Most of us are well aware of the rising costs of health care. It will not come as a surprise to see that revenues for hospitals in the United States have seen steady increases year-over-year, despite recessions, slowdowns, housing bubbles, financial melt-downs, or any other events that disrupt the economy. This is not to suggest that individual hospitals may not have struggled during our most recent recession, however, as a whole, the hospital industry has seen nothing but rising revenues for well over a decade.

Today’s market size is the revenue earned by hospitals in the United States in 2005 and 2010. Revenues increased over this period by 30.4%, more than twice the rate of inflation during over the same period which was 12.8%. To your health!

Geographic reference: United States
Year: 2005 and 2010
Market size: $620.85 billion and $809.47 billion respectively
Source:  “Table 1 – Selected Services, Estimated Quarterly Revenue for Employer Firms,” Annual Benchmark Report for Services through 2010, page 9, a series of reports put out by the Census Bureau in conjunction with their Service Annual Survey, published every non-Economic Census year. The table from which today’s market size is taken is available online here.
Original source: U.S. Department of Commerce, Economics and Statistics Administration, U.S. Census Bureau
Posted on September 20, 2011