Specialty Hospitals in the US - Industry Market Research Report

Specialty Hospitals in the US - Industry Market Research Report

  • May 2020 •
  • 41 pages •
  • Report ID: 199151 •
  • Format: PDF
Specialized medicine: Seniors in need of long-term care are expected to boost demand, but profit will likely fall

Abstract

Specialty Hospitals in the US
Specialty hospitals that focus on rehabilitation, long-term acute care, children’s medicine, cardiology, orthopedics, women’s medicine and surgical procedures represent a growing portion of the US healthcare system. In contrast to traditional healthcare facilities, operators in the Specialty Hospitals industry provide specialized care to patients via both large-scale, well-known establishments and small, local clinics. This labor-intensive industry has consolidated over the five years to 2019 as large operators have acquired smaller companies to gain market share and to attract relatively lucrative, privately insured patients in particular. As specialty hospitals grow and technology advances, industry operators require highly skilled workers to manage additional demand for industry services and more-complex technology. Industry profit has grown over the past five years, but is expected to decline due to reimbursement cuts. Over the five years to 2024, this growth will largely be driven by the aging population and growing healthcare expenditure. However, changes to healthcare legislation are likely to limit growth slightly over the next five years.

This industry includes companies that provide diagnostic and medical treatment to inpatients with a specific type of disease or medical condition. Specialty hospitals include hospitals that primarily provide long-term care for the chronically ill and those that offer rehabilitation, restorative and adjunctive services to physically challenged or disabled people. The industry does not include specialty units within general hospitals or psychiatric or substance-abuse hospitals.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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