U.S. Concierge Medicine Market Trends

• Growing demand for personalized healthcare experiences among patients is driving the adoption of concierge medicine. Patients seek enhanced access to physicians, longer appointment times, and more personalized care, leading to increased interest in concierge medicine practices.
  
• Furthermore, the long waiting times experienced by patients due to the high volume of people visiting hospitals and the shortage of primary care physicians create a demand for more timely access to healthcare services. Patients are willing to pay for concierge medicine services to avoid lengthy wait times and receive prompt medical attention from a dedicated physician.
  
• For instance, as per Merritt Hawkins' 2022 Survey of Physician Appointment Wait Times, the average wait time for a new patient to secure an appointment with a physician in 15 major U.S. cities was 26 days, reflecting an 8% increase compared to the data from 2017. Thus, to reduce the longer appointment times the adoption of concierge medicine is increasing among population in the U.S., thereby supplementing the market expansion.