U.S. Physician Groups Market Size, Share & Trends Analysis Report by Practice Type (Single Specialty Group, Multi-Specialty Group), Practice Size (5 To 10, 11 To 24), Ownership (Physician-owned, Hospital-owned), Region, with Growth Forecasts, 2025-2030

The U.S. Physician Groups Market was valued at USD 349.49 Billion in 2024, and is projected to reach USD 542.99 Billion by 2030, rising at a CAGR of 7.62%. This growth can be attributed to the shift of practitioners from solo practices to group practices. In a group practice, a physician has the capacity to manage advanced, essential, and expensive medical equipment. Group practices can expand their reach to cover a broader geographic area, operate across multiple locations, serve a larger patient base, and achieve greater profitability. In addition, practitioners can receive valuable feedback and insights from colleagues and co-workers when working within a group.

In the U.S. market for physician groups, value-added services encompass various offerings beyond traditional medical care, such as telemedicine, chronic disease management programs, patient education resources, wellness programs, and preventive care initiatives. By offering these services, physician groups differentiate themselves in the market, attract new patients, and improve patient outcomes. For instance, in August 2023, The Northwestern Medical Group launched the Northwestern Medicine Canning Thoracic Institute Hispanic Program, offering personalized care to Hispanic patients in their native language.

The growing government initiatives to promote physicians' revenue in the U.S. are expected to propel the market's growth over the forecast period. Government bodies have realized the importance of physicians in developing a value-based healthcare system in the U.S. and have undertaken various initiatives to bridge these gaps between revenues of different specialties. For instance, in January 2024, Commons Clinic, a value-based physician group offering musculoskeletal care to patients in Los Angeles, launched the Center for Spine Economics, Outcomes, & Research with plans to invest USD 100 million over the next decade. The center aims to test and research new models that move spinal care into community-based accountable care networks and out to hospitals.

U.S. Physician Groups Market Report Highlights

Based on practice type, the single specialty segment led the market with the largest revenue share of 60.74% in 2024. The multi-specialty group segment is expected to grow at the fastest CAGR over the forecast period.
Based on practice size, the fewer than five physicians segment led the market with the largest revenue share of 36.49% in 2024. The 50+ physicians’ segment is expected to grow at the fastest CAGR of over the forecast period.
Based on ownership, the physician-owned segment led the market with the largest revenue share of 48.88% in 2024. The private equity segment is expected to grow at the fastest CAGR during the forecast period.
The Southeast region dominated the U.S. physician groups market with the largest revenue share of 25.32% in 2024. The Western region of the U.S. physician groups market is expected to grow at the fastest CAGR during the forecast period.

Why Should You Buy This Report?

Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
Competitive Landscape: Explore the market presence of key players.
Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

Market intelligence to enable effective decision-making
Market estimates and forecasts from 2018 to 2030
Growth opportunities and trend analyses
Segment and regional revenue forecasts for market assessment
Competition strategy and market share analysis
Product innovation listings for you to stay ahead of the curve

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.1.1. Segment Definitions
1.2. Estimates and Forecast Timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. Secondary Sources
1.4.4. Primary Research
1.4.5. Details of Primary Research
1.4.6. Research Assumption
1.5. Information or Data Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. Model Details
1.7.1. U.S. Physician Groups Market
1.7.2. Market Size Estimation Methodology
1.7.2.1. Number of active physicians working in physician groups in The U.S
1.7.2.2. Average annual revenue per physician in physician groups
1.7.2.3. Total market size estimation
1.7.3. Forecasting Methodology
1.7.3.1. Regression analysis framework
1.7.3.1.1. Historical data compilation
1.7.3.1.2. Scenario analysis
1.7.3.2. Extrapolation of market trends
1.7.4. Segment estimation: Multivariate analysis
1.7.4.1. Practice type analysis
1.8. Objectives
1.8.1. Objective - 1
1.8.2. Objective - 2
1.8.3. Objective - 3
1.9. List of Secondary Sources
1.10. List of Secondary Sources

