The concierge medicine market size was valued at USD 21.1 billion in 2023 and is expected to reach the market size of USD 38.9 billion by 2032, at a CAGR of 7.1%.
FORT COLLINS, Colo., April 17, 2024 (Globe Newswire) —
Demand for personalized premium healthcare services is increasing to drive industry growth.
The surge in demand for personalized medical services is driving growth in healthcare services. Concierge pharmaceutical market. Patients are increasingly demanding personalized, comprehensive care, characterized by longer office visits and improved access to healthcare providers. Traditional healthcare systems often fail to meet these expectations, leaving patients dissatisfied with minimal face-to-face interaction and the need to rush appointments. Concierge Medicine addresses this gap by offering a tailored approach to meet individual needs, providing a more intimate and personalized healthcare experience. According to Concierge Medicine Today, there are an estimated 5,000 to 7,000 concierge medical program and subscription-based provider physicians operating in the United States.
The concierge pharmaceutical market is ripe for expansion due to several key factors, including increasing insurance coverage, technological advances, and adoption of innovative payment models. As the demand for personalized healthcare services increases, there is potential for insurers and healthcare providers to form partnerships and introduce coverage options tailored to concierge healthcare services. Additionally, technological innovations such as telemedicine and remote monitoring tools expand the geographic accessibility of concierge services, thereby increasing patient convenience and facilitating provider reach.
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Segmentation overview:
The Concierge Pharmaceuticals market is segmented into service type, ownership, age group, pricing model, and region.
Group practices have recorded significant growth in the past.
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Based on market segmentation by ownership, group practices were the largest segment in 2023. Group practices provide physicians with resources, infrastructure, and brand reputation to attract more patients. As demand for concierge services increases, large healthcare organizations and hospital systems are adopting this approach to meet the growing need for personalized care.
In 2023, primary care accounted for a large market share.
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Based on market segmentation by product type, the primary care segment accounted for the largest market share in 2023. This division includes essential medical services such as regular health checkups, chronic disease management, and general consultations, which are the core services of a concierge. medical practice. The personalized and comprehensive nature of primary care services aligns well with the concierge model’s focus on providing personalized, patient-centered care.
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Highlights of the Concierge Pharmaceutical Market Report:
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Prominent players in the Concierge Pharmaceutical Market report include MDVIP, Signature Healthcare, Paragon Private Health, Concierge Choice Physicians, Castle Connolly Private Health Partners, Concierge Medicine of Buckhead, Qliance, ACCAD Medical, MD2, and Concierge Medical.
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