1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Physician Groups Market?
The projected CAGR is approximately 4.5%.
U.S. Physician Groups MarketU.S. Physician Groups Market Insightful Analysis: Trends, Competitor Dynamics, and Opportunities 2025-2033
U.S. Physician Groups Market by Number of Physicians (2 to 10, 11 to 24, 25 to 50, More than 50), by Ownership (Physician-owned, Hospital-owned, Others), by Specialty (Primary Care, Pediatrics, OB/GYN, Ophthalmology, Orthopedics, Psychiatry, Cardiology, Dermatology, Others), by Payor (Public Health Insurance, Private Health Insurance/Out-of-pocket), by Type (Single-specialty, Multi-specialty), by Region (Northeast, Southeast, Southwest, Midwest, West), by U.S. Forecast 2025-2033
Base Year: 2024
150 Pages
U.S. Physician Groups Market Insightful Analysis: Trends, Competitor Dynamics, and Opportunities 2025-2033
U.S. Physician Groups Market Insightful Analysis: Trends, Competitor Dynamics, and Opportunities 2025-2033
Key Insights
The U.S. Physician group market size was valued at USD 281.45 USD Billion in 2023 and is projected to reach USD 383.01 USD Billion by 2032, exhibiting a CAGR of 4.5 % during the forecast period. A physician group or a medical group can be represented by any group of healthcare professionals who are engaged in the practice together, these groups are usually classified under single-speciality or multi-speciality groups. One speciality clinic is highly specialized in one medical area, providing the best care possible, the other multi-speciality clinics deliver wide services as one and may reduce or even eliminate the need for patients to travel to multiple clinics for different procedures and checkups. Features include common resources that are shared among providers, team-based care, and nearly always a unified approach to electronic health records. They play a notable role in achieving the healthcare goals of healthcare systems which include increasing healthcare efficiency, reducing costs, and enhancing patient outcomes. The US healthcare market is now dominated by many groups that acquire other practices with the support of hospitals or private equity firms, in turn responding to Value-based Care and system integration
U.S. Physician Groups Trends
- Increasing consolidation among physician groups, leads to larger, more efficient organizations
- Growing adoption of telemedicine and other remote care technologies
- Focus on value-based care and bundled payment models
Driving Forces: What's Propelling the U.S. Physician Groups Market
- Rising Healthcare Costs and Demand for Value-Based Care: The escalating cost of healthcare necessitates efficient, cost-effective models like physician groups. The shift towards value-based care, rewarding quality over quantity, further fuels this demand. This creates incentives for coordinated care and improved patient outcomes.
- Growing Patient Demand for Convenient and Accessible Care: Patients increasingly prioritize convenient and accessible healthcare. Physician groups, with their multidisciplinary teams and integrated services, are well-positioned to meet these demands, offering streamlined access to specialists and comprehensive care.
- Technological Advancements and Data-Driven Healthcare: Technological advancements, including telemedicine, electronic health records (EHRs), and advanced medical devices, are transforming healthcare delivery. Physician groups can leverage these technologies to enhance patient care, improve operational efficiency, and utilize data analytics for better decision-making.
- Government Initiatives and Regulatory Changes: Government regulations and initiatives, including the Affordable Care Act and increasing focus on population health management, actively encourage the adoption of value-based care models. This creates a favorable environment for the growth of physician groups, incentivizing collaborative care and improved health outcomes.
- Consolidation and Strategic Partnerships: The increasing consolidation of healthcare providers and the formation of strategic partnerships are reshaping the landscape. This drives economies of scale, enhances negotiating power with payers, and expands access to specialized services.
Challenges and Restraints in the U.S. Physician Groups Market
- Reimbursement challenges and declining physician fees
- Competition from alternative healthcare providers, such as retail clinics
- Physician burnout and workforce shortages
Emerging Trends in U.S. Physician Groups
- Artificial intelligence (AI) and machine learning (ML) in healthcare
- Personalized medicine and precision treatments
- Data-driven decision-making and population health management
Growth Catalysts in U.S. Physician Groups Industry
- Government incentives for value-based care and performance-based reimbursement.
