The global concierge medicine market is estimated to be valued at USD 19.86 BN in 2024 and is expected to exhibit a CAGR of 9.7% during the forecast period (2024-2031). Concierge medicine, also known as boutique medicine or retainer-based medicine, is a healthcare model where patients pay a monthly or annual fee to receive enhanced and improved medical services from their physicians. This subscription-based model allows doctors to spend more time with each patient and offer amenities like same-day appointment, longer office visits, telehealth consults, and home visits. With rising healthcare costs and time constraint issues plaguing the conventional system, more patients are opting for this alternative approach for personalized care and attention. It is expected that the concierge medicine market will grow significantly in the coming years as the model provides a win-win solution for doctors as well as patients.
Market Dynamics:
The global concierge medicine market is driven by the growing need for personalized healthcare services and more convenient access to medical providers. With hectic lifestyles and long waiting periods to see a doctor, many patients are opting for concierge medicine for its high-quality services and amenities like shorter waits, extended consultations, and 24/7 access to care. However, factors, such as the higher costs associated with concierge membership programs and lack of insurance coverage for such services, restrain the market growth to some extent. Growing preference for a preventive healthcare approach and focus on wellness presents lucrative opportunities for market players. Technological advancements enabled through telemedicine and online doctor consultations can further augment the reach and offerings in this space.
Key Features of the Study:
Detailed Segmentation-
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*Browse 34 market data tables and 42 figures on “Concierge Medicine Market” - Global forecast to 2031
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