U.S. Primary Care Physicians Market Size, Share & Trends Analysis Report By Type (General Practice, Family Physician & Geriatrics, General Internal Medicine), By Region, And Segment Forecasts, 2024 - 2030

Market Segmentation

• U.S. Primary Care Physicians Type Outlook (Revenue, USD Billion, 2018 - 2030)
  • General Practice, Family Physician and Geriatrics
  • General Internal Medicine
  • General Pediatrics
• U.S. Primary Care Physicians Regional Outlook (Revenue, USD Billion, 2018 - 2030)
  • West
  • Northeast
  • Southeast
  • Southwest
  • Midwest

U.S. Primary Care Physicians Market Dynamics

Drivers: Access To Primary Care Can Lead To Improved Healthcare Outcomes And Reduced Medical Expenditure

The United States has the most advanced healthcare system, but its healthcare spending is significantly higher compared to other developed economies. According to CMS, healthcare spending accounted for 17.7% of the GDP in 2019 and is expected to reach 19.7% in the next ten years. Primary care services act as gatekeepers for the healthcare system, significantly improving healthcare outcomes and reducing overall medical expenditure. Furthermore, the U.S. Secretary of Health and Human Services has undertaken initiatives to improve access to primary care in the Medicare program. They have also stated that primary care can lead to a higher quality of care with better patient outcomes and lower costs. Initiatives from the government and the involvement of insurance providers to increase access to primary care providers are expected to propel the market during the forecast period.

Increasing Demand For Primary Care From Insured Population

The Patient Protection and Affordable Care Act (ACA) has made health insurance accessible to millions of uninsured U.S. individuals in the past decade. The nonelderly population not covered by Medicare, especially young adults, have gained maximum benefits from these health coverage programs. In 2018, the United States Census Bureau reported that the percentage of insured people was 91.5%. With an increase in the insured population, there is an upsurge in the consumption of healthcare services. Demand for primary care services and PCP are, thus, anticipated to increase over the forecast period. Primary care is the center of the U.S. healthcare system, and reforms in healthcare coverage will reenergize the primary care infrastructure and aid in rebuilding the primary care payment & delivery model. Comprehensive care provided by primary care doctors and maintenance of patient and physician relations is essential to improve the quality of care, which can lead to positive patient outcomes in the long run. The U.S. healthcare system, thus, majorly relies on primary care doctors to lower the overall Medicare spending. Access to affordable healthcare coverage is expected to drive the demand for primary care providers to make sustainable improvements in quality, cost, access, and efficiency of care.

Restraints: Gap Between Demand And Supply Of Primary Care Physicians

There is an overall need for more physicians in the U.S. healthcare system. In a report published on the complexities of physician demand and supply in April 2018, the Association of American Medical Colleges (AAMC) estimated a deficit of 121,300 physicians by 2030. This includes a shortage of around 72,000 specialists and 49,000 primary care physicians. One of the primary reasons for physician shortage is aging of primary care physicians. According to a census of actively licensed physicians performed in 2017 reports, as of 2016, 29.2% of practicing licensed physicians were over the age of 60 years in the U.S. Furthermore, the new generations of medical students are opting for other specialties over primary care. This is mainly due to the income gap between primary care physicians and specialists. This gap between demand and supply of primary care doctors is anticipated to impact primary care services due to increased patient wait time and administrative burden, which can affect the quality of care and patient outcomes.

What Does This Report Include?

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

U.S. primary care physicians 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. primary care physicians 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