Growing focus on preventative care services and nutrition will strengthen demands
New York, NY (PRWEB) September 30, 2014
As the United States has experienced a crisis in health over the past decade, with a critical obesity problem, skyrocketing levels of diabetes, heart disease and other chronic diseases, demand for the Nutritionists and Dietitians industry has increased and will continue to rise significantly. According to IBISWorld Industry Analyst Dmitry Diment, “Wellness maintenance and disease prevention have become some of the buzzwords circulating among people who are becoming increasingly concerned about what they eat and how it affects their health.” In addition, major multinational food companies are adopting public health priorities and hiring nutritionists and dietitians to identify food safety risks and include nutritional control points. As a result of these trends, IBISWorld estimates that industry revenue has grown significantly over the past five years.
However, because many view nutrition counseling as a luxury expense, demand for services is subject to changes in per capita disposable income and health coverage. As the economy went into the recession, unemployment rates skyrocketed and disposable income levels plummeted, resulting in fewer physician visits, which can lead to referrals to a dietitian or nutritionist. Consequently, industry revenue growth slowed through 2010. However, the economic recovery has since boosted demand for industry services. In 2014, revenue is expected to robustly increase with the establishment of health insurance exchanges and subsidization of insurance premiums under the Patient Protection and Affordable Care Act, which will help an estimated nine million people obtain private health insurance during the year.
The Nutritionists and Dietitians industry is characterized by its large number of small-scale establishments that service relatively narrow, geographically dispersed markets. Its four largest players account for a small minority of industry revenue. The fragmented structure of this industry is evident in the total number of private firms and independent wellness centers. Additionally, many participants employ fewer than five people. The larger-scale players in this industry are multi-establishment firms that operate across many regional markets and typically maintain permanent operations in each location.
The industry has a positive outlook given increasing emphasis on prevention through improved dietary habits. “Demand for industry services will further be spurred by a growing and aging population that increases demand for meals and nutrition counseling in nursing homes, schools, prisons, community health programs and home healthcare agencies,” says Diment. Growing focus on preventative care services and public interest in nutrition will also underpin demand. Higher income levels, higher education and aging trends will drive demand for quality and diversity over quantity. Industry operators will further benefit from healthcare reform that is expected to provide coverage to an estimated 32.0 million of previously uninsured people. During the five years to 2019, IBISWorld estimates industry revenue to grow markedly.
For more information, visit IBISWorld’s Nutritionists & Dietitians in the US industry report page.
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IBISWorld industry Report Key Topics
This industry includes establishments of health practitioners who have a bachelor's degree, licensure, certification or registration in, and primarily advise on, matters of diet and nutrition and their effects on health. These practitioners operate private or group practices in their own offices or in the facilities of others, including hospitals or other medical centers.
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