NAICS 62231 - Specialty (except Psychiatric and Substance Abuse) Hospitals
This industry consists of establishments known and licensed as specialty hospitals primarily engaged in providing diagnostic and medical treatment to inpatients with a specific type of disease or medical condition (except psychiatric or substance abuse). Hospitals providing long-term care for the chronically ill and hospitals providing rehabilitation, restorative, and adjustive services to physically challenged or disabled people are included in this industry. These establishments maintain inpatient beds and provide patients with food services that meet their nutritional requirements. They have an organized staff of physicians and other medical staff to provide patient care services. These hospitals may provide other services, such as outpatient services, diagnostic X-ray services, clinical laboratory services, operating room services, physical therapy services, educational and vocational services, and psychological and social work services.
Industry trends:
The Specialty (except Psychiatric and Substance Abuse) Hospitals sector (NAICS 62231) has been experiencing several notable qualitative trends. A significant trend is the increasing focus on personalized and precision medicine. Advancements in genomics and biotechnology are empowering specialty hospitals to tailor treatments to individual patient profiles, improving outcomes and patient satisfaction.
Another trend is the growing adoption of telemedicine and remote patient monitoring. These technologies have been accelerated by the COVID-19 pandemic and continue to expand as patients and providers recognize their convenience and effectiveness. Telehealth solutions are being integrated into specialty care to provide continual support, reduce hospital readmissions, and enhance chronic disease management.
Moreover, there is a heightened emphasis on integrated care models, which aim to provide coordinated and holistic patient care. This trend is driven by the need to improve healthcare efficiency, patient outcomes, and satisfaction by ensuring seamless communication and collaboration across different healthcare providers and services.
Looking ahead, forecasts suggest that investments in cutting-edge medical technologies such as artificial intelligence, machine learning, and robotic surgery will continue to grow. These innovations promise to enhance diagnostic accuracy, procedural precision, and overall treatment efficacy. Additionally, the aging population and the increasing prevalence of chronic diseases will drive demand for specialty hospital services, necessitating further expansions and service enhancements within the sector.
This industry is comprised of:
Cancer hospitals
Children's hospitals, specialty (except psychiatric, substance abuse)
Chronic disease hospitals
Extended care hospitals (except mental, substance abuse)
Eye, ear, nose, and throat hospitals
Hospitals, specialty (except psychiatric, substance abuse)
Leprosy hospitals
Maternity hospitals
Neurological hospitals
Obstetrical hospital
Orthopedic hospitals
Physical rehabilitation hospitals
Rehabilitation hospitals (except alcoholism, drug addiction)
Tuberculosis and other respiratory illness hospitals
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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