Dermatologists Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/28/2017
SIC Codes: 8011
NAICS Codes: 621111
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Dermatologists Industry Profile

Companies in this industry primarily engage in the medical practice of treating conditions of the skin, hair, and nails. No major companies dominate the industry. Dermatologists may work in group practices or as solo practitioners; some work for hospitals, medical schools, or outpatient facilities.

The global dermatology market is forecast to grow from $20 billion in 2015 to $33.7 billion by 2022, according to GBI Research. Increased demand for dermatologists is being driven by rising occurrences of skin cancers such as melanoma, as well as aging populations in developed nations and expanding middle-class populations in developing economies.

About 11,700 dermatologists practice their specialty in the US.

COMPETITIVE LANDSCAPE

Demand for dermatologists is driven by demographics and population growth. The profitability of dermatology practices depends on consumer spending trends and insurance reimbursement decisions. Large practices may be able to leverage the costs of administrative staff and equipment. Small practices compete by providing personalized patient experiences and specialized services.

Dermatologists may compete with primary care physicians who can perform common skin-related procedures such as mole checks. Dermatology practices that provide cosmetic products and services such as Botox, micro-dermabrasion, and high-end skin creams may also compete with beauty spas and plastic surgeons.

PRODUCTS, OPERATIONS & TECHNOLOGY

Dermatologists diagnose disorders of the skin, hair, and nails; oversee and perform surgeries and cosmetic treatments; and aid in the formulation of pharmaceutical and cosmetic products. General dermatology treatment accounts for about 60% ...

 
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