Get All the Details in Our Solutions – Download Brochure: https://www.towardshealthcare.com/download-brochure/5437
Market Overview
Concierge medicine refers to a healthcare approach that offers quicker access to healthcare services, which often includes appointments on the same day or the next day. The value of convenience and contiguity for patients are the main factors supporting the growth of the U.S. concierge medicine market. This approach typically has a smaller patient load to physicians than traditional practices, allowing them to spend more time with each patient. The rising focus on proactive health measures, personalized attention, and quick response makes concierge medicine a popular choice.
With the rising incidences of chronic diseases and the growing geriatric population, there is a high demand for primary care services and better healthcare services. Since concierge medicine provides quick access to healthcare services, there is a rapid shift toward this proactive approach. The rise of telehealth is further driving market growth. Moreover, key companies operating in the market are leveraging technologies that help improve patient communication, optimize administrative processes, and facilitate virtual consultations, supporting the growth of the market.
You can place an order or ask any questions, please feel free to contact us at sales@towardshealthcare.com
Major Trends in the U.S. Concierge Medicine Market
Shortage of Primary Care Physicians:
There is a shortage of primary care physicians in the U.S., which is a major factor fueling the growth of the market. Primary care physicians are the most visited healthcare professionals by people seeking urgent medical attention. The shortage of primary care physicians leads to inconvenience and long waiting times for appointments, which further exacerbates conditions. McKinsey & Company had estimated that there would be a shortage of up to 64,000 primary care physicians in the U.S. by the end of 2024, and the deficit could grow to up to 86,000 by 2036.
Emphasis on Preventive Care:
The concierge medicine approach is more personal and patient-centric when it comes to preventive care. The concierge professionals have a comparatively small number of patients, which helps them provide personal attention, dedicate more time, understand medical history, and create customized treatment plans for individual patients. Understanding the patient's lifestyle and medical and family health history makes it easier for these professionals to create a customized treatment plan.
It encourages a collaborative approach to healthcare services between physicians and patients. Concierge medicine services offer a subscription-based model that functions according to the patient's convenience. They also provide timely screening tests, vaccinations, and other preventive healthcare services. The rising awareness amongst the population regarding preventive healthcare services is driving the growth of the market.
Elevate your healthcare strategy with Towards Healthcare. Enhance efficiency and drive better outcomes—schedule a call today: https://www.towardshealthcare.com/schedule-meeting
Rise of Telemedicine:
With the growing awareness of the benefits of telemedicine, there is a high adoption rate of telemedicine services. Telemedicine allows patients to connect with healthcare professionals from the comfort of their home or office. This convenience factor further improves patient outcomes. Utilizing telemedicine allows concierge medicine services to improve accessibility. This makes it a popular choice that is suited for patients with non-emergency healthcare requirements. The improvement and integration of electronic health records help streamline patient management with the availability of medical history and other information, which helps concierge medical professionals update and obtain necessary patient information.
Geographical Insights
The U.S. concierge medicine market continues to grow rapidly during the forecast period due to several factors. Firstly, the increase in the number of patients and the rising geriatric population requiring primary healthcare services. Secondly, well-established healthcare and pharmaceutical infrastructure and the rising integration of advanced technologies. In addition, patients are increasingly seeking more personalized healthcare experiences. The approach of concierge medicine eliminates long waiting times for appointments and inconvenience, providing a more tailored approach.
In the aftermath of the COVID-19 pandemic, the acceptance of telemedicine and telehealth has increased on an unprecedented scale. The easy accessibility and availability of qualified medical professionals and the convenience of time and place are making concierge medicine a popular alternative for people. The growing geriatric population and rising incidences of chronic diseases that require primary care are further boosting the demand for concierge medicine. In addition, people are becoming more aware of the benefits of this proactive approach, leading to its high acceptance and contributing to market growth.
Get the latest insights on healthcare industry segmentation with our Annual Membership: https://www.towardshealthcare.com/get-an-annual-membership
Market Segmentation
Ownership Insights
The group segment dominated the U.S. concierge medicine market with the largest share in 2024. This plan provides coverage for a group of members. The companies in the group segment provide a membership-based care model affiliating with many qualified and experienced physicians and clinicians. This membership model offers legal compliance, marketing, and enhanced patient communication. Many physicians choose to work in unison with the concierge care business. Many features like enhanced medical examination, travel care, wellness, life coaching, visitor care, VIP rooms, and care coordination are offered by companies for patients. This ownership reduces overhead costs through shared resources and offers various services, enhancing patient satisfaction.
