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U.S. Primary Care Physicians Market Size, Share & Trends Analysis Report by Type (General Practice, Family Physician & Geriatrics, General Internal Medicine), and Segment Forecasts, 2022-2030

  • ID: 5513891
  • Report
  • April 2022
  • Region: United States
  • 75 Pages
  • Grand View Research

FEATURED COMPANIES

  • CHENMED LLC
  • COLONIAL HEALTHCARE
  • DULY HEALTH AND CARE
  • MDVIP
  • NEW WEST PHYSICIANS
The U.S. primary care physicians market size is expected to reach USD 341.9 billion by 2030. The market is projected to exhibit a CAGR of 3.2% from 2022 to 2030. An increasing number of Medicare beneficiaries in the country is expected to create high demand for Primary Care Physicians (PCP). According to a CDC survey in 2019, around 51.2% of physician office visits were made for primary care services.



According to the 2019 Patient-Centered Primary Care Collaborative’s (PCPCC) evidence report, there is a significant gap in investment in improving primary care services in the U.S. One of the main concerns is the growing shortage of primary care doctors and allied healthcare professionals. In a report published on the complexities of physician demand and supply in June 2020, the Association of American Medical Colleges (AAMC) estimated a deficit between 21,400 and 55,200 primary care physicians by 2033. Furthermore, there is a substantial difference between the average annual revenue and salary generated by a PCP in comparison to a specialist physician.

The U.S. has one of the advanced healthcare systems and compared to any other developed nation its healthcare expenditure is two times higher. According to CMS, healthcare spending accounted for 17.7% of the GDP in 2019 and is expected to reach 19.7% in the next ten years. Primary care services act as a gatekeeper for the healthcare system and play a significant role in improving healthcare outcomes and reducing overall medical expenditure.

The onset of the COVID-19 pandemic resulted in income loss for primary care offices in the United States due to the substantial reductions in revenue caused by physical distancing. Based on volume data for general practices, general pediatric practices, family medicine practices, and general internal medicine practices, researchers from Harvard Medical School and the American Board of Family Medicine estimated that COVID-19 would cost primary care practices USD 15.1 billion in revenue.

U.S. Primary Care Physicians Market Report Highlights

  • PCPs provide accessible and integrated services to a large population for their healthcare needs which in turn improves the overall health of the community.
  • Family physicians are the leading specialty in primary care, according to the American Medical Association (AMA) physician master file 2017. In the U.S., family physicians account for 39.5% of the total primary care physicians.
  • The demand for primary care pediatricians for children is expected to increase across the country. However, the American Academy of Pediatrics (AAP) reported a shortage of pediatric physicians and subspecialists in many fields.


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Frequently Asked Questions about the U.S. Primary Care Physicians Market

What is the estimated value of the U.S. Primary Care Physicians Market?

The U.S. Primary Care Physicians Market was estimated to be valued at $266.0 Billion in 2022.

What is the growth rate of the U.S. Primary Care Physicians Market?

The growth rate of the U.S. Primary Care Physicians Market is 3.2%, with an estimated value of $341.9 Billion by 2030.

What is the forecasted size of the U.S. Primary Care Physicians Market?

The U.S. Primary Care Physicians Market is estimated to be worth $341.9 Billion by 2030.

Who are the key companies in the U.S. Primary Care Physicians Market?

Key companies in the U.S. Primary Care Physicians Market include MDVIP, 1LIFE HEALTHCARE, INC. (ONE MEDICAL GROUP), RHODE ISLAND PRIMARY CARE PHYSICIANS CORPORATION (RIPCPC), CHENMED LLC, COLONIAL HEALTHCARE, DULY HEALTH AND CARE, HEALTHCARE PARTNERS MEDICAL GROUP and CROSSOVER HEALTH MEDICAL GROUP.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CHENMED LLC
  • COLONIAL HEALTHCARE
  • DULY HEALTH AND CARE
  • MDVIP
  • NEW WEST PHYSICIANS

