Primary Care Physicians Market Analysis

Primary Care Physicians Market Analysis

Based on reason, the acute conditions segment amassed over 26% of the primary care physicians market share in 2022. Growing prevalence of acute conditions such as broken bones, asthma, flu, bronchitis, and others has increased the need for primary care physicians for better patient care. To illustrate, as per the Asthma and Allergy Foundation of America, around 21 million adults aged 18 and above have asthma in the U.S. alone. The rising disease burden will contribute to segment revenue over 2023-2032.
 

Based on age group, the primary care physicians market size from the infants segment could expand at over 3% CAGR from 2023 to 2032. Growing prevalence of chronic conditions in infants has increased the need for primary care physicians for the early diagnosis and treatment of the disease. Moreover, rising awareness about vaccination and preventive care in newborn babies has further bolstered the demand for these professionals. Segment growth can also be credited to increasing birth rates.
 

North America primary care physicians market size will reach USD 345 billion by 2032. Growing prevalence of chronic disorders among the elderly and the subsequent need for advanced wound care has increased the need for primary care physicians in the region. Additionally, increasing government investment in preventive care is further working in favor of regional expansion. The region also has a strong presence of industry players such as Massachusetts General Hospital and others, which will favor the market dynamics in the long run.