Concierge Medicine Global Market Report 2024

Description

Concierge medicine is a healthcare model wherein patients pay a membership fee or retainer to access enhanced care and personalized attention from their primary care physician. This approach aims to alleviate physician burnout by reducing patient loads and administrative burdens, thereby fostering a more sustainable practice environment.

Ownership of concierge medicine can be categorized into group and standalone. In the group ownership model, there is collective control, possession, or authority over assets, resources, or decisions shared among its members. This model finds applications in various medical specialties such as cardiology, primary care, psychiatry, pediatrics, osteopathy, neurology, among others. Concierge medicine services are provided to end-users including individuals and corporate organizations.

The concierge medicine market research report is one of a series of new reports from The Business Research Company that provides concierge medicine market statistics, including the concierge medicine industry global market size, regional shares, competitors with concierge medicine market share, detailed concierge medicine market segments, market trends, and opportunities, and any further data you may need to thrive in the concierge medicine industry. These concierge medicine market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The concierge medicine market size has grown rapidly in recent years. It will grow from $18.38 billion in 2023 to $20.43 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to several factors including the increasing demand for personalized healthcare, physician burnout, rising healthcare costs, a shift in consumer preferences, and the implementation of corporate wellness initiatives.

The concierge medicine market size is expected to see rapid growth in the next few years. It will grow to $31.39 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to several factors including the integration of alternative therapies, urbanization, lifestyle changes, healthcare disparities, regulatory changes, and the increasing health consciousness among millennials. Major trends expected in this period include the adoption of virtual concierge services, the development of collaborative care networks, technological advancements, the utilization of artificial intelligence, and the implementation of predictive analytics.

The growth of the concierge medicine market is anticipated to be driven by the increasing healthcare expenditure. Healthcare expenditure refers to the total resources spent on healthcare services and products within a specific timeframe, encompassing costs for hospital care, physician services, medications, and other health-related services. This expenditure is on the rise due to advancements in medical technology and the growing prevalence of chronic diseases. Concierge medicine utilizes healthcare expenditure to deliver personalized, premium medical services, providing patients with enhanced access and tailored care. For instance, according to the Canadian Institute for Health Information (CIHI), total health expenditure in Canada reached $329 billion in 2021, marking a $23 billion increase compared to 2020. Thus, the escalating healthcare expenditure is fueling the growth of the concierge medicine market.

Leading companies in the concierge medicine market are offering services with comprehensive features, including an online medical directory, to improve patient access to personalized and immediate healthcare services. An online medical directory serves as a digital platform listing healthcare providers such as doctors, specialists, and clinics, enabling users to search for and access information about medical professionals and their services. For example, HealthLynked Corporation, a US-based healthcare services provider, launched an online concierge service in March 2023. This service allows patients to book appointments with doctors nationwide through an extensive online directory featuring over 880,000 healthcare providers. It streamlines appointment bookings by offering specific time slots and facilitates requests for unclaimed provider listings. Patients can also update their medical records using the HealthLynked app, with assistance available from concierge nurse staff.

In February 2023, Amazon Inc., a US-based technology company specializing in e-commerce, acquired One Medical for $3.9 billion. This acquisition aimed to bolster Amazon's healthcare offerings, providing convenient access to medical services for its employees. One Medical, a US-based company operating in concierge medicine, offers a membership-based primary care practice tailored around patients' needs.

Major companies operating in the concierge medicine market are Duke Health, Privia Health Group Inc., One Medical Group Inc., Crossover Health, MedScape, MDVIP LLC, Sollis Health, Medix global, PinnacleCare, PartnerMD LLC, Paragon Private Health, SignatureMD, Castle Connolly Private Health Partners LLC, Concierge Choice Physicians, EliteHealth, Specialdocs Consultants LLC, Access Healthcare Direct, Dedication Health, Plus Humain, Diamond Physicians, Atlas MD, Red Carpet Concierge Medicine, HealthPulse Concierge Medicine, Lake Oconee Concierge Medicine, NOVA Concierge Medicine & Aesthetics

