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2024 U.S. Industry Statistics & Market Forecast - Specialty Hospitals
Market Size & Industry Statistics
The total U.S. industry market size for Specialty Hospitals:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Specialty Hospitals industry include:- Rising healthcare costs
- Aging population
- Technological advancements in medical treatments
- Increased focus on personalized medicine
- Growth in outpatient services
- Regulatory changes and increased scrutiny
- Healthcare consolidation and network expansion
- Shift towards value-based care models
- Growing importance of telemedicine and remote monitoring
- Expanding scope of services to include wellness and preventive care
- Increased patient preference for specialized care centers
- Challenges in workforce recruitment and retention
- Impact of global health crises on operational and financial performance
- Cybersecurity risks and data privacy concerns
- Adoption of AI and machine learning in diagnostic and treatment processes
Product & Services Breakdown
Research products and services in the Specialty Hospitals industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis |
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Patient Care - Infectious And Parasitic Diseases (Icd-9 Codes 001-139) |
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Patient Care - Neoplasms (Tumors) (Icd-9 Codes 140-239) |
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Patient Care - Endocrine, Nutritional And Metabolic Diseases, And Immunity Disorders (Icd-9 Codes 240-279) |
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Patient Care - Diseases Of The Blood And Blood-Forming Organs (Icd-9 Codes 280-289) |
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Patient Care - Mental Disorders (Icd-9 Codes 290-319) |
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Patient Care - Diseases Of The Nervous System And Sense Organs (Icd-9 Codes 320-389) |
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Patient Care - Diseases Of The Circulatory System (Icd-9 Codes 390-459) |
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Patient Care - Diseases Of The Respiratory System (Icd-9 Codes 460-519) |
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Patient Care - Diseases Of The Digestive System (Icd-9 Codes 520-579) |
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Patient Care - Diseases Of The Genitourinary System (Reproductive And Urinary System Organs) (Icd-9 Codes 580-629) |
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Patient Care - Complications Of Pregnancy, Childbirth, And The Puerperium (Icd-9 Codes 630-679) |
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Patient Care - Diseases Of The Skin And Subcutaneous Tissue (Icd-9 Codes 680-709) |
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Patient Care - Diseases Of The Musculoskeletal System And Connective Tissue (Icd-9 Codes 710-739) |
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Patient Care - Congenital (Present At Birth) Anomalies (Icd-9 Codes 740-759) |
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Patient Care - Symptoms, Signs, And Ill-Defined Conditions (Icd-9 Codes 780-799) |
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Patient Care - Injury And Poisoning (Icd-9 Codes 800-999) |
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Patient Care - Supplementary Classification Of Factors Influencing Health Status And Contact With Health Services (Icd-9 Codes V |
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Patient Care - All Other Patient Care |
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Daily Assisted Living And Skilled Nursing Services With Rehabilitation Services |
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Acute Long-Term Care Services |
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Research And Development |
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All Other Receipts |
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All Other Operating Receipts |
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Contributions, Gifts, And Grants - Government |
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Contributions, Gifts, And Grants - Private |
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Investment Income, Including Interest And Dividends |
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Appropriations From General Government Revenues And Intergovernmental Transfers (Only Governmental Or Military Institutions Shou |
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All Other Revenue |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Specialty Hospitals company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Specialty Hospitals industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Specialty Hospitals measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 0% | |||
| Other Management Occupations | 6% | |||
| Life, Physical, and Social Science Occupations | 7% | |||
| Educational Instruction and Library Occupations | 6% | |||
| Postsecondary Teachers | 6% | |||
| Health Teachers, Postsecondary | 6% | |||
| Health Specialties Teachers, Postsecondary | 6% | |||
| Healthcare Practitioners and Technical Occupations | 51% | |||
| Healthcare Diagnosing or Treating Practitioners | 41% | |||
| Therapists | 12% | |||
| Registered Nurses | 23% | |||
| Registered Nurses | 23% | |||
| Health Technologists and Technicians | 9% | |||
| Healthcare Support Occupations | 16% | |||
| Home Health and Personal Care Aides; and Nursing Assistants, Orderlies, and Psychiatric Aides | 12% | |||
| Nursing Assistants, Orderlies, and Psychiatric Aides | 10% | |||
| Nursing Assistants | 10% | |||
| Office and Administrative Support Occupations | 10% | |||
Specialty Hospitals Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Specialty Hospitals industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Specialty Hospitals industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Specialty Hospitals industry. |
Innovation News
- May 06, 2023: Northwest Cancer Specialists P.C. trademarks "FIND YOUR PATH TO HOPE AND HEALING AT COMPASSONCOLOGY.COM" - Financial counseling services in the field of insurance benefits and cancer treatment cost planning
- Nov 21, 2022: Warm Springs Rehabilitation Hospital of Kyle trademarks "CONNECT + ABILITY AT WARM SPRINGS" - Educational services
- Sep 13, 2022: Northwest Cancer Specialists P.C. trademarks "COMPASS TALKS" - Educational services
Recent Federal Contracts for Specialty Hospitals
- Mar 05, 2024: CHILDREN'S HOSPITAL (Washington, DC) awarded $20,000
- Feb 15, 2024: BROOKS REHABILITATION CLINICAL RESEARCH CENTER (Jacksonville, FL) awarded $151,250
- Jan 30, 2024: INTEGRATIVE REIKI ACADEMY LLC (Oceanside, CA) awarded $3,508
- Jan 16, 2024: BOSTON MEDICAL CENTER CORPORATION (Boston, MA) awarded $639,029
