Primary Care Doctors in the US - Industry Market Research Report

Primary Care Doctors in the US - Industry Market Research Report

  • June 2021 •
  • 41 pages •
  • Report ID: 361938 •
  • Format: PDF
Bill of health: a rising aging population will boost industry revenue

Abstract

Primary Care Doctors in the US
Doctors that practice within the Primary Care Doctors industry often serve as the first point of contact for individuals seeking healthcare, which has contributed to strong demand over the five years to 2019. The burden of chronic illnesses, which are disproportionately prevalent in older adults, has risen significantly due demographic shifts brought on by the aging of the baby-boomer population. Rising total health expenditure and increasing federal funding for Medicare and Medicaid were the principal drivers of revenue during the current period. However, the increase in the number of insured individuals has also exacerbated the shortage of primary care doctors. Despite marginal growth, the number of primary care doctors has not expanded enough to keep up with overwhelming demand. Current trends are expected to accelerate over the five years to 2024 as an aging population drives demand for primary care doctors.

This industry includes general practitioners who possess a Doctor of Medicine (MD) or Doctor of Osteopathy (DO) degree. These doctors primarily work with a broad understanding of all illnesses and do not restrict their practice to one particular field of medicine. Doctors in this industry are trained for comprehensive first contact and continued care for individuals with any undiagnosed health concern.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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