U.S. Annual Wellness Visits Market Worth $3.1 Billion By 2030

U.S. Annual Wellness Visits Market Growth & Trends

The U.S. annual wellness visits market size is expected to reach USD 3.1 billion by 2030 exhibiting a CAGR of 11.63% during the forecast period according to a new report by Grand View Research, Inc. The growth is attributed to the factors such as increasing focus on preventive care and wellness, strong government support, increasing prevalence of chronic diseases, and the growing aging population. Annual Wellness Visits (AWV)s could help to reduce  healthcare costs and improve patient outcomes. For example, one study found that Medicare beneficiaries who received AWV had lower healthcare costs and hospitalization rates than those who did not receive these services. Moreover, AWV can help  identify individuals at risk for chronic diseases and provide early interventions, which can lead to improved health outcomes and reduced healthcare costs over time. As a result, there is a growing interest in expanding access to annual wellness visits and making them a standard part of preventive care for individuals of all ages.

The U.S. government has played  an important role in supporting annual wellness visits as a tool for preventive care. This has increased access to wellness services for Medicare beneficiaries in the country and has helped to promote the importance of preventive care. In addition, the Affordable Care Act (ACA) requires Medicare to cover certain preventive services, including annual wellness visits, without cost-sharing for patients. This has helped to ensure that individuals with private insurance also have access to these visits.

Mental health conditions, such as depression and anxiety, are prevalent in the U.S. population and can have a significant impact on an individual's overall health and well-being. According to the statistics published by the CDC, more than 50% of the U.S. population would be diagnosed with a mental disorder or illness at some point in their life.  Incorporating mental health screenings into annual wellness visits can help identify individuals who may be at risk for these conditions and provide early interventions.

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U.S. Annual Wellness Visits Market Report Highlights

• Based on services, health risk assessment captured the highest market share in 2022. It is a process of evaluating a person's health risks by collecting and analyzing health information

• In terms of provider type, the hospitals segment dominated the U.S. annual wellness visits industry in 2022. Hospitals conduct a comprehensive evaluation of a patient's health status, including a review of their medical history, current medications, and any existing health conditions

• Based on type, subsequent annual wellness visits accounted for the maximum revenue share in 2022. These are follow-up visits that occur after the initial AWV. These visits are costs lower compared to initial AWVs

• Based on specialty, the primary care segment captured the highest market share in 2022. A high number of visits for primary care as it offers comprehensive care and personalized guidance to patients which helps to maintain their good health and prevent diseases is driving the segment growth

U.S. Annual Wellness Visits Market Segmentation

Grand View Research has segmented the U.S. annual wellness visits market based on type, services, specialty, and provider type:

U.S. Annual Wellness Visits Type Outlook (Revenue, USD Million, 2018 - 2030)

• Initial Annual Wellness Visit

• Subsequent Annual Wellness Visit

U.S. Annual Wellness Visits Services Outlook (Revenue, USD Million, 2018 - 2030)

• Health Risk Assessment

• Physical Exam

• Laboratory Tests

• Immunizations

• Cancer Screening

• Mental Health Screening

• Health Education And Guidance

U.S. Annual Wellness Visits Provider Type Outlook (Revenue, USD Million, 2018 - 2030)

• Clinics

• Hospitals

• Physician’s Office

U.S. Annual Wellness Visits Specialty Outlook (Revenue, USD Million, 2018 - 2030)

• Primary Care

• Cardiology

• Infectious Disease

• Nephrology

• Endocrinology

List of Key Players in the U.S. Annual Wellness Visits Market

• Morris Hospital & Healthcare Centers

• Sparta Community Hospital District

• Medical Center Clinic

• St. Luke Community Healthcare.

• Mason Health.

• UC San Diego

• HealthCare Partners, MSO.

• Mercy

• RUSH Copley Medical Center

• Carson Tahoe Health

• Overlake Hospital Medical Center

• Northwestern Medicine

• The General Hospital Corporation

• Hamilton Health Care System

• UCLA Health