Primary Care Doctors in the US - Industry Market Research Report

Apple a day: Industry revenue is expected to begin its recovery and increase moving forward

The Primary Care Doctors industry represents physicians that often serve as the first point of contact for individuals seeking healthcare, contributing to strong demand over the five years to 2023. The burden of chronic illnesses, which are more prevalent in older adults, has risen significantly due to demographic shifts brought on by the aging of the baby-boomer population. The number of individuals aged 65 and older has grown at a CAGR of 3.0% over the five years to 2023. While this demographic trend has led to consistent growth, the COVID-19 (coronavirus) pandemic generated the most substantial revenue contraction in the past decade. As a result, growth prospects for the five years have been subdued, with revenue increasing at an estimated CAGR of only 1.4% over the five years to 2023, totaling $308.2 billion. 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.