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The U.S. concierge medicine market size was valued at USD 6.4 billion in 2023, driven by the rising preference for personalised medical consultations across the globe. The market is expected to grow at a CAGR of 10.8% during the forecast period of 2024-2032, with the values likely to rise from USD 7.1 billion in 2024 to USD 16.1 billion by 2032.
Concierge medicine revolves around the relationship between a physician and a patient, under which the patient receives 24/7 personalized care from the physician. In return, they pay an annual, monthly, or weekly fee for the physician’s availability. It can be considered as a membership-based healthcare service. They can have access to services like same-day appointments and get a customized care plan from their physician.
The median age of the entire United States population has reached at 38.9 years, increased by 0.2 years between 2021 and 2022. This indicates that the population is steadily aging and is likely to rise during the forecast period. Since affluent individuals seek personalized healthcare, the U.S. concierge medicine market demand is expected to rise in the upcoming years.
Owing to the rising demand, prominent tech companies have started entering the concierge medicine space for market expansion. Recently, Amazon declared their acquisition of One Medical, a company that has been offering on-site labs, 24/7 virtual care services, and initiatives for preventive care, common illnesses, chronic care management, and mental health related solutions to the people. This collaboration is aimed at offering better care experiences to the people and is anticipated to boost the U.S. concierge medicine market growth.
With the integration of technology into healthcare, the market has flooded with health apps and virtual care. In the wake of this, the patient messaging trend has increased multiple folds in recent years. Responding to patient messages has become an added responsibility for healthcare providers. This accelerated prevalence of patient messaging is expected to fuel the growth of concierge medicine services, as physicians will also want to opt out from traditional practices and get better compensations for their time.
Market Breakup by Specialty
Market Breakup by Ownership
Increased healthcare consumerism is a pivotal trend reshaping the U.S. concierge medicine market value as it continues transform patients into active decision-makers. With the fast-paced lifestyles, today, the patients seek unhurried appointments, quick access to healthcare professionals, and transparent, value-based services. Such demands align with concierge medicine models.
To streamline easy access and adoption of concierge medicine services, there have been several changes in the insurance models and payment structures, contributing to the U.S. concierge medicine market share. Several options like membership-based models, retainer fees or pay-as-you-go models have been made available to the patients for their convenience. The flexibility is aimed at catering to a wider section of the population, coming from diverse financial backgrounds.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Specialty |
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Breakup by Ownership |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 U.S. Concierge Medicine Market Overview
3.1 U.S. Concierge Medicine Market Historical Value (2016-2022)
3.2 U.S. Concierge Medicine Market Forecast Value (2023-2031)
4 U.S. Concierge Medicine Market Landscape
4.1 U.S. Concierge Medicine: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 U.S. Concierge Medicine: Product Landscape
4.2.1 Analysis by Specialty
4.2.2 Analysis by ownership
5 U.S. Concierge Medicine Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 U.S. Concierge Medicine Market Segmentation
6.1 U.S. Concierge Medicine Market by Specialty
6.1.1 Market Overview
6.1.2 Primary Care
6.1.3 Pediatrics
6.1.4 Osteopathy
6.1.5 Internal Medicine
6.1.6 Cardiology
6.1.7 Psychiatry
6.2 U.S. Concierge Medicine Market by Ownership
6.2.1 Market Overview
6.2.2 Standalone
6.2.3 Group
7 Regulatory Framework
