Specialty Hospitals in the US - Industry Market Research Report

Open beds: Increased federal funding for Medicare and Medicaid will spur hospital growth

Specialty hospitals were quick to rebound from COVID-19. With strong economic performance in the years prior, hospitals were equipped to meet new health regulations, supply chain shortages and demand fallout. Bolstered by government assistance, specialty hospitals recovered with a sizeable increase in revenue in 2022. Over the past five years, specialty hospital revenue grew at a CAGR of 2.1% to $61.7 billion, growing 2.4% in 2023 alone. 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.