The concierge medicine market is valued about USD 17.1 billion in 2023, which will reach USD 27.6 billion by 2030, powering at a rate of 7.3% by the end of this decade. The growth is because of the growing consciousness with regards to early disease diagnosis, growing elderly populace, and rising efforts of individuals to attain a balanced lifestyle.
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Also, the compensations provided by concierge medicine comprise high recompences for medics and less waiting times for patients, which make this method prevalent among both.
Based on ownership, the group category led the industry with a share of about 60% in 2023. This is because of the substantial existence of numerous top firms in the industry providing these services. It is moderately easier for medics to work as concierge doctors through a recognized company than going solo.
North America concierge medicine market is leading with a rate of around 50%, in 2023. This is because of the growing consciousness amongst people with regards to the physical wellbeing, rising requirement for precision healthcare, and growing incidence of chronic disorders, for example hyperglycemia, cancer, and obesity.
Moreover, the existence of well-recognized healthcare infra, an advantageous medical reimbursement scenario, and main players, easy accessibility of advanced technologies, and growing requirement to correctly manage the widespread ailments are contributing to the expansion of the industry.
The European region will have a significant share in the future as well, because of the existence of a substantial elderly populace. Since the ageing are prone to ailments and need instant medical attention, there has been a surge in the requirement for these services, as they provide significant suitability over traditional care settings.
The elderly population is on the rise, and it is because of this concierge medicine demand is on the rise. This trend will also continue in the future as well.
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