Overview

New age: Greater public awareness and adoption of alternative care will aid industry demand

IBISWorld’s industry research report on Alternative Healthcare Providers can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth
12-17
4.0%
Annual Growth
17-22
Profit
Employment
277,805
Business
218,897

Industry Threats & Opportunities

  • The growing acceptance and expanding coverage of industry services will drive industry growth
  • An aging population will drive industry demand as people seek alternative healthcare
  • The aging population will continue to bolster industry demand

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    Industry Analysis & Industry Trends

    The Alternative Healthcare Providers industry is becoming more mainstream and less alternative. Consistent demand for alternative care is partly attributable to the essential nature of industry services, 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. Consequently, industry revenue is expected to increase over the five years to 2017...

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    Industry Report - Industry Key Buyers Chapter

    The Alternative Healthcare Providers industry is highly fragmented, with the largest operator generating less than 1.0% of total industry revenue. Nonemployer establishments (i.e. sole practitioners) account for 91.0% of all industry establishments. Although the number of sole practitioners has been increasing over the five years to 2017, employer establishments are also generating a larger percentage of industry revenue. This trait indicates that the big are getting bigger and have been more successful at generating more revenue per location than sole practitioners.

    Alternative healthcare is more fragmented than conventional healthcare because of its relative youth in the US culture. It ..

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    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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    Industry Products

    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
    Diet-based therapies
    Acupuncture
    Other products and services
    Industry Activities
    Acupuncture
    Dental hygiene
    Herbal therapy
    Nutrition
    Hypnotherapy
    Massage therapy
    Respiratory therapy
    Naturopathy and homeopathy
    Midwifery
    Yoga

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Alternative medicine and healthcare reform
  • Demographic changes drive demand
  • Industry landscape expands
  • Chart: Revenue Growth

  • Industry Outlook
  • Access to healthcare
  • Alternative medicine and healthcare reform
  • 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

  • Products & Markets
    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
  • Massage
  • Other products and services
  • 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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Alternative Healthcare Providers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Acupuncture
  • 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.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Alternative Healthcare Providers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Alternative Healthcare Providers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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