The Alternative Healthcare Providers industry in the US has experienced steady revenue growth over the past five years, with a Compound Annual Growth Rate (CAGR) of 1.6%. However, there was a slight decline of 0.4% in 2023. The industry report provides an in-depth analysis of the industry’s dimensions, scale, disposition, and growth trajectory. It also highlights the key factors influencing its performance and offers a five-year outlook for the industry, including growth rates and a detailed analysis of key industry participants and their market shares.
The growing interest in alternative healthcare services is driven by factors such as increasing per capita disposable income and a health-conscious population. Consumers perceive specific alternative medical practices as advantageous and effective, leading them to prioritize healthcare expenditures even during economic fluctuations. Additionally, the industry has benefited from the increasing recognition of the value of covering alternative healthcare services by insurance companies and employers, particularly for individuals with disabilities.
Alternative healthcare providers offer services that do not fall under the purview of traditional healthcare sectors. Examples include practices like meditation, yoga, and massage therapy. These providers operate private or group practices in various settings, including hospitals, medical centers, and even patient homes.
Key topics covered in the industry report include industry definition, main activities, similar industries, and additional resources. The report also provides an overview of industry performance, including key external drivers, current performance, industry outlook, and industry life cycle. It delves into the supply chain, products and services, demand determinants, major markets, international trade, and business locations.
The competitive landscape section of the report explores market share concentration, key success factors, cost structure benchmarks, basis of competition, barriers to entry, and industry globalization. It also examines factors such as capital intensity, technology and systems, revenue volatility, regulation and policy, and industry assistance.
Overall, the Alternative Healthcare Providers industry in the US is poised for continued growth as consumer interest and demand for alternative healthcare services increase. With a diverse range of practices and settings, this industry caters to the needs of individuals seeking alternative healthcare options.