Skin deep: Demand for cosmetic treatment will fuel growth as discretionary spending recovers

The Dermatologists industry has increasingly expanded into cosmetic dermatology, with more dermatologists offering anti-aging procedures such as dermabrasion, laser treatments and Botox. These treatments have proven to be a high-growth sector for the industry and have contributed to the industry's consistently high profit margins. Over the next five years, industry revenue is expected to grow. Steadily falling unemployment and the continued implementation of healthcare reform will yield greater insurance coverage for Americans, increasing demand for dermatologist offices. The baby boomer generation especially will generate a large portion of demand, particularly for skin cancer screenings and anti-aging procedures...purchase to read more.

Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 11-16
2.3%
Forecast Growth 16-21
Profit
Employment
77,782
Businesses
11,321
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Heightened awareness of the risk of skin cancer has fueled growth in industry screenings and treatments
  • The increasing prevalence of melanoma has resulted in strong demand for dermatologists
  • Per capita disposable income growth will boost demand for cosmetic procedures
  • Industry Report - Industry Analysis Chapter

    Over the five years to 2016, the Dermatologists industry has benefited from a higher number of skin cancer diagnoses and increased demand for cosmetic procedures. The lingering negative effects of the recession on consumer disposable income and employment-linked health insurance limited industry growth in 2011 and 2012. Accordingly, revenue is expected to grow modestly over the five years to 2016, at an annualized rate of 2.3%. This relaxed growth, however, has spurred dermatologist offices to diversify their offerings and introduce new services at different price points in hopes of stabilizing revenue. As ...purchase to read more.

    Additional Insights for the Dermatologists Industry

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

  • Access to high 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 Per capita disposable income in the Dermatologists industry impact industry performance..

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    What's in this report

    What is the Dermatologists Industry?

    This industry includes health practitioners that specialize in diagnosing and treating diseases of the skin, scalp, hair and nails. Dermatologists may also offer cosmetic services like Botox. Plastic surgeons, however, are not included in this industry.

    Industry Products
  • General dermatology
  • Cosmetic dermatology
  • Mohs surgery
  • Dermatopathology
  • Other specialties
  • Industry Activities
  • Conducting skin examinations
  • Diagnosing and treat skin conditions
  • Performing incisional biopsies to diagnose abnormal skin conditions
  • Recommending diagnostic tests based on patients' histories and physical examination findings
  • Diagnosing prevalent diseases, eliminating possible serious diseases and coordinating other services when needed
  • 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
  • Per capita disposable income
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older

  • Current Performance
  • Skin conditions shape operations
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Sources of demand
  • Employment growth
  • Table: Dermatologists Industry Revenue Outlook

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

  • 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
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling

  • Products & Services
  • General dermatology
  • Cosmetic dermatology
  • Mohs surgery
  • Other specialties
  • Dermatopathology
  • Chart: Dermatologists Industry Products and Services Segmentation

  • Demand Determinants
  • Access
  • Health trends
  • Demographics

  • Major Markets
  • People aged 40 to 59
  • People aged 65 to 74
  • People aged 20 to 39
  • People aged 19 and younger
  • People aged 75 to 84
  • People aged 60 to 64
  • People aged 85 and older
  • Chart: Major Market Segmentation for the Dermatologists Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dermatologists 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 Dermatologists 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 Dermatologists 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
    Dermatopathology
  • The study and recognition of disease in the skin.
  • Lesion
  • An infected or diseased patch of skin.
  • Mohs Surgery
  • Also called Mohs micrographic surgery, is a precise surgical technique that is used to remove all parts of cancerous skin tumors, while preserving as much healthy tissue as possible.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Dermatologists 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 Dermatologists 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 Dermatologists:
    • 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 Dermatologists 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 Dermatologists, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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