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Specialist Doctors in the US - Industry Market Research Report

  • May 2017
  • 42 pages
  • Ibisworld
Report ID: 198584

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

Specialist Doctors in the US

In recent years, the Specialist Doctors industry benefited from a rise in demand due to an aging population and the growing prevalence of chronic diseases. Moreover, improving access to healthcare insurance as a result of the Patient Protection and Affordable Care Act (PPACA) supported revenue growth. 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. While key growth drivers, including income levels and private health insurance rates, are forecast to improve over the next five years, profit growth is expected to stagnate over the period as specialist doctors bear the brunt of the PPACA's cost-cutting reforms. Nonetheless, demand for industry services will remain strong as a result of positive demographic changes and rising access to healthcare coverage, both private and public.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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