top five reasons for inpatient stays in the U.S. The inpatient services segment is projected to have moderate growth during the forecast period. Inpatient services are the primary source of revenue for hospitals. However, due to the introduction of novel techniques, such as better diagnostics and interventional surgeries, the recovery time for patients is being reduced. Thus, the average time for an inpatient is reduced, which, in turn, is expected to decrease the share of the inpatient services segment in the near future.

Service Type Insights

Based on service type, the market is segmented into acute care, cardiovascular, cancer care, neurorehabilitation & psychiatry services, pathology lab, diagnostic, and imaging, obstetrics & gynecology, and others. The cardiovascular segment dominated the market accounting for a share of 21.9% in 2022. The segment is expected to dominate the market over the forecast period. The growing adoption of a sedentary lifestyle is leading to a rise in the incidence of obesity in the U.S., thereby, increasing the risk of heart diseases. Thus, an increasing number of patients suffering from CVDs is expected to propel the segment growth. The cancer care segment is expected to account for a significant market share over the forecast period. Cancer is the second leading cause of death in the U.S. after CVD.

According to HCUP, there were about 2.8 million cancer-related hospitalizations in 2017. Out of these, around 1.0 million hospitalizations had cancer as a principal diagnosis and 1.7 million had cancer as a secondary diagnosis. The increasing cost of cancer treatment, rising number of specialized oncology departments & oncologists, and supportive reimbursement framework are among key factors expected to propel the segment growth. The acute care segment is expected to witness the fastest CAGR from 2023 to 2032 owing to the demand for primary care services and the rising prevalence of acute infections. For instance, according to the CDC, a total of 523,000 emergency visits for infectious and parasitic diseases resulted in admissions in 2018.

Facility Type Insights

On the basis of facility type, the market is further divided into public/community hospitals, state-owned & federal hospitals, and private hospitals. The public/community hospitals segment dominated the market with a share of 53.9% in 2022. Community hospitals hold the highest number of patient beds and offer a wide variety of care areas/medical issues through their different services. They are non-profit organizations meant for public services and are supported by various philanthropic groups, businesses, and crowd-funded societies. The state-owned & federal hospitals segment held the second-largest share of the market.

State-owned hospitals primarily aim to target patients who require acute care, including infection control and accident/trauma cases. Federal hospitals play an essential role in providing health services to patients having limited access to quality care. According to AHA, in 2022, there were 208 federal hospitals in the U.S. Increasing access to public healthcare is expected to drive the segment. On the other hand, the private hospitals segment is anticipated to witness lucrative growth over the forecast period. Private hospitals have gradually advanced their technology to better serve patients in need of critical care, such as cancer patients. The growing number of private hospitals and consolidation of healthcare facilities are expected to bolster the growth of the segment.

Some of the prominent players in the U.S. Hospital Facilities Market include:

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

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the U.S. Hospital Facilities market.

