US-Concierge Medicine Market
is projected to achieve a value of USD 6.80 Billion in 2023, with a linear
behavior in the market growth it is forecasted to achieve a value of USD 12.2 billion
by 2033 with a CAGR of 6.1% during the forecast period 2024-2033.
We Market Research
medicine offers superior, personalized medical care in the United States.
Patients are required to pay a membership fee in exchange for better medical
care, which includes longer appointments, 24/7 physician availability, and
comprehensive wellness initiatives. Preventive care is given more importance in
this approach, which also improves patient-doctor communication. Reducing the
number of people, they see allows doctors to give more specialized care.
Although it often necessitates paying out-of-pocket, it places a strong
emphasis on proactive, customized medical care and offers patients greater
convenience and control over their health management.
U.S. Concierge Medicine Market is seeing tremendous growth due to a number of
significant factors. The increasing need among patients for timely,
personalized medical care has led to a rise in the popularity of concierge
medicine. Because this approach offers a more satisfying and long-lasting
practice paradigm, doctors are adopting it. Its popularity is ascribed to its
emphasis on preventive care and goal of fostering better relationships between
physicians and patients. In addition, the technical advancements in
telemedicine have expanded the range of concierge services, making them more
widely available to a greater number of individuals. The growing need for a
more patient-centered approach and the evolving nature of healthcare are
expected to drive the US concierge medicine market's growth.
Market Size in 2023
Market Forecast in 2033
CAGR % 2024-2033
Consumption, company share, company heatmap, company production capacity,
growth factors and more
Service Type, By Ownership and By
US-Concierge Medicine Industry: Dynamics & Restrains
Prevalence of Chronic Diseases - The growing prevalence of
chronic illnesses in the US is largely responsible for the growth of the
concierge medicine Market. With the rising prevalence of conditions including
obesity, diabetes, and cardiovascular diseases, patients are seeking more
comprehensive and customized treatment. Concierge medicine provides proactive
care; patients benefit from longer appointment times, more focused attention,
and improved preventative care. People who value their health and personalized
medical experiences more are driving up demand for concierge medicine services.
As a result, a dynamic market environment is created to meet the evolving
healthcare needs of a population that is burdened by chronic illnesses.
demand for personalized and preventative healthcare - The
U.S. Concierge Medicine Market is growing due in large part to the growing need
for preventative and individualized treatment. Concierge medicine provides a
personalized, preventive approach in a time when people are prioritizing
proactive well-being more and more. Individualized, comprehensive treatment
that surpasses conventional models is sought after by patients, who prioritize
longer appointment times, direct access to physicians, and proactive health
management. The market for concierge medicine is driven by consumers'
increasing desire for a more individualized healthcare experience. This is
because concierge medicine meets the needs of those who are actively looking
for a healthcare model that emphasizes prevention, personalization, and
improved patient-doctor relationships.
and Limited Patient Awareness - The
U.S. Concierge Medicine Market is growing slowly due to insufficient patient
knowledge and financial constraints. Access to concierge services is limited to
a particular demographic due to their high pricing, which remains beyond the
means of many patients while providing customized treatment. Furthermore,
widespread adoption is hampered by a lack of knowledge about the model's
availability and advantages among a larger community. Thus, the market's growth
is hindered since a sizable fraction of potential patients are either ignorant
of these services or cannot afford them. In order to overcome these obstacles
and provide more people from a wider range of socioeconomic backgrounds with
access to concierge medicine's benefits, measures to improve affordability and
raise educational attainment are needed.
US-Concierge Medicine Segmentation
Market- By Service Type Analysis
By Service Type, the US-Concierge Medicine Market is Categories into Primary Care, Specialty care, Hybrid Model. The Primary Care segment accounts for the largest share of around 60% in 2022.
The growing need for individualized
healthcare experiences is driving this market. Patients want more time,
attention, and proactive health management from their primary care providers,
as well as deeper relationships. The need for comprehensive treatment and an
emphasis on preventative medicine due to an aging population is another factor
driving the market.
following segments are part of an in-depth analysis of U.S. Concierge Medicine
US Concierge Medicine Market Analysis Report provides a comprehensive analysis
of the market. The report discusses market segmentation, DROS, and the product
portfolios of the key market player companies in the US industry. It also
provides the launch or research of new drugs, moreover advancements in the
sector including collaborations, mergers, and acquisitions, as well as the
impact of the COVID-19 pandemic on the market. The study also offers insights
into market trends and an analysis of industry dynamics.
US-Concierge Medicine Market is dominated by a few large companies, such as
U.S. San Diego Health
are some of the key trends that are shaping the competitive landscape of the US-Concierge
May 2023, FemGevity, a
women-led telemedicine firm, formally launched with the aim of offering women
experiencing menopause symptoms personalised, affordable, and ongoing care.
Women can receive comprehensive and holistic menopause treatment through this
digital platform, in contrast to the "one size fits all" approach
that has been the norm for far too long. FemGevity seeks to level the playing field
by making high-quality healthcare services more widely available, with the goal
of providing women with sophisticated precision medical services at reasonable
December 2022, The
opening of a concierge medical facility for its patients in Florida was
announced by Tampa General Hospital. Adolescent metabolic health and
preventative care will be the initiative's main foci.
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
US-Concierge Medicine Market was valued at USD 6.12 Billion in 2022.
US-Concierge Medicine Market size will increase at approximate CAGR of 6.1% during the forecasted period.
Major companies operating within the US-Concierge Medicine Market are MDVIP, Signature MD, Crossover Health, Specialdocs Consultants, LLC, PartnerMD, Concierge Consultants & Cardiology, Peninsula Doctor, U.S. San Diego Health and Others.
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