- Widespread adoption of interoperable electronic health records (EHRs) and health information exchange (HIE) facilitating seamless data sharing.
- Rise of ambulatory surgery centers and outpatient facilities, reducing costs and improving patient access to care.
- Increased focus on preventative care and population health management, leading to proactive and coordinated patient care.
Market Segmentation: U.S. Physician Groups Analysis
By Number of Physicians
- 2 to 10
- 11 to 24
- 25 to 50
- More than 50
By Ownership
- Physician-owned
- Hospital-owned
- Others
By Specialty
- Primary Care
- Pediatrics
- OB/GYN
- Ophthalmology
- Orthopedics
- Psychiatry
- Cardiology
- Dermatology
- Others
By Payor
- Public Health Insurance
- Private Health Insurance/Out-of-pocket
By Type
- Single specialty
- Multi-specialty
Leading Players in the U.S. Physician Groups Market
- The Permanente Medical Group (U.S.)
- Optum, Inc. (U.S.)
- Brigham and Women’s Hospital (U.S.)
- Cleveland Clinic (U.S.)
- HealthCare Partners IPA (U.S.)
Significant Developments in the U.S. Physician Groups Sector
- Mergers and acquisitions among physician groups
- Expansion of telehealth services
- Investment in data analytics and AI
- Emergence of value-based payment models
Comprehensive Coverage U.S. Physician Groups Market Report
- Market Size and Forecasts: Precise quantification of the current market size and detailed projections of future growth, segmented by key parameters.
- Market Drivers and Restraints: In-depth analysis of the factors propelling market expansion and the challenges hindering growth, providing a balanced perspective.
- Competitive Landscape: Comprehensive profiles of key players, analyzing their market strategies, strengths, weaknesses, and competitive positioning.
- Segment Analysis: Detailed segmentation of the market by specialty (e.g., cardiology, oncology), practice size, geographic location, and ownership structure (e.g., independent, hospital-owned).
- Regional Insights: Granular analysis of regional variations in market dynamics, including specific growth drivers and challenges in each region.
- Financial Performance Analysis: Assessment of key financial metrics, including revenue, profitability, and operational efficiency of physician groups.
- Mergers and Acquisitions Activity: Analysis of recent M&A trends within the physician group market, identifying key players and strategic implications.
- Patent/Trademark Analysis (if applicable): Evaluation of intellectual property landscapes and their influence on market competition and innovation.
DROCs
- Drivers: Increasing healthcare costs, ageing population, technological advancements
- Restraints: Reimbursement challenges, physician burnout, competition from alternative providers
- Opportunities: AI and ML in healthcare, personalized medicine, data-driven decision-making
- Challenges: Workforce shortages, declining physician fees
Pricing Analysis
- Pricing strategies
- Cost analysis
- Value chain analysis
Import And Export Analysis
- Trade data
- Import-export trends
- Regulations and tariffs
Segmentation
- By Number of Physicians
- By Ownership
- By Specialty
- By Payor
- By Type
U.S. Physician Groups Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 4.5% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Cases of Orthopedic Injuries to Boost Market Progress
- 3.3. Market Restrains
- 3.3.1. Surge in Employment of Physicians by Hospitals to Restrain Market Growth
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Physician Groups Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Number of Physicians
- 5.1.1. 2 to 10
- 5.1.2. 11 to 24
- 5.1.3. 25 to 50
- 5.1.4. More than 50
- 5.2. Market Analysis, Insights and Forecast - by Ownership
- 5.2.1. Physician-owned
- 5.2.2. Hospital-owned
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast - by Specialty
- 5.3.1. Primary Care
- 5.3.2. Pediatrics
- 5.3.3. OB/GYN
- 5.3.4. Ophthalmology
- 5.3.5. Orthopedics
- 5.3.6. Psychiatry
- 5.3.7. Cardiology
- 5.3.8. Dermatology
- 5.3.9. Others
- 5.4. Market Analysis, Insights and Forecast - by Payor
- 5.4.1. Public Health Insurance
- 5.4.2. Private Health Insurance/Out-of-pocket
- 5.5. Market Analysis, Insights and Forecast - by Type
- 5.5.1. Single-specialty
- 5.5.2. Multi-specialty
- 5.6. Market Analysis, Insights and Forecast - by Region
- 5.6.1. Northeast
- 5.6.2. Southeast
- 5.6.3. Southwest
- 5.6.4. Midwest
- 5.6.5. West
- 5.7. Market Analysis, Insights and Forecast - by Region
- 5.7.1. U.S.
