U.S. Primary Care Physicians Market Poised for Robust Growth is Expected to Reach USD 349 Billion by 2030

U.S. Primary Care Physicians Market Poised for Robust Growth is Expected to Reach USD 349 Billion by 2030

 

According to industry analysts at Next Move Strategy Consulting, the U.S. Primary Care Physicians Market is set to experience significant growth, with an estimated value USD 349 billion reflecting a robust CAGR of 4% by 2030. The market’s expansion is driven by an increasing burden of chronic diseases, a rising elderly population, and the growing emphasis on preventive healthcare.

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Key Market Drivers

As the prevalence of chronic diseases such as diabetes, cardiovascular diseases, and respiratory ailments escalates in the U.S., the need for primary care services is intensifying. According to the Centers for Disease Control and Prevention (CDC), around 129 million Americans suffer from at least one chronic disease. The increasing incidence of these conditions is pushing demand for regular health monitoring, medication management, and disease prevention, further fuelling market growth.

Additionally, the aging population in the U.S. is contributing to the market’s expansion. With the elderly population expected to rise from 58 million in 2022 to 82 million by 2050, there is an increasing demand for primary care services tailored to the unique health needs of older adults. Primary care physicians are crucial in providing regular check-ups, preventive care, and managing age-related health issues, thereby playing a vital role in addressing the demands of this growing demographic.

Moreover, a growing focus on preventive healthcare in the U.S. is enhancing the demand for primary care physicians. Through regular screenings, vaccinations, and lifestyle counselling, primary care providers are instrumental in reducing the risk of chronic diseases and promoting healthier lifestyles, further driving market growth.

Market Challenges and Opportunities

While the U.S. primary care physicians’ market is expanding, a shortage of primary care physicians in rural and underserved urban areas poses a challenge. However, the increasing integration of technology, including electronic health records (EHRs), artificial intelligence (AI), and remote monitoring devices, offers promising opportunities to overcome these challenges. AI, in particular, is enhancing the efficiency of primary care by supporting physicians in diagnostic accuracy, streamlining administrative tasks, and providing data-driven insights for better patient care.

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Market Segmentation

The U.S. Primary Care Physicians Market is segmented into service type, physician type, and patient type:

  • Service Type:Preventive Care, Chronic Disease Management, Acute Care, Behavioral Health, Maternity, and Pediatric Care
  • Physician Type:General Practitioners, Internal Medicine Physicians, Pediatricians, and Others
  • Patient Type:Adult, Geriatric, and Pediatric

Key Players in the Market

Leading players in the U.S. primary care physicians market include MDVIP, 1Life Healthcare, Inc. (One Medical Group), Rhode Island Primary Care Physicians Corporation (RIPCPC), Duly Health and Care, Optum, Inc., ChenMed LLC, Premier Medical Associates, Colonial Healthcare, New West Physicians, and Crossover Health Medical Group. These companies are adopting various strategies such as partnerships, new launches, and expansions to solidify their position in the market.

For example, in January 2024, Optum launched the Optum Provider Value Network, a program designed to support independent primary care physicians in value-based care contracts. Similarly, in December 2023, RIPCPC formed a collaboration with Akido Labs to enhance healthcare delivery through AI-driven population health management.

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