Industry Analysis & Industry Trends
In recent years, the Specialist Doctors industry has benefited from a rise in demand for the industry's services, thanks to an aging population and the growing prevalence of chronic diseases. While the economic environment is forecast to improve over the next five years, profit growth is expected to be mild through 2019. Meanwhile, an aging population and healthcare reform will bolster demand for industry services, as more people have gained healthcare insurance coverage as a result of healthcare reform... purchase to read more
Industry Report - Industry Analysis Chapter
The Specialist Doctors industry has been resilient recently, expanding during the economic recession and the start of the recovery period when many other industries declined. In 2014, industry revenue is expected to continue on this upward trajectory with a 2.8% increase to $299.1 billion, representing annualized growth of 2.4% over the past five years. Health insurance coverage, and therefore demand for specialist doctors, is expected to increase with the implementation of recent healthcare reform.
The industry, however, was not completely immune to the recession's effects on consumers. The economic downturn caused widespread unemployment, which led to a decrease in disposable income and consequently, health insurance coverage. These factors caused patient volume to fall... purchase to read more