U.S. Primary Care Physicians Industry Overview
The U.S. primary care physicians market size was valued at USD 260.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 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.
Gather more insights about the market drivers, restraints, and growth of the U.S. Primary Care Physicians market
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.
The COVID-19 pandemic has created a high demand for primary care physicians in the U.S. Primary care practitioners are being approached for vaccination, and telehealth & virtual care services have created new opportunities for physicians to increase access to primary care across the country. The general pediatric physicians’ segment is expected to witness the fastest growth during the forecast period, owing to increasing awareness about preventive care among parents. Moreover, many physicians are focusing on pediatrics and internal medicine as subspecialties, which is expected to improve primary care visits with improved access in the coming years.
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U.S. Primary Care Physicians Industry Segmentation
Grand View Research has segmented the U.S. primary care physicians market on the basis of type:
U.S. Primary Care Physicians Type Outlook (Revenue, USD Billion, 2017 - 2030)
- General Practice, Family Physician, and Geriatrics
- General Internal Medicine
- General Pediatrics
Key Companies profiled:
Some prominent players in the U.S. Primary Care Physicians Industry include
- MDVIP
- One Medical Group, Inc.
- Rhode Island Primary Care Physicians Corporation (RIPCPC)
- ChenMed LLC
- Colonial Healthcare
- DuPage Medical Group (DMG)
- HealthCare Partners Medical Group
- New West Physicians
- Crossover Health Medical Group
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