Overview

Steady pulse: Demand from seniors and increased healthcare coverage will support industry growth

IBISWorld’s industry research report on Cardiologists 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
$40bn
Annual Growth
11-16
1.8%
Annual Growth
16-21
Profit
Employment
212,609
Business
99,888

Industry Threats & Opportunities

  • Healthcare reform has expanded the pool of clients able to take advantage of services
  • The industry has benefited from substantial growth in the number of insured Americans
  • Changing US demographics will drive the use of physician services

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    Industry Analysis & Industry Trends

    Driven by an aging population and an increased rate of obesity, revenue, employment and wages in the Cardiologists industry have grown over the past five years. Having contended with relatively slow growth during the recession as potential patients lost access to health coverage, the expansion of private health insurance under the 2010 federal healthcare overhaul has propelled the industry's fastest growth in over a decade. Improving economic conditions through 2019 are expected to underpin steady growth for cardiologists, though profit pressures will encourage consolidation in the industry. Despite the benefits received from health reform, however, continued unpredictability in Medicare and Medicaid reimbursement rates will pose a challenge to doctors in the industry...

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    Industry Report - Industry Products Chapter

    This industry's revenue can be broken down as it is generated by invasive and noninvasive procedures, which are performed by cardiologists who specialize in these respective procedures.

    Invasive cardiology

    Invasive cardiologists are not surgeons, but they perform sterile procedures and tests that require entry into the patient's body. Invasive cardiology has grown as a share of cardiologists' revenue over the past five years because Medicare has not targeted it for cuts to the extent the program has cut reimbursements for noninvasive cardiology. Technological advancements have also helped this segment grow. Invasive procedures represent 65.1% of industry revenue in 2016. By comparison, this segment accounted for an estimated 63.0% of industry revenue in 2011.

    ..

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    Additional Insights for the Cardiologists Industry

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

  • Access to highly skilled workforce
  • Proximity to key markets
  • Ability to quickly adopt new technology
  • 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 Cardiologists industry impact industry performance..

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    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
  • Number of people with private health insurance
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Regulation
  • Per capita disposable income

  • Current Performance
  • Demographic influences
  • Healthcare reform
  • Multispecialist practices
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging demographics
  • Healthcare reform
  • Consolidation and profit
  • Table: Cardiologists Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Health & Welfare Funds
  • Primary Care Doctors
  • Hospitals
  • Nursing Care Facilities

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

  • Products & Services
  • Invasive cardiology
  • Noninvasive cardiology
  • Chart: Cardiologists Industry Products and Services Segmentation

  • Demand Determinants
  • Demographics and health trends
  • Ability to pay for services

  • Major Markets
  • Men over 80
  • Men age 60 to 79
  • Women over 80
  • Women age 60 to 79
  • Men age 40 to 59
  • Women age 40 to 59
  • Men and women under 20
  • Men and women age 20 to 39
  • Chart: Major Market Segmentation for the Cardiologists Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchases and depreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Cardiologists

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cardiologists Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Cardiologists 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 Cardiologists Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Federal funding for Medicare and Medicaid (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Cardiac Catheterization
  • Passing a thin flexible tube into the heart to collect blood samples, measure pressure and blood flow in heart chambers and arteries, measure oxygen in the heart and perform biopsies on heart muscle
  • Echocardiogram
  • A medical procedure that uses an ultrasound to detect the cause of various heart conditions including murmurs, enlargement, pain or shortness of breath
  • Electrocardiogram (Ekg)
  • A medical procedure that translates the heart's electrical activity into line tracings
  • 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 Cardiologists:
    • 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 Cardiologists 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 Cardiologists, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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