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Concierge Medicine Global Market Report 2024 - By Demand, Size, Share, Growth Analysis, Forecast To 2033
Concierge Medicine Market
As per the report, the concierge medicine market size has grown rapidly in recent years. It will grow from $18.38 billion in 2023 to $20.43 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The concierge medicine market size is expected to see rapid growth in the next few years. It will grow to $31.39 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%.
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Increasing Healthcare Expenditure Is Fueling Expansion Of Concierge Medicine Market
The increasing healthcare expenditure is expected to propel the growth of the concierge medicine market going forward. Healthcare expenditure refers to the total amount of resources spent on healthcare services and products within a given period, including costs for hospital care, physician services, medications, and other health-related services. Healthcare expenditure is rising due to advancements in medical technology and the increasing prevalence of chronic diseases. Concierge medicine utilizes healthcare expenditures for personalized, premium medical services, offering patients enhanced access and tailored care. For instance, in November 2023, according to the Canadian Institute for Health Information (CIHI), a Canada-based not-for-profit organization that specializes in collecting and analyzing health data, the total health expenditure in Canada reached $329 billion in 2021, which was $23 billion higher compared to 2020. Therefore, the increasing healthcare expenditure is driving the growth of the concierge medicine market.
Innovative Online Medical Directories Enhancing Concierge Medicine Services
Major companies operating in the concierge medicine market are providing services with comprehensive features, such as an online medical directory, to enhance patient access to personalized and immediate healthcare services. An online medical directory is a digital platform that lists healthcare providers, including doctors, specialists, and clinics, allowing users to search for and access information about medical professionals and their services. For instance, in March 2023, HealthLynked Corporation, a US-based provider of healthcare services, launched an online concierge service, allowing patients to book doctor appointments nationwide through its extensive online directory of over 880,000 healthcare providers. The service streamlines appointment bookings by offering specific times for available slots and facilitating requests for unclaimed provider listings. Patients can update their medical records through the HealthLynked app, with assistance available from concierge nurse staff.
The concierge medicine market covered in this report is segmented -
1) By Ownership: Group, Standalone
2) By Application: Cardiology, Primary Care, Psychiatry, Pediatrics, Osteopathy, Neurology, Other Applications
3) By End User: Individual, Corporate Organization
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Major companies operating in the concierge medicine market are Duke Health, Privia Health Group Inc., One Medical Group Inc., Crossover Health, MedScape, MDVIP LLC, Sollis Health, Medix global, PinnacleCare, PartnerMD LLC, Paragon Private Health, SignatureMD, Castle Connolly Private Health Partners LLC, Concierge Choice Physicians, EliteHealth, Specialdocs Consultants LLC, Access Healthcare Direct, Dedication Health, Plus Humain, Diamond Physicians, Atlas MD, Red Carpet Concierge Medicine, HealthPulse Concierge Medicine, Lake Oconee Concierge Medicine, NOVA Concierge Medicine & Aesthetics
Contents of the report:
1. Executive Summary
2. Concierge Medicine Market Report Structure
3. Concierge Medicine Market Trends And Strategies
4. Concierge Medicine Market - Macro Economic Scenario
5. Concierge Medicine Market Size And Growth
…..
27. Concierge Medicine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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