Healthcare can be a very lucrative business, and while as citizens we may view hospitals as a public amenity, the reality in many countries is that they are also a business, and are run for profit as well as for the good of society. As data from the Statista Health Market Outlook shows, nowhere is this done more effectively than in North America.
As defined by Statista: "This industry includes hospitals such as general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to inpatients, ranging from diagnostics to medical treatments and surgical treatments to nursing and specialized accommodation to other medical services. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from the estimates."
In 2022, the average hospital in North America generated an estimated $116.4m in revenue - far ahead of all other regions. Australia & Oceania, as well as Europe came the closest with $44.9m and $37.6m respectively. Africa, on the other end of the scale had the average hospital turnover at just $1.7m.