$49.1bn
$X.Xbn
74,386
81
$XX.Xbn
Children's specialty hospitals represent less than 5% of all US hospitals but are vital to pediatric healthcare. Despite the disruptions caused by the pandemic, the industry experienced growth because of the inelastic demand for children's health services. While the pandemic raised operating costs, the adoption of telemedicine and government support helped mitigate significant declines in demand and revenue. The income and expense volatility in the recent period did not impact industry-wide revenue, which is expected to climb at a CAGR of 0.2% through 2024 to total $49.1 billion, increasing 1.0% in 2024.
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated $49.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
The Children's Hospital Of Philadelphia | 4,312.4 | 497.1 | 11.5 | |
Boston Children's Hospital | 2,186.5 | 108.7 | 5.0 |
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Industry revenue is measured across several distinct product and services lines, including Inpatient Medicine, Inpatient Surgery and Inpatient Pulmonology. Inpatient Medicine is the largest segment of the Children's Specialty Hospitals in the US.
Inpatient medicine makes up a quarter of hospital services
The children's specialty hospitals industry encompasses hospitals dedicated to diagnosing and treating inpatients, primarily those aged 21 and younger. These hospitals focus on specific diseases or medical conditions. They maintain inpatient beds and offer various services, including food, outpatient care, X-rays, laboratory tests, operating rooms and pharmacies.
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NAICS 62211 - Children's Specialty Hospitals in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
For children’s specialty hospitals, reimbursements are the backbone of profit. Since Medicaid and public and private health insurance account for most of the revenue, managed...
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Public or private insurance coverage is the lifeblood of hospital revenue. Government programs encourage states to insure more children, but economic factors affecting family...
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Families in metropolitan areas have better access to children's specialty hospitals. The distribution of healthcare facilities follows population trends, leaving rural locati...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Local market concentration in children's specialty hospitals reduces the threat of new entrants. These hospitals can leverage size and economies of scale, including negotiati...
Learn about the performance of the top companies in the industry.
Quality and reputation lead to dominance. The Children's Hospital of Philadelphia secures a high market share due to its unparalleled quality of care and reputation for excep...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Technology improves patient options and enhances service quality. Advances in telemedicine and medical wearables could lessen hospital visits, but skilled technicians, advanc...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages are crucial to profit preservation. Proximity to other medical establishments forces hospitals to compete for skilled workers, leading to higher and more fluctuating wa...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Children's Specialty Hospitals in the US industry in United States is $49.1bn in 2024.
There are 81 businesses in the Children's Specialty Hospitals in the US industry in United States, which has declined at a CAGR of 3.7 % between 2019 and 2024.
The market size of the Children's Specialty Hospitals in the US industry in United States has been growing at a CAGR of 0.2 % between 2019 and 2024.
Over the next five years, the Children's Specialty Hospitals in the US industry in United States is expected to grow.
The biggest companies operating in the Children's Specialty Hospitals market in United States are The Children's Hospital Of Philadelphia and Boston Children's Hospital
Inpatient Cardiology and Inpatient Medicine are part of the Children's Specialty Hospitals in the US industry.
The company holding the most market share in United States is The Children's Hospital Of Philadelphia.
The level of competition is moderate and increasing in the Children's Specialty Hospitals in the US industry in United States.