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2024 U.S. Industry Statistics & Market Forecast - Offices of Other Health Practitioners
Market Size & Industry Statistics
The total U.S. industry market size for Offices of Other Health Practitioners:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Offices of Other Health Practitioners industry include:- Rising demand for personalized and patient-centered care
- Integration of telehealth and remote consultation services
- Increasing use of advanced technology for diagnostics and treatment planning
- Expansion of services to include holistic and alternative therapies
- Growing importance of interdisciplinary collaboration
- Heightened focus on preventive care and wellness programs
- Adoption of electronic health records and data analytics for improved patient management
- Regulatory changes affecting scope of practice and reimbursement policies
- Demographic shifts with an aging population requiring more health services
- Emphasis on mental health and its integration into primary health care services
- Impact of health and wellness trends on practitioner offerings
- Increased consumer health awareness and demand for non-invasive treatments
- Insurance and healthcare policy reforms affecting billing and profitability
- Challenges and opportunities from healthcare staffing shortages
- Enhanced importance of continual professional development and certifications
Product & Services Breakdown
Research products and services in the Offices of Other Health Practitioners industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis |
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Patient Care - Infectious And Parasitic Diseases (Icd-9 Codes 001-139) |
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Patient Care - Neoplasms (Tumors) (Icd-9 Codes 140-239) |
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Patient Care - Endocrine, Nutritional And Metabolic Diseases, And Immunity Disorders (Icd-9 Codes 240-279) |
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Patient Care - Mental Disorders (Icd-9 Codes 290-319) |
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Patient Care - Diseases Of The Nervous System And Sense Organs (Icd-9 Codes 320-389) |
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Patient Care - Diseases Of The Circulatory System (Icd-9 Codes 390-459) |
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Patient Care - Diseases Of The Respiratory System (Icd-9 Codes 460-519) |
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Patient Care - Diseases Of The Digestive System (Icd-9 Codes 520-579) |
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Patient Care - Diseases Of The Genitourinary System (Reproductive And Urinary System Organs) (Icd-9 Codes 580-629) |
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Patient Care - Complications Of Pregnancy, Childbirth, And The Puerperium (Icd-9 Codes 630-679) |
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Patient Care - Diseases Of The Skin And Subcutaneous Tissue (Icd-9 Codes 680-709) |
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Patient Care - Diseases Of The Musculoskeletal System And Connective Tissue (Icd-9 Codes 710-739) |
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Patient Care - Congenital (Present At Birth) Anomalies (Icd-9 Codes 740-759) |
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Patient Care - Certain Conditions Originating In The Perinatal Period (Infant) (Icd-9 Codes 760-779) |
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Patient Care - Symptoms, Signs, And Ill-Defined Conditions (Icd-9 Codes 780-799) |
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Patient Care - Injury And Poisoning (Icd-9 Codes 800-999) |
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Patient Care - Supplementary Classification Of Factors Influencing Health Status And Contact With Health Services (Icd-9 Codes V |
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Patient Care - Supplementary Classification Of External Causes Of Injury And Poisoning (Icd-9 Codes E800-E999) |
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Patient Care - All Other Patient Care |
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Rental Or Lease Of Goods And/Or Equipment |
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Rental Or Lease Of - Medical Equipment |
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Rental Or Lease Of - All Other Goods And/Or Equipment |
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Resale Of Merchandise |
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Resale Of - Hearing Aids |
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Resale Of - Optical Goods |
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Resale Of - Orthopedic Appliances |
