Direct Primary Care Market Segments, Growth And Industry Outlook 2024-2033

The Business Research Company recently released a comprehensive report on the Global Direct Primary Care Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The direct primary care market size has grown strongly in recent years. It will grow from $61.29 billion in 2023 to $65.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to fee-for-service model limitations, primary care shortage and burnout, lifestyle medicine and holistic care, convenience and flexibility, and transparency and cost control.

The direct primary care market size is expected to see strong growth in the next few years. It will grow to $86.50 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to a holistic approach to healthcare, a shift from reactive to proactive care, expansion of direct primary care practices, adoption of value-based care models, and potential policy changes. Major trends in the forecast period include leveraging natural language processing, integration of genomic and precision medicine, development of cloud-based practice management, utilization of predictive analytics, and integration of digital therapeutics.

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Market Drivers and Trends:

The rising prevalence of diabetes is expected to propel the growth of the direct primary care market going forward. Diabetes refers to a chronic medical condition characterized by high levels of glucose (sugar) in the blood. Diabetes cases are on the rise due to factors such as increasing obesity rates, sedentary lifestyles, poor diets, aging populations, and genetic predisposition. Direct primary care practices offer unlimited access to primary care services for a flat monthly fee, allowing patients with diabetes to receive regular check-ups, medication management, lifestyle counseling, and continuous support from their primary care providers. For instance, in December 2021, according to the IDF Diabetes Atlas 10th Edition report published by the International Diabetes Federation, a Belgium-based diabetes community, 537 million adults aged 20 to 79 years worldwide were currently diagnosed with diabetes, representing 1 in 10 individuals. The projections indicate that this number is expected to increase to 643 million by 2030 and further to 783 million by 2045. Therefore, the rising prevalence of diabetes is driving the growth of the direct primary care market.

Major companies operating in the direct primary care market are focusing on developing innovative service offerings, such as direct-to-consumer services, to gain a competitive edge in the market. Direct-to-consumer (DTC) services refer to businesses that sell their products or services directly to consumers, bypassing traditional retail channels or intermediaries. For instance, in January 2022, MedLion Management Inc., a US-based healthcare company, launched Online Medical Service, a direct-to-consumer offering aimed at enhancing customer access and experience in healthcare. This unique solution provides streamlined appointment scheduling, virtual consultations, secure messaging with healthcare providers, and access to electronic health records.

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Major Key Players of the Market:

Oak Street Health Inc., Prestige Consumer Healthcare Inc., One Medical Group, RubiconMD, Aledade Inc., Crossover Health Medical Group APC, Everside Health Inc., Elation Health, Paladina Health, SignatureMD, PeakMed, DPC Frontier, MedLion, Salud Healthcare LLC, Turntable Health, Atlas.md, Freedom Healthworks LLC, R-Health, EverMed DPC, Boston Direct Health, Nextera Healthcare, CareClix, Forward Family Healthcare, Hint Health, Qliance Medical Management

Direct Primary Care Market 2024 Key Insights:

• The direct primary care market size is expected to see strong growth in the next few years. It will grow to $86.50 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Impact Of Rising Diabetes Prevalence On The Direct Primary Care Market 
• Direct Primary Care Market Innovates With Direct-to-Consumer Services
• North America was the largest region in the direct primary care market in 2023

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