The global concierge medicine market size was USD 10.8 Billion in 2021 and is expected to register a revenue CAGR of 5.9% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for personalized care, better & improved accessibility and benefits offered by concierge medicine to patients over traditional healthcare services, career growth prospects and satisfaction among concierge physicians, and introduction of innovative technologies such as telemedicine are main factors driving market revenue growth.
Rising demand for personalized care, better & improved accessibility and benefits offered by concierge medicine to patients over traditional healthcare services are key factors driving concierge medicine market revenue growth Concierge healthcare is a trend that the healthcare industry and its experts are adopting to improve level of patient service they provide while also developing new revenue sources. For medical professionals looking to advance their careers, concierge medicine presents new possibilities.
The significant Primary Care Physician (PCP) shortage is believed to be resolved by use of concierge healthcare services, which are seen as a way for healthcare professionals and providers to . In the U.S., hospitals such as Inova Health System, Cleveland Clinic, and Massachusetts General Hospital, provide numerous prototype concierge programs. Introduction of telemedicine and telehealth technologies is a significant emerging trend in global concierge medicine, which allows doctors to virtually visit patients anywhere in the world. Patients of concierge medicine prefer telemedicine since it enables them to conveniently keep their appointments without any hassle or travel time.
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The Global Concierge Medicine Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
Competition in the Concierge Medicine Market :
The Concierge Medicine Market report contains information on leading vendors’ product launches, sustainability, and prospects, such as: The report also discusses the key players involved in the market such as Signature MD, Concierge Consultants & Cardiology, Castle Connolly Private Health Partners, Crossover Health, Specialdocs Consultants, LLC, Campbell Family Medicine, Priority Physicians, Inc., PartnerMD, U.S. San Diego Health, and MDVIP
Key insights presented in the report:
The psychiatry segment accounted for a moderate revenue share in 2021. Patients will have more time with their psychiatrist and have fewer delays as a result of appointment scheduling if they have a concierge psychiatrist. Patients may expect to receive a personal response to their queries and concerns in a very quick manner from concierge psychiatrist, who are readily available anytime for patients facing any problem or require any emergency treatment sessions or consultations. Necessity for home visits has grown, for a variety of reasons, from clinical requirements to simple convenience and preference for being in comfort of patient’s home. Patients now have the option of meeting with their psychiatrist through video conference due to implementation of cutting-edge technology such as telepsychiatry. In addition, patients receive holistic care that is specifically designed to meet their needs by paying their psychiatrist directly, independent of normal operating procedures utilized by health insurance companies. These are major factors driving revenue growth of this segment.
The standalone segment accounted for significant revenue share in 2021. Standalone concierge services include Direct Primary Care physicians (DPCs), which are fiercely independent, small and medium businesses that exclusively serve needs of patients, not insurance providers, medical facilities, or large corporations.
This concept aims to provide physicians with a steady income without requiring them to spend some time coding and billing in the same manner as a primary care physician, allowing them to spend more time with their patients. DPC has only recently gained importance in the last five years. DPC practices have attracted a lot of attention during that period, appearing in Affordable Care Act’s provisions, being discussed on television news, and most recently been suggested as a way to save costs by consumer reports.
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The Concierge Medicine Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Concierge Medicine Market . The report offers in-depth research and assessment of the key elements of the global Concierge Medicine Market . The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Concierge Medicine Market .
Emergen Research has segmented the global concierge medicine market based on application, ownership and region:
Application Outlook (Revenue, USD Billion; 2019-2030)
Ownership Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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