U.S. Physician Groups Market Size, Share, & Trends Analysis Report By Practice Type (Single Specialty Group, Multi-specialty Group), By Practice Size, By Ownership, By Region, And Segment Forecasts, 2024 - 2030

PUBLISHED: April 1, 2024

PAGES: 100 Pages

DELIVERY TIME: 2-10 business days

SELECT AN OPTION

The U.S. physician groups market size is anticipated to reach USD 461.11 billion by 2030, growing at a CAGR of 5.14% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the shift of practitioners from solo practices to group practices. In a group practice, a physician has the capacity to manage advanced, essential, and expensive medical equipment. Group practices can expand their reach to cover a broader geographic area, operate across multiple locations, serve a larger patient base, and achieve greater profitability. In addition, practitioners can receive valuable feedback and insights from colleagues and co-workers when working within a group.

In the U.S. market for physician groups, value-added services encompass various offerings beyond traditional medical care, such as telemedicine, chronic disease management programs, patient education resources, wellness programs, and preventive care initiatives. By offering these services, physician groups differentiate themselves in the market, attract new patients, and improve patient outcomes. For instance, in August 2023, The Northwestern Medical Group launched the Northwestern Medicine Canning Thoracic Institute Hispanic Program, offering personalized care to Hispanic patients in their native language.

The growing government initiatives to promote physicians' revenue in the U.S. are expected to propel the market's growth over the forecast period. Government bodies have realized the importance of physicians in developing a value-based healthcare system in the U.S. and have undertaken various initiatives to bridge these gaps between revenues of different specialties. For instance, in January 2024, Commons Clinic, a value-based physician group offering musculoskeletal care to patients in Los Angeles, launched the Center for Spine Economics, Outcomes, & Research with plans to invest USD 100 million over the next decade. The center aims to test and research new models that move spinal care into community-based accountable care networks and out to hospitals.

U.S. Physician Groups Market Report Highlights:

Based on practice type, the single-specialty segment held the largest revenue share in 2023. This can be attributed to the increasing patient preference due to its comprehensive healthcare services.
Based on practice size, the fewer than five physicians segment dominated held the largest revenue share in 2023, owing to the high quality of services available at such locations and the high number of physicians operating in such practices in the U.S.
Based on ownership, the physician-owned segment dominated the market in 2023. However, the private equity segment is predicted to have fastest growth during the forecast period owing to the rising acquisition of small physician groups by such firms.
Southeast U.S. dominated the country's physician groups market in 2023. This can be attributed to the presence of many physician groups in the region
Some prominent market players include Cleveland Clinic; The Permanente Medical Group; Optum, Inc.; Select Physical Therapy; HCA Florida Healthcare Physicians (HCA, Inc.); University of Pittsburgh Physicians (UPMC Physicians); NYU Langone Health Physicians (NYC University Physicians Network)
In November 2023, Cleveland Clinic entered into a partnership with Canon Inc. to advance global innovation in medical imaging solutions

Product Code: GVR-4-68040-134-8

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
- 1.1.1. Segment Definitions
1.2. Estimates and Forecast Timeline
1.3. Research Methodology
1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.4.5. Details of Primary Research
- 1.4.6. Research Assumption
1.5. Information or Data Analysis
- 1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. Model Details
- 1.7.1. Volume Price Analysis
1.8. Research Objectives
1.9. List of Secondary Sources
1.10. List of Secondary Sources

Chapter 2. Executive Summary

2.1. U.S. Physician Group Market
- 2.1.1. Market Snapshot
- 2.1.2. Segment Snapshot
  - 2.1.2.1. Practice type segment outlook
  - 2.1.2.2. Practice size segment outlook
  - 2.1.2.3. Ownership segment outlook
  - 2.1.2.4. Region segment outlook
- 2.1.3. Competitive Landscape Snapshot

