U.S. Primary Care Physicians Market Size, Share | Report 2022-2030
The U.S. primary care physicians market size is expected to be worth around US$ 308.03 billion by 2030, according to a new report by Vision Research Reports.
The U.S. primary care physicians market size was valued at US$ 465.71 billion in 2021 and is anticipated to grow at a CAGR of 4.7% during forecast period 2022 to 2030.
Access to primary care providers can curb the growing rate of hospitalization, usage of prescription drugs, and prevalence of chronic diseases. General physicians practicing internal medicine, family medicine, and pediatrics provide early detection of diseases with immediate treatment, management of chronic conditions, and preventive measures. Primary care is the center of the U.S. healthcare system, reforms in the healthcare coverage will reenergize the infrastructure and aid the rebuilding of the primary care payment and delivery model. The comprehensive care provided by primary care physicians (PCPs) and the continuous patient and physician relationship is essential to improve the quality of care which will lead to positive patient outcomes in the long run.
The U.S. healthcare system majorly relies on primary care doctors to lower the overall Medicare spending. Government bodies have realized the importance of primary care 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. These initiatives are anticipated to empower primary care physicians to spend more time with patients rather than performing other administrative work.
The Centers for Medicare & Medicaid Services (CMS) have developed several models such as Comprehensive Primary Care Plus (CPC+) and Primary Care First Model to strengthen primary care at the regional and national levels. These models offer innovative payment structure that enhances the delivery of primary care. This enables primary care physicians to focus on prioritizing the doctor-patient relationship, patients with chronic diseases, and improving healthcare outcomes.
Market Study
In 2019, general practice, family physician and geriatrics physicians segment generated the highest revenue share of over 40% due to increasing dependence on family physicians and general practitioners from Medicare beneficiaries. However, the general pediatric physician segment is projected to witness the fastest growth during the forecast period due to rising awareness among parents and increasing prevalence of chronic diseases in children.
In the U.S., family physicians are front-line caregivers to people from different socioeconomic backgrounds in urban and rural areas across the 50 states. One in every five office physician visits is made to a family physician which accounts for around 192 million visits annually. Family physicians are an integral part of the rural primary care system.
General Practice (GP) physicians have similar practices and patients as family physicians; however, they do not receive training on other subspecialties. General practitioners are skilled to treat all medical conditions and identify cases where patients require continuous care from a specialist. GPs are skilled to provide diagnosis and treatment of acute ailments to children and adults and initial treatment for chronic conditions
General internal medicine practitioners play an important role in controlling the expanding healthcare cost and implementing reforms in the primary healthcare system. In 2017, internal medicine physicians accounted for 34.5% of the total PCPs according to AMA physician masterfile and around 24 general internists were available per 100,000 Americans.
Some of the prominent players in the U.S. primary care physicians market include:
MDVIP
One Medical Group, Inc.
Rhode Island Primary Care Physicians Corporation (RIPCPC)
ChenMed LLC
DuPage Medical Group (DMG)
HealthCare Partners Medical Group
New West Physician
Crossover Health Medical Group
Market Segmentation
Type Outlook
General Practice, Family Physician and Geriatrics
General Internal Medicine
General Pediatrics
