PRIMARY CARE PHYSICIANS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Leading Companies

Top Companies in Global Primary Care Physicians Market

• Mayo Clinic
• Cleveland Clinic
• Kaiser Permanente
• Johns Hopkins Medicine
• Massachusetts General Hospital
• UCLA Health
• Ascension
• Providence St. Joseph Health
• Rush University Medical Center
• NewYork-Presbyterian
• UCSF Health
• Northwestern Medicine
• Partners HealthCare
• Mount Sinai Health System
• University of Michigan Health System
• University of Washington Medicine
• Cedars-Sinai
• Stanford Health Care
• NYU Langone Health
• Penn Medicine

Global Primary Care Physicians Market Drivers

• Rising prevalence of chronic diseases: Rising prevalence of chronic diseases such as diabetes, hypertension, arthritis, cardiovascular diseases, and respiratory illnesses is a major factor driving the growth in the global primary care physicians market. Chronic diseases account for over 75% of healthcare spending in developed nations. The aging population and changing lifestyles have contributed to the growing burden of chronic diseases globally. Primary care physicians play a crucial role in the ongoing management of chronic illnesses through periodic consultations, preventive education, medication adjustments, and care coordination. Their focus on holistic care and disease prevention is critical for reducing hospitalizations and costs associated with worsening chronic conditions. This creates significant demand for services of primary care physicians.
• Growing geriatric population: The rapidly growing geriatric population across the world presents significant opportunities in the primary care physicians market. According to the World Health Organization (WHO), 2022 the global population aged 60 years and above is expected to grow to 2.1 Bn by 2050. Elderly patients have greater healthcare needs and require coordinated care for multiple comorbidities. Primary care physicians act as the first point of contact for this demographic. They provide preventive care, manage chronic conditions, and ensure smooth care transitions. Their expertise in treating geriatric conditions and focus on overall wellbeing makes primary care physicians well-suited for caring for the aging population. This is a key factor fueling the market growth.
• Need for affordable primary care access: Given the rising healthcare costs globally, there is an increasing need for affordable primary care access. Primary care physicians provide cost-efficient quality care for a majority of health concerns. According to NCBI, increasing availability of primary care physicians is associated with lower costs and hospitalization rates. Many countries are thus focusing on strengthening primary care infrastructure to reduce burden on emergency and specialist care. Collaborative and team-based primary care models are also emerging to improve access. The push for affordable, patient-centric care is creating demand for primary care physicians, thereby stimulating the market growth.
• Government initiatives and incentives: Government policies and initiatives aimed at boosting primary care are the key drivers for the primary care physicians market. The Comprehensive Primary Care Plus model provides care coordination fees and shared savings opportunities to participating primary care practices. The U.K.’s National Health Service (NHS) Long Term Plan launched in June 2023 has also outlined workforce expansion and service delivery reforms to support primary care access. Such programs incentivize training and recruitment of primary care workforce. Tax benefits for medical practice establishment along with funding for adoption of digital health technology also favor the market growth.