In good hands: As disposable income rises, industry demand is expected to grow

The Specialist Doctors industry in Massachusetts includes physicians whose practices are limited to a particular branch of medicine or surgery. Over the five years to 2018, the industry grew at a healthy pace, with revenue projected to rise at an annualized rate of 3.2% to $7.8 billion. In 2018, revenue is forecast to increase 2.7% alone. Growth in the industry was driven by high healthcare spending in Massachusetts, high median incomes and an aging state population. In response, industry employment is projected to rise 1.8% to 35,754 employees over the five years to 2018. However, given healthcare reform’s emphasis on primary care, reimbursements under Medicaid and Medicare have moved away from specialty services, negatively affecting industry enterprise growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
3.2%
Forecast Growth 18-23
Profit
Employment
35,754
Businesses
5,355

Industry Threats & Opportunities

  • Growth in the industry was driven by high healthcare spending in Massachusetts, higher incomes and an aging state population
  • Additional Insights for the Specialist Doctors in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Specialist Doctors in Massachusetts 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 Federal funding for Medicare and Medicaid and Number of adults aged 65 and older in Massachusetts in the Specialist Doctors in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Specialist Doctors in Massachusetts 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 primary care physicians.

    Industry Products
  • Obstetrics and gynecology
  • Anesthesiology
  • Psychiatry
  • General surgery
  • Emergency medicine
  • Radiology and diagnostic medicine
  • Cardiovascular Disease
  • All other
  • 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
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older in Massachusetts
  • Number of people with private health insurance in Massachusetts
  • Regulation for the Specialist Doctors industry

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Specialist Doctors in Massachusetts 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
  • All other
  • Psychiatry
  • Anesthesiology
  • Emergency medicine
  • Obstetrics and gynecology
  • Radiology and diagnostic medicine
  • Cardiovascular Disease
  • General surgery
  • Chart: Specialist Doctors in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Patients aged 65 and older
  • Patients under 18 years old
  • Patients aged 18-64
  • Chart: Major Market Segmentation for the Specialist Doctors in Massachusetts Industry

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

  • Basis of Competition
    Barriers to Entry
    Massachusetts General Hospital, Beth Israel Deaconess Medical Center, Brigham and Women’s Hospital, Physician-hospital organization,
  • Table: Massachusetts General Hospital - financial performance
  • Table: Beth Israel Deaconess Medical Center - financial performance
  • Table: Brigham and Women’s Hospital - financial performance
  • Table: Physician-hospital organization - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Specialist Doctors in Massachusetts 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 in Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Federal funding for Medicare and Medicaid (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cardiology
  • 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?

    The Specialist Doctors in Massachusetts Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

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

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