7.1 Regulatory Overview
7.1.1 US FDA
7.1.2 EU EMA
7.1.3 INDIA CDSCO
7.1.4 JAPAN PMDA
7.1.5 Others
8 Patent Analysis
8.1 Analysis by Type of Patent
8.2 Analysis by Publication year
8.3 Analysis by Issuing Authority
8.4 Analysis by Patent Age
8.5 Analysis by CPC Analysis
8.6 Analysis by Patent Valuation
8.7 Analysis by Key Players
9 Grants Analysis
9.1 Analysis by year
9.2 Analysis by Amount Awarded
9.3 Analysis by Issuing Authority
9.4 Analysis by Grant Application
9.5 Analysis by Funding Institute
9.6 Analysis by NIH Departments
9.7 Analysis by Recipient Organization
10 Funding and Investment Analysis
10.1 Analysis by Funding Instances
10.2 Analysis by Type of Funding
10.3 Analysis by Funding Amount
10.4 Analysis by Leading Players
10.5 Analysis by Leading Investors
10.6 Analysis by Geography
11 Partnership and Collaborations Analysis
11.1 Analysis by Partnership Instances
11.2 Analysis by Type of Partnership
11.3 Analysis by Leading Players
11.4 Analysis by Geography
12 Supplier Landscape
12.1 MDVIP
12.1.1 Financial Analysis
12.1.2 Product Portfolio
12.1.3 Demographic Reach and Achievements
12.1.4 Mergers and Acquisitions
12.1.5 Certifications
12.2 Signature MD
12.2.1 Financial Analysis
12.2.2 Product Portfolio
12.2.3 Demographic Reach and Achievements
12.2.4 Mergers and Acquisitions
12.2.5 Certifications
12.3 Crossover Health
12.3.1 Financial Analysis
12.3.2 Product Portfolio
12.3.3 Demographic Reach and Achievements
12.3.4 Mergers and Acquisitions
12.3.5 Certifications
12.4 Specialdocs Consultants, LLC
12.4.1 Financial Analysis
12.4.2 Product Portfolio
12.4.3 Demographic Reach and Achievements
12.4.4 Mergers and Acquisitions
12.4.5 Certifications
12.5 PartnerMD
12.5.1 Financial Analysis
12.5.2 Product Portfolio
12.5.3 Demographic Reach and Achievements
12.5.4 Mergers and Acquisitions
12.5.5 Certifications
12.6 Concierge Consultants & Cardiology
12.6.1 Financial Analysis
12.6.2 Product Portfolio
12.6.3 Demographic Reach and Achievements
12.6.4 Mergers and Acquisitions
12.6.5 Certifications
12.7 Castle Connolly Private Health Partners
12.7.1 Financial Analysis
12.7.2 Product Portfolio
12.7.3 Demographic Reach and Achievements
12.7.4 Mergers and Acquisitions
12.7.5 Certifications
12.8 Peninsula Doctor
12.8.1 Financial Analysis
12.8.2 Product Portfolio
12.8.3 Demographic Reach and Achievements
12.8.4 Mergers and Acquisitions
12.8.5 Certifications
12.9 Cambell Family Medicine
12.9.1 Financial Analysis
12.9.2 Product Portfolio
12.9.3 Demographic Reach and Achievements
12.9.4 Mergers and Acquisitions
12.9.5 Certifications
12.10 Destination Health
12.10.1 Financial Analysis
12.10.2 Product Portfolio
12.10.3 Demographic Reach and Achievements
12.10.4 Mergers and Acquisitions
12.10.5 Certifications
13 Key Opinion Leaders (KOL) Insights (Additional Insight)
14 Company Competitiveness Analysis (Additional Insight)
14.1 Very Small Companies
14.2 Small Companies
14.3 Mid-Sized Companies
14.4 Large Companies
14.5 Very Large Companies
15 Payment Methods (Additional Insight)
15.1 Government Funded
15.2 Private Insurance
15.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
The market attained a value of about USD 6.4 billion in 2023, driven by the rising prevalence for customised medical consultations across the globe.
The market is anticipated to grow at a CAGR of 10.8% during the forecast period of 2024-2032, likely to reach a market value of USD 16.1 billion by 2032.
The key factors aiding the market growth include the rising demand for customised medical care and the rising awareness about the importance of healthcare.
Amazon has recently acquired One Medical to offer better care and services to the patients, which has been aiding the growth of the market.
Specialities include primary care, pediatrics, osteopathy, internal medicine, cardiology, and psychiatry.
The market can be divided into standalones and groups.
Key players involved in the market are MDVIP, Signature MD, Crossover Health, Specialdocs Consultants, LLC, PartnerMD, Concierge Consultants & Cardiology, Castle Connolly Private Health Partners, Peninsula Doctor, Cambell Family Medicine, and Destination Health.
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