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Resale Of - All Other Merchandise |
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All Other Resale Of Medical Equipment And Supplies |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Offices of Other Health Practitioners company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Offices of Other Health Practitioners industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Offices of Other Health Practitioners measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Life, Physical, and Social Science Occupations | 15% | |||
| Social Scientists and Related Workers | 15% | |||
| Psychologists | 15% | |||
| Clinical and Counseling Psychologists | 14% | |||
| Community and Social Service Occupations | 10% | |||
| Counselors, Social Workers, and Other Community and Social Service Specialists | 10% | |||
| Counselors | 8% | |||
| Marriage and Family Therapists | 9% | |||
| Substance Abuse, Behavioral Disorder, and Mental Health Counselors | 23% | |||
| Social Workers | 7% | |||
| Mental Health and Substance Abuse Social Workers | 5% | |||
| Healthcare Practitioners and Technical Occupations | 36% | |||
| Healthcare Diagnosing or Treating Practitioners | 28% | |||
| Chiropractors | 24% | |||
| Chiropractors | 24% | |||
| Optometrists | 16% | |||
| Optometrists | 16% | |||
| Therapists | 16% | |||
| Occupational Therapists | 9% | |||
| Physical Therapists | 8% | |||
| Speech-Language Pathologists | 9% | |||
| Registered Nurses | 6% | |||
| Registered Nurses | 6% | |||
| Health Technologists and Technicians | 8% | |||
| Health Practitioner Support Technologists and Technicians | 12% | |||
| Psychiatric Technicians | 7% | |||
| Ophthalmic Medical Technicians | 12% | |||
| Opticians, Dispensing | 21% | |||
| Opticians, Dispensing | 21% | |||
| Healthcare Support Occupations | 19% | |||
| Occupational Therapy and Physical Therapist Assistants and Aides | 9% | |||
| Physical Therapist Assistants and Aides | 7% | |||
| Physical Therapist Assistants | 10% | |||
| Physical Therapist Aides | 6% | |||
| Other Healthcare Support Occupations | 9% | |||
| Massage Therapists | 7% | |||
| Massage Therapists | 7% | |||
| Miscellaneous Healthcare Support Occupations | 7% | |||
| Medical Assistants | 6% | |||
| Office and Administrative Support Occupations | 24% | |||
| Information and Record Clerks | 7% | |||
| Receptionists and Information Clerks | 6% | |||
| Receptionists and Information Clerks | 6% | |||
| Secretaries and Administrative Assistants | 7% | |||
| Secretaries and Administrative Assistants | 7% | |||
| Medical Secretaries and Administrative Assistants | 8% | |||
| Other Office and Administrative Support Workers | 8% | |||
| Office Clerks, General | 8% | |||
| Office Clerks, General | 8% | |||
Offices of Other Health Practitioners Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Offices of Other Health Practitioners industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Offices of Other Health Practitioners industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Offices of Other Health Practitioners industry. |
Source:
Innovation News
- Jun 13, 2024: Radiology Partners Matrix PLLC patents Selecting Analysis Algorithms To Use To Generate Medical Findings For Medical Images
- May 29, 2024: Inhome Therapy raises $12 million in funding.
- May 23, 2024: Medimpact Healthcare Systems patents Multi-platform Prescription Routing System
- May 23, 2024: Medimpact Healthcare Systems patents Pharmaceutical Claim Network Routing System
- May 20, 2024: Expressable raises $28 million in funding.
- Feb 29, 2024: Elemeno Health raises $5 million in funding.
- Jan 30, 2024: Audigy Group trademarks "HEARINGLOSS.COM" - Advertising and marketing services
- Jan 26, 2024: Even Health trademarks "CABANA" - Platform as a service (PAAS) featuring computer software platforms for individual and group health and wellbeing
- Jan 18, 2024: West Texas Counseling & Guidance trademarks "WEST TEXAS COUNSELING & GUIDANCE" - Clinical mental health counseling services; Medical counseling relating to stress; Mental health counseling and psychotherapy as it relates to relationships; Providing information in the field of psychological counseling and treatment; Providing wellness services
Recent Federal Contracts for Offices of Other Health Practitioners
- Apr 02, 2024: WARE RIVER CONSULTING LLC (Ware Neck, VA) awarded $231,250
- Apr 02, 2024: CHLOETA FIRE, LLC (Oklahoma City, OK) awarded $110,745
- Apr 01, 2024: NEW MEXICO EDUCATION CONTINUUM LTD. CO (Albuquerque, NM) awarded $21,695
- Apr 01, 2024: MAGELLAN HEALTHCARE INC (Columbia, MD) awarded $5,952,630
- Apr 01, 2024: ASPIRE THERAPY SERVICES & CONSULTANTS INC (San Antonio, TX) awarded $318,219
- Apr 01, 2024: BAY AREA ANESTHESIA LLC (Gilbert, AZ) awarded $291,200
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