Market Size –
The direct primary care market size has grown strongly in recent years. It will grow from $61.29 billion in 2023 to $65.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to fee-for-service model limitations, primary care shortage and burnout, lifestyle medicine and holistic care, convenience and flexibility, and transparency and cost control.
The direct primary care market size is expected to see strong growth in the next few years. It will grow to $86.50 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to a holistic approach to healthcare, a shift from reactive to proactive care, expansion of direct primary care practices, adoption of value-based care models, and potential policy changes. Major trends in the forecast period include leveraging natural language processing, integration of genomic and precision medicine, development of cloud-based practice management, utilization of predictive analytics, and integration of digital therapeutics.
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Scope Of Direct Primary Care Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Direct Primary Care Market Overview
Market Drivers –
The rising prevalence of diabetes is expected to propel the growth of the direct primary care market going forward. Diabetes refers to a chronic medical condition characterized by high levels of glucose (sugar) in the blood. Diabetes cases are on the rise due to factors such as increasing obesity rates, sedentary lifestyles, poor diets, aging populations, and genetic predisposition. Direct primary care practices offer unlimited access to primary care services for a flat monthly fee, allowing patients with diabetes to receive regular check-ups, medication management, lifestyle counseling, and continuous support from their primary care providers. For instance, in December 2021, according to the IDF Diabetes Atlas 10th Edition report published by the International Diabetes Federation, a Belgium-based diabetes community, 537 million adults aged 20 to 79 years worldwide were currently diagnosed with diabetes, representing 1 in 10 individuals. The projections indicate that this number is expected to increase to 643 million by 2030 and further to 783 million by 2045. Therefore, the rising prevalence of diabetes is driving the growth of the direct primary care market.
Market Trends –
Major companies operating in the direct primary care market are focusing on developing innovative service offerings, such as direct-to-consumer services, to gain a competitive edge in the market. Direct-to-consumer (DTC) services refer to businesses that sell their products or services directly to consumers, bypassing traditional retail channels or intermediaries. For instance, in January 2022, MedLion Management Inc., a US-based healthcare company, launched Online Medical Service, a direct-to-consumer offering aimed at enhancing customer access and experience in healthcare. This unique solution provides streamlined appointment scheduling, virtual consultations, secure messaging with healthcare providers, and access to electronic health records.
The direct primary care market covered in this report is segmented –
1) By Type: Clinical Services, Laboratory Services, Consultative Services, Care Coordination, Comprehensive Care Management
2) By Practice Setting: Solo Practices, Group Practices, Other Practice Settings
3) By Application: Cardiology, Internal Medicine, Primary Care, Osteopathy, Psychiatry, Pediatrics
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Regional Insights –
North America was the largest region in the direct primary care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the direct primary care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the direct primary care market are Oak Street Health Inc., Prestige Consumer Healthcare Inc., One Medical Group, RubiconMD, Aledade Inc., Crossover Health Medical Group APC, Everside Health Inc., Elation Health, Paladina Health, SignatureMD, PeakMed, DPC Frontier, MedLion, Salud Healthcare LLC, Turntable Health, Atlas.md, Freedom Healthworks LLC, R-Health, EverMed DPC, Boston Direct Health, Nextera Healthcare, CareClix, Forward Family Healthcare, Hint Health, Qliance Medical Management
Table of Contents
1. Executive Summary
2. Direct Primary Care Market Characteristics
3. Direct Primary Care Market Trends And Strategies
4. Direct Primary Care Market – Macro Economic Scenario
5. Global Direct Primary Care Market Size and Growth
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31. Direct Primary Care Market Other Major And Innovative Companies
32. Global Direct Primary Care Market Competitive Benchmarking
33. Global Direct Primary Care Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Direct Primary Care Market
35. Direct Primary Care Market Future Outlook and Potential Analysis
36.Appendix
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