2024 Hospitals Industry Statistics Report

Hospitals - Market Size and Industry Forecast

The 2024 Hospitals 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 Hospitals 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.

Hospitals - 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 Hospitals companies in the United States.

Hospitals Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesHospitals
Small Business (< 5 Employees)


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

Hospitals - 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

Hospitals - 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

Hospitals - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Patient care
Appropriations from general gov rev & intergovernmental transfers
All other operating receipts
All other revenue
Investment income, including interest & dividends
Resale of merchandise
Contributions, gifts, & grants - government
Inpatient skilled nursing services without rehabilitation services
Inpatient skilled nursing services with rehabilitation services

Hospitals - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations4%


Chief Executives0%
General and Operations Managers0%
Business and Financial Operations Occupations6%
Community and Social Service Occupations5%
Counselors, Social Workers, and Other Community and Social Service Specialists15%
Substance Abuse, Behavioral Disorder, and Mental Health Counselors5%
Social Workers6%
Healthcare Practitioners and Technical Occupations55%
Health Diagnosing and Treating Practitioners40%
Registered Nurses30%
Registered Nurses30%
Health Technologists and Technicians15%
Health Practitioner Support Technologists and Technicians6%
Psychiatric Technicians11%
Healthcare Support Occupations12%
Nursing, Psychiatric, and Home Health Aides8%
Nursing, Psychiatric, and Home Health Aides8%
Psychiatric Aides10%
Nursing Assistants7%
Office and Administrative Support Occupations12%
Secretaries and Administrative Assistants8%
Secretaries and Administrative Assistants8%

Government Contracts

In the past, the federal government spent an annual total of $1,086,789,407 on the hospitals industry. It has awarded 15,863 contracts to 493 companies, with an average value of $2,204,441 per company.

Hospitals and Adjacent Industries - Top Companies

($ Millions)


Hospitals Industry Research
GeographyUnited States  
Publication DateMay 2024
Report FormatPDF Download  PDF

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