Rising incomes and broader insurance coverage have facilitated access to dermatology practices in recent years, supporting robust practice growth. While COVID-19 disrupted growth as patient volumes fell in 2020, a jump in healthcare spending and pent-up demand post-COVID offset the decline. Still, the pandemic has had more lasting effects on dermatology practices. COVID-19 has caused more practices to adopt teledermatology while rising operating costs have accelerated consolidation activity. Revenue has expanded at a CAGR of 1.0% to $8.7 billion over the past five years. A slowdown in total healthcare spending and recession concerns will decelerate growth to 0.5% in 2023.Healing treatment: The advantages of group practices will become more necessary as healthcare costs rise
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 such as Botox. Plastic surgeons, however, are not included in this industry.
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.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
- JARGON & GLOSSARY
Methodology
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