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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