Hospitals (NAICS 622) Industry Market Research Report

Hospitals - Market Size and Forecast

The Hospitals report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurementsincludes both public and private companies in the industry.

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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)

Hospitals Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021

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

US Market Size by State

Distribution by Company Size

Company Size All Industries Hospitals
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 Average Percent 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 Description Description Revenue
($ 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 Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 4%


Chief Executives 0%
General and Operations Managers 0%
Business and Financial Operations Occupations 6%
Community and Social Service Occupations 5%
Counselors, Social Workers, and Other Community and Social Service Specialists 15%
Counselors 6%
Substance Abuse, Behavioral Disorder, and Mental Health Counselors 5%
Social Workers 6%
Healthcare Practitioners and Technical Occupations 55%
Health Diagnosing and Treating Practitioners 40%
Therapists 11%
Registered Nurses 30%
Registered Nurses 30%
Health Technologists and Technicians 15%
Health Practitioner Support Technologists and Technicians 6%
Psychiatric Technicians 11%
Healthcare Support Occupations 12%
Nursing, Psychiatric, and Home Health Aides 8%
Nursing, Psychiatric, and Home Health Aides 8%
Psychiatric Aides 10%
Nursing Assistants 7%
Office and Administrative Support Occupations 12%
Secretaries and Administrative Assistants 8%
Secretaries and Administrative Assistants 8%

Government Contracts

In 2008, the federal government spent a 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

Company Address Revenue
($ Millions)


Hospitals Industry Report
Geography United States  
Publication Date May 2020
Report Format PDF Download  
Price $450

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