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          1. Cardiologists Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 9/14/2020
            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 Cardiologists Industry Profile

            Companies in this industry are engaged in diagnosing and treating disorders of the heart and blood vessels, which make up the cardiovascular system. Cardiologists operate through office-based private practices, health care organizations, and hospitals, as well as academic, government, or research institutions. Leading institutions for cardiology and heart surgery include The Cleveland Clinic and the Mayo Clinic, both based in the US, along with India's Narayana Health, Singapore's Gleneagles Hospital (part of Parkway Holdings), and Thailand's Bangkok Hospital.

            Cardiovascular disease (CVD) is the leading cause of death globally, according to the World Health Organization. About three-fourths of CVD deaths occur in low- and middle-income countries.

            About 52,000 cardiologists and cardiovascular specialists practice in the US, according to the American College of Cardiology.

            COMPETITIVE LANDSCAPE

            Along with other physicians, cardiologists face pressure from government payers and insurers to lower costs while improving quality of care. The profitability of individual practices depends on the reputation, cost, operational efficiencies, and expertise of doctors and staff. Large practices have advantages in leveraging administrative processes and expensive diagnostic equipment and are more likely to accept Medicare and Medicaid than smaller practices. Small practices can compete effectively by providing good customer service. Demand for cardiology services is driven by the rate of cardiovascular disease (which is related to demographics and the obesity rate), as well as the availability of health insurance coverage.

            Cardiologists may face competition from general practitioners ...

             
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