PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320194
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320194
Primary Care Physicians Market size was valued at USD 668,503.6 Million in 2022, expanding at a CAGR of 5.3% from 2023 to 2030.
A doctor who specializes in general medicine is referred to as a primary care physician (PCP), sometimes known as a primary care provider. For medical care, primary care doctors should be contacted first. PCPs are often doctors, although they can also be nurse practitioners or physician assistants. They are frequently chosen for routine checkups and other non-emergency medical treatment. A PCP can typically determine the cause of a mild fever, cough, rash, as well as nausea or shortness of breath, and then determine what sort of medication or medical intervention is necessary.
The early detection and treatment of all diseases and medical conditions are very important tasks performed by primary care doctors. This lowers medicine consumption, avoids hospitalization, and lowers overall healthcare expenses for the patients. These advantages are the main factors driving the demand for primary care services among people all over the world.
The worldwide primary care physician market would expand due to the increased frequency of chronic diseases among the population as well as the quickly developing elderly population. The number of new cases of cancer, pre-diabetes, and other diseases is rapidly increasing throughout the world due to several causes, including the increased incidence of smoking, the consumption of tobacco, bad eating patterns, and physical inactivity. Primary care physicians assist in the early diagnosis of a variety of chronic illnesses and offer treatment services that can greatly prevent hospitalization. Additionally, older persons are more susceptible to a variety of ailments, necessitating regular doctor visits. Thereby, driving the market growth during the forecast period.
The Global Primary Care Physicians Market is segmented based on physician type, offering, end-use, and Region.
Based on physician type, the global Primary Care Physicians market is segmented into internal medicine & family practitioners, paediatricians, obstetrics & gynecology and geriatricians. The internal medicine & family practitioners segment is expected to hold the largest market share over the forecast period. Internal medicine specialists and family practitioners work as primary care doctors since they provide comprehensive medical care for a variety of diseases and disorders as well as basic, preventive, and wellness services by doing physical examinations and health screenings. The need for internal medicine & family practitioners is anticipated to rise, driving the growth of this market segment. Internal medicine & family practitioners also help monitor and manage chronic diseases & disorders, such as diabetes or high blood cholesterol. Thus, this is expected to drive the segment growth.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market over the forecast period. The regional growth is attributed to the growing prevalence of chronic diseases including cancer, heart disease, diabetes and others. For instance, according to the National Center for Health Statistics, The United States is expected to see 1,958,310 new cancer cases and 609,820 cancer-related deaths in 2023. Thus, this is expected to drive the market growth in the region.
The Primary Care Physicians Market's top players use technology launches, acquisitions, and R&D efforts as their primary business strategies. The key players operating in the market are Cerner Corporation, ActiveHealth Management, American Health Holding, Vida Health, Reliq Health Technologies, Quantum Health, JD Health International Inc, CommonSpirit Health, Trinity Health, Conifer Health Solutions and Fresenius Se.
In January 2022, Reliq Health Technologies, a rapidly expanding supplier of Virtual Care solutions for the healthcare industry, announced a partnership with Data Soft Logic (DSL) to make iUGO Care available to both current and potential customers. A cloud-based system for home health and hospice care, the Data Soft Logic platform consists of apps for accounting, billing, scheduling, and human resources as well as point-of-care.
The scope of this report covers the market by its major segments, which include as follows: