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2024 U.S. Industry Statistics & Market Forecast - General Medical and Surgical Hospitals


Market Size & Industry Statistics

The total U.S. industry market size for General Medical and Surgical 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



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 (%)
Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the General Medical and Surgical Hospitals industry include:
  1. Aging population increase
  2. Rising chronic disease prevalence
  3. Healthcare technology advancements
  4. Telemedicine expansion
  5. Regulatory and policy changes
  6. Cost containment pressures
  7. Shift towards outpatient care
  8. Healthcare staffing shortages
  9. Patient experience and satisfaction emphasis
  10. Integration of AI and machine learning
  11. Cybersecurity threats and defense needs
  12. Value-based care adoption
  13. Partnerships and consolidation
  14. Sustainability and environmental impact initiatives
  15. Personalized and precision medicine growth


Product & Services Breakdown

Research products and services in the General Medical and Surgical Hospitals industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis

Patient Care - Infectious And Parasitic Diseases (Icd-9 Codes 001-139)

Patient Care - Neoplasms (Tumors) (Icd-9 Codes 140-239)

Patient Care - Endocrine, Nutritional And Metabolic Diseases, And Immunity Disorders (Icd-9 Codes 240-279)

Patient Care - Diseases Of The Blood And Blood-Forming Organs (Icd-9 Codes 280-289)

Patient Care - Mental Disorders (Icd-9 Codes 290-319)

Patient Care - Diseases Of The Nervous System And Sense Organs (Icd-9 Codes 320-389)

Patient Care - Diseases Of The Circulatory System (Icd-9 Codes 390-459)

Patient Care - Diseases Of The Respiratory System (Icd-9 Codes 460-519)

Patient Care - Diseases Of The Digestive System (Icd-9 Codes 520-579)

Patient Care - Diseases Of The Genitourinary System (Reproductive And Urinary System Organs) (Icd-9 Codes 580-629)

Patient Care - Complications Of Pregnancy, Childbirth, And The Puerperium (Icd-9 Codes 630-679)

Patient Care - Diseases Of The Skin And Subcutaneous Tissue (Icd-9 Codes 680-709)

Patient Care - Diseases Of The Musculoskeletal System And Connective Tissue (Icd-9 Codes 710-739)

Patient Care - Congenital (Present At Birth) Anomalies (Icd-9 Codes 740-759)

Patient Care - Certain Conditions Originating In The Perinatal Period (Infant) (Icd-9 Codes 760-779)

Patient Care - Symptoms, Signs, And Ill-Defined Conditions (Icd-9 Codes 780-799)

Patient Care - Injury And Poisoning (Icd-9 Codes 800-999)

Patient Care - Supplementary Classification Of Factors Influencing Health Status And Contact With Health Services (Icd-9 Codes V

Patient Care - Supplementary Classification Of External Causes Of Injury And Poisoning (Icd-9 Codes E800-E999)

Patient Care - All Other Patient Care

Home Health Care Bundled Service

Home Hospice (End Of Life) Care Services

Daily Assisted Living And Skilled Nursing Services Without Rehabilitation Services

Daily Assisted Living And Skilled Nursing Services With Rehabilitation Services

Acute Long-Term Care Services

Research And Development

Meals And Beverages, Prepared And Served Or Dispensed, For Immediate Consumption

Rental Or Lease Of Goods And/Or Equipment

Rental Or Lease Of - All Other Goods And/Or Equipment

Rents And Commissions From Departments And Concessions Not Owned And Operated By This Institution (Exclude Gross Sales Or Billin

Resale Of Merchandise

Resale Of - Pharmaceuticals

Resale Of - All Other Merchandise

All Other Receipts

All Other Operating Receipts

Contributions, Gifts, And Grants - Government

Contributions, Gifts, And Grants - Private

Investment Income, Including Interest And Dividends

Appropriations From General Government Revenues And Intergovernmental Transfers (Only Governmental Or Military Institutions Shou

All Other Revenue



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.

U.S. map by state

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)
Total Revenue

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a General Medical and Surgical Hospitals company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry 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 General Medical and Surgical Hospitals industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
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).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on General Medical and Surgical Hospitals measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry 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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.



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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers0%
Healthcare Practitioners and Technical Occupations 57%
Healthcare Diagnosing or Treating Practitioners 42%
Registered Nurses 31%
Registered Nurses 31%
Health Technologists and Technicians 14%
Healthcare Support Occupations 13%
Home Health and Personal Care Aides; and Nursing Assistants, Orderlies, and Psychiatric Aides 8%
Nursing Assistants, Orderlies, and Psychiatric Aides 8%
Nursing Assistants 7%
Office and Administrative Support Occupations 11%
Source: Bureau of Labor Statistics


General Medical and Surgical Hospitals Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the General Medical and Surgical 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 General Medical and Surgical 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 General Medical and Surgical Hospitals industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for General Medical and Surgical Hospitals

  • Apr 02, 2024: WEST VIRGINIA UNIVERSITY HOSPITALS, INC. (Morgantown, WV) awarded $395,000
  • Apr 02, 2024: WEST VIRGINIA UNIVERSITY MEDICAL CORP (Morgantown, WV) awarded $50,000
  • Apr 02, 2024: UNIVERSITY OF MASSACHUSETTS (Worcester, MA) awarded $3,205,019
  • Apr 02, 2024: UNIVERSITY OF KENTUCKY (Lexington, KY) awarded $1,461,631
  • Apr 02, 2024: WELLPATH LLC (Nashville, TN) awarded $65,880
  • Apr 02, 2024: SEVEN CORNERS, INC (Carmel, IN) awarded $150,000




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