Latest News- Concierge Medicine Market in US: Primary care is expected to lead the Application segment during 2025-2029

The Concierge Medicine Market in US is being driven by Growing geriatric population

The Concierge Medicine Market in US is expected to grow at a CAGR of 7.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2830.7 million. In the evolving healthcare landscape, personalized medicine, which utilizes an individual's genetic profile to inform disease prevention, diagnosis, and treatment strategies, is gaining traction. Concierge healthcare organizations in the US are spearheading this movement to promote the advantages of personalized medicine. Distinct from the conventional doctor's office model that prioritizes high patient volume, concierge practices cater to smaller patient cohorts. This arrangement enables healthcare providers to invest more time with each patient, facilitating comprehensive medical assessments and the development of customized, proactive health improvement plans and treatment methods. This enhanced focus on personalized care is fueling the adoption of personalized medicine within the concierge healthcare sector. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing geriatric population
• Shortage of primary care physicians
• Rising awareness about advantages of concierge medicine

However, the market also witnesses some limitations, which are as follows:

• Limited insurance cooperation
• Competition from retail clinics
• Impact on patient care access due to physicians downsizing patient panel

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Market Scope in Concierge Medicine Market in US Research Report

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Research Analysis Overview

The Concierge Medicine Market in the US is witnessing an increase in adoption as more patients opt for personalized healthcare experiences provided by concierge practices. Physicians in these practices offer round-the-clock access, house calls, and telehealth services for a fixed out-of-pocket retainer. Patients receive convenience and accessibility through office visits, lab tests, and care while traveling. Preventive care, regular health assessments, and proactive health measures are prioritized, leading to reduced hospitalizations and specialist visits. Employees benefit from lower healthcare spending through this healthcare delivery model that focuses on lifestyle changes and preventive care.

Market Research Overview

The Concierge Medicine market in the US is experiencing significant growth due to the increasing adoption of personalized healthcare services by both physicians and patients. This shift towards a more tailored healthcare experience is expected to reduce hospitalizations, specialist visits, and overall healthcare spending. Patients are seeking more convenient and cost-effective primary care solutions, leading to an increase in the number of concierge medicine practices. Furthermore, lifestyle changes and chronic disease management are key drivers for this market's expansion. According to Technavio, the global healthcare market, which includes pharmaceuticals, equipment, supplies, and biotechnology, is projected to grow due to factors such as an aging population, increasing healthcare costs, and a rising preference for preventive care. By 2050, approximately one-quarter of the US population and similar ratios in Europe are predicted to be over 60 years old, leading to increased demand for healthcare services and products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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