JERSEY CITY, N.J., July 3, 2024 /PRNewswire/ -- InsightAce Analytic
Pvt. Ltd. announces the release of a market assessment report on
the "Direct Primary Care Market"- By Type (Clinical
Services, Telehealth Services, Laboratory Services,
Consultative Services), Care Setting (Office-Based DPC
Practices, Home-Based DPC Practices, Telehealth-Only DPC Practices,
Hybrid DPC Practices), End Users (Individuals, Employers, Small
Businesses, Large Corporations, Insurance Companies (offering DPC
as part of their plans)), Region, Market Outlook And
Industry Analysis 2031."
Global Direct Primary Care Market
is estimated to reach over USD 80.4
billion by 2031, exhibiting a CAGR of 4.50% during
the forecast period.
The Direct Primary Care (DPC) market refers to the sector of the
healthcare industry focused on the delivery and consumption of
primary care services through a direct payment model between
patients and healthcare providers. In DPC, patients typically pay a
periodic fee (monthly or annually) to their primary care physician
or practice, which covers a wide range of basic medical services.
These services often include preventive care, routine check-ups,
chronic disease management, urgent care visits, and sometimes
telehealth consultations, depending on the practice.
Patients pay providers directly for primary care services,
bypassing traditional fee-for-service payments typically mediated
by insurance companies. DPC practices aim to provide comprehensive
and accessible care without the administrative complexities
associated with insurance billing.
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List of Prominent Players in the Direct Primary Care
Market:
- One Medical
- Oak Street Health
- Paladina Health
- Forward Health
- Crossover Health
- EverMed
- Plum Health
- Nextera Healthcare
- Boston Direct Health
- PeakMed
Market Dynamics:
Drivers:
Direct Primary Care (DPC) stands out for its emphasis on
personalized care and fostering stronger patient-physician
relationships, which allows for more time and attention per patient
visit compared to traditional healthcare models. By operating
outside the conventional insurance framework, DPC effectively
reduces the administrative burden associated with billing and
coding, enabling physicians to dedicate more focus to patient
care.
This streamlined approach not only enhances the patient
experience but also meets the growing demand for healthcare that is
personalized, accessible, and affordable. As a result, alternative
models like DPC are experiencing increasing adoption and growth,
driven by patient preferences for comprehensive,
relationship-centered care that prioritizes their individual health
needs.
Challenges:
Many patients and healthcare providers remain unfamiliar with
the DPC model. Educating both groups about the benefits and
mechanics of DPC is crucial but often requires significant effort
and resources. Establishing and maintaining a DPC practice requires
careful financial planning. Setting appropriate membership fees
that cover operational costs while remaining affordable for
patients can be challenging, especially in areas with varying
socioeconomic conditions.
Regional Trends:
The traditional healthcare system's strain, including long wait
times and administrative burdens, has led patients and providers to
seek more efficient and patient-centered care options like DPC. In
the United States, where
healthcare costs remain disproportionately high, both employers and
individuals are increasingly turning to DPC's flat fee model as an
attractive and affordable option. Favorable regulatory conditions
and policies supporting telehealth and innovative healthcare models
have further bolstered the adoption of DPC, facilitating easier
access to care and enhancing the overall patient experience.
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Recent Developments:
- In May,2024, Plum Health Direct Primary Care, A
Detroit-based health services
company is branching out into three additional mid-Michigan regions, providing individuals,
families, and employers with enhanced-access primary care
memberships.
- In Nov, 2023, Forward Health launches CarePods, a
standalone medical facility driven by AI. Without a physician or
nurse present, take a blood test, monitor your blood pressure, and
swab for diseases.
Direct Primary Care Market Report Scope:
Report
Attribute
|
Specifications
|
Market Size Value In
2023
|
USD 57.3 Bn
|
Revenue Forecast In
2031
|
USD 80.4 Bn
|
Growth Rate
CAGR
|
CAGR of 4.50% from 2024
to 2031
|
Quantitative
Units
|
Representation of
revenue in US$ Bn and CAGR from 2024 to 2031
|
Historic
Year
|
2019 to 2023
|
Forecast
Year
|
2024-2031
|
Report
Coverage
|
The forecast of
revenue, the position of the company, the competitive market
structure, growth prospects, and trends
|
Segments
Covered
|
By Type, By Care
Setting, By End user, By Region.
|
Regional
Scope
|
North America; Europe;
Asia Pacific; Latin America; Middle East & Africa
|
Segmentation of Direct Primary Care Market.
Global Direct Primary Care Market – By
Type
- Clinical Services
- Telehealth Services
- Laboratory Services
- Consultative Services
- Others
Global Direct Primary Care Market – Care
Setting
- Office-Based DPC Practices
- Home-Based DPC Practices (including house calls)
- Telehealth-Only DPC Practices
- Hybrid DPC Practices
Global Direct Primary Care Market – End Users
- Individuals
- Employers
- Small Businesses
- Large Corporations
- Insurance Companies (offering DPC as part of their plans)
Global Direct Primary Care Market – By Region
North America-
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and
Africa
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for global
Direct Primary Care market
- To receive industry overview and future trends of global Direct
Primary Care market
- To analyze the Direct Primary Care market drivers and
challenges
- To get information on the Direct Primary Care market size value
(US$ Mn) forecast till 2031.
- Major Investments, Mergers & Acquisition in global Direct
Primary Care industry
Other Related Reports Published by InsightAce
Analytic:
Hospital-At-Home Market
Acute Care Telemedicine Market
mHealth Solutions Market
Urgent Care Apps Market
Chemotherapy At Home Services Market
About Us:
InsightAce Analytic is a market research and consulting firm
that enables clients to make strategic decisions. Our qualitative
and quantitative market intelligence solutions inform the need for
market and competitive intelligence to expand businesses. We help
clients gain competitive advantage by identifying untapped markets,
exploring new and competing technologies, segmenting potential
markets and repositioning products. Our expertise is in providing
syndicated and custom market intelligence reports with an in-depth
analysis with key market insights in a timely and cost-effective
manner.
Contact Us:
InsightAce Analytic PVT. LTD
Tel.: +1 551 226 6109
Email: info@insightaceanalytic.com
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