The Healthcare industry in the United States is currently in a crisis. Industry spending has been increasing rapidly due to the increased number of patients seeking different health services. In healthcare facilities in the United States, most patients seek inpatient services due to their condition, which requires regular medical attention.
Healthcare Sector
In this industry, one of the top-performing companies is CVS Health Corporation (CVS). CVS has revenue (TTM) is estimated to be $ 257.3 billion, net income (TTM) of $ 6.6 billion and a market capitalization of $ 69.2 billion ( Galvani et al., 2020) . Currently, CVS Health Corp is the leading drugstore chain in the United States due to the quality of service it offers clients.
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The UnitedHealth Group Inc. (UNH) is the second performing in the health industry in the U.S. The company has a revenue (TTM) of 240.3 billion, net income (TTM) $ 13.8 billion and market capitalization of 184.8 billion. The facility's performance has also improved significantly over the past five years ( Galvani et al., 2020) .
McKesson Corporation (MCK) is ranked third performing company in the health sector in the United States. McKesson Corp has a revenue (TTM) of $ 224.9 billion, net income (TTM) of $ 917.0 million and market capitalization of 18.7 billion ( Galvani et al., 2020) . The company’s major in pharmaceuticals and other medical products.
Correction Field
The U.S. prison system imprisons about 2.3 million inmates as of 2019. In the field of correction, Hawaii is ranked first as the best performing institution that provides correction services. Currently, the facility charges 82.61 daily to house an inmate. The facility’s net revenue is approximately 196.5 billion annually ( Virtanen et al., 2020) . New Hampshire is ranked second best-performing correction institution due to the number of inmates the facility host. New Hampshire annual revenues are estimated to be 182 billion, which are generated from different departments. Vermont prison is ranked third-performing correction institution in the United States ( Virtanen et al., 2020) . Vermont's net revenues are estimated to be 167.0 billion annually based on the number of inmates it hosts annually.
Educational Institutions
The education sector is one of the most sensitive industries in the United States. There are over 100 educational institutions in this sector, offering different service. The following are the top-performing institutions in the United States:
Havard University is the top-performing institution in the United States due to the quality services it offers to the public. As of 2019, Harvard’s net revenues increased by 5% to 5.5 billion ( Klar et al., 2020) . The institution's leading sources of revenue include tuition fees, sponsored research, and donations from well-wishers.
Stanford University is ranked as the second-best educational institution in the United States. Stanford's annual revenues are estimated to be $ 6.5 billion, which are generated from tuition fees. Massachusetts Institute of Technology (MIT) is ranked third in the education sector in the United States. The institution has estimated annual revenues of $ 4.4 billion ( Klar et al., 2020) .
Market Size and Growth of Healthcare Sector in the United States
The size and scope of services offered in the healthcare sector in the United States are measured in terms of the amount of revenues generated in the industry. As of January 2020, U.S. healthcare was valued to be 1.1 trillion. The primary sources of income in this industry include Health and Medical Insurance services. An increase in service quality is another reason that has contributed to the increase in the U.S. healthcare sector's market performance.
The Healthcare sector in the United States has reported significant market growth over the last five years due to the high demand for healthcare services. For example, the 2020 reports show that the sector recorded 0.3 % market growth from the previous year's market value.
Market Size and Growth of Correction Sector in the United States
The United States correction has reported visible market growth over the past five years. For example, the industry's reported 2.7 % annual revenues in 2019, which translates to $ 5.9 billion. The increase in market growth is attributed to the criminal case, which has been increasing in the U.S. ( Virtanen et al., 2020) . The correction industry offers various services, such as case hearing and prosecution. The primary industry sources of revenue include fines, legal fees, and penalties charged on the crime committed by lawbreakers.
Market Size and Growth of Educational Sector in the United States
The education sector is another industry that has been recording rapid growth in size and market growth. The size and scope of services offered in the education sector in the United States are measured in terms of the revenues generated in the industry. As of 2020 January, United States was valued to be 1.6 trillion ( Klar et al., 2020) . The education industry in the United has grown progressively over the past five years. For example, the industry reported a 1.3% market growth due to the increase in the admission of more students seeking education from different institutions.
Recommendations
Based on the above industries and companies' analysis, the company should target the healthcare industry to supply its foodservice. Healthcare has reported a growth in market value. Companies in this industry also have been reporting an increase in annual revenues and net profits. Lastly, the number of clients seeking services is quite high compared to correction and educational institutions. Therefore, the company will supply more of its products to facilities operating in the healthcare sector.
References
Galvani, A. P., Parpia, A. S., Foster, E. M., Singer, B. H., & Fitzpatrick, M. C. (2020). Improving the prognosis of health care in the USA. The Lancet , 395 (10223), 524-533.
Simpson, C. (2020). Occupational Health and Safety in the Cannabis Industry. Annals of Work Exposures and Health .
Virtanen, P., Gommers, R., Oliphant, T. E., Haberland, M., Reddy, T., Cournapeau, D., ... & van der Walt, S. J. (2020). Author Correction: SciPy 1.0: fundamental algorithms for scientific computing in Python. Nature Methods , 17 (3), 352.
Klar, H. W., D’Andrea, K. L., & Young, S. D. (2020). South Carolina, USA: Educational Authorities and the Schools: Conflict and Cooperation in South Carolina. In Educational Authorities and the Schools (pp. 289-307). Springer, Cham.