Chapter 2. Executive Summary

2.1. U.S. Physician Group Market
2.1.1. Market Snapshot
2.1.2. Segment Snapshot
2.1.2.1. Practice type segment outlook
2.1.2.2. Practice size segment outlook
2.1.2.3. Ownership segment outlook
2.1.2.4. Region segment outlook
2.1.3. Competitive Landscape Snapshot

Chapter 3. Market Variables, Trends, & Scope

3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/Ancillary Market Outlook
3.2. Market Trends and Outlook
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.1.1. Growing trend of solo practitioners opting to join physician groups
3.3.1.2. Government initiatives to improve revenue for physician groups
3.3.1.3. Shift towards value-based care models
3.3.2. Market Restraint Analysis
3.3.2.1. Administrative burden and growing operational cost
3.3.2.2. Increase in employment of physicians by hospitals
3.4. Business Environment Analysis Tools
3.4.1. Industry Analysis - Porter’s Five Forces Analysis
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.5. Regulatory Scenario & Reimbursement Framework

Chapter 4. Practice Type Business Analysis

4.1. U.S. Physician Groups Market: Practice Type Movement Analysis
4.2. U.S. Physician Groups Practice Type Market: Segment Dashboard
4.3. Practice Type Movement & Market Share Analysis, 2023 & 2030
4.4. U.S. Physician Groups Market Estimates & Forecast, by Practice Type
4.5. Single Specialty Group
4.5.1. Single specialty group market, 2018-2030 (USD Billion)
4.5.2. Primary care
4.5.2.1. Primary care by single specialty group market, 2018-2030 (USD Billion)
4.5.3. OB/GYN
4.5.3.1. OB/GYN by single specialty group market, 2018-2030 (USD Billion)
4.5.4. Ophthalmology
4.5.4.1. Ophthalmology by single specialty group market, 2018-2030 (USD Billion)
4.5.5. Surgical
4.5.5.1. Surgical by single specialty group market, 2018-2030 (USD Billion)
4.5.6. Psychiatry
4.5.6.1. Psychiatry by single specialty group market, 2018-2030 (USD Billion)
4.5.7. Cardiology
4.5.7.1. Cardiology by single specialty group market, 2018-2030 (USD Billion)
4.5.8. Anesthesiology
4.5.8.1. Anesthesiology by single specialty group market, 2018-2030 (USD Billion)
4.5.9. Dermatology
4.5.9.1. Dermatology by single specialty group market, 2018-2030 (USD Billion)
4.5.10. Radiology
4.5.10.1. Radiology by single specialty group market, 2018-2030 (USD Billion)
4.5.11. Emergency Medicine
4.5.11.1. Emergency medicine by single specialty group market, 2018-2030 (USD Billion)
4.5.12. Others
4.5.12.1. Others by single specialty group market, 2018-2030 (USD Billion)
4.6. Multi-specialty Group
4.6.1. Multi-specialty group market, 2018-2030 (USD Billion)
4.6.2. Primary care
4.6.2.1. Primary care by multi-specialty group market, 2018-2030 (USD Billion)
4.6.3. OB/GYN
4.6.3.1. OB/GYN by multi-specialty group market, 2018-2030 (USD Billion)
4.6.4. Ophthalmology
4.6.4.1. Ophthalmology by multi-specialty group market, 2018-2030 (USD Billion)
4.6.5. Surgical
4.6.5.1. Surgical by multi-specialty group market, 2018-2030 (USD Billion)
4.6.6. Psychiatry
4.6.6.1. Psychiatry by multi-specialty group market, 2018-2030 (USD Billion)
4.6.7. Cardiology
4.6.7.1. Cardiology by multi-specialty group market, 2018-2030 (USD Billion)
4.6.8. Anesthesiology
4.6.8.1. Anesthesiology by multi-specialty group market, 2018-2030 (USD Billion)
4.6.9. Dermatology
4.6.9.1. Dermatology by multi-specialty group market, 2018-2030 (USD Billion)
4.6.10. Radiology
4.6.10.1. Radiology by multi-specialty group market, 2018-2030 (USD Billion)
4.6.11. Emergency Medicine
4.6.11.1. Emergency medicine by multi-specialty group market, 2018-2030 (USD Billion)
4.6.12. Others
4.6.12.1. Others by multi-specialty group market, 2018-2030 (USD Billion)