Chapter 3. Market Variables, Trends, & Scope

3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
3.2. Market Trends and Outlook
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
  - 3.3.1.1. Growing trend of solo practitioners opting to join physician groups
  - 3.3.1.2. Government initiatives to improve revenue for physician groups
  - 3.3.1.3. Shift towards value-based care models
- 3.3.2. Market Restraint Analysis
  - 3.3.2.1. Administrative burden and growing operational cost
  - 3.3.2.2. Increase in employment of physicians by hospitals
3.4. Business Environment Analysis Tools
- 3.4.1. Industry Analysis - Porter's Five Forces Analysis
  - 3.4.1.1. Supplier power
  - 3.4.1.2. Buyer power
  - 3.4.1.3. Substitution threat
  - 3.4.1.4. Threat of new entrant
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
3.5. Regulatory Scenario & Reimbursement Framework

Chapter 4. Practice Type Business Analysis

4.1. U.S. Physician Groups Market: Practice Type Movement Analysis
4.2. U.S. Physician Groups Practice Type Market: Segment Dashboard
4.3. Practice Type Movement & Market Share Analysis, 2023 & 2030
4.4. U.S. Physician Groups Market Estimates & Forecast, by Practice Type
4.5. Single Specialty Group
- 4.5.1. Single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.2. Primary care
  - 4.5.2.1. Primary care by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.3. OB/GYN
  - 4.5.3.1. OB/GYN by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.4. Ophthalmology
  - 4.5.4.1. Ophthalmology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.5. Surgical
  - 4.5.5.1. Surgical by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.6. Psychiatry
  - 4.5.6.1. Psychiatry by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.7. Cardiology
  - 4.5.7.1. Cardiology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.8. Anesthesiology
  - 4.5.8.1. Anesthesiology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.9. Dermatology
  - 4.5.9.1. Dermatology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.10. Radiology
  - 4.5.10.1. Radiology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.11. Emergency Medicine
  - 4.5.11.1. Emergency medicine by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.12. Others
  - 4.5.12.1. Others by single specialty group market, 2018 - 2030 (USD Billion)
4.6. Multi-specialty Group
- 4.6.1. Multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.2. Primary care
  - 4.6.2.1. Primary care by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.3. OB/GYN
  - 4.6.3.1. OB/GYN by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.4. Ophthalmology
  - 4.6.4.1. Ophthalmology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.5. Surgical
  - 4.6.5.1. Surgical by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.6. Psychiatry
  - 4.6.6.1. Psychiatry by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.7. Cardiology
  - 4.6.7.1. Cardiology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.8. Anesthesiology
  - 4.6.8.1. Anesthesiology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.9. Dermatology
  - 4.6.9.1. Dermatology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.10. Radiology
  - 4.6.10.1. Radiology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.11. Emergency Medicine
  - 4.6.11.1. Emergency medicine by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.12. Others
  - 4.6.12.1. Others by multi-specialty group market, 2018 - 2030 (USD Billion)

Chapter 5. Practice Size Business Analysis

5.1. U.S. Physician Groups Market: Practice Size Movement Analysis
5.2. U.S. Physician Groups Market: Segment Dashboard
5.3. Practice Size Movement & Market Share Analysis, 2023 & 2030
5.4. U.S. Physician Groups Market, Market Estimates & Forecast, by Practice Size
5.5. Fewer than 5 Physicians
- 5.5.1. Fewer than 5 physicians market, 2018 - 2030 (USD Billion)
5.6. 5 to 10
- 5.6.1. 5 to 10 market, 2018 - 2030 (USD Billion)
5.7. 11 to 24
- 5.7.1. 11 to 24 market, 2018 - 2030 (USD Billion)
5.8. 25 to 49
- 5.8.1. 25 to 49 market, 2018 - 2030 (USD Billion)
5.9. 50+ Physicians
- 5.9.1. 50+ physicians market, 2018 - 2030 (USD Billion)

Chapter 6. Ownership Business Analysis

6.1. U.S. Physician Groups Market: Ownership Movement Analysis
6.2. U.S. Physician Groups Condition Market: Ownership Dashboard
6.3. Ownership Movement & Market Share Analysis, 2023 & 2030
6.4. U.S. Physician Groups Market, Market Estimates & Forecast, by Ownership
6.5. Physician-Owned
- 6.5.1. Physician-owned market, 2018 - 2030 (USD Billion)
6.6. Hospital-Owned
- 6.6.1. Hospital-owned market, 2018 - 2030 (USD Billion)
6.7. Private Equity-Owned
- 6.7.1. Private equity-owned market, 2018 - 2030 (USD Billion)
6.8. Others
- 6.8.1. Others market, 2018 - 2030 (USD Billion)

