The North America hospital services market size surpassed USD 5,012 billion in 2024 and is predicted to reach around USD 8,757 billion by 2034, registering a CAGR of 5.74% from 2025 to 2034.
| Industry Worth | Details |
| Market Size in 2025 | USD 5,375 Billion |
| Market Size by 2034 | USD 8,757 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 5.74% |
Hospitals generally play an importance role in instructing the public about health issues, promoting preventive care, and helping early detection of disorders. Hospitals are provided with modern technologies, such as Hospital Information Systems (HIS), to direct operations, enhance communication, and improve patient care. Hospitals generally provide community outreach programs to understand health demands within the local population, enhancing health and well-being at a wider level.
The growing incidence of knee problems, the older population, and the need for the latest surgical processes are all likely to boost the knee replacement market, which will raise the need for hospital care. Hospitals and orthopedic centers will require investing in infrastructure, technology, and qualified personnel to satisfy the increasing need for knee replacement surgery and offer comprehensive patient care.
The public/community segment dominated the North American hospital services market in 2024. Public hospitals are generally government-owned and provide healthcare services to the public, regardless of their ability to pay. Private hospitals are privately admitted and need patients to remunerate them for services rendered.
The private segment shows lucrative growth during the forecast period. A private investment typically involves a private equity group obtaining all or part of a healthcare facility or system. Thus, to strengthen the individual’s well-being, state investment in well-being and health has a large and powerful compounding influence on the economy.
The inpatient segment dominated the market in 2024. These comprise the continued need for comprehensive, round-the-clock medical care that inpatient services offer, mainly for acute conditions and surgeries. In addition, the aging population and the incidence of chronic diseases require specialized inpatient care and extended hospital stays. The trust and assurance linked with inpatient services for vital medical situations led to their sustained supremacy in the market.
The outpatient segment shows notable growth in the forecast period. Outpatient services refer to medical care offered to patients who do not need an overnight stay in the hospital. These services comprise medical consultations, diagnostic tests, and minor procedures. Outpatient services are anticipated to expand at a faster rate due to the rising need for non-invasive procedures and the change towards value-derived healthcare, which highlights early intervention and preventive care.
The cardiovascular segment was the largest share of the North American hospital services market in 2024. This is due to the incidence of cancer and cardiovascular disorders, which involve specialized and frequent long-term medical attention. The continuous developments in different kinds of treatment and medical research, along with an increasing focus on early intervention and detection, are boosting the need for these customized healthcare services.
Published by Kesiya Chacko
