United States Concierge Medicine Market Expected to Boom at 10.32% CAGR, Reaching US$6.73 Billion by 2033

United States Concierge Medicine Market
United States Concierge Medicine Market

The United States concierge medicine market  will be valued US$17.97 billion. A compound annual growth rate (CAGR) of 10.32% is projected for the concierge medicine sector between 2023 and 2033. By 2023, concierge medicine sales in the US are expected to reach US$ 6.73 billion.

Patients in concierge medical practices pay an out-of-pocket retainer to receive the doctor’s services in a private setting. Additional services may be offered, such as house calls, lab testing, office visits, care while traveling, specialist referrals, preventive care, routine health examinations, and more.

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This significant growth can be attributed to several key factors:

  • Demand for personalized care: Patients are increasingly seeking healthcare experiences that cater to their individual needs and preferences. Concierge medicine offers a personalized approach, with extended access to physicians and a more comprehensive range of services.
  • Rising disposable income: As disposable income levels rise in the United States, more patients are able to afford the retainer fees associated with concierge medicine practices.
  • Time constraints: Busy lifestyles are leading many people to prioritize convenience in their healthcare choices. Concierge medicine offers extended appointment hours, reduced wait times, and streamlined access to care.

Key Takeaways:

  • The United States concierge medicine market is expected to reach US$17.97 billion by 2033, reflecting a robust CAGR of 10.32%.
  • Rising demand for personalized healthcare and increased disposable income are driving market growth.
  • Concierge medicine offers patients personalized care, extended access, and a wider range of services.

Shorter wait times, better compensation, and work satisfaction are just a few advantages of concierge medicine, all of which are anticipated to support market expansion. The market may be driven by the aging population and the increased need for healthcare services from concierge medicine.

Key Players:

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

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Key Segments:

By Specialty:

  • Primary Care
  • Pediatrics
  • Osteopathy
  • Internal Medicine
  • Cardiology
  • Psychiatry
  • Others

By Ownership:

  • Standalone
  • Group

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa
  • Europe

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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