Family Planning & Abortion Clinics in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: May 2024
NAICS 62141Revenue
$4.3bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
27,875
Businesses
1,773
Wages
$X.Xbn
Family Planning & Abortion Clinics in the US industry analysis
In recent years, clinics have navigated a historic demand shock and abrupt regulatory transformation. Rapid growth stopped in 2020, resulting from the economic fallout caused by COVID-19. Luckily, the negative impact was mitigated by robust government funding. In the few years following the pandemic, economic conditions improved. Growth in per capita disposable income and healthy corporate profit supported out-of-pocket and private insurance payments for pent-up demand. However, the landscape shifted once again in 2022 with the US Supreme Court's decision to overturn Roe v. Wade, impacting states with trigger laws banning abortion services.
Trends and Insights
- Rising wages have kept the lid on profit. The pre-pandemic trend of increasing wages has continued, driven by nationwide competition for healthcare provider.
- The impact of abortion regulations can hurt the bottom line for some clinics. Clinics that perform abortions and other services may lose clients, staff and revenue as bans go into effect.
- Regulations determine the availability and scope of clinic services. State laws and regulations concerning abortion will be a critical factor in some clinics' growth and location and potential entry rather than demographic factors like population share.
- Consumers and clinics agree that local services are better. However, changing regulatory environments and consumer preferences for local service consumption lead to a fragmented industry structure and low concentration.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $4.3bn in 2024.
Trends and Insights
The pandemic and the Dobb's decision were back to back shocks to clinic's demand
- According to the Center for Reproductive Rights, between 2021 and 2022, more than 23 states enacted highly restrictive bans on abortion procedures under a national health emergency guise, claiming abortion services as nonessential, elective procedures. The national unemployment rate spiked between 2019 and 2020, reducing the proportion of individuals with coverage under group plans and contributing to demand falloff.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Funding sources ebb and flow, but not restrict growth
- Federal funding for Medicare and Medicaid is expected to ramp up in the coming years, benefiting clinics' patronage. At the same time, the number of individuals with private health coverage is forecast to drop, hurting revenue.
Biggest companies in the Family Planning & Abortion Clinics in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Planned Parenthood Federation of America Inc. | 444.7 | 23.7 | 5.3 |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Contraceptive services, Other reproductive health services and Pregnancy termination services. Contraceptive services is the largest segment of the Family Planning & Abortion Clinics in the US.
Trends and Insights
Contraceptive services are in the highest demand
- Contraception services are categorized based on different treatment methods, including oral pills, injections, and hormone treatments. The oral contraceptive pill is a widely used method. However, demand for the service could decrease due to the introduction of the first daily over-the-counter oral contraceptive pill in the United States in March 2024. This is anticipated to reduce clinic visits in the future.
- More insights available in the full report
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Competitors
- There are no industries to display.
Complementors
- Primary Care Doctors in the US
- Specialist Doctors in the US
- Emergency & Other Outpatient Care Centers in the US
- Hospitals in the US
International industries
- Other Health Services in Australia
- Fertility Clinics in Australia
- Other Health Services in New Zealand
Table of Contents
About this industry
Industry definition
This industry includes freestanding centers with medical staff primarily engaged in assisting pregnant women and families in making various decisions regarding family planning. Services are provided on an outpatient basis and include contraception, genetic and prenatal counseling, voluntary sterilization and pregnancy termination.
What's included in this industry?
Contraception servicesFertility and sterilization servicesEmergency contraception kitsOther reproductive health servicesPregnancy termination servicesCompanies
Planned Parenthood Federation of America Inc.Purchase this report to view all 1 major companies in this industry.
Related Terms
ASSISTED REPRODUCTIVE TECHNOLOGIES (ART)CHILDBEARING YEARSFERTILITY RATEIN VITRO FERTILIZATION (IVF)MORBIDITYTITLE XIndustry Code
NAICS 62141 - Family Planning & Abortion Clinics in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Rising wages have kept the lid on profit. The pre-pandemic trend of increasing wages has continued, driven by nationwide competition for healthcare provider.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The impact of abortion regulations can hurt the bottom line for some clinics. Clinics that perform abortions and other services may lose clients, staff and revenue as bans go...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Regulations determine the availability and scope of clinic services. State laws and regulations concerning abortion will be a critical factor in some clinics' growth and loca...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Consumers and clinics agree that local services are better. However, changing regulatory environments and consumer preferences for local service consumption lead to a fragmen...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Few major companies are operating in the industry. Apart from Planned Parenthood, with a small but healthy share of industry revenue, most organizations are small nonprofits ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Planned Parenthood Federation of America Inc. 's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Planned Parenthood Federation of America Inc. , and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Funding and wage volatility places financial stress on service providers. Reliant on changeable insurance coverage, government funding, and wages, small organizations, which ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Wage expense goes up, up and away. Unable to rely on volunteer labor and forced to compete locally for skilled workers, a clinic's wage bill can mount and hinder profit.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Family Planning & Abortion Clinics in the US industry in United States in 2024?
The market size of the Family Planning & Abortion Clinics in the US industry in United States is $4.3bn in 2024.
How many businesses are there in the Family Planning & Abortion Clinics in the US industry in 2024?
There are 1,773 businesses in the Family Planning & Abortion Clinics in the US industry in United States, which has grown at a CAGR of 2.2 % between 2019 and 2024.
Has the Family Planning & Abortion Clinics in the US industry in United States grown or declined over the past 5 years?
The market size of the Family Planning & Abortion Clinics in the US industry in United States has been growing at a CAGR of 1.7 % between 2019 and 2024.
What is the forecast growth of the Family Planning & Abortion Clinics in the US industry in United States over the next 5 years?
Over the next five years, the Family Planning & Abortion Clinics in the US industry in United States is expected to grow.
What are the biggest companies in the Family Planning & Abortion Clinics in the US market in United States?
The biggest company operating in the Family Planning & Abortion Clinics market in United States is Planned Parenthood Federation of America Inc.
What does the Family Planning & Abortion Clinics in the US in United States include?
Contraception services and Fertility and sterilization services are part of the Family Planning & Abortion Clinics in the US industry.
Which companies have the highest market share in the Family Planning & Abortion Clinics in the US in United States?
The company holding the most market share in United States is Planned Parenthood Federation of America Inc. .
How competitive is the Family Planning & Abortion Clinics in the US industry in United States?
The level of competition is low and steady in the Family Planning & Abortion Clinics in the US industry in United States.
