Navigation Links
Smooth Moves: Occupational Therapists in the US Industry Market Research Report Now Available from IBISWorld
Date:4/3/2013

Los Angeles, CA (PRWEB) April 03, 2013

The Occupational Therapists industry has grown over the past five years due to steady demand from an aging population because older individuals are more likely to develop chronic conditions, such as back and joint pain. As a result, occupational therapy has been increasingly required to help these individuals return to work. Further, “growth in funding for Medicare and Medicaid has helped individuals pay for occupational therapy, thereby improving downstream demand,” says IBISWorld industry analyst David Yang. “Therapy services are also a cheaper alternative to medical surgeries, which helped demand during the recession.” In the five years to 2013, industry revenue grew an estimated 4.5% per year on average to $14.8 billion.

Over the past five years, Medicare and Medicaid administrators and private insurance providers have turned to occupational therapy as a low-cost alternative to traditional medical care. Occupational therapy can provide early detection for health problems, thereby lowering long-term healthcare costs. To meet growing demand, the number of enterprises in the Occupational Therapists industry has increased at an annualized rate of 1.3% over the past five years. “Although demand has increased, industry operators also faced pressures on profitability,” Yang says. “Medicare has set reimbursement caps on therapy services, which limits some patients' ability to pay for industry services. Additionally, therapists have faced a growing number of malpractice suits.” In response, companies implemented cost-cutting measures, such as consolidating services and hiring assistants with lower wages, to help bolster profitability.

The aging population will provide sustained demand for industry services; however, industry operators are expected to continue facing further pressure on profitability from continued malpractice suites and reimbursement caps. Despite pressures on profit, strong demand will provide an incentive for more firms to enter this industry. Currently, the Occupational Therapists industry has a low level of market share concentration. The industry is highly fragmented, comprised of nonprofits, small community-based volunteer organizations and large national corporate chains. Major companies include Kindred Healthcare Inc., Select Medical Holdings Corp. and Concentra Inc. For more information, visit IBISWorld’s Occupational Therapists in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry includes independent health practitioners who help individuals with physical, mental or developmental conditions with daily living and working through everyday activities (occupations). More specifically, occupational therapy includes: helping children with disabilities to participate fully in school and social situations; helping individuals recovering from injury to regain skills; and providing support for individuals experiencing physical and cognitive changes.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/4/prweb10595668.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Smooth Skin Systems announces Refresh Me™ Vitamin K Under Eye Cream
2. Simple Tips for Smoother Shaving
3. Top Audiologist in Norfolk VA, Virginia Hearing Consultants, Announces New Prevention and Occupational Hearing Information
4. Rehabilitation Continuing Education Provider HomeCEUConnection.com Qualifies to Offer Interactive Continuing Education For Florida Occupational Therapists
5. QuickMedical Launches Fabrication Enterprises Physical Therapy/Occupational Therapy Products
6. New policy brief examines impact of occupational injuries and illnesses among low-wage workers
7. Most occupational injury and illness costs are paid by the government and private payers
8. TherapySites Offers Effective Online Marketing Tips to Help Therapists Grow Their Practice
9. TherapySites (Websites for Therapists) Announces Partnership with BehavioralHealthCE to Offer Website Marketing for Therapists
10. Online Program developed by Professional Nutrition Therapists Offers Hope to Millions for Getting Blood Sugars under Control Right from the Comfort of Home
11. TherapySites (Websites for Therapists) Announces Partnership with California Society for Clinical Social Work to Offer Website Marketing for Social Workers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2017)... ... March 27, 2017 , ... Mt. Angel Vitamins, a 5-year-old ... rebranding effort. This includes the introduction of new packaging and messaging, as well ... we learned that a simple, proactive approach to wellness is important to vitamin ...
(Date:3/27/2017)... RICHEY, Fla. (PRWEB) , ... March 27, 2017 ... ... drug overdose deaths soared 167%,(1) with opioids alone responsible for over 33,000 of ... Kevin McCarty has sponsored Assembly Bill (AB) 1512, which proposes a tax on ...
(Date:3/26/2017)... Ohio (PRWEB) , ... March 26, 2017 , ... ... doctors worldwide to receive the RealSelf 100 Award, a prestigious award honoring the ... cosmetic procedures and to find and connect with doctors and clinics. , In ...
(Date:3/24/2017)... ... 2017 , ... Clean Earth, Inc., a leader in providing ... materials announced today the acquisition of privately owned AERC Recycling Solutions ... facilities and a vast array of additional technologies, services, and new markets to ...
(Date:3/24/2017)... ... 24, 2017 , ... Infectious disease affects billions of people ... States, it’s a threat that is constantly changing and evolving. Mediaplanet's “Fighting Infection” ... strategies for the healthcare community to help decrease the number of completely preventable ...
Breaking Medicine News(10 mins):
(Date:3/27/2017)... -- Twist Bioscience, a company accelerating science and innovation through ... an additional $33 million. To date, Twist Bioscience has ... "It is an exciting time to be leading Twist ... deliver industry-leading gene volume to our customers, enabling innovative ... Ph.D., CEO of Twist Bioscience. "We welcome the additional ...
(Date:3/27/2017)... Texas , March 27, 2017   Genprex, Inc. , ... that Julien Pham , MD, the Company,s Chief Operating Officer, ... investor conferences. Sachs 5th Annual Cancer BioPartnering & ... New York, NY ... BioCentury 24th Annual Future Leaders in ...
(Date:3/24/2017)... PORTLAND, Oregon and PUNE, India , March 24, 2017 ... in 2015, and is estimated to reach $2,614 million by 2022, Globally, registering a ... expected to generate the highest revenue, and is projected to dominate the market during ... ... Allied Market Research Logo ...
Breaking Medicine Technology: