Despite the economic downturn, steady growth in the aging population has been a key driver for industry revenue, contributing to higher revenue in each of the past five years. Still, persistently low personal disposable income has suppressed industry demand as many people had to curb their healthcare spending. The Specialty Hospitals industry faces a positive but uncertain future. Although the industry has proven to be resilient, uncertain Medicare reimbursement rates and competition from home healthcare are projected to keep growth moderate and hamper profitability in the five years to 2020.
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 and 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.