U.S. Primary Care Physicians Market

U.S. Primary Care Physicians Market Overview

The U.S. Primary Care Physicians Market size was valued at USD 269.77 billion in 2023 and is predicted to reach USD 348.70 billion by 2030 with a CAGR of 3.6% from 2024-2030.

The primary care physician or primary care provider sector plays an important role in the healthcare system by providing primary care services through qualified medical professionals. These services address different healthcare requirements, including preventive care, diagnosing and treating acute and chronic illnesses. The market consists of different types of primary care providers such as family medicine doctors, internal medicine doctors, pediatricians, and geriatricians. It functions in various environments including private practices, group practices, hospitals, clinics, urgent care centers, and telemedicine platforms. This industry is known for its emphasis on providing accessible, inclusive, and ongoing healthcare to patients, with an emphasis on overall health preservation and disease prevention.

Market Dynamics and Trends

The increase in chronic diseases such as diabetes, cardiovascular diseases, and respiratory ailments in the U.S. requires periodic monitoring, medication management, patient education, and preventive measures, which in turn is propelling the growthy of the U.S. primary care physicians market.

As per reports published by Centers for Disease Control and Prevention, around 129 million people in the U.S live with at least one major chronic disease such as heart disease, cancer, diabetes and hypertension. The report also states that five out of ten people die due to the prevalence of these diseases in the U.S. Such increase in the number of chronic diseases drives the U.S. primary care physicians demand for inclusive and accessible care for early detection and in managing these conditions, leading to improved health outcomes.

Moreover, the rise in elderly population in U.S. is further driving the growth of the primary care physicians market. As people age, they often require regular monitoring and management of age-related issues. Primary care providers offer regular check-ups and preventive care diagnostics for effective treatment of the patients. As per the Census Bureau of U.S., aging populations is increasing rapidly in the country, people above 65 years and older is expected to rise to 82 million in 2050 from 58 million in 2022. This demographic shift creates demand for primary care services to meet the specific needs of elderly patients, thereby contributing significantly to the expansion of the primary care physicians market in the U.S.

Furthermore, the individuals in U.S. are increasingly focusing on preventive healthcare, which in turn, is driving the U.S. primary care physicians market in the region. Primary care providers play key role in conducting regular health monitoring and reducing the incidence of chronic diseases through vaccinations and lifestyle counselling, encouraging patients to adopt healthier habits and prevent the onset of diseases.

However, shortage of primary care physicians in many parts of the U.S., particularly in rural and underserved urban areas restraints of the U.S. primary care physicians market growth. On the contrary, integration of healthcare technology, such as electronic health records (EHRs), artificial intelligence (AI) for clinical decision support, and remote monitoring devices, offer future primary care market in the coming years.  AI in primary care supports physicians by analyzing data, streamlining administrative tasks, and improving diagnostic accuracy.

Market Segmentations and Scope of the Study

The U.S. primary care physicians market report is segmented on the basis of service type, physicians type and patient type. Based on service type, the market is divided into preventive care, chronic disease management, acute care, behavioral health and maternity and pediatric care. Based on physicians type, the market is divided into general practitioners, internal medicine physicians, pediatricians and others. On the basis of patient type, the market is segmented into adult, geriatric and pediatric.

Competitive Landscape

Various key players operating in the U.S. Primary Care Physicians industry includes MDVIP, 1Life Healthcare, Inc. (One Medical Group), Rhode Island Primary Care Physicians Corporation (RIPCPC), Duly Health and Care, Optum, Inc., ChenMed LLC, Premier Medical Associates, Colonial Healthcare, New West Physicians, Crossover Health Medical Group, and others. These companies are adopting various strategies, such as launches and partnership, to remain dominant in the market.

For instance, in January 2024, Optum launched the Optum Provider Value Network to support independent primary care physicians (PCPs) in participating effectively in value-based care (VBC) contracts. This initiative addresses challenges such as infrastructure limitations and lack of scale by providing a dedicated interdisciplinary care team, advanced analytics for performance insights, and incentives aligned with VBC goals.

Moreover, in December 2023, Rhode Island Primary Care Physicians Corporation (RIPCPC) collaborated with healthcare technology firm Akido Labs, to enhance healthcare delivery across Rhode Island and expand their patient base significantly. The partnership combines RIPCPC's established primary care services with Akido's expertise in AI-driven population health management to provide effective primary care by physicians.

Furthermore, in October 2023, MDVIP partnered with Dr. Elizabeth B. Tucker, a board-certified internist to open primary care practice in Inlet Beach, Florida. Through MDVIP, Dr. Tucker focuses on preventive care, disease management, and building strong doctor-patient relationships by conducting comprehensive health assessments and personalized wellness plans.

Key Benefits

• The U.S. primary care physicians market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises an extensive analysis current and future of the U.S. primary care physicians market trends to depict prevalent investment pockets in the industry.

• The information related to key drivers, restraints, and opportunities and their impact on the U.S. primary care physicians market is provided in the report. 

• The competitive analysis of the market players along with the U.S. primary care physicians market share is provided in the report.

• The SWOT analysis and Porter's Five Forces model are elaborated in the study.

• The value chain analysis in the market study provides a clear picture of the roles of stakeholders.

U.S. Primary Care Physicians Market Key Segments

By Type

• Preventive Care

• Chronic Disease Management

• Acute Care

• Behavioral Health and Maternity 

• Pediatric Care

By Physicians Type 

• General Practitioners

• Internal Medicine Physicians

• Pediatricians 

• Others

By Patient Type

• Adult

• Geriatric 

• Pediatric

Key Players

• MDVIP

• 1Life Healthcare, Inc. (One Medical Group)

• Rhode Island Primary Care Physicians Corporation (RIPCPC)

• Duly Health and Care

• Optum, Inc.

• ChenMed LLC

• Premier Medical Associates

• Colonial Healthcare

• New West Physicians

• Crossover Health Medical Group

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 269.77 Billion
Revenue Forecast in 2030	USD 348.70 Billion
Growth Rate	CAGR of 3.6% from 2023 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Increase in chronic diseases is driving the U.S. primary care physician’s market. Rise in old age population is propelling the growth of the U.S. primary care physician’s market. Increasing focus on preventive healthcare in the U.S. is driving demand for primary care physician services.
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.