North America Contributes Major Share in Primary Care Physicians Market
 |
| Primary Care Physicians Market |
The global Primary Care Physicians Market is estimated to be valued at US$ 701.20 billion in 2022 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Primary care physicians provide a variety of healthcare services including
health assessments, treatment of acute and chronic illnesses, immunizations,
and other preventative services. They help enhance patient outcomes through
preventative care and reducing unnecessary emergency room visits and
hospitalizations.
Market key trends:
One of the key trends in the primary care physicians market is growing adoption
of telehealth. The COVID-19 pandemic accelerated the use of telehealth as it
allowed patients to connect with physicians virtually without visiting clinics
physically. Various primary care providers are offering telehealth
consultations to expand access and enhance convenience. This trend is expected
to continue growing post-pandemic as well given its benefits.
Segment Analysis
The primary care physicians market is segmented into general practitioners,
pediatricians, internists, and geriatric physicians. Among these, the general
practitioners segment accounts for the largest share of over 30% of the market.
General practitioners or family physicians provide primary care services to
people of all age groups and for a broad range of medical conditions. They are
often the first point of contact for patients in need of medical care. This
segment dominates as general practitioners play a pivotal role in managing
overall healthcare needs and coordinating care among various medical
specialists.
Key Takeaways
The global
primary care physicians market size is expected to reach US$ 701.20
billion by 2023, registering a CAGR of 4.5% during 2023 to 2030, due to rising
prevalence of chronic diseases and increasing focus on preventive healthcare.
Regionally, North America dominates the global market, accounting for over 35%
share. This is attributed to the presence of developed healthcare
infrastructure and higher adoption of value-based care in the region. Asia
Pacific is expected to witness the fastest growth over the forecast period
owing to rapid economic development, growing medical tourism, and increasing
healthcare expenditure in developing countries such as China and India.
Key players operating in the primary care physicians market are Mayo Clinic,
Cleveland Clinic, Kaiser Permanente, Johns Hopkins Medicine, Massachusetts
General Hospital, UCLA Health, Ascension, Providence St. Joseph Health, Rush
University Medical Center, NewYork-Presbyterian, UCSF Health, Northwestern
Medicine, Partners HealthCare, Mount Sinai Health System, University of
Michigan Health System, University of Washington Medicine, Cedars-Sinai,
Stanford Health Care, NYU Langone Health, Penn Medicine. These players are
focusing on acquisitions and collaboration with hospitals and medical schools
to expand their service offerings and geographic presence.
Read More:
Comments
Post a Comment