Application Insights
The primary care segment registered dominance in 2024. This is mainly due to the rise in demand for preventative and primary care services. The benefit of overseeing a smaller number of patients allows physicians to focus and dedicate time to understanding the patient’s needs and history. For primary care physicians, concierge medicine offers work-life balance, and they can provide customized and personalized health services to their patients.
Competitive Landscape & Major Breakthroughs in the Market
The U.S. concierge medicine market is growing steadily. The market is highly competitive, as various market players are making efforts to expand their footprints worldwide. Some of the key players operating in the market include Signature MD, PD/GO, Peninsula Doctor, U.S. San Diego Health, Crossover Health, Castle Connolly Private Health Partners, Destination Health, PartnerMD, Cambell Family Medicine, Priority Physicians, Inc., Concierge Consultants & Cardiology, MDVIP, and Specialdocs Consultants, LLC.
Browse More Insights of Towards Healthcare:
• U.S. Healthcare CRM Market Size: https://www.towardshealthcare.com/insights/us-healthcare-crm-market-sizing
• U.S. Pharmaceutical CDMO Market Size: https://www.towardshealthcare.com/insights/us-pharmaceutical-cdmo-market-sizing
• U.S. 503B Compounding Pharmacies Market Size: https://www.towardshealthcare.com/insights/us-503b-compounding-pharmacies-market-sizing
• U.S. Biotechnology Market Size: https://www.towardshealthcare.com/insights/us-biotechnology-market-sizing
• U.S. Genotyping Market Size: https://www.towardshealthcare.com/insights/us-genotyping-market-sizing
• U.S. Cell Therapy Market Size: https://www.towardshealthcare.com/insights/us-cell-therapy-market-sizing
• U.S. Exosomes Market Size: https://www.towardshealthcare.com/insights/us-exosomes-market-sizing
• U.S. Child Care Market Size: https://www.towardshealthcare.com/insights/us-child-care-market-size
• U.S. Home Infusion Therapy Market Size: https://www.towardshealthcare.com/insights/us-home-infusion-therapy-market-size
• 503A U.S. Compounding Pharmacies Market Size: https://www.towardshealthcare.com/insights/503a-us-compounding-pharmacies-market
• U.S. Behavioral Health Market Size: https://www.towardshealthcare.com/insights/us-behavioral-health-market
Recent Developments in the Market
• In December 2024, Twin sisters Dr. Lara Baatenburg and Dr. Jana Baatenburg opened Concierge Medicine of West Michigan at 6741 E Fulton St. This facility aims to update the primary care model and offer a personalized, membership-based healthcare service to enhance patient convenience and satisfaction.
• In October 2024, Cleveland Clinic announced its plan to expand care through concierge medicine and executive health practices in Nevada. The clinic is set to begin seeing patients in the third quarter of 2025 or 2026.
Segments Covered in the Report
By Ownership
• Group
• Standalone
By Application
• Primary Care
• Pediatrics
• Internal Medicine
• Psychiatry
• Cardiology
• Osteopathy
• Others
Discover our detailed Table of Contents (TOC) for the U.S. Concierge Medicine Market @ https://www.towardshealthcare.com/table-of-content/us-concierge-medicine-market-sizing
Invest in Our Premium Strategic Solution @ https://www.towardshealthcare.com/price/5437
You can place an order or ask any questions, please feel free to contact us at sales@towardshealthcare.com
Gain access to the latest insights and statistics in the healthcare industry by subscribing to our Annual Membership. Stay updated on healthcare industry segmentation with detailed reports, market trends, and expert analysis tailored to your needs. Stay ahead of the curve with valuable resources and strategic recommendations. Join today to unlock a wealth of knowledge and opportunities in the dynamic world of healthcare: Get a Subscription
About Us
Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.
Browse our Brand-New Journals:
Precedence Research | Statifacts | Towards Packaging | Towards Automotive | Towards Dental | Towards EV Solutions | Nova One Advisor | Healthcare Webwire | Packaging Webwire | Automotive Webwire
For Latest Update Follow Us: https://www.linkedin.com/company/towards-healthcare