Chapter 1 Report Scope
1.1 Market Segmentation
1.2 Estimates and Forecast Timeline
Chapter 2 Methodology
2.1 Research Methodology
2.1.1 Information procurement
2.1.2 Purchased Database
2.1.3 Internal Database
2.1.4 Secondary Sources
2.1.5 Primary Research
2.1.6 Details of Primary Research
2.2 Information or Data Analysis
2.2.1 Data Analysis Models
2.3 Market Formulation & Validation
2.3.1 Volume Price Analysis
2.4 List of Secondary Sources
2.5 List of Abbreviations
Chapter 3 Objectives
3.1 Objective - 1
3.2 Objective - 2
3.3 Objective - 3
Chapter 4 Executive Summary
4.1 Market Outlook
4.2 Segment Outlook
4.2.1 Type
4.3 Competitive Insights
Chapter 5 Market Variables, Trends, & Scope
5.1 Market Lineage Outlook
5.1.1 Parent Market Outlook
5.1.2 Related/Ancillary Market Outlook
5.2 Market Dynamics
5.2.1 Market Driver Analysis
5.2.1.1 Access to primary care can lead to improved healthcare outcomes and reduced medical expenditure
5.2.1.2 Increasing demand for primary care from insured population
5.2.1.3 Government initiatives to improve revenue for primary care physicians
5.2.2 Market Restraint Analysis
5.2.2.1 Gap between demand and supply of primary care Physicians
5.2.2.2 Administrative burden and growing operational cost
5.3 Business Environment Analysis Tools
5.3.1 U.S. Primary Care Physicians- Porter’s Five Forces Analysis
5.3.1.1 Bargaining power of suppliers: High
5.3.1.2 Competitive rivalry: High
5.3.1.3 Bargaining power of buyers: High
5.3.1.4 Threat of new entrants: High
5.3.1.5 Threat of substitutes: High
5.3.2 U.S. Primary Care Physicians- PESTEL Analysis
5.3.2.1 Political and legal
5.3.2.2 Economic
5.3.2.3 Social & technology
5.4 Regulatory Scenario & Reimbursement Outlook
5.5 Penetration & Growth Prospect Mapping
5.6 Impact of COVID-19: Qualitative Analysis
Chapter 6 U.S. Primary Care Physicians Market: Type Analysis
6.1 U.S. Primary Care Physicians Type Market Share Analysis, 2021 & 2030
6.2 U.S. Primary Care Physicians Type Market: Segment Dashboard
6.2.1 General Practice, Family Physician and Geriatrics
6.2.1.1 General practice, family physician and geriatrics market, 2017-2030 (USD Billion)
6.2.2 General Internal Medicine
6.2.2.1 General internal medicine market, 2017-2030 (USD Billion)
6.2.3 General Pediatrics
6.2.3.1 General pediatrics market, 2017- 2030 (USD Billion)
Chapter 7 Competitive Analysis
7.1 Recent Developments & Impact Analysis, by Key Market Participants
7.2 Competition Categorization
7.3 Company Market Position Analysis
7.4 Major Deals & Strategic Alliances Analysis
7.4.1.1 Mergers & acquisitions and joint ventures
7.4.1.2 Licensing & partnership and technology collaborations
7.5 Company Profiles
7.5.1 MDVIP
7.5.1.1 Company overview
7.5.1.2 Service benchmarking
7.5.1.3 Strategic initiatives
7.5.2 1Life Healthcare, Inc. (One Medical Group)
7.5.2.1 Company overview
7.5.2.2 Financial performance
7.5.2.3 Service benchmarking
7.5.2.4 Strategic initiatives
7.5.3 Rhode Island Primary Care Physicians Corporation (RIPCPC)
7.5.3.1 Company overview
7.5.3.2 Service benchmarking
7.5.3.3 Strategic initiatives
7.5.4 ChenMed LLC
7.5.4.1 Company overview
7.5.4.2 Service benchmarking
7.5.4.3 Strategic initiatives
7.5.5 Colonial Healthcare
7.5.5.1 Company overview
7.5.5.2 Service benchmarking
7.5.5.3 Strategic initiatives
7.5.6 Duly Health and Care
7.5.6.1 Company overview
7.5.6.2 Service benchmarking
7.5.6.3 Strategic initiatives
7.5.7 HealthCare Partners Medical Group
7.5.7.1 Company overview
7.5.7.2 Service benchmarking
7.5.7.3 Strategic initiatives
7.5.8 New West Physicians
7.5.8.1 Company overview
7.5.8.2 Service benchmarking
7.5.8.3 Strategic initiatives
7.5.9 Crossover Health Medical Group
7.5.9.1 Company overview
7.5.9.2 Service benchmarking
7.5.9.3 Strategic initiatives
Chapter 8 Recommendations
Note: Product cover images may vary from those shown
  • MDVIP
  • 1LIFE HEALTHCARE, INC. (ONE MEDICAL GROUP)
  • RHODE ISLAND PRIMARY CARE PHYSICIANS CORPORATION (RIPCPC)
  • CHENMED LLC
  • COLONIAL HEALTHCARE
  • DULY HEALTH AND CARE
  • HEALTHCARE PARTNERS MEDICAL GROUP
  • NEW WEST PHYSICIANS
  • CROSSOVER HEALTH MEDICAL GROUP
Note: Product cover images may vary from those shown

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