Chapter 5. Practice Size Business Analysis

5.1. U.S. Physician Groups Market: Practice Size Movement Analysis
5.2. U.S. Physician Groups Market: Segment Dashboard
5.3. Practice Size Movement & Market Share Analysis, 2023 & 2030
5.4. U.S. Physician Groups Market, Market Estimates & Forecast, by Practice Size
5.5. Fewer than 5 Physicians
5.5.1. Fewer than 5 physicians market, 2018-2030 (USD Billion)
5.6. 5 to 10
5.6.1. 5 to 10 market, 2018-2030 (USD Billion)
5.7. 11 to 24
5.7.1. 11 to 24 market, 2018-2030 (USD Billion)
5.8. 25 to 49
5.8.1. 25 to 49 market, 2018-2030 (USD Billion)
5.9. 50+ Physicians
5.9.1. 50+ physicians market, 2018-2030 (USD Billion)

Chapter 6. Ownership Business Analysis

6.1. U.S. Physician Groups Market: Ownership Movement Analysis
6.2. U.S. Physician Groups Condition Market: Ownership Dashboard
6.3. Ownership Movement & Market Share Analysis, 2023 & 2030
6.4. U.S. Physician Groups Market, Market Estimates & Forecast, by Ownership
6.5. Physician-Owned
6.5.1. Physician-owned market, 2018-2030 (USD Billion)
6.6. Hospital-Owned
6.6.1. Hospital-owned market, 2018-2030 (USD Billion)
6.7. Private Equity-Owned
6.7.1. Private equity-owned market, 2018-2030 (USD Billion)
6.8. Others
6.8.1. Others market, 2018-2030 (USD Billion)

Chapter 7. Region Business Analysis

7.1. U.S. Physician Group Practice Management Systems Market: Region Movement Analysis
7.2. U.S. Physician Group Practice Management Systems Region Market: Segment Dashboard
7.3. Region Movement & Market Share Analysis, 2023 & 2030
7.4. U.S. Physician Group Practice Management Systems Market Estimates & Forecast, by Region
7.5. Northeast
7.5.1. Northeast market, 2018-2030 (USD Million)
7.6. Southeast
7.6.1. Southeast market, 2018-2030 (USD Million)
7.7. Southwest
7.7.1. Southwest market, 2018-2030 (USD Million)
7.8. Midwest
7.8.1. Midwest market, 2018-2030 (USD Million)
7.9. West
7.9.1. West market, 2018-2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Company Categorization
8.2. Company Market Position Analysis
8.3. Company Share Analysis
8.4. Strategy Mapping
8.4.1. Partnership & Collaboration
8.4.2. New Service Launch
8.4.3. Mergers & Acquisitions
8.4.4. Geographical Expansion
8.4.5. Others
8.5. Company Profiles/Listing
8.5.1. Cleveland Clinic
8.5.1.1. Overview
8.5.1.2. Financial performance
8.5.1.3. Service benchmarking
8.5.1.4. Strategic initiatives
8.5.2. The Permanente Medical Group, Inc
8.5.2.1. Overview
8.5.2.2. Financial performance
8.5.2.3. Service benchmarking
8.5.2.4. Strategic initiatives
8.5.3. Optum, Inc
8.5.3.1. Overview
8.5.3.2. Financial performance
8.5.3.3. Service benchmarking
8.5.3.4. Strategic initiatives
8.5.4. Select Physical Therapy
8.5.4.1. Overview
8.5.4.2. Financial performance
8.5.4.3. Service benchmarking
8.5.4.4. Strategic initiatives
8.5.5. C-HCA, Inc.
8.5.5.1. Overview
8.5.5.2. Financial performance
8.5.5.3. Service benchmarking
8.5.5.4. Strategic initiatives
8.5.6. University of Pittsburgh Physicians (UPMC Physicians)
8.5.6.1. Overview
8.5.6.2. Financial performance
8.5.6.3. Service benchmarking
8.5.6.4. Strategic initiatives
8.5.7. NYU Langone Hospitals
8.5.7.1. Overview
8.5.7.2. Financial performance
8.5.7.3. Service benchmarking
8.5.7.4. Strategic initiatives
8.5.8. Northwestern Medical Group (Northwestern Medicine)
8.5.8.1. Overview
8.5.8.2. Financial performance
8.5.8.3. Service benchmarking
8.5.8.4. Strategic initiatives
8.5.9. HealthCare Partners IPA (HealthCare Partners, MSO)
8.5.9.1. Overview
8.5.9.2. Financial performance
8.5.9.3. Service benchmarking
8.5.9.4. Strategic initiatives
8.5.10. Northwell Health Physician Partners (Northwell Health)
8.5.10.1. Overview
8.5.10.2. Financial performance
8.5.10.3. Service benchmarking
8.5.10.4. Strategic initiatives
8.5.11. RWJ Barnabas Health Medical Group
8.5.11.1. Overview
8.5.11.2. Financial performance
8.5.11.3. Service benchmarking
8.5.11.4. Strategic initiatives
8.5.12. Ascension
8.5.12.1. Overview
8.5.12.2. Financial performance
8.5.12.3. Service benchmarking
8.5.12.4. Strategic initiatives
8.5.13. Penn Medicine Physicians
8.5.13.1. Overview
8.5.13.2. Financial performance
8.5.13.3. Service benchmarking
8.5.13.4. Strategic initiatives.

