U.S. Concierge Medicine Market Analysis

U.S. Concierge Medicine Market Analysis

Based on the ownership, the U.S. market is classified into standalone and group. The group dominated the market with revenue of USD 4.4 billion in 2023.
 

• The segmental growth is majorly attributable to the numerous advantages associated with group concierge medicine ownership. Group ownership allows for a larger network of physicians within the concierge medicine practice, thereby providing patients with increased access to healthcare providers. This can lead to shorter wait times for appointments and improved continuity of care.
   
• Furthermore, strategic presence of concierge medicine providers such as Specialdocs Consultants, Signature MD, MDVIP, Partner MD, and others with a strong network of physicians across the U.S. is one of the major factors accountable for a prominent share in the market.
   

Based on specialty, the U.S. concierge medicine market is classified into primary care, pediatrics, osteopathy, internal medicine, cardiology, psychiatry, and other specialties. The primary care segment held the highest market share of 25.5% in 2023.
 

• Primary care includes routine check-ups, preventive care, screenings, diagnosis and treatment of common illnesses, vaccinations, management of chronic conditions, and coordination of specialized care. Thus, owing to such aforementioned factors, the segment is projected to experience substantial growth in the forecast period.
   
• Additionally, as per the World Health Organization (WHO) report 2021, that achieving the targets for PHC necessitates an investment ranging from USD 200 to USD 370 billion annually for a more comprehensive range of health services. These initiatives and investments are anticipated to bolster the growth of this segment.