Hospitals - United States

United States

The Hospitals market in the United States is expected to reach a projected revenue of €1,392.00bn by 2024.
It is further anticipated that the market will experience an annual growth rate of 3.67% from 2024 to 2029, resulting in a market volume of €1,667.00bn by the end of 2029.
When compared globally, United States is forecasted to generate the highest revenue in the Hospitals market, with €1,392.00bn expected in 2024.
In terms of per capita figures, the revenue generated per person United States' Hospitals market is estimated to be €4.07k in 2024.
The United States is witnessing a rising trend in the adoption of telemedicine services by hospitals, enabling remote patient consultations and reducing healthcare costs.

Key regions: United States, China, Germany, Japan, Europe

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Analyst Opinion

The healthcare industry in the United States is one of the largest in the world. It is constantly evolving with new technologies and innovations that change the way healthcare is delivered to patients. The Hospitals market in the United States is a key component of the healthcare industry and plays a vital role in providing quality care to patients.

Customer preferences: Patients in the United States have become more informed and proactive about their healthcare decisions. They are increasingly seeking out hospitals that provide high-quality care and have a good reputation. Patients are also looking for hospitals that offer a wide range of services and have state-of-the-art technology. In addition, there has been a growing demand for hospitals that are able to provide personalized care to patients.

Trends in the market: One of the major trends in the Hospitals market in the United States is the consolidation of hospitals. This trend is driven by a number of factors, including the need to reduce costs, improve quality of care, and increase efficiency. As a result, many hospitals are merging with other hospitals or forming partnerships with other healthcare providers.Another trend in the Hospitals market is the shift towards outpatient care. Hospitals are increasingly providing services that can be delivered on an outpatient basis, such as diagnostic tests, minor surgeries, and follow-up care. This trend is driven by the need to reduce hospital stays and lower healthcare costs.

Local special circumstances: The Hospitals market in the United States is highly competitive. Hospitals are competing not only on the quality of care they provide but also on the cost of care. In addition, hospitals are facing increasing pressure from insurance companies and government payers to reduce costs while maintaining quality of care.

Underlying macroeconomic factors: The United States is facing a number of macroeconomic factors that are impacting the Hospitals market. One of the biggest factors is the aging population. As the population ages, there is an increasing demand for healthcare services, including hospital care. Another factor is the increasing prevalence of chronic diseases, such as diabetes and heart disease, which require ongoing hospital care. Finally, the ongoing debate over healthcare reform is also impacting the Hospitals market, as hospitals are facing increasing pressure to reduce costs while maintaining quality of care.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.