Dublin, July 11, 2022 (GLOBE NEWSWIRE) -- The "U.S. Primary Care Physicians Market Size, Share & Trends Analysis Report by Type (General Practice, Family Physician & Geriatrics, General Internal Medicine), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The U.S. primary care physicians market size is expected to reach USD 341.9 billion by 2030. The market is projected to exhibit a CAGR of 3.2% from 2022 to 2030. An increasing number of Medicare beneficiaries in the country is expected to create high demand for Primary Care Physicians (PCP). According to a CDC survey in 2019, around 51.2% of physician office visits were made for primary care services.
According to the 2019 Patient-Centered Primary Care Collaborative's (PCPCC) evidence report, there is a significant gap in investment in improving primary care services in the U.S. One of the main concerns is the growing shortage of primary care doctors and allied healthcare professionals.
In a report published on the complexities of physician demand and supply in June 2020, the Association of American Medical Colleges (AAMC) estimated a deficit between 21,400 and 55,200 primary care physicians by 2033. Furthermore, there is a substantial difference between the average annual revenue and salary generated by a PCP in comparison to a specialist physician.
The U.S. has one of the advanced healthcare systems and compared to any other developed nation its healthcare expenditure is two times higher. According to CMS, healthcare spending accounted for 17.7% of the GDP in 2019 and is expected to reach 19.7% in the next ten years. Primary care services act as a gatekeeper for the healthcare system and play a significant role in improving healthcare outcomes and reducing overall medical expenditure.
U.S. Primary Care Physicians Market Report Highlights
- PCPs provide accessible and integrated services to a large population for their healthcare needs which in turn improves the overall health of the community.
- Family physicians are the leading specialty in primary care, according to the American Medical Association (AMA) physician master file 2017. In the U.S., family physicians account for 39.5% of the total primary care physicians.
- The demand for primary care pediatricians for children is expected to increase across the country. However, the American Academy of Pediatrics (AAP) reported a shortage of pediatric physicians and subspecialists in many fields.
Key Topics Covered:
Chapter 1 Report Scope
Chapter 2 Methodology
Chapter 3 Objectives
Chapter 4 Executive Summary
Chapter 5 Market Variables, Trends, & Scope
5.1 Market Lineage Outlook
5.1.1 Parent Market Outlook
5.1.2 Related/Ancillary Market Outlook
5.2 Market Dynamics
5.2.1 Market Driver Analysis
5.2.1.1 Access to primary care can lead to improved healthcare outcomes and reduced medical expenditure
5.2.1.2 Increasing demand for primary care from insured population
5.2.1.3 Government initiatives to improve revenue for primary care physicians
5.2.2 Market Restraint Analysis
5.2.2.1 Gap between demand and supply of primary care Physicians
5.2.2.2 Administrative burden and growing operational cost
5.3 Business Environment Analysis Tools
5.4 Regulatory Scenario & Reimbursement Outlook
5.5 Penetration & Growth Prospect Mapping
5.6 Impact of COVID-19: Qualitative Analysis
Chapter 6 U.S. Primary Care Physicians Market: Type Analysis
6.1 U.S. Primary Care Physicians Type Market Share Analysis, 2021 & 2030
6.2 U.S. Primary Care Physicians Type Market: Segment Dashboard
6.2.1 General Practice, Family Physician and Geriatrics
6.2.1.1 General practice, family physician and geriatrics market, 2017-2030 (USD Billion)
6.2.2 General Internal Medicine
6.2.2.1 General internal medicine market, 2017-2030 (USD Billion)
6.2.3 General Pediatrics
6.2.3.1 General pediatrics market, 2017- 2030 (USD Billion)
Companies Mentioned
- MDVIP
- 1Life Healthcare, Inc.
- Rhode Island Primary Care Physicians Corporation
- Chenmed Llc
- Colonial Healthcare
- Duly Health And Care
- Healthcare Partners Medical Group
- New West Physicians
- Crossover Health Medical Group
For more information about this report visit https://www.researchandmarkets.com/r/6ea1w
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