Population Growth Fueling Medical Market Expansions

Key Takeaways

  • The Columbia, MSA population is expected to grow by 5.4% between 2016 and 2021 to more than 866,000 people.
  • Statewide consolidation of medical records will enable healthcare providers to service the community efficiently and at a reduced cost.
  • Owners of hospitals are updating their interiors to improve patient experience and safety during their visits.
  • Construction has begun at Lexington Medical Center’s 545,000 square-foot expansion.

Columbia’s Population is Growing

The population of the Columbia, South Carolina metropolitan statistical area (MSA) is growing significantly. The Columbia, MSA consists of Calhoun, Fairfield, Kershaw, Lexington, Richland and Saluda counties. In 2010, the United States Census Bureau reported the population of the Columbia, MSA to be 767,600 people. The population is now estimated to be 819,700 people.  The population is projected to increase by 5.6% to nearly 866,000 people by 2021.

Population growth is concentrated in Lexington County, which is nearly 760 square miles. The 2016 population of Lexington county is estimated to be 286,000 and projected to be 307,000 people by 2021, a 7.4% increase. Based on these projections from Esri, Lexington County will comprise 35.5% of the total Columbia, MSA population in 2021. The growth is occurring primarily in the 20-49 and 50+ age cohorts.

According to Esri, people in the 50+ age cohort account for 32.8% of Columbia’s population and by 2021 will comprise 34.1%, an increase of 26,301 people over five years. People in this age group are more likely to require more routine healthcare services. To better serve the changing healthcare needs of the community, medical providers are focusing on two significant trends: statewide consolidation of patient medical records and enhancing the patient experience during healthcare visits.

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