By Patient Service 

  • Inpatient Services
  • Outpatient Services

By Facility Type 

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

By Service Type 

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

By Bed Size 

  • 0-99
  • 100-199
  • 200-299
  • 300-more

By Region 

  • Northeast
  • Southeast
  • Southwest
  • Midwest
  • West

Chapter 1. Methodology and Scope
                    1.1 Market Segmentation & Scope
                        1.1.1 Estimates And Forecast Timeline
                    1.2 Research Methodology
                    1.3 Information Procurement
                        1.3.1 Purchased Database
                        1.3.2 Nova one advisor’s Internal Database
                        1.3.3 Secondary Sources
                        1.3.4 Primary Research
                    1.4 Information or Data Analysis
                    1.5 Market Formulation & Validation
                    1.6 Model Details
                        1.6.1 Commodity Flow Analysis
                    1.7 List of Secondary Sources
                    1.8 List of Abbreviations
                    1.9 Objectives
                        1.9.1 Objective - 1
                        1.9.2 Objective - 2
                        1.9.3 Objective - 3
Chapter 2. Executive Summary
                    2.1 Market Outlook
                    2.2 Segment Outlook
                        2.2.1 Patient Service
                        2.2.2 Facility Type
                        2.2.3 Service Type
                    2.3 Competitive Insights
Chapter 3. Market Variables, Trends & Scope
                    3.1 Market Lineage Outlook
                        3.1.1 Parent Market Outlook
                        3.1.2 Related/Ancillary Market Outlook
                    3.2 Market Dynamics
                        3.2.1 Market Driver Analysis
                            3.2.1.1 Increasing number of surgical procedures
                            3.2.1.2 High number of hospital visits
                            3.2.1.3 Increasing prevalence of lifestyle diseases
                        3.2.2 Market Restraint Analysis
                            3.2.2.1 Concerns regarding hospital-acquired infections
                            3.2.2.2 High cost of innovative technology & medical equipment upgradation
                        3.2.3 Industry Challenges
                        3.2.4 Industry Opportunities
                    3.3 Penetration & Growth Prospect Mapping
                    3.4 Business Environment Analysis Tools
                        3.4.1 PESTEL Analysis
                            3.4.1.1 Political & legal landscape
                            3.4.1.2 Economic and social landscape
                            3.4.1.3 Technology landscape
                        3.4.2 Porter’s Five Forces Analysis
                            3.4.2.1 Competitive rivalry: High
                            3.4.2.2 Threat of new entrants: Low
                            3.4.2.3 Bargaining power of buyers: Moderate
                            3.4.2.4 Bargaining power of suppliers: Moderate
                            3.4.2.5 Threat of substitutes: High
                    3.5 Regulatory Framework & Reimbursement Scenario
                        3.5.1 Regulatory Framework
                        3.5.2 Reimbursement Scenario
                    3.6 Impact of COVID-19: Qualitative Analysis
Chapter 4. U.S. Hospital Facilities Market: Patient Service Analysis
                    4.1 U.S. Hospital Facilities Market Share Analysis, 2023 & 2032
                    4.2 Segment Dashboard
                    4.3 Market Size & Forecasts and Trend Analysis, 2018 to 2032 for Patient Service
                        4.3.1 Inpatient Services
                            4.3.1.1 Inpatient services market, 2018 - 2032
                        4.3.2 Outpatient Services
                            4.3.2.1 Outpatient services market, 2018 - 2032
Chapter 5. U.S. Hospital Facilities Market: Facility Type Analysis
                    5.1 U.S. Hospital Facilities Market Share Analysis, 2023 & 2032
                    5.2 Segment Dashboard
                    5.3 Market Size & Forecasts and Trend Analysis, 2018 to 2032 for Facility Type
                        5.3.1 Public/Community Hospitals
                            5.3.1.1 Public/community hospitals market, 2018 - 2032
                        5.3.2 State Owned & Federal Hospitals
                            5.3.2.1 State owned & federal hospitals market, 2018 - 2032
                        5.3.3 Private Hospitals
                            5.3.3.1 Private hospitals market, 2018 - 2032
Chapter 6. U.S. Hospital Facilities Market : Service Type Analysis
                    6.1 U.S. Hospital Facilities Market Share Analysis, 2023 & 2032
                    6.2 Segment Dashboard
                    6.3 Market Size & Forecasts and Trend Analysis, 2018 to 2032 for Service Type
                        6.3.1 Acute Care
                            6.3.1.1 Acute care market, 2018 - 2032
                        6.3.2 Cardiovascular
                            6.3.2.1 Cardiovascular market, 2018 - 2032
                        6.3.3 Cancer Care
                            6.3.3.1 Cancer care market, 2018 - 2032
                        6.3.4 Neurorehabilitation & Psychiatry Services
                            6.3.4.1 Neurorehabilitation & psychiatry services market, 2018 - 2032
                        6.3.5 Pathology Lab, Diagnostics, And Imaging
                            6.3.5.1 Pathology lab, diagnostics, and imaging market, 2018 - 2032
                        6.3.6 Obstetrics & Gynecology
                            6.3.6.1 Obstetrics & gynecology market, 2018 - 2032
                        6.3.7 Others
                            6.3.7.1 Others market, 2018 - 2032
Chapter 7. Competitive Analysis
                    7.1 Recent Developments & Impact Analysis, by Key Market Participants
                    7.2 Competition Categorization (Key innovators, market leaders, emerging players)
                    7.3 Company Market Position Analysis
                    7.4 Synergy Analysis: Major Deals & Strategic Alliances
                    7.5 List of Few Hospital Facilities
                    7.6 Company Profiles
                        7.6.1 The Johns Hopkins Hospital
                            7.6.1.1 Company overview
                            7.6.1.2 Financial performance
                            7.6.1.3 Service benchmarking
                        7.6.2 Mayo Clinic
                            7.6.2.1 Company overview
                            7.6.2.2 Financial performance
                            7.6.2.3 Service benchmarking
                        7.6.3 Cleveland Clinic
                            7.6.3.1 Company overview
                            7.6.3.2 Financial performance
                            7.6.3.3 Service benchmarking
                            7.6.3.4 Strategic initiatives
                        7.6.4 Cedars Sinai
                            7.6.4.1 Company overview
                            7.6.4.2 Financial performance
                            7.6.4.3 Service benchmarking
                            7.6.4.4 Strategic initiatives
                        7.6.5 Massachusetts General Hospital
                            7.6.5.1 Company overview
                            7.6.5.2 Financial performance
                            7.6.5.3 Service benchmarking
                        7.6.6 UCSF HEALTH
                            7.6.6.1 Company overview
                            7.6.6.2 Financial performance
                            7.6.6.3 Service benchmarking
                            7.6.6.4 Strategic initiatives
                        7.6.7 NewYork-Presbyterian Hospital
                            7.6.7.1 Company overview
                            7.6.7.2 Service benchmarking
                            7.6.7.3 Strategic initiatives
                        7.6.8 Brigham And Women's Hospital
                            7.6.8.1 Company overview
                            7.6.8.2 Financial performance
                            7.6.8.3 Service benchmarking
                            7.6.8.4 Strategic initiatives
                        7.6.9 Ronald Regan UCLA Medical Center
                            7.6.9.1 Company overview
                            7.6.9.2 Financial performance
                            7.6.9.3 Service benchmarking
                            7.6.9.4 Strategic initiatives
                        7.6.10 Northwestern Memorial Hospital
                            7.6.10.1 Company overview
                            7.6.10.2 Financial performance
                            7.6.10.3 Service benchmarking
                            7.6.10.4 Strategic initiatives

Proceed To Buy

USD 3800
USD 1900
USD 1200

Customization Offered

  • check-imgCross-segment Market Size and Analysis for Mentioned Segments
  • check-imgAdditional Company Profiles (Upto 5 With No Cost)
  • check-img Additional Countries (Apart From Mentioned Countries)
  • check-img Country/Region-specific Report
  • check-img Go To Market Strategy
  • check-imgRegion Specific Market Dynamics
  • check-imgRegion Level Market Share
  • check-img Import Export Analysis
  • check-imgProduction Analysis
  • check-imgOthers