U.S. Concierge Medicine Market Size, Share & Trends Report

U.S. Concierge Medicine Market Size, Share & Trends Analysis Report By Specialty (Primary Care, Pediatrics, Osteopathy, Internal Medicine, Cardiology, Psychiatry), By Ownership (Standalone, Group), And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-4-68039-596-6
  • Number of Pages: 70
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2022
  • Industry: Healthcare

Market Segmentation

  • U.S. Concierge Medicine Specialty Outlook (Revenue, USD Million, 2018 - 2030)
    • Primary Care
    • Pediatrics
    • Osteopathy
    • Internal Medicine
    • Cardiology
    • Psychiatry
    • Others
  • U.S. Concierge Medicine Ownership Outlook (Revenue, USD Million, 2018 - 2030)
    • Standalone
    • Group

U.S. Concierge Medicine Market Dynamics

Driver: Advantages Of Concierge Medicine To Patients

The patient membership model or concierge medicine is progressively gaining popularity in the U.S. healthcare system. In this model, the patient pays a monthly or annual retainer fee in exchange for enhanced personalized care from the doctor. This includes services such as round-the-clock access to physicians, office visits, house calls, referrals to specialists, care while traveling, preventive care, regular health assessment, and others. Such easy access to these services is attracting patients and hence they adopt concierge medicine. Furthermore, it promotes better doctor and patient relationships, which is very important for fast recovery. In addition, it focuses more on preventive care, which can reduce the risk of serious chronic diseases. The concierge doctors keep themselves available for patients and coordinate care by making appointments with specialists on their behalf coupled with a whole family can visit the same doctor. Therefore, such advantages associated with concierge medicine to patients are expected to boost the demand in the coming years.

Driver: Rising Adoption Of Concierge Medicine Among Physicians

Several benefits associated with concierge medicine are anticipated to boost market growth. Apart from patients, physicians are aware of the advantages which is driving product demand.   According to the Concierge Medicine Today, LLC there are around 10,000 to 25,000 physicians or subscription-based programs across the U.S. The strategic presence of players, such as MDVIP, Specialdocs Consultants LLC, Signature MD, and others, which provide regulatory, marketing, and operational support to physicians to transition from traditional to concierge practice is likely to favor market growth. Concierge doctors see on average 6 to 8 patients in a day, which is 80% to 90% less than that in traditional practice. Despite this, physicians under concierge practice earn more money and profit than those in traditional medicine. Thus, these factors are predicated on boosting market progress.

Restraint: Lack Of Health Insurance Coverage

Lack of health insurance coverage is one of the major drawbacks in the market. Concierge care is largely a patient-funded approach. This is most likely affordablefor upper- and middle-class people.In addition, since concierge medicine focuses on preventive care services, such as health & lifestyle coaching, annual health assessments and physical examinations, and weight management, which are measured not medically necessary, they are not reimbursed, and patients need to pay from their pocket.   

What Does This Report Include?

This section will provide insights into the contents included in this U.S. concierge medicine market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

U.S. concierge medicine market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

U.S. concierge medicine market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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