An increasing geriatric population and shortage of primary care physicians is boosting the U.S. Concierge Medicine Market| Forecast for 2023-2027|Technavio
The U.S. Concierge Medicine Market is likely to experience steady growth because of the growing geriatric population and shortage of primary care physicians. Rising at a CAGR of 6.72%, the market is estimated to have an incremental growth of USD 2310.34 mn in revenue from 2023 to 2027.
Technavio analyst quoted~ "the rising count of the geriatric population is notably driving the U.S. concierge medicine market as the rise in the aging population has led to an escalation in healthcare, as the elderly population requires frequent diagnostic testing, hence generating significant demand for concierge medicine market in the US "
Leading companies such as Concierge Consultants and Cardiology, Crossover Health, Destination Health, MDVIP, PartnerMD, Peninsula Doctor, Priority Physicians Inc., Signature MD, and Specialdocs Consultants LLC are contributing to this market advancement with their wide spectrum of services and facilities
U.S. Concierge Medicine Market Analysis
Limited insurance cooperation and competition from retail clinics are expected to hinder the growth of the market. However, Increasing demand for personalized medicine and Adoption of virtual platforms will have a positive impact on the concierge medicine market in us during the forecast period.
Technavio’s analysis of the U.S. Concierge Medicine Market also includes:
