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U.S. Concierge Medicine Market Size
U.S. Concierge Medicine Market size was valued at USD 6.7 billion in 2023 and is expected to reach USD 15.1 billion by 2032, growing at a CAGR of 9.3% over the analysis period. The U.S. market is experiencing dynamic growth driven by factors such as the growing public awareness regarding perks of concierge medicine, increased affordability to obtain such expensive and private medical care, and digitization and adoption of telehealth services in the U.S.
Also, the rising adoption of concierge medicine among physicians contribute significantly to the growth of the U.S. market. Concierge medical practice is a private type of practice in which patients pay an out-of-pocket retainer fee to receive the doctor's services. This will include services such as office visits, care while traveling, 24-hour access to physicians, house calls, lab tests, referrals to specialists, frequent health assessments, preventive care, and more.
Why is the demand for primary care in concierge medicine increasing in the U.S.?
The primary care segment accounted for 25.5% revenue share in 2023 and may generate substantial revenue by 2032 owing to the increasing need for routine check-ups, preventive care, screenings, diagnosis, and treatment of common illnesses, in the region.
What is the size of the U.S. concierge medicine market?
U.S. concierge medicine industry size was USD 6.7 billion in 2023 and is set to expand at 9.3% CAGR from 2024-2032 driven by the growing public awareness regarding perks of concierge medicine along with digitization and adoption of telehealth services in the region.
Which are the major factors influencing the group concierge medicine ownership in the U.S.?
U.S. concierge medicine market from the group ownership segment generated USD 4.4 billion in revenue in 2023 and is estimated to grow at a notable CAGR from 2024-2032 due to the rising need to allow a larger network of physicians within the concierge medicine practice
Who are the leading players in the U.S. concierge medicine industry?
Some of the major firms operating in the U.S. market are Castle Connolly Private Health Partners, LLC, Concierge Choice Physicians, Crossover Health, MDVIP, One Medical Services, PartnerMD, Peninsula Doctor, Privia Health, Priority Physicians, Inc., SignatureMD, Specialdocs Consultants, LLC., UC San Diego Health.