- 5.1. Market Analysis, Insights and Forecast - by Number of Physicians
- 6. Northeast U.S. Physician Groups Market Analysis, Insights and Forecast, 2019-2031
- 7. Southeast U.S. Physician Groups Market Analysis, Insights and Forecast, 2019-2031
- 8. Midwest U.S. Physician Groups Market Analysis, Insights and Forecast, 2019-2031
- 9. Southwest U.S. Physician Groups Market Analysis, Insights and Forecast, 2019-2031
- 10. West U.S. Physician Groups Market Analysis, Insights and Forecast, 2019-2031
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 The Permanente Medical Group (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Optum Inc. (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Brigham and Women’s Hospital (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Cleveland Clinic (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 HealthCare Partners IPA (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Ascension (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Northwell Health (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Mayo Foundation for Medical Education and Research (MFMER) (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Beaumont Health (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Advocate Aurora Health (U.S.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 NYU Langone Hospitals (U.S.)
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.1 The Permanente Medical Group (U.S.)
List of Figures
- Figure 1: U.S. Physician Groups Market Revenue Breakdown (USD Billion, %) by Product 2024 & 2032
- Figure 2: U.S. Physician Groups Market Share (%) by Company 2024
List of Tables
- Table 1: U.S. Physician Groups Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: U.S. Physician Groups Market Revenue USD Billion Forecast, by Number of Physicians 2019 & 2032
- Table 3: U.S. Physician Groups Market Revenue USD Billion Forecast, by Ownership 2019 & 2032
- Table 4: U.S. Physician Groups Market Revenue USD Billion Forecast, by Specialty 2019 & 2032
- Table 5: U.S. Physician Groups Market Revenue USD Billion Forecast, by Payor 2019 & 2032
- Table 6: U.S. Physician Groups Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 7: U.S. Physician Groups Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 8: U.S. Physician Groups Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 9: U.S. Physician Groups Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 10: Northeast U.S. Physician Groups Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 11: Southeast U.S. Physician Groups Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 12: Midwest U.S. Physician Groups Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 13: Southwest U.S. Physician Groups Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 14: West U.S. Physician Groups Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 15: U.S. Physician Groups Market Revenue USD Billion Forecast, by Number of Physicians 2019 & 2032
- Table 16: U.S. Physician Groups Market Revenue USD Billion Forecast, by Ownership 2019 & 2032
- Table 17: U.S. Physician Groups Market Revenue USD Billion Forecast, by Specialty 2019 & 2032
- Table 18: U.S. Physician Groups Market Revenue USD Billion Forecast, by Payor 2019 & 2032
- Table 19: U.S. Physician Groups Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 20: U.S. Physician Groups Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 21: U.S. Physician Groups Market Revenue USD Billion Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the U.S. Physician Groups Market?
Key companies in the market include The Permanente Medical Group (U.S.), Optum, Inc. (U.S.), Brigham and Women’s Hospital (U.S.), Cleveland Clinic (U.S.), HealthCare Partners IPA (U.S.), Ascension (U.S.), Northwell Health (U.S.), Mayo Foundation for Medical Education and Research (MFMER) (U.S.), Beaumont Health (U.S.), Advocate Aurora Health (U.S.), NYU Langone Hospitals (U.S.) .
3. What are the main segments of the U.S. Physician Groups Market?
The market segments include Number of Physicians, Ownership, Specialty, Payor, Type, Region.
4. Can you provide details about the market size?
The market size is estimated to be USD 281.45 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Growing Cases of Orthopedic Injuries to Boost Market Progress.
6. What are the notable trends driving market growth?
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
7. Are there any restraints impacting market growth?
Surge in Employment of Physicians by Hospitals to Restrain Market Growth.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "U.S. Physician Groups Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the U.S. Physician Groups Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the U.S. Physician Groups Market?
To stay informed about further developments, trends, and reports in the U.S. Physician Groups Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.