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

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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