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Primary Care Physicians Market Size - By Reason (Injury, Preventive Care, Chronic Condition, Acute Condition, Pre- or post-surgery), By Age Group (Infants, Pediatrics, Adults, Geriatrics), Mode of Consultation, Service Provider & Forecast, 2022 - 2030

  • Report ID: GMI5338
  • Published Date: Sep 2022
  • Report Format: PDF

Industry Overview

Primary Care Physicians Market size surpassed USD 620 billion in 2021 and is projected to expand at a CAGR of over 3% between 2022 and 2030. Rise in geriatric population & an increase in the prevalence of communicable and non-communicable diseases will drive market trends.

Primary Care Physicians Market

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A dramatic surge in cases of both communicable as well as non-communicable diseases has accelerated the need for primary care physicians (PCPs). These healthcare professionals play a vital role in disease detection, particularly terminal illnesses, at an early stage. With the increasing prevalence of chronic disorders and the growing geriatric population, the need for specialized treatment will escalate worldwide.

Primary care physicians cater to a broad spectrum of healthcare concerns including acute care, chronic, and preventative care, in inpatient as well as outpatient settings. Rapid growth in outpatient care services such as minor surgeries, MRIs, CT scans, colonoscopies, mammograms, routine physical tests, lab tests, chemotherapy, and more will favor the overall industry scenario. Increasing inpatient and outpatient healthcare needs, and rising incidences of new disease outbreaks will bolster the demand for primary care physician consultations.

Shortage of physicians is anticipated to be a key factor restraining the primary care physicians market value. According to the Association of American Medical Colleges (AAMC), there would be a shortage of up to 48,000 primary care physicians in the U.S. by 2034. Some factors that can contribute to the lack of PCPs include the low supply of postgraduate training positions in countries like the U.S., fewer medical school seats, and lower student interest in the medical field.

Rising prevalence of chronic conditions to spur the need for primary care physicians

Primary Care Physicians Market Share, By Reason

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In terms of the healthcare reason, the primary care physicians market is bifurcated into preventative care, injury, pre- or post-surgery, acute conditions, and chronic conditions. The chronic conditions segment is projected to exhibit a CAGR of more than 3% between 2022-2030. Changing dietary and lifestyle habits are likely to increase the number of patients suffering from chronic disorders. Increasing focus on strengthening diagnosis and treatment for chronic disorders will complement the PCP industry outlook.

Rapid increase in the geriatric population to drive physician consultation demand

Primary care physicians market from the geriatric population segment is poised to exceed USD 290 billion by 2030. The elderly population is more prone to chronic and infectious diseases and requires frequent assistance from healthcare professionals, including primary care physicians. The According to report from the World Health Organization (WHO), the number of people over the age of 80 years are expected to triple until 2050 to reach 426 million. The report further estimates that around 80% of elderly people will be living in low- & middle-income countries by 2050.

Advancements in outpatient infrastructure to complement industry landscape

In terms of service providers, the market is segregated into clinics, outpatient departments, and hospitals. The outpatient department segment crossed USD 55 billion In 2021. Increasing cases of diabetes along with other chronic conditions like cancer will accelerate the need for early diagnosis and treatment from primary care physicians in outpatient departments. Technological advancements and the development of sophisticated medical equipment will enable physicians to provide advanced outpatient care.

Favorable government initiatives to augment North America industry forecasts

Primary Care Physicians Market, By Region

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North America primary care physicians market share was around 38% in 2021. The Centers for Medicare & Medicaid Services states that total healthcare expenditure in the U.S. grew by 9.7%, reaching USD 4.1 trillion in 2020. Presence of major industry players will pave the way for market expansion across the region. The region is also witnessing new government initiatives to strengthen healthcare infrastructure and services. In October 2021, the Provincial Government of Newfoundland and Labrador, Canada, announced a series of immediate interim measures to improve primary healthcare access for its citizens.

Strategic partnerships to foster industry development

NYU Langone Hospitals, Apollo Hospitals, Trinity Health, Massachusetts General Hospital, UCSF Health, Cleveland Clinic, Cedars-Sinai, Mayo clinic, Phenix Health, and Fremantle Family Doctors are some of the major companies operating in the primary care physicians market. These firms are entering into strategic collaborations and agreements with related companies to secure a competitive lead in the market.

Impact of COVID-19 on primary care physicians market trends

The COVID-19 pandemic caused significant disruptions in the primary care physicians industry. Decline in hospital visits and clinical activities due to the fear of contracting the virus led to a reduction in the healthcare workforce. However, introduction of alternative approaches such as telephonic and online consultations for conducting safer medical practice during the pandemic is counterbalancing the negative impacts of the pandemic to a certain extent. The trends for virtual consolations and online prescriptions fueled during the COVID-19 crisis is expected to continue growing at a faster pace over the years, even after the pandemic.

The primary care physicians market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2030 for the following segments:

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By Reason

  • Injury
  • Preventive care
  • Chronic conditions
  • Acute conditions
  • Pre- or post-surgery

By Age Group

  • Infants
  • Pediatrics
  • Adults
  • Geriatrics

By Mode of Consultation

  • Virtual
  • Physical

By Service Provider

  • Hospitals
  • Clinics
  • Outpatient Department
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia


Authors: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

The primary care physicians market valuation was over USD 600 billion in 2021 and is anticipated to witness a CAGR of over 3% from 2022-2030.

Global primary care physicians industry share from chronic disease applications will surpass 3% CAGR over 2022-2030, with increased need for early diagnosis of disorders arising from lifestyle and consumption habits.

North America accounted for over 38% share of the primary care physicians industry in 2021 and is anticipated to expand owing to government efforts to improve healthcare infrastructure & services.

NYU Langone Hospitals, Apollo Hospitals, Trinity Health, UCSF Health, Cleveland Clinic, and Mayo Clinic, among many others, are the leading companies offering primary care physician services worldwide.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 10
  • Tables & Figures: 229
  • Countries covered: 15
  • Pages: 160
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