Chapter 7. Region Business Analysis

7.1. U.S. Physician Group Practice Management Systems Market: Region Movement Analysis
7.2. U.S. Physician Group Practice Management Systems Region Market: Segment Dashboard
7.3. Region Movement & Market Share Analysis, 2023 & 2030
7.4. U.S. Physician Group Practice Management Systems Market Estimates & Forecast, by Region
7.5. Northeast
- 7.5.1. Northeast market, 2018 - 2030 (USD Million)
7.6. Southeast
- 7.6.1. Southeast market, 2018 - 2030 (USD Million)
7.7. Southwest
- 7.7.1. Southwest market, 2018 - 2030 (USD Million)
7.8. Midwest
- 7.8.1. Midwest market, 2018 - 2030 (USD Million)
7.9. West
- 7.9.1. West market, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Company Categorization
8.2. Company Market Position Analysis
8.3. Strategy Mapping
- 8.3.1. Expansion
- 8.3.2. Acquisition
- 8.3.3. Collaborations
- 8.3.4. Others
8.4. Company Profiles/Listing
- 8.4.1. Cleveland Clinic
  - 8.4.1.1. Overview
  - 8.4.1.2. Financial performance
  - 8.4.1.3. Service benchmarking
  - 8.4.1.4. Strategic initiatives
- 8.4.2. The Permanente Medical Group, Inc.
  - 8.4.2.1. Overview
  - 8.4.2.2. Financial performance
  - 8.4.2.3. Service benchmarking
  - 8.4.2.4. Strategic initiatives
- 8.4.3. Optum, Inc.
  - 8.4.3.1. Overview
  - 8.4.3.2. Financial performance
  - 8.4.3.3. Service benchmarking
  - 8.4.3.4. Strategic initiatives
- 8.4.4. Select Physical Therapy (Division of Select Medical)
  - 8.4.4.1. Overview
  - 8.4.4.2. Financial performance
  - 8.4.4.3. Service benchmarking
  - 8.4.4.4. Strategic initiatives
- 8.4.5. C-HCA, Inc. (HCA Florida Healthcare Physicians (HCA, Inc.))
  - 8.4.5.1. Overview
  - 8.4.5.2. Financial performance
  - 8.4.5.3. Service benchmarking
  - 8.4.5.4. Strategic initiatives
- 8.4.6. University of Pittsburgh Physicians (UPMC Physicians)
  - 8.4.6.1. Overview
  - 8.4.6.2. Financial performance
  - 8.4.6.3. Service benchmarking
  - 8.4.6.4. Strategic initiatives
- 8.4.7. NYU Langone Hospitals
  - 8.4.7.1. Overview
  - 8.4.7.2. Financial performance
  - 8.4.7.3. Service benchmarking
  - 8.4.7.4. Strategic initiatives
- 8.4.8. Northwestern Medical Group (Northwestern Medicine)
  - 8.4.8.1. Overview
  - 8.4.8.2. Financial performance
  - 8.4.8.3. Service benchmarking
  - 8.4.8.4. Strategic initiatives
- 8.4.9. Northwell Health Physician Partners (Northwell Health)
  - 8.4.9.1. Overview
  - 8.4.9.2. Financial performance
  - 8.4.9.3. Service benchmarking
  - 8.4.9.4. Strategic initiatives
- 8.4.10. HealthCare Partners IPA (HealthCare Partners, MSO)
  - 8.4.10.1. Overview
  - 8.4.10.2. Financial performance
  - 8.4.10.3. Service benchmarking
  - 8.4.10.4. Strategic initiatives
- 8.4.11. RWJ Barnabas Health Medical Group
  - 8.4.11.1. Overview
  - 8.4.11.2. Financial performance
  - 8.4.11.3. Service benchmarking
  - 8.4.11.4. Strategic initiatives
- 8.4.12. Ascension
  - 8.4.12.1. Overview
  - 8.4.12.2. Financial performance
  - 8.4.12.3. Service benchmarking
  - 8.4.12.4. Strategic initiatives
- 8.4.13. Penn Medicine Physicians (The Trustees of the University of Pennsylvania)
  - 8.4.13.1. Overview
  - 8.4.13.2. Financial performance
  - 8.4.13.3. Service benchmarking
  - 8.4.13.4. Strategic initiatives

