Natural healing: Greater public awareness and adoption of alternative care will aid industry demand

Consumer interest in the Alternative Healthcare Providers industry is growing, alongside rising per capita disposable income and an increasingly health-conscious population. Demand for alternative care hinges on the perceived benefits and efficacy of certain medical practices, as patients are less likely to cut spending on healthcare than they are to reduce spending on more discretionary goods. Moreover, as the number of people with disabilities increases in the United States, more insurance companies and employers are recognizing the benefit of covering alternative healthcare. Increasing acceptance of complementary and alternative medicine (CAM) therapies drove revenue growth for the industry...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Demand for alternative care hinges on the perceived benefits and efficacy of certain medical practices
  • More insurance companies and employers are covering alternative healthcare for people with disabilities
  • Operators are expected to benefit from the increased focus on prevention and wellness services
  • Industry Report - Industry Investment Chapter

    The Alternative Healthcare Providers industry has a low level of capital intensity. For each $1.00 spent on labor in 2018, $0.04 is spent on capital. This figure has remained relatively stable during the previous five-year period. The majority of businesses in this industry offer customers direct and personalized services, which leads to high labor costs. There is little investment in fixed assets in this industry, with labor accounting for most of the value in this industry. By nature, alternative medicine is extremely labor intensive. In 2018, wages are expected to account for an estimated 40.2% of industry revenue. Complementary and alternative practitioners typically spend appreciably more time in an average patient visit than a conventional medical doctor does...purchase to read more.

    Additional Insights for the Alternative Healthcare Providers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Alternative Healthcare Providers Industry are

  • Development of a symbiotic relationship with other healthcare providers
  • Having a good reputation
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Federal expenditure on disability benefits and Number of adults aged 20 to 64 in the Alternative Healthcare Providers industry impact industry performance..

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    What's in this report

    What is the Alternative Healthcare Providers Industry?

    This industry provides health services that are not classified in any other industry, such as meditation, yoga or massage. The practitioners in this industry operate private or group practices in their own offices or in the facilities of others, such as hospitals, medical centers or patient homes. This industry does not include chiropractors; mental health specialists; physical, occupational and speech therapists; audiologists; or podiatrists.

    Industry Products
  • Nonvitamin and nonmineral natural products
  • Deep breathing exercises
  • Meditation
  • Massage
  • Yoga, tai chi and qigong
  • Diet-based therapies
  • Chiropractor and osteopathic services
  • Acupuncture
  • Industry Activities
  • Acupuncture
  • Dental hygiene
  • Herbal therapy
  • Nutrition
  • Hypnotherapy
  • Massage therapy
  • Respiratory therapy
  • Naturopathy and homeopathy
  • Midwifery
  • Yoga
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal expenditure on disability benefits
  • Number of adults aged 20 to 64
  • Number of people with private health insurance
  • Per capita disposable income
  • Federal funding for Medicare and Medicaid

  • Current Performance
  • Access to healthcare
  • Demographic changes drive demand
  • Industry landscape expands
  • Chart: Revenue Growth

  • Industry Outlook
  • States pave the way
  • Incorporating CAM into medical schooling
  • Demographic changes drive demand
  • Table: Alternative Healthcare Providers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Alternative Healthcare Providers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Medical Insurance
  • Primary Care Doctors
  • Specialist Doctors
  • Home Care Providers
  • Hospitals
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Medical Instrument & Supply Manufacturing

  • Products & Services
  • Nonvitamin and nonmineral natural products
  • Deep breathing exercises
  • Yoga, tai chi and qigong
  • Chiropractor and osteopathic services
  • Massage
  • Meditation
  • Diet-based therapies
  • Acupuncture
  • Chart: Alternative Healthcare Providers Industry Products and Services Segmentation

  • Demand Determinants
  • Demographics
  • Access to healthcare

  • Major Markets
  • Females aged 30 to 69
  • Males aged 30 to 69
  • Females aged 17 and younger
  • Males aged 17 and younger
  • Females aged 70 and older
  • Males aged 70 and older
  • Females aged 18 to 29
  • Males aged 18 to 29
  • Chart: Major Market Segmentation for the Alternative Healthcare Providers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesProvision for doubtful accountsOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Alternative Healthcare Providers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Alternative Healthcare Providers Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Alternative Healthcare Providers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Alternative Healthcare Providers Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A procedure of inserting and manipulating needles into various points on the body to relieve pain or for therapeutic purposes.
  • Ayurveda
  • A system of traditional medicine native to the Indian subcontinent and grounded in a metaphysics of the "five great elements."
  • Biofeedback
  • A technique in which people are taught to improve their health and performance by using signals from their own bodies.
  • Complementary And Alternative Medicine (Cam)
  • Medical products and practices that are not part of standard care.
  • Conventional Care
  • A term used for the type of care provided by medical doctors, doctors of osteopathy and allied health professionals, such as registered nurses and physical therapists.
  • Homeopathy
  • A method of treating disease with small amounts of remedies that, in large amounts in healthy people, produce symptoms similar to those being treated.
  • Hypnotherapy
  • An exercise that brings about deep relaxation and an altered state of consciousness, also known as a trance.
  • Naturopathy
  • A holistic method of healing that recognizes the ability of the body to overcome disease.
  • What Our Customers Say

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    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    The Alternative Healthcare Providers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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