List of Tables

Table 1. List of secondary sources
Table 2. List of abbreviations
Table 3. U.S. physician groups market revenue estimates and forecast, by practice type, 2018-2030 (USD Billion)
Table 4. U.S. single specialty physician groups market revenue estimates and forecast, by specialty type, 2018-2030 (USD Billion)
Table 5. U.S. multi-specialty physician groups market revenue estimates and forecast, by specialty type, 2018-2030 (USD Billion)
Table 6. U.S. physician groups market revenue estimates and forecast, by practice size, 2018-2030 (USD Billion)
Table 7. U.S. physician groups market revenue estimates and forecast, by ownership, 2018-2030 (USD Billion)
Table 8. U.S. physician groups market revenue estimates and forecast, by region, 2018-2030 (USD Billion)

List of Figures

Figure 1 U.S. physician groups market segmentation
Figure 2 Market research process
Figure 3 Information procurement
Figure 4 Primary research pattern
Figure 5 Market research approaches
Figure 6 Value chain based sizing & forecasting
Figure 7 QFD modelling for market share assessment
Figure 8 Market formulation & validation
Figure 9 Market snapshot
Figure 10 Practice type & ownership segment outlook
Figure 11 Practice size & region segment outlook
Figure 12 Competitive landscape
Figure 13 U.S. physician groups market dynamics
Figure 14 U.S. physician groups market: Porter’s analysis
Figure 15 U.S. physician groups market: PESTLE analysis
Figure 16 U.S. physician groups market: Practice type segment dashboard
Figure 17 U.S. physician group market: Practice type movement share analysis
Figure 18 Single specialty group market, 2018-2030 (USD Billion)
Figure 19 Primary care by single specialty group market, 2018-2030 (USD Billion)
Figure 20 OB/GYN by single specialty group market, 2018-2030 (USD Billion)
Figure 21 Ophthalmology by single specialty group market,2018-2030 (USD Billion)
Figure 22 Surgical by single specialty group market, 2018-2030 (USD Billion)
Figure 23 Psychiatry by single specialty group market, 2018-2030 (USD Billion)
Figure 24 Cardiology by single specialty group market, 2018-2030 (USD Billion)
Figure 25 Anesthesiology by single specialty group market, 2018-2030 (USD Billion)
Figure 26 Dermatology by single specialty group market, 2018-2030 (USD Billion)
Figure 27 Radiology by single specialty group market, 2018-2030 (USD Billion)
Figure 28 Emergency medicine by single specialty group market, 2018-2030 (USD Billion)
Figure 29 Others by single specialty group market, 2018-2030 (USD Billion)
Figure 30 Multi-specialty group market, 2018-2030 (USD Billion)
Figure 31 Primary care by multi-specialty group market, 2018-2030 (USD Billion)
Figure 32 OB/GYN by multi-specialty group market, 2018-2030 (USD Billion)
Figure 33 Ophthalmology by multi-specialty group market, 2018-2030 (USD Billion)
Figure 34 Surgical by multi-specialty group market, 2018-2030 (USD Billion)
Figure 35 Psychiatry by multi-specialty group market, 2018-2030 (USD Billion)
