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.
Increased demand for dermatologists is being driven by rising occurrences of skin conditions such as acne, atopic dermatitis, psoriasis, rosacea, and skin cancer. Meanwhile, aging populations in developed nations and expanding middle-class populations in developing economies are driving an increase in spending on health care, including dermatology services.
About 12,000 dermatologists practice in the US, according to the Association of American Medical Colleges.
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
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms