Concierge medicine involves direct primary care arrangements between patients and physicians outside of insurance. Physicians provide patients with an enhanced level of access and personalized care through annual membership fees. Patients receive services such as same or next day appointments, house calls, extended visits with their doctor and 24/7 access to their physician by phone or email. Advantages of concierge medicine include greater access to healthcare providers, more time for comprehensive treatment and improved patient outcomes as physicians can focus on preventive care rather than rushing through visits. With rising healthcare costs and insurance premiums in many countries, direct primary care is becoming an increasingly attractive alternative for patients who are willing to pay a membership fee for personalized care.
The Global Concierge Medicine Market is estimated to be valued at US$ 19.86 Bn in 2024 and is expected to exhibit a CAGR of 9.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Concierge Medicine market are PartnerMD, Signature MD, Specialdocs Consultants, LLC, Peninsula Doctor, One Medical, PartnerMD, Cambell Family Medicine, MDVIP, Paladina Health, Castle Connolly Private Health Partners, HealthLynked, PinnacleCare, VIPcare, Access Health Care Physicians, Diamond Physicians, The Doctors Clinic Group, and Crossover Health. PartnerMD and MDVIP are recognized as the largest players in this space with hundreds of physicians across the US employing the concierge model.
The Concierge Medicine Market Demand services is growing due to rising healthcare costs and insurance premiums. Patients are increasingly seeking alternative models with personalized primary care that they can rely on. Direct primary care appeals to consumers who want enhanced access and quality time with their preferred doctors.
The concierge medicine market is rapidly expanding on a global scale, especially in developed nations with higher healthcare expenditures. Physicians in countries like the US, Canada, UK, Australia and parts of Europe have adopted this boutique healthcare model. The personalized approach has resulted in high patient satisfaction and retention rates, fueling the international expansion of concierge medical practices.
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