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U.S. Concierge Medicine Market Size, Share & Trends Analysis Report by Specialty (Primary Care, Pediatrics, Osteopathy, Internal Medicine, Cardiology, Psychiatry), Ownership (Standalone, Group), and Segment Forecasts, 2024-2030

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  • 200 Pages
  • November 2023
  • Region: United States
  • Grand View Research
  • ID: 5516223
The U.S. concierge medicine market size is anticipated to reach USD 13.3 billion by 2030, according to the report. The market is projected to grow at a CAGR of 10.37% from 2024 to 2030. Rising waiting times for a physician appointment, shortage of physicians, and rising prevalence of chronic diseases are driving patients from conventional settings to non-traditional care settings. This, coupled with more time with physicians, fewer hospitalizations, and a focus on preventive care is driving market growth.

Concierge medicine is not only beneficial for patients but also for providers. Owing to this, many physicians are switching to this practice. As per Concierge Medicine Today, LLC, there are around 10,000 to 25,000 physicians or subscription-based programs across the U.S. A large number of female doctors are switching to concierge practice. Female doctors are more burned out and stressed. Physician burnout is the prime reason for the increase in the adoption of concierge medicine.

Hybrid concierge model successfully addresses the issues of primary care physician shortages. In hybrid model, the primary care doctor provides an option to patients to choose between subscription-based care or receiving care in the traditional way under insurance. Owing to shortage of physicians in the near future, access to healthcare will become difficult resulting in many patients moving to concierge physicians for convenient care. The subscription-based model will ensure easy access to care even if there is a physician shortage. This is expected to drive market growth over the forecast period.

U.S. Concierge Medicine Market Report Highlights

  • Growing patient awareness, rising disposable income, and increasing demand for quality healthcare services are anticipated to boost the demand for concierge medicine in the U.S. The interest of the millennials in concierge practice is increasing owing to its advantages, which are favoring market growth
  • Based on speciality, the primary care segment dominated the market in terms of revenue in 2023. Growing demand for primary care services and the sizeable aging population have increased the work burden on existing physicians. Hence, to reduce their stress and maintain work-life balance, many physicians are downsizing to membership-based medicine where they maintain less patient volume
  • In terms of ownership, the group segment held the maximum market portion in 2023 owing to the VIP services provided in membership model. As transitioning to a retainer model requires legal compliance, high advertisement, and patient communication, many physicians merge their practice with concierge medicine companies
  • Although concierge medicine is priced high when compared to traditional care, the patients get value services for their money. Physicians provide full attention to their patients and provide personalized care
  • The demand for membership-based care skyrocketed during COVID-19 pandemic due to the presence of patients with chronic diseases such as diabetes that require continuous monitoring. Many concierge physicians are actively adopting telemedicine to connect to these patients virtually

