Doctor's orders: Positive demographic changes and rising healthcare coverage will boost revenue

Over the five years to 2018, revenue for the Specialist Doctors industry in the United States 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. Changing healthcare policies and regulations have created complex challenges for many operators in the healthcare sector as a whole. In response to changing conditions, increasing regulation and rising operating costs, many specialists have increasingly shifted to working in group practices. Key growth drivers, including income levels and private health insurance rates, are forecast to improve or remain steady over the next five years...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

  • Changing healthcare policies and regulations have created complex challenges for many healthcare operators
  • Many physicians have consolidated their offices into larger multispecialty groups and IPAs
  • The next five years will favor the development of large multispecialty practices
  • Industry Report - Industry Products Chapter

    The services of this industry can be segmented by the number of active physicians in a given specialty. Based on the latest available data from the American Medical Association (AMA), the five major specialties according to the number of practicing specialists include: psychiatry; obstetrics and gynecology; anesthesiology; emergency medicine and radiology and diagnostic medicine. As interest in internal medicine has waned among medical students (driven by the comparatively higher wages of specialist doctors), more students have entered anesthesiology, radiology and other specialties.PsychiatryPsychiatry is the medical specialty devoted to the study, diagnosis, treatment and prevention of mental illness. The...purchase to read more.

    Additional Insights for the Specialist Doctors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Specialist Doctors Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance and Federal funding for Medicare and Medicaid in the Specialist Doctors industry impact industry performance..

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    What's in this report

    What is the Specialist Doctors Industry?

    A specialist doctor is a physician whose practice is limited to a particular branch of medicine or surgery. This industry includes establishments 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.

    Industry Products
  • Obstetrics and gynecology
  • Anesthesiology
  • Psychiatry
  • General surgery
  • Emergency medicine
  • Radiology and diagnostic medicine
  • Industry Activities
  • Providing internal medicine services
  • Providing emergency medicine services
  • Providing radiology and diagnostic medicine services
  • Providing anesthesiology services
  • Operating doctor of medicine (except mental health) offices
  • Operating surgical (except dental) offices
  • Operating doctor of osteopathy and mental health offices
  • Operating mental health physician offices
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Per capita disposable income
  • Regulation for the Specialist Doctors industry

  • Current Performance
  • Demographic trends underscore strong physician demand
  • Lured by higher wages, more physicians enter specialty care
  • Multispecialty practices on the rise
  • Healthcare reform and regulatory uncertainty
  • Chart: Revenue Growth

  • Industry Outlook
  • Consolidation and rising investment
  • Technology reshapes industry
  • Demographic trends underscore strong physician demand
  • Table: Specialist Doctors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Specialist Doctors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Welfare Funds
  • Primary Care Doctors
  • Optometrists
  • Physical Therapists
  • Home Care Providers
  • Hospitals
  • Psychiatric Hospitals
  • Nursing Care Facilities

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Diagnostic & Medical Laboratories
  • Generic Pharmaceutical Manufacturing
  • Glasses & Contact Lens Manufacturing
  • Hospitals
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling

  • Products & Services
  • Other
  • Obstetrics and gynecology
  • Anesthesiology
  • Emergency medicine
  • Psychiatry
  • Radiology and diagnostic medicine
  • General surgery
  • Chart: Specialist Doctors Industry Products and Services Segmentation

  • Demand Determinants
  • Health trends
  • Demographics
  • Technological developments

  • Major Markets
  • People aged 45 to 64
  • People aged 65 and older
  • People aged 18 to 44
  • People aged 17 and younger
  • Chart: Major Market Segmentation for the Specialist Doctors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Specialist Doctors

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Specialist Doctors 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 Specialist Doctors 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 Specialist Doctors Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total health expenditure (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A medical specialty dealing with disorders of the heart and blood vessels.
  • Comorbidities
  • Medical problems that coexist with the diagnosis of a separate, primary medical issue such as obesity.
  • Endocrinologists
  • Medical specialists who deal with disorders of the endocrine system and its specific secretions, called hormones.
  • Ophthalmology
  • A medical specialty that deals with the diseases and surgery of the visual pathways, including the eye, brain, and areas surrounding the eye, such as the lacrimal system and eyelids.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Specialist Doctors Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Specialist Doctors industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Specialist Doctors:
    • 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 Specialist Doctors 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 Specialist Doctors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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