U.S. Physician Groups Market To Reach $542.99 Billion By 2030

U.S. Physician Groups Market Growth & Trends

The U.S. physician groups market size is expected to reach USD 542.99 billion by 2030, registering a CAGR of 7.62% from 2025 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the shift of practitioners from solo practices to group practices. In a group practice, a physician has the capacity to manage advanced, essential, and expensive medical equipment. Group practices can expand their reach to cover a broader geographic area, operate across multiple locations, serve a larger patient base, and achieve greater profitability. In addition, practitioners can receive valuable feedback and insights from colleagues and co-workers when working within a group.

In the U.S. market for physician groups, value-added services encompass various offerings beyond traditional medical care, such as telemedicine, chronic disease management programs, patient education resources, wellness programs, and preventive care initiatives. By offering these services, physician groups differentiate themselves in the market, attract new patients, and improve patient outcomes. For instance, in August 2023, The Northwestern Medical Group launched the Northwestern Medicine Canning Thoracic Institute Hispanic Program, offering personalized care to Hispanic patients in their native language.

The growing government initiatives to promote physicians' revenue in the U.S. are expected to propel the market's growth over the forecast period. Government bodies have realized the importance of physicians in developing a value-based healthcare system in the U.S. and have undertaken various initiatives to bridge these gaps between revenues of different specialties. For instance, in January 2024, Commons Clinic, a value-based physician group offering musculoskeletal care to patients in Los Angeles, launched the Center for Spine Economics, Outcomes, & Research with plans to invest USD 100 million over the next decade. The center aims to test and research new models that move spinal care into community-based accountable care networks and out to hospitals.

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U.S. Physician Groups Market Report Highlights

• Based on practice type, the single specialty segment led the market with the largest revenue share of 60.74% in 2024. The multi-specialty group segment is expected to grow at the fastest CAGR over the forecast period.

• Based on practice size, the fewer than five physicians segment led the market with the largest revenue share of 36.49% in 2024. The 50+ physicians’ segment is expected to grow at the fastest CAGR of over the forecast period.

• Based on ownership, the physician-owned segment led the market with the largest revenue share of 48.88% in 2024. The private equity segment is expected to grow at the fastest CAGR during the forecast period.

• The Southeast region dominated the U.S. physician groups market with the largest revenue share of 25.32% in 2024. The Western region of the U.S. physician groups market is expected to grow at the fastest CAGR during the forecast period.

U.S. Physician Groups Market Segmentation

Grand View Research has segmented U.S. physician groups market report based on practice type, practice size, ownership, and region:

U.S. Physician Groups Practice Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Single Specialty Group

  • Primary Care

  • OB/GYN

  • Ophthalmology

  • Surgical

  • Psychiatry

  • Cardiology

  • Anesthesiology

  • Dermatology

  • Radiology

  • Emergency Medicine

  • Others

• Multi-specialty Group

  • Primary Care

  • OB/GYN

  • Ophthalmology

  • Surgical

  • Psychiatry

  • Cardiology

  • Anesthesiology

  • Dermatology

  • Radiology

  • Emergency Medicine

  • Others

U.S. Physician Groups Practice Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Fewer than 5 Physicians

• 5 to 10

• 11 to 24

• 25 to 49

• 50+ Physicians

U.S. Physician Groups Ownership Outlook (Revenue, USD Billion, 2018 - 2030)

• Physician-owned

• Hospital-owned

• Private Equity-owned

• Others

U.S. Physician Groups Region Outlook (Revenue, USD Billion, 2018 - 2030)

• Northeast

• Southeast

• Southwest

• Midwest

• West

List of Key Players of U.S. Physician Groups Market

• Cleveland Clinic

• Kaiser Foundation Health Plan, Inc. (The Permanente Medical Group, Inc.)

• UNITEDHEALTH GROUP (Optum, Inc.)

• Select Medical (Select Physical Therapy)

• C-HCA, Inc. (HCA Florida Healthcare Physicians (HCA, Inc.))

• University of Pittsburgh Physicians (UPMC Physicians)

• NYU Langone Health (NYU Langone Hospitals)

• Northwestern Memorial HealthCare (Northwestern Medicine)

• HealthCare Partners IPA (HealthCare Partners, MSO)

• Northwell Health (Northwell Health Physician Partners)

• RWJ Barnabas Health Medical Group

• Ascension

• Penn Medicine Physicians (The Trustees of the University of Pennsylvania)