Alternative Healthcare Providers in the US - Industry Market Research Report

Alternative Healthcare Providers in the US - Industry Market Research Report

Alternative Healthcare Providers in the US

Consumer interest in the Alternative Healthcare Providers industry is growing, alongside rising per capita disposable income and an increasingly health-conscious population. Demand for alternative care hinges on the perceived benefits and efficacy of certain medical practices, as patients are less likely to cut spending on healthcare than they are to reduce spending on discretionary goods. Moreover, as the number of people with disabilities grows, more insurance companies and employers are recognizing the benefit of covering alternative healthcare. Revenue grew at a CAGR of 1.6% to $31.8 billion over the past five years, despite a decline of 0.4% in 2023.

This industry provides health services that are not classified in any other industry, such as meditation, yoga or massage. The practitioners in this industry operate private or group practices in their own offices or in the facilities of others, such as hospitals, medical centers or patient homes. This industry does not include chiropractors; mental health specialists; physical, occupational and speech therapists; audiologists; or podiatrists.

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.