Physicians And Other Health Practitioners Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Physicians and other health practitioners are healthcare professionals that provide medical care. Physicians are medical doctors that are trained in healing. Other healthcare professionals include nurses, diagnostic device operators, and chemists.

Sizing and Forecast

The physicians and other health practitioners market size has grown strongly in recent years. It will grow from $1709.96 billion in 2023 to $1856.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%.  The  growth in the historic period can be attributed to medical advancements, aging population, health insurance expansion, government healthcare programs, healthcare regulations.

The physicians and other health practitioners market size is expected to see strong growth in the next few years. It will grow to $2364.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.  The growth in the forecast period can be attributed to telemedicine and digital health, healthcare workforce shortages, health equity initiatives, the potential shifts in reimbursement models. Major trends in the forecast period include telehealth integration, patient-centered care, preventive care and lifestyle medicine, alternative and complementary medicine, team-based care.

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Segmentation & Regional Insights

The physicians and other health practitioners market covered in this report is segmented –

1) By Type: Specialist Doctors, Primary Care Doctors, Podiatrists, Physical Therapists, Optometrists, Chiropractors

2) By Type of Expenditure: Public, Private

3) By End User Gender: Male, Female

Subsegments Covered: Doctors of Osteopathy, Psychiatrists, Psychologists, Other Healthcare Providers, Anesthesiologists, Cardiologists, Dermatologists, Obstetricians/ Gynecologists, Geriatricians, Neurologists, Neuropathologists, Pediatricians, Radiologists, Other Primary Care Doctors, General Podiatry, Podiatric Surgery, Podiatric Sports Medicine, Podopaediatrics

North America was the largest region in the physicians and other health practitioners market in 2023. Asia-Pacific was the second largest region in the physicians and other health practitioners market. The regions covered in the physicians and other health practitioners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Major Driver Impacting Market Growth

The physicians and other health practitioners market growth is aided by stable economic growth forecasted in many developed and developing countries. For instance, in September 2023, according to the Bureau of Economic Analysis, a US-based government agency, the real gross domestic product (GDP) increased at an annual rate of 2.1% in the second quarter of 2023. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end user markets, thereby driving the market during forecast period.

Key Industry Players

Major companies operating in the physicians and other health practitioners market include  IHH Healthcare, MEDNAX, Fresenius Medical Care AG & Co. KGaA, NHS England, US Physical Therapy, Henry Schein Inc., Healthway Medical Corp Ltd, Universal Health Services, UnitedHealth Group, CVS Health Corp., McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc., Elevance Health, Centene Corporation, HCA Healthcare Inc., Molina Healthcare Inc., Siemens Healthineers AG, Johnson & Johnson, Pfizer Inc., Merck & Co. Inc., Abbott Laboratories, Thermo Fisher Scientific Inc., Danaher Corporation, Boston Scientific Corporation, Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings Inc., Becton Dickinson and Company, Cerner Corporation, Epic Systems Corporation, Athenahealth Inc., Allscripts Healthcare Solutions Inc., Teladoc Health Inc., Humana Inc., Anthem Inc.

The physicians and other health practitioners market report table of contents includes:

 

1. Executive Summary
2. Physicians And Other Health Practitioners Market Characteristics
3. Physicians And Other Health Practitioners Product/Service Analysis -Product/Service Examples
4. Physicians And Other Health Practitioners Market Trends And Strategies
5. Physicians And Other Health Practitioners Market – Macro Economic Scenario

 

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68. Global Physicians And Other Health Practitioners Market Competitive Benchmarking
69. Global Physicians And Other Health Practitioners Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Physicians And Other Health Practitioners Market
71. Physicians And Other Health Practitioners Market Future Outlook and Potential Analysis
72. Appendix

Top Major Players:

• IHH Healthcare
• MEDNAX
• Fresenius Medical Care AG & Co. KgaA
• NHS England
• US Physical Therapy

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