Practitioners in this industry diagnose and treat diseases and deformities of the foot. No major companies dominate the industry.
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.
Products, Operations & Technology
Major areas of treatment include musculoskeletal and connective tissue problems (about 35% of industry revenue), skin issues (20%), and infectious and parasitic diseases (10%). Other areas include endocrine and nutritional issues, resale of orthopedic equipment, and circulatory problems (each of which accounts for about 5% of industry revenue).