Product Code: GVR-4-68040-134-8

List of Tables

Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 U.S. physician groups market revenue estimates and forecast, by practice type, 2018 - 2030 (USD Billion)
Table 4 U.S. physician groups market revenue estimates and forecast, by practice size, 2018 - 2030 (USD Billion)
Table 5 U.S. physician groups market revenue estimates and forecast, by ownership, 2018 - 2030 (USD Billion)
Table 6 U.S. physician groups market revenue estimates and forecast, by region, 2018 - 2030 (USD Billion)

List of Figures

Fig. 1 US physician groups market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain based sizing & forecasting
Fig. 7 QFD modelling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market snapshot
Fig. 10 Practice type & ownership segment outlook
Fig. 11 Practice size & region segment outlook
Fig. 12 Competitive landscape
Fig. 13 US physician groups market dynamics
Fig. 14 US physician groups market: Porter's analysis
Fig. 15 US physician groups market: PESTLE analysis
Fig. 16 US physician groups market: Practice type segment dashboard
Fig. 17 US physician group market: Practice type movement share analysis
Fig. 18 Single specialty group market, 2018 - 2030 (USD Billion)
Fig. 19 Primary care by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 20 OB/GYN by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 21 Ophthalmology by single specialty group market,2018-2030 (USD Billion)
Fig. 22 Surgical by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 23 Psychiatry by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 24 Cardiology by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 25 Anesthesiology by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 26 Dermatology by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 27 Radiology by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 28 Emergency medicine by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 29 Others by single specialty group market, 2018 - 2030 (USD Billion)
Fig. 30 Multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 31 Primary care by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 32 OB/GYN by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 33 Ophthalmology by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 34 Surgical by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 35 Psychiatry by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 36 Cardiology by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 37 Anesthesiology by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 38 Dermatology by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 39 Radiology by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 40 Emergency medicine by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 41 Others by multi-specialty group market, 2018 - 2030 (USD Billion)
Fig. 42 US physician group market: Practice size segment dashboard
Fig. 43 US physician group market: Practice size movement share analysis
Fig. 44 Fewer than 5 physicians market, 2018 - 2030 (USD Billion)
Fig. 45 5 to 10 market, 2018 - 2030 (USD Billion)
Fig. 46 11 to 24 market, 2018 - 2030 (USD Billion)
Fig. 47 25 to 49 market, 2018 - 2030 (USD Billion)
Fig. 48 50+ physicians market, 2018 - 2030 (USD Billion)
Fig. 49 US physician group market: Ownership segment dashboard
Fig. 50 US physician group market: Ownership movement share analysis
Fig. 51 Physician-owned market, 2018 - 2030 (USD Billion)
Fig. 52 Hospital-owned market, 2018 - 2030 (USD Billion)
Fig. 53 Private equity-owned market, 2018 - 2030 (USD Billion)
Fig. 54 Others market, 2018 - 2030 (USD Billion)
Fig. 55 US physician groups market: Region segment dashboard
Fig. 56 US physician groups market: Region movement share analysis
Fig. 57 Northeast market, 2018 - 2030 (USD Billion)
Fig. 58 Southeast market, 2018 - 2030 (USD Billion)
Fig. 59 Southwest market, 2018 - 2030 (USD Billion)
Fig. 60 Midwest market, 2018 - 2030 (USD Billion)
Fig. 61 West market, 2018 - 2030 (USD Billion)
Fig. 62 Company categorization
Fig. 63 Company market position analysis
Fig. 64 Strategic Framework