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Estimates and Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details of Primary Research
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Volume Price Analysis
1.7 List of Secondary Sources
1.8 List of Abbreviations
1.9 Objectives
1.9.1 Objective 1
1.9.2 Objective 2
1.9.3 Objective 3
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Outlook
2.3 Competitive Landscape
Chapter 3 Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Market Dynamics
3.2.1 Market Driver Analysis Advantages of concierge medicine to patients Rising adoption of concierge medicine among physicians Shortage of primary care physicians Entry of specialists in concierge medicine
3.2.2 Market Restraint Analysis Lack of health insurance coverage Competition from retail clinics Impact on patient care access due to physicians downsizing patient panel
3.3 Business Environment Analysis Tools
3.3.1 PESTLE Analysis Political & legal landscape Economic & social landscape Technological landscape
3.3.2 Porter’s Five Forces Analysis Competitive rivalry Bargaining power of suppliers Bargaining power of buyers Threat of new entrants Threat of substitutes
3.4 Impact of COVID-19: Qualitative Analysis
3.5 U.S. Concierge Medicine Pricing Analysis
Chapter 4 U.S. Concierge Medicine Market: Specialty Analysis
4.1 U.S. Concierge Medicine Specialty Market Share Analysis, 2023 & 2030
4.2 Segment Dashboard
4.3 Market Size & Forecasts and Trend Analysis, 2018 to 2030 for Application
4.3.1 Primary Care Primary care market, 2018 - 2030 (USD million)
4.3.2 Internal Medicine Internal medicine market, 2018 - 2030 (USD million)
4.3.3 Pediatrics Pediatrics market, 2018 - 2030 (USD million)
4.3.4 Cardiology Cardiology market, 2018 - 2030 (USD million)
4.3.5 Osteopathy Osteopathy market, 2018 - 2030 (USD million)
4.3.6 Psychiatry Psychiatry market, 2018 - 2030 (USD million)
4.3.7 Others Others market, 2018 - 2030 (USD million)
Chapter 5 U.S. Concierge Medicine Market: Ownership Analysis
5.1 U.S. Concierge Medicine Market Share Analysis, 2023 & 2030
5.2 Segment Dashboard
5.3 Market Size & Forecasts and Trend Analysis, 2018 to 2030 for Ownership
5.3.1 Group Group market, 2018 - 2030 (USD million)
5.3.2 Standalone Standalone market, 2018 - 2030 (USD million)
Chapter 6 Competitive Analysis
6.1 Recent Developments & Impact Analysis, by Key Market Participants
6.2 Competition Categorization
6.3 Company Market Position Analysis
6.4 Participant’s Overview
6.4.1 MDVIP
6.4.2 Signature MD
6.4.3 Crossover Health
6.4.4 Specialdocs Consultants, LLC
6.4.5 PartnerMD
6.4.6 Concierge Consultants & Cardiology
6.4.7 Castle Connolly Private Health Partners
6.4.8 Peninsula Doctor
6.4.9 Campbell Family Medicine
6.4.10 Destination Health MDI
6.4.11 Priority Physicians, Inc.
6.4.12. U.S. San Diego Health
6.5 Financial Performance
6.5.1 Strategy Mapping Mergers & acquisition Partnerships & collaborations Expansion Product/service launch Others
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 U.S. Concierge Medicine Market Revenue Estimates and Forecast By Specialty, 2018 - 2030 (USD Million)
Table 4 U.S. Concierge Medicine Market Revenue Estimates and Forecast By Ownership, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 U.S. concierge medicine market segmentation
Fig. 2 Market research process
Fig. 3 Data triangulation techniques
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market snapshot
Fig. 10 Segment outlook
Fig. 11 Competitive landscape
Fig. 12 U.S. concierge medicine market lineage outlook
Fig. 13 Ancillary market outlook
Fig. 14 Market trends & outlook
Fig. 15 Market driver relevance analysis (Current & future impact)
Fig. 16 Market restraint relevance analysis (Current & future impact)
Fig. 17 Penetration & growth prospect mapping, 2023
Fig. 18 U.S. concierge medicine market: Specialty movement analysis (USD Million)
Fig. 19 U.S. concierge medicine market specialty outlook: Key takeaways
Fig. 20 Primary care market, 2018 - 2030 (USD Million)
Fig. 21 Internal medicine market, 2018 - 2030 (USD Million)
Fig. 22 Pediatrics market, 2018 - 2030 (USD Million)
Fig. 23 Cardiology market, 2018 - 2030 (USD Million)
Fig. 24 Osteopathy market, 2018 - 2030 (USD Million)
Fig. 25 Psychiatry market, 2018 - 2030 (USD Million)
Fig. 26 Others market, 2018 - 2030 (USD Million)
Fig. 27 U.S. concierge medicine market: Ownership movement analysis (USD Million)
Fig. 28 U.S. concierge medicine market ownership outlook: Key takeaways
Fig. 29 Group market, 2018 - 2030 (USD Million)
Fig. 30 Standalone market, 2018 - 2030 (USD Million)
Fig. 31 Recent development & impact analysis by key market participants
Fig. 32 Competition categorization
Fig. 33 Company market position analysis
Fig. 34 Strategy mapping

Companies Profiled

  • Signature MD
  • Crossover Health
  • Specialdocs Consultants, LLC
  • PartnerMD
  • Concierge Consultants & Cardiology
  • Castle Connolly Private Health Partners
  • Peninsula Doctor
  • Campbell Family Medicine
  • Destination Health MDI
  • Priority Physicians, Inc.
  • U.S. San Diego Health