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Sports Medicine Practitioners in the US Industry Market Research Report Now Available from IBISWorld
Date:9/11/2013

Los Angeles, CA (PRWEB) September 11, 2013

Perceived as a luxury service for elite athletes in the past, sports medicine has gained wide public acceptance and has become more accessible to most Americans in recent years. Sports medicine is a special branch of medicine that focuses on the diagnosis, treatment and prevention of injuries and illnesses resulting from sports, exercise or recreational activities. “Although the Sports Medicine Practitioners industry has been relatively resilient, even expanding during the recession, it was not completely shielded from the recession's effect on consumers,” says IBISWorld industry analyst Anna Son. “The recession resulted in widespread unemployment, which led to falling disposable income and, consequently, a drop in health insurance coverage.” Nevertheless, increased participation in sporting activities has underpinned demand for industry services, as the risk of injuries increases with greater participation in sports. During the five years to 2013, IBISWorld estimates that industry revenue will increase at an average annual rate of 2.8% to total $20.9 billion, including a 3.9% rise during 2013.

Over the past five years, sports medicine practitioners have implemented a number of profit-boosting techniques. “In order to combat mounting wage costs, industry operators have used more assistants and aides, whose wages make up a significantly smaller fraction of sports medicine practitioners' wages,” says Son. “Additionally, many practitioners have been combining services with other physicians to reduce the costs of delivering services and ease the effects of escalating competition.” As a result of these cost-saving measures, operating profit is expected to increase from about 8.8% of revenue in 2008 to an estimated 10.4% in 2013.


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