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 dynamic landscape of healthcare, personalized medicine, which utilizes an individual's genetic profile to inform disease prevention, diagnosis, and treatment, is an emerging and innovative practice. To foster greater understanding of its advantages, concierge healthcare organizations in the United States are championing this approach. Distinct from the conventional doctor's office model, which prioritizes high patient volume, concierge medicine accommodates smaller patient groups. This setup enables healthcare providers to invest substantial time with each patient, enabling them to perform comprehensive medical evaluations and design customized, proactive health improvement plans and treatment strategies. The concierge healthcare system's adoption of personalized medicine has been on the rise due to this enhanced level of care and attention. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Primary care
  • Pediatrics
  • Cardiology
  • Internal medicine
  • Others
• Ownership
  • Group
  • Standalone
• Geography
  • US

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 experiencing significant innovation, driven by a focus on patient engagement and improved health outcomes. Healthcare disruption is fueled by advances in healthcare technology, personalized and precision medicine, health and wellness, and healthy aging. Lifestyle coaching, nutrition counseling, fitness programs, mental health services, and stress management are key components of this personalized approach. Digital therapeutics, remote monitoring devices, biometric data, and data insights enable preventive screenings, early disease detection, and personalized risk assessment. Patient advocacy, healthcare access, equity, and disparities are addressed through community health and population health initiatives. Healthcare reform continues to shape the landscape, prioritizing patient experience, healthcare trends such as telemedicine, and the integration of healthcare services.

Market Research Overview

The Concierge Medicine market in the US is experiencing significant growth, with a focus on personalized care, direct primary care, membership-based healthcare, and comprehensive health management. This boutique medicine approach offers proactive, patient-centered care and preventive medicine, setting it apart from traditional healthcare models. The global Pharmaceuticals market, encompassing manufacturers and providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services, is also expanding. Key drivers include the increasing aging population, with nearly one-quarter of the US population projected to be over 60 years old by 2050, and Europe reaching a similar ratio by 2030. This demographic shift is expected to fuel demand for innovative healthcare solutions, including concierge medicine and advanced pharmaceutical treatments.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/