Figure 36 Cardiology by multi-specialty group market, 2018-2030 (USD Billion)
Figure 37 Anesthesiology by multi-specialty group market, 2018-2030 (USD Billion)
Figure 38 Dermatology by multi-specialty group market, 2018-2030 (USD Billion)
Figure 39 Radiology by multi-specialty group market, 2018-2030 (USD Billion)
Figure 40 Emergency medicine by multi-specialty group market, 2018-2030 (USD Billion)
Figure 41 Others by multi-specialty group market, 2018-2030 (USD Billion)
Figure 42 U.S. physician group market: Practice size segment dashboard
Figure 43 U.S. physician group market: Practice size movement share analysis
Figure 44 Fewer than 5 physicians market, 2018-2030 (USD Billion)
Figure 45 5 to 10 market, 2018-2030 (USD Billion)
Figure 46 11 to 24 market, 2018-2030 (USD Billion)
Figure 47 25 to 49 market, 2018-2030 (USD Billion)
Figure 48 50+ physicians market, 2018-2030 (USD Billion)
Figure 49 U.S. physician group market: Ownership segment dashboard
Figure 50 U.S. physician group market: Ownership movement share analysis
Figure 51 Physician-owned market, 2018-2030 (USD Billion)
Figure 52 Hospital-owned market, 2018-2030 (USD Billion)
Figure 53 Private equity-owned market, 2018-2030 (USD Billion)
Figure 54 Others market, 2018-2030 (USD Billion)
Figure 55 U.S. physician groups market: Region segment dashboard
Figure 56 U.S. physician groups market: Region movement share analysis
Figure 57 Northeast market, 2018-2030 (USD Billion)
Figure 58 Southeast market, 2018-2030 (USD Billion)
Figure 59 Southwest market, 2018-2030 (USD Billion)
Figure 60 Midwest market, 2018-2030 (USD Billion)
Figure 61 West market, 2018-2030 (USD Billion)
Figure 62 Company categorization
Figure 63 Company market position analysis
Figure 64 Strategic framework

Companies Mentioned

The companies profiled in this U.S. Physician Groups market report include:

Cleveland Clinic
Kaiser Foundation Health Plan, Inc. (The Permanente Medical Group, Inc.)
UNITEDHEALTH GROUP (Optum, Inc.)
Select Medical (Select Physical Therapy)
C-HCA, Inc. (HCA Florida Healthcare Physicians (HCA, Inc.))
University of Pittsburgh Physicians (UPMC Physicians)
NYU Langone Health (NYU Langone Hospitals)
Northwestern Memorial HealthCare (Northwestern Medicine)
HealthCare Partners IPA (HealthCare Partners, MSO)
Northwell Health (Northwell Health Physician Partners)
RWJ Barnabas Health Medical Group
Ascension
Penn Medicine Physicians (The Trustees of the University of Pennsylvania)

Table Information

Report Attribute	Details
No. of Pages	100
Published	April 2025
Forecast Period	2024 - 2030
Estimated Market Value ( USD ) in 2024	$ 349.49 Billion
Forecasted Market Value ( USD ) by 2030	$ 542.99 Billion
Compound Annual Growth Rate	7.6%
Regions Covered	United States
No. of Companies Mentioned	14

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U.S. Physician Groups Market Report Highlights

Why Should You Buy This Report?

This report addresses:

Table of Contents

Companies Mentioned

Table Information

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