PUBLISHER: The Business Research Company | PRODUCT CODE: 1526939
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526939
Direct primary care (DPC) is a healthcare model where patients pay their primary care providers directly through a monthly, quarterly, or annual fee. This payment structure allows for a range of primary care services without the need for insurance billing, reducing administrative costs, providing transparent pricing, and improving patient access.
The main types of direct primary care include clinical services, laboratory services, consultative services, care coordination, and comprehensive care management. Clinical services encompass medical treatments and procedures directly provided by healthcare professionals, addressing various health concerns from minor ailments to chronic conditions. These services are offered in various practice settings such as solo practices, group practices, etc., and are applicable in areas such as cardiology, internal medicine, primary care, osteopathy, psychiatry, and pediatrics.
The direct primary care market research report is one of a series of new reports from The Business Research Company that provides direct primary care market statistics, including direct primary care industry global market size, regional shares, competitors with a direct primary care market share, detailed direct primary care market segments, market trends and opportunities, and any further data you may need to thrive in the direct primary care industry. This direct primary care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The direct primary care market size has grown strongly in recent years. It will grow from $61.29 billion in 2023 to $65.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to limitations of the fee-for-service model, a shortage of primary care providers leading to burnout, the rise of lifestyle medicine and holistic care approaches, the appeal of convenience and flexibility for patients, and the emphasis on transparency and cost control in healthcare.
The direct primary care market size is expected to see strong growth in the next few years. It will grow to $86.50 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to a holistic approach to healthcare, a shift from reactive to proactive care, the expansion of direct primary care practices, the adoption of value-based care models, and potential policy changes. Major trends in this period include leveraging natural language processing, integrating genomic and precision medicine, developing cloud-based practice management systems, utilizing predictive analytics, and integrating digital therapeutics into healthcare practices.
The direct primary care market is poised for growth, driven by the increasing prevalence of diabetes. Diabetes is a chronic condition characterized by high blood glucose levels and is becoming more prevalent due to rising obesity rates, sedentary lifestyles, poor diets, aging populations, and genetic factors. Direct primary care practices offer unlimited access to primary care services for a fixed monthly fee, enabling patients with diabetes to receive regular check-ups, medication management, lifestyle counseling, and continuous support from their primary care providers. For example, the IDF Diabetes Atlas 10th Edition report published in December 2021 by the International Diabetes Federation revealed that 537 million adults aged 20 to 79 years worldwide were diagnosed with diabetes, with projections estimating an increase to 643 million by 2030 and further to 783 million by 2045. This trend is fueling the growth of the direct primary care market.
Key players in the direct primary care market are focusing on developing innovative service offerings, such as direct-to-consumer (DTC) services, to stay competitive. DTC services involve businesses selling their products or services directly to consumers, bypassing traditional retail channels. For instance, in January 2022, MedLion Management Inc. launched Online Medical Service, a DTC offering designed to improve customer access and experience in healthcare. This solution streamlines appointment scheduling, offers virtual consultations, secure messaging with healthcare providers, and access to electronic health records.
In July 2021, Everside Health acquired R-Health to enhance its ability to provide comprehensive primary care services and expand access to top-tier healthcare across the United States. R-Health is a provider of direct primary healthcare services in the US.
Major companies operating in the direct primary care market are Oak Street Health Inc., Prestige Consumer Healthcare Inc., One Medical Group, RubiconMD, Aledade Inc., Crossover Health Medical Group APC, Everside Health Inc., Elation Health, Paladina Health, SignatureMD, PeakMed, DPC Frontier, MedLion, Salud Healthcare LLC, Turntable Health, Atlas.md, Freedom Healthworks LLC, R-Health, EverMed DPC, Boston Direct Health, Nextera Healthcare, CareClix, Forward Family Healthcare, Hint Health, Qliance Medical Management
North America was the largest region in the direct primary care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the direct primary care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the direct primary care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The direct primary care market includes revenues earned by entities by providing services such as preventive services, mental health services, and urgent care services. 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.
Direct Primary Care 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 direct primary care 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.
Where is the largest and fastest growing market for direct primary care ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The direct primary care 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 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.