OBGYNs Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 1/17/2022
SIC Codes: 8011
NAICS Codes: 621111
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from OBGYNs Industry Profile

Physicians in this industry provide pre-, post-, and perinatal care, deliver infants, and treat health issues specific to women. The industry has no dominant companies. Women in many developing nations have limited access to effective contraception, emergency obstetric care (including cesarean section procedures), and safe abortion facilities. Worldwide, about 220 million women are not using safe and effective family planning methods due to lack of access to information or services and lack of support from their communities and partners, according to the United Nations Population Fund (UNPF).

In the US, there are about 25,000 physicians that specialize in obstetrics and gynecology (OB/GYN), according to Zippia.

COMPETITIVE LANDSCAPE

Demand is driven by population growth and private insurance and government health care policies. In private practices, profitability depends on insurance participation and reimbursements, patient volume, and administrative efficiency. In hospitals and outpatient clinics, profitability largely depends on reputation and geographic location. OB/GYNs practicing in large groups enjoy economies of scale in hiring support staff and purchasing medical equipment. Smaller practices can compete effectively by developing strong referral networks. OB/GYNs may compete with general practitioners, laborist physicians, or midwives in some markets. Some rural and low-income regions are experiencing a shortage of OB/GYNs.

PRODUCTS, OPERATIONS & TECHNOLOGY

Services consist primarily of patient care and lab tests; some practitioners also engage in selling supplies. OB/GYNs prevent, diagnose, and treat diseases and disorders of the female reproductive system, counsel patients in family ...

 
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