Table of Contents
Chapter 1 Report Scope
1.1 Market Segmentation
1.2 Estimates And Forecast Timeline
Chapter 2 Report Objectives
2.1 Objective 1
2.2 Objective 2
Chapter 3 Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.2.1 Type
3.3 Competitive Insights
Chapter 4 Market Variables, Trends, & Scope
4.1 Market Lineage Outlook
4.1.1 Parent Market Outlook
4.2 Market Dynamics
4.2.1 Market Driver Analysis
4.2.1.1 Access To Primary Care Leads To Improved Healthcare Outcomes And Reduces Medical Expenditure
4.2.1.2 Increasing Demand For Primary Care From Insured Population
4.2.1.3 Government Initiatives To Improve Revenue For Primary Care Physicians
4.2.2 Market Restraint Analysis
4.2.2.1 Rising Gap Between Demand And Supply Of Primary Care Physicians
4.2.2.2 Administrative Burden And Rising Operational Cost
4.3 Business Environment Analysis Tools
4.3.1 Porter’s Five Forces Analysis
4.3.1.1 Competitive Rivalry - High
4.3.1.2 Bargaining Power Of Suppliers
4.3.1.3 Bargaining Power Of Buyers
4.3.1.4 Threat Of New Entrants
4.3.1.5 Threat Of Substitute
4.3.2 Pestel Analysis
4.3.2.1 Political And Legal Landscape
4.3.2.2 Economic Landscape
4.3.2.3 Technological And Social Landscape
4.4 Penetration & Growth Prospect Mapping
4.5 Regulatory & Reimbursement Framework
4.5.1 Regulatory Scenario
4.5.2 Reimbursement Framework
4.6 Major Deals & Strategic Alliances Analysis
4.6.1 Mergers & Acquisitions And Joint Ventures
4.6.2 Licensing & Partnership And Technology Collaborations
Chapter 5 U.S. Primary Care Physician (Pcp) Market: Type Analysis
5.1 U.S. Primary Care Physician (Pcp) Market Share Analysis, 2019 & 2027
5.2 U.S. Primary Care Physician (Pcp) Type Market: Segment Dashboard
5.3 Market Size & Forecasts And Trend Analysis, 2016 To 2027 For The Type Segment
5.3.1 General Practice, Family Physician And Geriatrics
5.3.1.1 General Practice, Family Physician And Geriatrics Market, 2016 - 2027 (USD Million)
5.3.2 General Internal Medicine
5.3.2.1 General Internal Medicine Market, 2016 - 2027 (USD Million)
5.3.3 General Pediatrics
5.3.3.1 General Pediatrics Market, 2016 - 2027 (USD Million)
Chapter 6 Competitive Analysis
6.1 Recent Developments & Impact Analysis, By Key Market Participants
6.2 Strategic Framework/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players
6.2.1 Company Market Position Analysis (Market Presence, Employee Strength, Product Portfolio, Strategic Initiatives)
6.3 Company Profiles: Service Providers
6.3.1 MDVIP
6.3.1.1 Company Overview
6.3.1.2 Service Benchmarking
6.3.1.3 Strategic Initiatives
6.3.2 LIFE HEALTHCARE, INC. (ONE MEDICAL GROUP)
6.3.2.1 Company Overview
6.3.2.2 Service Benchmarking
6.3.2.3 Strategic Initiatives
6.3.3 RHODE ISLAND PRIMARY CARE PHYSICIANS CORPORATION (RIPCPC)
6.3.3.1 Company Overview
6.3.3.2 Service Benchmarking
6.3.3.3 Strategic Initiatives
6.3.4 CHENMED LLC
6.3.4.1 Company Overview
6.3.4.2 Service Benchmarking
6.3.4.3 Strategic Initiatives
6.3.5 COLONIAL HEALTHCARE
6.3.5.1 Company Overview
6.3.5.2 Service Benchmarking
6.3.5.3 Strategic Initiatives
6.3.6 DUPAGE MEDICAL GROUP
6.3.6.1 Company Overview
6.3.6.2 Service Benchmarking
6.3.6.3 Strategic Initiatives
6.3.7 HEALTHCARE PARTNERS
6.3.7.1 Company Overview
6.3.7.2 Service Benchmarking
6.3.7.3 Strategic Initiatives
6.3.8 NEW WEST PHYSICIANS.
6.3.8.1 Company Overview
6.3.8.2 Service Benchmarking
6.3.8.3 Strategic Initiatives
6.3.9 CROSSOVER HEALTH MEDICAL GROUP
6.3.9.1 Company Overview
6.3.9.2 Service Benchmarking
6.3.9.3 Strategic Initiatives
Chapter 7 Recommendations
7.1 Recommendations
Chapter 8 Research Methodology & Scope
8.1 Research Methodology
8.2 Information Procurement
8.2.1 Purchased Database
8.2.2 Gvr’s Internal Database
8.2.3 Secondary Sources
8.2.4 Primary Research
8.2.5 Details Of Primary Research
8.3 Information Or Data Analysis
8.3.1 Data Analysis Model
8.4 Market Formulation & Validation
8.5 Model Details
8.5.1 Commodity Flow Analysis
8.5.2 Volume Price Analysis
8.6 List of Secondary Sources
8.7 List of Abbreviations
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers