2024 Health Care & Social Assistance Industry Statistics Report

Health Care & Social Assistance - Market Size and Industry Forecast

The 2024 Health Care and Social Assistance Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Health Care & Social Assistance industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Health Care & Social Assistance - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Health Care & Social Assistance companies in the United States.

Health Care & Social Assistance Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesHealth Care & Social Assistance
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Health Care & Social Assistance - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Health Care & Social Assistance - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Health Care & Social Assistance - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations3%


Chief Executives0%
General and Operations Managers1%
Other Management Occupations6%
Business and Financial Operations Occupations6%
Business Operations Specialists6%
Life, Physical, and Social Science Occupations19%
Social Scientists and Related Workers18%
Clinical, Counseling, and School Psychologists17%
Community and Social Service Occupations5%
Counselors, Social Workers, and Other Community and Social Service Specialists5%
Marriage and Family Therapists8%
Rehabilitation Counselors10%
Substance Abuse, Behavioral Disorder, and Mental Health Counselors18%
Social Workers10%
Child, Family, and School Social Workers6%
Mental Health and Substance Abuse Social Workers8%
Miscellaneous Community and Social Service Specialists10%
Social and Human Service Assistants7%
Education, Training, and Library Occupations14%
Preschool, Primary, Secondary, and Special Education School Teachers9%
Preschool and Kindergarten Teachers8%
Preschool Teachers, Except Special Education8%
Other Education, Training, and Library Occupations15%
Teacher Assistants14%
Teacher Assistants14%
Healthcare Practitioners and Technical Occupations37%
Health Diagnosing and Treating Practitioners23%
Dentists, General11%
Physicians and Surgeons6%
Physicians and Surgeons, All Other7%
Occupational Therapists9%
Physical Therapists9%
Speech-Language Pathologists8%
Registered Nurses7%
Registered Nurses7%
Health Technologists and Technicians14%
Clinical Laboratory Technologists and Technicians22%
Dental Hygienists22%
Dental Hygienists22%
Diagnostic Related Technologists and Technicians12%
Radiologic Technologists6%
Emergency Medical Technicians and Paramedics41%
Emergency Medical Technicians and Paramedics41%
Health Practitioner Support Technologists and Technicians10%
Psychiatric Technicians11%
Ophthalmic Medical Technicians10%
Licensed Practical and Licensed Vocational Nurses6%
Licensed Practical and Licensed Vocational Nurses6%
Opticians, Dispensing22%
Opticians, Dispensing22%
Healthcare Support Occupations23%
Nursing, Psychiatric, and Home Health Aides8%
Nursing, Psychiatric, and Home Health Aides8%
Home Health Aides6%
Psychiatric Aides10%
Nursing Assistants6%
Occupational Therapy and Physical Therapist Assistants and Aides11%
Occupational Therapy Assistants and Aides6%
Physical Therapist Assistants and Aides8%
Physical Therapist Assistants11%
Physical Therapist Aides7%
Other Healthcare Support Occupations14%
Massage Therapists9%
Massage Therapists9%
Miscellaneous Healthcare Support Occupations13%
Dental Assistants33%
Medical Assistants7%
Food Preparation and Serving Related Occupations10%
Cooks and Food Preparation Workers6%
Food and Beverage Serving Workers9%
Food Servers, Nonrestaurant6%
Food Servers, Nonrestaurant6%
Building and Grounds Cleaning and Maintenance Occupations5%
Building Cleaning and Pest Control Workers5%
Building Cleaning Workers5%
Janitors and Cleaners, Except Maids and Housekeeping Cleaners6%
Personal Care and Service Occupations23%
Other Personal Care and Service Workers23%
Childcare Workers12%
Childcare Workers12%
Personal Care Aides23%
Personal Care Aides23%
Residential Advisors5%
Residential Advisors5%
Office and Administrative Support Occupations23%
Financial Clerks5%
Information and Record Clerks7%
Receptionists and Information Clerks5%
Receptionists and Information Clerks5%
Secretaries and Administrative Assistants7%
Secretaries and Administrative Assistants7%
Medical Secretaries5%
Other Office and Administrative Support Workers9%
Office Clerks, General8%
Office Clerks, General8%
Production Occupations6%
Transportation and Material Moving Occupations6%
Motor Vehicle Operators6%
Ambulance Drivers and Attendants, Except Emergency Medical Technicians5%
Ambulance Drivers and Attendants, Except Emergency Medical Technicians5%
Material Moving Workers5%

Government Contracts

In the past, the federal government spent an annual total of $7,758,767,023 on the health care & social assistance industry. It has awarded 58,437 contracts to 8,766 companies, with an average value of $885,098 per company.

Health Care & Social Assistance and Adjacent Industries - Top Companies

($ Millions)


Health Care & Social Assistance Industry Research
GeographyUnited States  
Publication DateJune 2024
Report FormatPDF Download  PDF

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