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U.S. Mobile Physician Practice Market Trends

Report ID: GMI10521
Published Date: Jul 2024
Report Format: PDF

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U.S. Mobile Physician Practice Market Trends

The surging demand for home healthcare services is significantly fuelling the growth of the mobile physician practice market. As more patients, particularly the elderly and those with chronic conditions, prefer receiving care in the comfort of their homes, mobile physician practices have become increasingly popular in the U.S.

This trend is primarily driven by the convenience, patient satisfaction, personalized attention, and reduced need for hospital visits offered by home healthcare. For instance, according to the data reported by Centers for Medicare & Medicaid Services (CMS), total expenditure for home healthcare was USD 125 billion in 2021. Further, reducing hospital admissions and emergency room visits can lower overall healthcare costs while improving patient outcomes.
Additionally, advancements in telehealth and remote monitoring technologies have made it easier for physicians to provide high-quality care remotely. This shift towards home-based care not only enhances patient satisfaction but also helps in managing healthcare costs and improving overall health outcomes.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

U.S. mobile physician practice market was valued at USD 180.4 million in 2023 and is expected to exhibit growth at 6.1% CAGR from 2024 to 2032 owing to the increasing incidence of chronic disorders.

The telehealth segment in the market is anticipated to witness 6.7% CAGR through 2032 as it reduces the costs associated with in-person visits.

The primary care segment in the U.S. mobile physician practice market was valued at USD 57.5 million in 2023 due to the greater emphasis on preventive care to reduce long-term healthcare costs.

Doctor On Demand by Included Health, Inc., Florida Mobile Physicians, Hill Physicians, LiveHealth Online (Amwell), Mobile Physician Services, Inc., Piedmont Healthcare, Portea Medical, PriveMD, Resurgia Health Solutions LLC, and SOS Doctor Housecall among others.