Specialist Doctors in the US - Industry Market Research Report

Specialist Doctors in the US - Industry Market Research Report

  • October 2020 •
  • 54 pages •
  • Report ID: 198584 •
  • Format: PDF
Doctor’s orders: Positive demographic changes and rising total health expenditure will likely boost industry demand

Abstract

Specialist Doctors in the US
Over the five years to 2019, revenue for the Specialist Doctors industry has grown. Overall, specialty practices benefited from rising total health expenditure and increased demand from an aging population. Moreover, industry growth was aided by improving access to healthcare insurance. Much of this growth can be attributed to the passage of federal healthcare reform, which required most Americans to obtain healthcare coverage through federal, state or private exchanges. Changing healthcare policies and regulations have created complex challenges for many operators in the healthcare sector as a whole. Key growth drivers, including income levels and private health insurance rates, are forecast to improve or remain steady over the five years to 2024. In addition, demand for industry services will likely remain strong as a result of positive demographic changes and rising total health expenditure.

A specialist doctor is a physician whose practice is limited to a particular branch of medicine or surgery. This industry includes enterprises or health practitioners with a doctor of medicine or doctor of osteopathy degree. These individuals primarily practice specialized medicine, such as anesthesiology; oncology and ophthalmology; or surgery. This industry does not include physicians who work in internal, family and pediatric medicine.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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