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Specialist Doctors in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Specialist Doctors Market Research Report | NAICS 62111b | May 2016

Healthy diagnosis: Increasing access to healthcare coverage will improve industry revenue

IBISWorld’s Specialist Doctors market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$252bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
1,466,837
Businesses
264,139
Industry Threats & Opportunities
  • Positive demographic changes and rising access to healthcare coverage will keep industry demand strong
  • Federal budget shortfalls have pressured Medicare reimbursement for most specialty procedures
  • Changes to health coverage may hamper demand for specialist physician services
  • ... purchase to read more

Industry Analysis & Industry Trends

In recent years, the Specialist Doctors industry benefited from a rise in demand for its services, due to an aging population and the growing prevalence of chronic diseases. Moreover, industry growth was aided by improving access to healthcare insurance as a result of the Patient Protection and Affordable Care Act (PPACA). As a result, industry revenue is projected to grow over the five years to 2016, as healthcare reform enters its third year of full implementation. However, the effects of healthcare reform have ultimately proven to be mixed for the industry. With its emphasis on primary care, the PPACA has begun to move reimbursement under Medicare and Medicaid away from the traditional fee-for-service model... ... purchase to read more

Industry Report - Industry Locations Chapter

A number of factors affect the distribution of specialist physicians, including the population size and economic development of a region, the regions' professional climate and the extent of social amenities in the region. According to the American Medical Association (AMA), the Mid-Atlantic states have the highest physician-to-population ratio and the Great Lakes and Plains states have the lowest.

Physicians tend to cluster in urban areas, close to hospitals and education centers. AMA data shows that about 75.0% of physicians operate in metropolitan areas, while the remaining 25.0% are located in rural areas. Sin.. ... 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 primary care physicians or mental health specialists.

    Industry Products
    Obstetrics and gynecologyAnesthesiologyPsychiatryGeneral surgeryEmergency medicineRadiology and diagnostic medicine
     
    Industry Activities
    Providing internal medicine servicesProviding pediatrics servicesProviding obstetrics and gynecology servicesProviding anesthesiology servicesOperating doctor of medicine (except mental health) offices Operating surgical (except dental) officesOperating doctor of osteopathy and mental health officesOperating mental health physician offices


    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
  • Per capita disposable income
  • Regulation for the Specialist Doctors industry
  • Current Performance
  • Demographic trends underscore strong physician demand
  • Lured by high wages, more physicians enter specialty care
  • Healthcare reform defines industry changes
  • Multispecialist practices on the rise
  • Profit margins pressured, but high
  • Chart: Revenue Growth
  • Industry Outlook
  • Demographic trends underscore strong physician demand
  • Lured by high wages, more physicians enter specialty care
  • Table: Specialist Doctors Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Specialist Doctors Industry Lifecycle vs The Economy
  • Products & Markets
    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
  • Psychiatry
  • Obstetrics and gynecology
  • Anesthesiology
  • Emergency medicine
  • 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 18 to 44
  • People aged 65 and older
  • People aged 17 and younger
  • Chart: Major Market Segmentation for the Specialist Doctors Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Specialist Doctors
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Specialist Doctors Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Specialist Doctors 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
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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.

  • 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 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 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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