{"id":47405,"date":"2022-08-17T19:01:46","date_gmt":"2022-08-17T17:01:46","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/u-s-concierge-medicine-market-to-reach-13-3-billion-by-2030-researchandmarkets-com\/"},"modified":"2022-08-17T19:01:46","modified_gmt":"2022-08-17T17:01:46","slug":"u-s-concierge-medicine-market-to-reach-13-3-billion-by-2030-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/u-s-concierge-medicine-market-to-reach-13-3-billion-by-2030-researchandmarkets-com\/","title":{"rendered":"U.S. Concierge Medicine Market to Reach $13.3 Billion by 2030 – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “U.S. Concierge Medicine Market Size, Share & Trends Analysis Report by Application (Primary Care, Internal Medicine, Cardiology, Psychiatry), by Ownership (Standalone, Group), and Segment Forecasts, 2022-2030”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.\n<\/p>\n

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\nThe U.S. concierge medicine market size is expected to reach USD 13.3 billion by 2030. The market is expected to expand at a CAGR of 10.27% over the forecast period. Rising waiting time for a physician appointment, shortage of physicians and rising prevalence of chronic diseases are driving the patients from conventional settings to non-traditional care settings.\n<\/p>\n

\nThis, coupled with more time with physicians, fewer hospitalizations, and focus on preventive care are driving the growth of the market. The U.S. healthcare system is currently dealing with a critical shortage of PCPs, as the majority of medical graduates are taking specialization courses.\n<\/p>\n

\nAccording to the Association of American Medical Colleges, the U.S. is anticipated to witness a shortage of 21,000 to 55,200 primary care doctors by 2032. This is expected to widen the gap between healthcare demand and the supply of doctors. Hence, many patients are moving towards subscription-based care to ensure easy access to quality care even if there is a physician shortage. Physician burnout is the prime reason for the increasing adoption of the retainer care model. According to the Medscape National Physician Burnout & Suicide Report 2020, 42% of the physicians accepted that they are burned out. The survey consisted of over 15,000 physicians in over 29 specialties.\n<\/p>\n

\nFemale doctors are experienced more burnout and stress. In the retainer model, the physicians manage to earn more despite small patient panels and establish a work-life balance. The idea of controlling their work, setting equal membership fees compared to male counterparts, allocating more family time, and pursuing personal and professional interests is offering an attractive choice to the women practitioners. As a result, a large number of female doctors are switching to a retainer or membership-based practice. An increasing number of specialists are embracing the retainer care model in recent years. Specialties, such as endocrinology, podiatry, pediatrics, OB-GYN, rheumatology, psychiatry, dermatology, nephrology, oncology, and others, are witnessing a gradual increase in concierge care.\n<\/p>\n

\nAccording to the Physicians Foundation 2016 Survey of Americas Physicians, in 2016, 6.9% of the specialists were planning to switch to cash or concierge practice. The rising participation and interest of specialty physicians in the membership model is expected to boost the market growth. The COVID-19 pandemic has increased the demand for membership-based practices. Many people adopted the membership model to ensure better access to COVID-19 testing, vaccines, and treatment. Furthermore, many physicians facing financial crises due to reduced patient volume switched to retainer practice, thereby propelling the market growth.\n<\/p>\n

\nU.S. Concierge Medicine Market Report Highlights<\/strong>\n<\/p>\n