Specialist Doctors in the US - Industry Market Research Report

Specialist Doctors in the US - Industry Market Research Report

Specialist Doctors in the US

Specialist doctors are physicians whose practice is limited to a particular branch of medicine or surgery. Overall, specialty practices have benefited from rising total health expenditure, increased demand from an aging population and improving access to health insurance due to recent reforms. Industry operators had to cancel or delay elective procedures due to the COVID-19 pandemic, which tend to account for the bulk of revenue. Due to the specialized nature of industry services, it has been more difficult for industry operators to adopt telehealth in comparison to primary care doctors. As the economy moved beyond the COVID-19 pandemic, industry revenue has been growing at a CAGR of 1.4% to $352.5 billion over the past five years, despite a projected 2.7% decrease in 2023.

A specialist doctor is a physician whose practice is limited to a particular branch of medicine or surgery. This industry includes enterprises 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 physicians who work in internal, family and pediatric medicine.

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.