First Research US Industry Profile

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Podiatrists
SIC Codes: 8043
NAICS Codes: 621391
Last Quarterly Update: 3/11/2019
Practitioners in this industry diagnose and treat diseases and deformities of the foot. No major companies dominate the industry.
Podiatrists have an organized presence in more than 40 countries, including nations in the Americas, Europe, and the Asia/Pacific region, according to the International Federation of Podiatrists (IFP).
The US industry includes about 8,000 podiatry clinics that generate about $4.4 billion in annual revenue.
Competitive Landscape
Demand for podiatry services is driven by population growth and demographics. Profitability depends on patient volume, insurance reimbursement, reputation, and operational efficiency. Large practices enjoy economies of scale related to administrative costs and purchasing diagnostic equipment. Small practices can compete effectively by providing good customer service and by operating from convenient locations.
The industry is highly fragmented: the top 50 firms account for less than 10% of industry revenue. Historically, solo practice has been the norm for podiatrists. However, more group practices are emerging, often with other specialists as part of the practice group. Podiatrists are also employed by hospitals, health departments, and nursing homes.
Products, Operations & Technology
Major areas of treatment include musculoskeletal and connective tissue problems (about 35% of industry revenue), skin issues (20%), and infectious and ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

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