PUBLISHER: The Business Research Company | PRODUCT CODE: 1703197
PUBLISHER: The Business Research Company | PRODUCT CODE: 1703197
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 $20.43 billion in 2024 to $22.8 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increasing demand for personalized healthcare, physician burnout, rising healthcare costs, a shift in consumer preference, and corporate wellness initiatives.
The concierge medicine market size is expected to see rapid growth in the next few years. It will grow to $34.91 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to the integration of alternative therapies, urbanization, and lifestyle changes, healthcare disparities, regulatory changes, and health consciousness among millennials. Major trends in the forecast period include virtual concierge services, collaborative care networks, technological advancement, artificial intelligence, and predictive analytics.
The rising healthcare expenditure is expected to drive the growth of the concierge medicine market in the coming years. Healthcare expenditure refers to the total financial resources allocated to healthcare services and products within a specific period, encompassing costs for hospital care, physician services, medications, and other health-related services. This increase in healthcare spending is primarily due to advancements in medical technology and the growing prevalence of chronic diseases. Concierge medicine leverages this healthcare spending to offer personalized, premium medical services, providing patients with enhanced access to and tailored care. For example, in November 2023, the Canadian Institute for Health Information (CIHI), a Canada-based non-profit organization specializing in health data analysis, projected that Canada would spend approximately $344 billion on healthcare, reflecting a $9 billion (or about 2.8%) increase from the previous year. Consequently, the rise in 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 2024. 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 2025 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.
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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.