Europe was the largest region in the concierge medicine market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the concierge medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the concierge medicine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The concierge medicine market includes revenues earned by entities by providing services such as personalized care plans, comprehensive health management, and nutritional counseling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Concierge Medicine Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on concierge medicine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for concierge medicine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The concierge medicine market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Ownership: Group; Standalone
2) By Application: Cardiology; Primary Care; Psychiatry; Pediatrics; Osteopathy; Neurology; Other Applications
3) By End User: Individual; Corporate Organization
Companies Mentioned: Duke Health; Privia Health Group Inc.; One Medical Group Inc.; Crossover Health; MedScape
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r18324

1. Executive Summary

2. Concierge Medicine Market Characteristics

3. Concierge Medicine Market Trends And Strategies

4. Concierge Medicine Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Concierge Medicine Market Size and Growth

5.1. Global Concierge Medicine Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Concierge Medicine Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Concierge Medicine Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Concierge Medicine Market Segmentation

6.1. Global Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Group
Standalone
6.2. Global Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cardiology
Primary Care
Psychiatry
Pediatrics
Osteopathy
Neurology
Other Applications
6.3. Global Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Individual
Corporate Organization

7. Concierge Medicine Market Regional And Country Analysis

7.1. Global Concierge Medicine Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Concierge Medicine Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Concierge Medicine Market

8.1. Asia-Pacific Concierge Medicine Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Concierge Medicine Market

9.1. China Concierge Medicine Market Overview
9.2. China Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Concierge Medicine Market

10.1. India Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Concierge Medicine Market

11.1. Japan Concierge Medicine Market Overview
11.2. Japan Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Concierge Medicine Market

12.1. Australia Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Concierge Medicine Market

13.1. Indonesia Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Concierge Medicine Market

14.1. South Korea Concierge Medicine Market Overview
14.2. South Korea Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Concierge Medicine Market

15.1. Western Europe Concierge Medicine Market Overview
15.2. Western Europe Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Concierge Medicine Market

16.1. UK Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Concierge Medicine Market

17.1. Germany Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Concierge Medicine Market

18.1. France Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Concierge Medicine Market

19.1. Italy Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Concierge Medicine Market

20.1. Spain Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Concierge Medicine Market

21.1. Eastern Europe Concierge Medicine Market Overview
21.2. Eastern Europe Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Concierge Medicine Market

22.1. Russia Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Concierge Medicine Market

23.1. North America Concierge Medicine Market Overview
23.2. North America Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Concierge Medicine Market

24.1. USA Concierge Medicine Market Overview
24.2. USA Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Concierge Medicine Market

25.1. Canada Concierge Medicine Market Overview
25.2. Canada Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Concierge Medicine Market

26.1. South America Concierge Medicine Market Overview
26.2. South America Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Concierge Medicine Market

27.1. Brazil Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Concierge Medicine Market

28.1. Middle East Concierge Medicine Market Overview
28.2. Middle East Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Concierge Medicine Market

29.1. Africa Concierge Medicine Market Overview
29.2. Africa Concierge Medicine Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Concierge Medicine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Concierge Medicine Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Concierge Medicine Market Competitive Landscape And Company Profiles

30.1. Concierge Medicine Market Competitive Landscape
30.2. Concierge Medicine Market Company Profiles
- 30.2.1. Duke Health
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Privia Health Group Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. One Medical Group Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Crossover Health
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. MedScape
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Concierge Medicine Market Other Major And Innovative Companies

31.1. MDVIP LLC
31.2. Sollis Health
31.3. Medix global
31.4. PinnacleCare
31.5. PartnerMD LLC
31.6. Paragon Private Health
31.7. SignatureMD
31.8. Castle Connolly Private Health Partners LLC
31.9. Concierge Choice Physicians
31.10. EliteHealth
31.11. Specialdocs Consultants LLC
31.12. Access Healthcare Direct
31.13. Dedication Health
31.14. Plus Humain
31.15. Diamond Physicians

32. Global Concierge Medicine Market Competitive Benchmarking

33. Global Concierge Medicine Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Concierge Medicine Market

35. Concierge Medicine Market Future Outlook and Potential Analysis

35.1 Concierge Medicine Market In 2028 - Countries Offering Most New Opportunities
35.2 Concierge Medicine Market In 2028 - Segments Offering Most New Opportunities
35.3 Concierge Medicine Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer