April 18, 2024

U.S. Concierge Medicine Market Size To Grow USD 10,925.29 Million by 2032

The U.S. concierge medicine market size is poised to grow by USD 10,925.29 million by 2032 from USD 6,306 million in 2022, exhibiting a CAGR of 5.70% during the forecast period 2023-2032. 

U.S. Concierge Medicine Market Revenue 2023 To 2032

Key Takeaways

  • By application, the others segment dominated the U.S. concierge medicine market with the largest share in 2022.
  • By application, the primary care segment is observed sustain as a second largest segment throughout the forecast period.
  • By ownership, in 2022, the group segment held the dominating position in the market.

The U.S. Concierge Medicine Market has witnessed a surge in popularity as patients seek more personalized healthcare experiences. In this model, individuals pay a retainer or membership fee for exclusive access to a physician’s services, often including longer appointment times, preventive care, and enhanced communication. Physicians, in turn, benefit from a more predictable income stream and reduced administrative burdens, allowing them to focus on delivering high-quality, individualized care.

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U.S. Concierge Medicine Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 5.70%
U.S. Market Size in 2022 USD 6,306 Million
U.S. Market Size in 2023 USD 6,633.91 Million
U.S. Market Size by 2032 USD 10,925.29 Million
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Application and By Ownership

Opportunities

One of the key opportunities within the U.S. Concierge Medicine Market lies in the potential for improved patient outcomes. With a smaller patient load, physicians can dedicate more time to preventive care, early intervention, and building strong doctor-patient relationships. Additionally, the model provides an avenue for healthcare professionals to explore innovative healthcare technologies and practices, creating a more efficient and effective healthcare delivery system. Furthermore, as the demand for personalized healthcare experiences continues to grow, there is an opportunity for expansion and specialization within the concierge medicine sector.

Challenges

Despite its growth, the U.S. Concierge Medicine Market faces challenges, including concerns about healthcare access and affordability. Critics argue that this model may exacerbate existing healthcare disparities, as it often involves additional out-of-pocket expenses for patients. Moreover, there are ethical considerations surrounding the potential impact on the broader healthcare system, as the model may contribute to a shortage of physicians available to the general population. Balancing the exclusivity of concierge medicine with the broader goal of equitable healthcare access poses a challenge for the industry.

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The empirical study on the global U.S. concierge medicine market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the U.S. concierge medicine Market. Our market report for the U.S. concierge medicine market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

U.S. Concierge Medicine Market Players

  • Priority Physicians, Inc
  • Castle Connolly Private Health Partners
  • Partner MD
  • Concierge Consultants and Cardiology

Data Sources and Methodology

To gather comprehensive insights on the Global U.S. concierge medicine Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global U.S. concierge medicine Market.

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  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

By Application

  • Primary Care
  • Cardiology
  • Pediatrics
  • Psychiatry
  • Internal Care
  • Others

By Ownership

  • Independent
  • Group

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global U.S. concierge medicine market.
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  • Benefit from in-depth research and analysis of the latest trends shaping the global U.S. concierge medicine market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global U.S. concierge medicine market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global U.S. concierge medicine market but also the strategic plans of industry leaders.

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on U.S. Concierge Medicine Market 

5.1. COVID-19 Landscape: U.S. Concierge Medicine Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. U.S. Concierge Medicine Market, By Application

8.1. U.S. Concierge Medicine Market Revenue and Volume, by Application, 2023-2032

8.1.1. Primary Care

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Cardiology

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Pediatrics

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

8.1.4. Psychiatry

8.1.4.1. Market Revenue and Volume Forecast (2020-2032)

8.1.5. Internal Care

8.1.5.1. Market Revenue and Volume Forecast (2020-2032)

8.1.6. Others

8.1.6.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. U.S. Concierge Medicine Market, By Ownership

9.1. U.S. Concierge Medicine Market Revenue and Volume, by Ownership, 2023-2032

9.1.1. Independent

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Group

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. U.S. Concierge Medicine Market, Regional Estimates and Trend Forecast

10.1. U.S.

10.1.1. Market Revenue and Volume Forecast, by Application (2020-2032)

10.1.2. Market Revenue and Volume Forecast, by Ownership (2020-2032)

Chapter 11. Company Profiles

11.1. Priority Physicians, Inc

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Castle Connolly Private Health Partners

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Partner MD

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Concierge Consultants and Cardiology

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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