Alternative Healthcare Providers in the US
Consumer interest in the Alternative Healthcare Providers industry is growing, alongside rising per capita disposable income and an increasingly health-conscious population. Demand for alternative care hinges on the perceived benefits and efficacy of certain medical practices, as patients are less likely to cut spending on healthcare than they are to reduce spending on more discretionary goods. Moreover, as the number of people with disabilities increases in the United States, more insurance companies and employers are recognizing the benefit of covering alternative healthcare. Increasing acceptance of complementary and alternative medicine (CAM) therapies drove revenue growth for the industry. CAM approaches incorporate treatments that are not considered standard, but are used alongside traditional medical treatments (such as acupuncture or a specialized diet) to treat diseases. Demand for alternative healthcare is expected to rise over the next five years as a result of increasingly favorable attitudes toward industry services and favorable demographic trends.
This industry provides health services that are not classified in any other industry, such as meditation, yoga or massage. The practitioners in this industry operate private or group practices in their own offices or in the facilities of others, such as hospitals, medical centers or patient homes. This industry does not include chiropractors; mental health specialists; physical, occupational and speech therapists; audiologists; or podiatrists.
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.
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