U.S. Mobile Physician Practice Market – By Type (Telehealth, Emergency Medicine), Services (Primary Care, Palliative Care, Pain Management, Rehabilitation Services), End-use (Home Healthcare, Nursing Care, Hospices) & Forecast, 2024 – 2032
Published on: 2024-08-07 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
U.S. Mobile Physician Practice Market – By Type (Telehealth, Emergency Medicine), Services (Primary Care, Palliative Care, Pain Management, Rehabilitation Services), End-use (Home Healthcare, Nursing Care, Hospices) & Forecast, 2024 – 2032
U.S. Mobile Physician Practice Market Size
U.S. Mobile Physician Practice Market size was valued at USD 180.4 million in 2023 and is expected to exhibit growth at a CAGR of 6.1% from 2024 to 2032. Growing demand for home healthcare model, favorable government support, advancements in telehealth technology, and improved health outcomes are among the prominent factors driving the market growth in the country.
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The U.S. has a significant patient population suffering from chronic diseases such as heart disorders, diabetes, and hypertension, among others which is projected to fuel the industry growth over the analysis timeframe. For instance, according to the report published by American Heart Association, Inc. in 2024, there are over 29.3 million patients diagnosed with diabetes and around 115.9 million have pre-diabetes in the country. Chronic conditions need continuous management and frequent medical consultations, thus making mobile physician services highly desirable, especially in remote areas. These services offer at-home treatment to aging patients enabling timely interventions and adherence to treatment plans.
Report Attribute | Details |
---|---|
Base Year | 2023 |
U.S. Mobile Physician Practice Market Size in 2023 | USD 180.4 Million |
Forecast Period | 2024-2032 |
Forecast Period 2024-2032 CAGR | 6.1% |
2032 Value Projection | USD 311.3 Million |
Historical Data for | 2021-2023 |
No. of Pages | 95 |
Tables, Charts & Figures | 23 |
Segments covered | Type, Services, and End-use |
Growth Drivers |
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Pitfalls & Challenges |
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Moreover, emerging technologies including artificial intelligence (AI) and machine learning, remote patient monitoring (RPM), mobile health apps and telemedicine platforms among others could shape the future of mobile healthcare. Further, 5G technology enables faster and more reliable data transmission, supporting high-quality telehealth services, real-time remote monitoring, and the use of complex medical applications, thereby, propelling the market growth.
Mobile physician practice is a healthcare service model involving physicians and other medical professionals providing medical care to patients in non-traditional settings, such as their homes, assisted living facilities, or community centers. It involves regular follow-up care, diagnostics, emergency services, and rehabilitation services among others.
U.S. Mobile Physician Practice Market Trends
The surging demand for home healthcare services is significantly fuelling the growth of the mobile physician practice market. As more patients, particularly the elderly and those with chronic conditions, prefer receiving care in the comfort of their homes, mobile physician practices have become increasingly popular in the U.S.
- This trend is primarily driven by the convenience, patient satisfaction, personalized attention, and reduced need for hospital visits offered by home healthcare. For instance, according to the data reported by Centers for Medicare & Medicaid Services (CMS), total expenditure for home healthcare was USD 125 billion in 2021. Further, reducing hospital admissions and emergency room visits can lower overall healthcare costs while improving patient outcomes.
- Additionally, advancements in telehealth and remote monitoring technologies have made it easier for physicians to provide high-quality care remotely. This shift towards home-based care not only enhances patient satisfaction but also helps in managing healthcare costs and improving overall health outcomes.
U.S. Mobile Physician Practice Market Analysis
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Based on type, the market is classified into telehealth, emergency medicine and other types. The telehealth segment is anticipated to witness highest growth with 6.7% CAGR over the forecast period.
- Telehealth allows patients to receive medical consultations and follow-up care from the comfort of their homes, eliminating the need for travel and reducing wait times. It also reduces the costs associated with in-person visits, such as transportation and facility overhead, making healthcare more affordable for patients and providers.
- Moreover, telehealth helps address physician shortages, especially in rural and underserved areas, by allowing healthcare providers to reach a broader patient base remotely. Increased regulatory support and reimbursement for telehealth services have encouraged more healthcare providers to adopt this mode of care.
Based on services, the U.S. mobile physician practice market is categorized into primary care, wound care, palliative care, monitoring services, pain management, rehabilitation services, and other services. The primary care segment held leading revenue share and was valued at USD 57.5 million in 2023
- Greater emphasis on preventive care to reduce long-term healthcare costs and improve patient outcomes is driving demand for regular primary care services. The use of telehealth and remote monitoring technologies in primary care allows for regular virtual consultations and follow-ups, making it easier for patients to access care.
- Further, personalized attention and continuity of care offered by primary care physicians enhance patient satisfaction and adherence to treatment plans. The growing demand for primary care is a key driver in the expansion of mobile physician practices, as they offer accessible, comprehensive, and continuous care that meets the evolving needs of patients.
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Based on end-use, the U.S. mobile physician practice market is segmented into home healthcare, nursing care, hospices and other end-users. The nursing care segment held significant share in the market in 2023 and is anticipated to reach USD 90 million by 2032.
- The increasing number of elderly individuals requiring nursing care often prefer or need medical attention within their nursing homes or assisted living facilities, driving the need for mobile physician services. Regular visits from mobile physicians ensure continuous and coordinated care, which is crucial for managing complex health issues common in nursing care populations.
- Further, having mobile physicians available in nursing care facilities allows for timely medical interventions in case of emergencies, potentially preventing severe complications. The presence of mobile physicians in nursing care settings improves patient and family satisfaction by providing accessible and immediate medical care.
U.S. Mobile Physician Practice Market Share
The market features key players focused on technological innovation and strategic partnerships. Companies are collaborating with hospitals, clinics, and insurers for improved care coordination and reimbursement. They are also integrating advanced technologies like AI and machine learning to enhance diagnostics and patient monitoring. Additionally, there are efforts in educational campaigns and patient outreach to inform about available services.
U.S. Mobile Physician Practice Market Companies
Prominent players operating in the U.S. mobile physician practice industry include
- Doctor On Demand by Included Health, Inc.
- Florida Mobile Physicians
- Hill Physicians
- LiveHealth Online (Amwell)
- Mobile Physician Services, Inc.
- Piedmont Healthcare
- Portea Medical
- PriveMD
- Resurgia Health Solutions LLC
- SOS Doctor Housecall
- TeamHealth
- Team Select Home Care
- Tebra Technologies, Inc
- Visiting Nurse Association (VNA) Health Group
U.S. Mobile Physician Practice Industry News
- In July 2021, Amwell announced that it has signed agreement to acquire Conversa Health, a virtual healthcare company and SilverCloud Health, a digital mental health platform. This development enabled the company to enhance its virtual care platform and ability to improve patient care through interactive technologies.
- In May 2021, Grand Rounds Health and Doctor On Demand signed an agreement to acquire Included Health, a comprehensive health platform for the LGBTQ+ community. With this acquisition the company intends to address and improve the health challenges of LGBTQ+ community in the country.
The U.S. mobile physician practice market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments
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Market, By Type
- Telehealth
- Emergency medicine
- Other types
Market, By Services
- Primary care
- Wound care
- Palliative care
- Monitoring services
- Pain management
- Rehabilitation services
- Other services
Market, By End-use
- Home healthcare
- Nursing care
- Hospices
- Other end-users
Table of Content
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