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Global Concierge Medicine Market to reach USD 21.52 billion by the end of 2029.

Global Concierge Medicine Market Size study & Forecast, by Specialty (Primary Care, Pediatrics, Osteopathy, Cardiology, Others), by Ownership (Standalone, Group) and Regional Analysis, 2022-2029

Product Code: HLSDT-53199782
Publish Date: 17-04-2023
Page: 200

Global Concierge Medicine Market is valued at approximately USD 13.1 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2022-2029. Concierge medicine is also called retainer medicine, direct primary care, platinum practice, boutique medicine, and concierge care. It is a patient-primary care physician relationship in which the patient pays an annual fee or retainer, this may or may not be in addition to other fees. It is a developing business model across the healthcare sector that emphasizes creating a connection between the patient and healthcare provider. The market growth is primarily driven by the factors such as increasing adoption of concierge medicine among physicians, coupled with the rising entry of specialists in concierge medicine.

The dearth of primary care physicians is one of the major driving factors that is propelling the demand for concierge medicine around the world. Concierge doctors are generally present for patients and provide coordinated care by creating appointments with specialists on their behalf. For instance, according to recent data from the AAMC (Association of American Medical Colleges), the US experience a physician shortage of between 37,800 and 124,000 by 2034, affecting both general and specialty care. Thereby, the unavailability of primary care physicians is bolstering the concierge medicine demand in the global market. Moreover, rising awareness regarding the advantages of concierge medicine to patients, as well as the surging demand for personalized care are presenting various lucrative opportunities over the forecasting years. However, the lack of health insurance coverage, and high impact on patient care access due to physicians downsizing patient panels are challenging factors for the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Concierge Medicine Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the rise in the number of retainer physicians in the US, the shortage of primary care physicians, along with the high volume of people visiting hospitals daily. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing prevalence of obesity, cancer, diabetes, and various other psychological disorders, as well as surging demand for personalized healthcare services in the market space.

Major market players included in this report are:
Crossover Health
Signature MD
Peninsula Doctor
Winstead PC
Castle Connolly Private Health Partners,
Specialdocs Consultants, LLC.
Priority Physicians, Inc.

Recent Developments in the Market:
Ø In January 2022, Sollis Health, a concierge medical service for urgent care customers, launched its series of financing rounds that were carried out by Torch Capital and Denali Growth Partners. With the help of this investment, Sollis will be able to connect with more patients in well-established areas like Emerging Los Angeles, New York, and Miami/Palm Beach as well as new markets like San Francisco.
Ø In January 2022, HeyRenee- a personal healthcare concierge service, received $4.4 million in funding to provide consumers with a full healthcare solution that includes personal care assistants for patients. For HeyRenee and other investors such as Fika Ventures, City Light Capital, Global Founders Capital, SaaS Ventures, Mucker Capital, and Tau Ventures, Quiet Capital managed the second seed round. The business aims to serve as an open platform that flawlessly assembles the ideal set of services for each patient and assists in leading patients through a straightforward, interactive daily schedule.

Global Concierge Medicine Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Specialty, Ownership, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Specialty:
Primary Care

By Ownership:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Concierge Medicine Market, by Region, 2019-2029 (USD Billion)
1.2.2. Concierge Medicine Market, by Specialty, 2019-2029 (USD Billion)
1.2.3. Concierge Medicine Market, by Ownership, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Concierge Medicine Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Concierge Medicine Market Dynamics
3.1. Concierge Medicine Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising entry of specialists in concierge medicine Dearth of primary care physicians
3.1.2. Market Challenges Lack of health insurance coverage High impact on patient care access due to physicians downsizing patient panel
3.1.3. Market Opportunities Rising awareness regarding the advantages of concierge medicine to patients Surging demand for personalized care
Chapter 4. Global Concierge Medicine Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Concierge Medicine Market, by Specialty
6.1. Market Snapshot
6.2. Global Concierge Medicine Market by Specialty, Performance – Potential Analysis
6.3. Global Concierge Medicine Market Estimates & Forecasts by Specialty 2019-2029 (USD Billion)
6.4. Concierge Medicine Market, Sub Segment Analysis
6.4.1. Primary Care
6.4.2. Pediatrics
6.4.3. Osteopathy
6.4.4. Cardiology
6.4.5. Others
Chapter 7. Global Concierge Medicine Market, by Ownership
7.1. Market Snapshot
7.2. Global Concierge Medicine Market by Ownership, Performance – Potential Analysis
7.3. Global Concierge Medicine Market Estimates & Forecasts by Ownership 2019-2029 (USD Billion)
7.4. Concierge Medicine Market, Sub Segment Analysis
7.4.1. Standalone
7.4.2. Group
Chapter 8. Global Concierge Medicine Market, Regional Analysis
8.1. Concierge Medicine Market, Regional Market Snapshot
8.2. North America Concierge Medicine Market
8.2.1. U.S. Concierge Medicine Market Specialty breakdown estimates & forecasts, 2019-2029 Ownership breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Concierge Medicine Market
8.3. Europe Concierge Medicine Market Snapshot
8.3.1. U.K. Concierge Medicine Market
8.3.2. Germany Concierge Medicine Market
8.3.3. France Concierge Medicine Market
8.3.4. Spain Concierge Medicine Market
8.3.5. Italy Concierge Medicine Market
8.3.6. Rest of Europe Concierge Medicine Market
8.4. Asia-Pacific Concierge Medicine Market Snapshot
8.4.1. China Concierge Medicine Market
8.4.2. India Concierge Medicine Market
8.4.3. Japan Concierge Medicine Market
8.4.4. Australia Concierge Medicine Market
8.4.5. South Korea Concierge Medicine Market
8.4.6. Rest of Asia Pacific Concierge Medicine Market
8.5. Latin America Concierge Medicine Market Snapshot
8.5.1. Brazil Concierge Medicine Market
8.5.2. Mexico Concierge Medicine Market
8.5.3. Rest of Latin America Concierge Medicine Market
8.6. Rest of The World Concierge Medicine Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. PartnerMD Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Crossover Health
9.2.3. MDVIP
9.2.5. Signature MD
9.2.6. Peninsula Doctor
9.2.7. Winstead PC
9.2.8. Castle Connolly Private Health Partners,
9.2.9. Specialdocs Consultants, LLC.
9.2.10. Priority Physicians, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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