United States Primary Care Physician Market Insights Forecasts to 2033

• The U.S. Primary Care Physician Market Size was valued at USD 270.50 Billion in 2023.
• The Market is Growing at a CAGR of 3.33% from 2023 to 2033
• The U.S. Primary Care Physician Market Size is Expected to Reach USD 375.50 Billion by 2033

The U.S. Primary Care Physician Market Size is Anticipated to Exceed USD 375.50 Billion by 2033, Growing at a CAGR of 3.33% from 2023 to 2033.

Market Overview

Primary care physicians are health professionals who practice general medicine. A primary care physician is the first stop to get medical care. Factors such as increasing demand for primary care, the rising burden of communicable as well as non-communicable diseases, and the growing emphasis on preventive care are projected to foster market growth over the study period. The growing load of communicable as well as non-communicable diseases in the US likely accelerates the requirement of primary care physicians over the study period. Growth can be credited to access to primary care providers, which will help curtail healthcare spending and a growth rate in hospitalization. Primary care physicians (PCPs) who provide family medicine, internal medicine, and pediatrics can be credited with providing early disease detection treatment, management of chronic illnesses, and prevention of diseases. For instance, Catalina region, Texas, United States, May 2023; Catalyst Health Network had a long-term agreement with Agilon Health Inc. In this agreement, Catalyst Health Network redesigned the primary care practice of old patients in Texas.

Report Coverage

This research report categorizes the market for the US primary care physician market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States primary care physician market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.S. primary care physician market.

Driving Factors

The main factors that continue to drive the healthcare market for the United States primary care physician market include a growing and aging population with increasing demand for healthcare services, an increasing prevalence of chronic diseases, and a heightened focus on preventive care. Additionally, a significant healthcare policy reform under the Affordable Care Act expanded insurance coverage and increased access to primary care services. All these technological advancements and the incorporation of telemedicine enhanced care delivery, improved patient engagement, and thereby better health outcomes. All these factors basically point to the gravitas that primary care physicians hold in the U.S. healthcare system.

Restraining Factors

Physician shortages is the foremost issue in the market. The US has faced a severe shortage of physicians, especially in primary care for decades. In areas where patients are cut off from influence, patients will be deprived of adequate doctors, and they may not receive adequate primary care services.

Market Segmentation

The US primary care physician market share is classified into specialties and mode of consultation.

• The wellness program/preventive health program segment is expected to hold a significant market share through the forecast period.

The United States primary care physician market is segmented by specialties into wellness program/preventive health program and disease condition. Among these, the wellness program/preventive health program segment is expected to hold a significant market share through the forecast period. This is attributed to the growing emphasis on preventive care and wellness by increasingly health-conscious individuals, the steady growth in healthcare costs, and value-based care. Rising awareness of the disease among patients and healthcare providers in preference over the treatment results in investment in wellness and preventive health programs.

• The virtual segment is expected to dominate the US market during the projected period.

Based on the mode of consultation, the United States primary care physician market is divided into virtual and physical. Among these, the virtual segment is expected to dominate the US primary care physician market during the projected period. The rise of telehealth services, accelerated by the COVID-19 pandemic, has led to increased acceptance and utilization of virtual consultations. Patients appreciate the convenience, accessibility, and often lower costs associated with virtual visits.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States primary care physician market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• MDVIP
• 1Life Healthcare, Inc
• Rhode Island Primary Care Physicians Corporation
• Optum, Inc.
• ChenMed LLC
• Premier Medical Associates
• Colonial Healthcare.
• Crossover Health Medical Group
• Akron Children's
• Duly Health and Care
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2024, CenterWell Senior Primary Care has recently announced its expansion plans to bring up to 50 medical centers in its network by 2025. It will expand the enhanced access provided to primary care among senior citizens.

Market Segment

This study forecasts revenue at U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States primary care physician market based on the below-mentioned segments:

United States Primary Care Physician Market, By Specialties

• Wellness Program/Preventive Health Program
• Disease Condition

United States Primary Care Physician Market, By Mode of Consultation

• Virtual
• Physical