U.S. Mobile Physician Practice Market to Hit Around USD 323.68 Billion by 2033

The U.S. mobile physician practice market size was exhibited at USD 169.23 billion in 2023 and is projected to hit around USD 323.68 billion by 2033, growing at a CAGR of 6.7% during the forecast period 2024 to 2033.

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U.S. Mobile Physician Practice Market Key Takeaways:

• The emergency medicine segment dominated the market with the largest revenue share of 44.1% in 2023.
• The telehealth segment is expected to grow at the fastest CAGR of 7.4% during the forecast period from 2024 to 2033.
• The primary care segment dominated the market with the largest revenue share of 19.3% in 2023.
• The rehabilitation services material segment is estimated to register the fastest CAGR of 7.8% over the forecast period from 2024 to 2033.
• The home healthcare segment dominated the market with the largest revenue share of 42.1% in 2023.
• The hospices segment is expected to grow at the fastest CAGR of 8.3% over the forecast period from 2024 to 2033.

The market growth is attributed to factors such as the increasing incidence of chronic disorders, the increasing number of people who require home aid, and the rising cost of visits to healthcare facilities. Chronic diseases are among the most prevalent and costly health conditions in the U.S. and have become a major cause of disabilities, requiring medical attention. According to the Partnership to Fight Chronic Disease (PFCD), 164 million people in U.S., around 49% of the total population, are expected to be affected by chronic diseases by 2025.

Moreover, the introduction of technologically advanced medical devices that allow physicians to remotely monitor their patients is expected to drive the market for mobile physician practices over the forecast period. By using advanced management software, medical practitioners can easily book appointments and keep track of patient medical records. The geriatric population suffers from general age-related disabilities, such as dementia, diabetes, heart conditions, Alzheimer’s disease, and mental stress. Such medical conditions are anticipated to subsequently drive the demand for house calls by physicians who provide quality medical care to this cohort at a reduced cost. Also, supportive initiatives undertaken by regulatory authorities, such as the development of the Centers for Medicare & Medicaid Services (CMS) is expected to impel market growth. CMS facilities provide advanced mobile medical services at a reduced cost.

Mobile physician practice services are covered under Medicare Part B. Most medical practitioners accept Medicare as a payment method, wherein approximately 80% is covered by Medicare and 20% is covered by secondary insurance via copay, according to annual deductibles. Secondary or third-party insurance coverage from insurance bodies, such as Cigna, Aetna, and Blue Cross Blue Shield, is also accepted by mobile physician practice services.

These practices provide on-site medical care to patients in their homes, meeting the increasing demand for personalized healthcare services. Mobile physician practices offer convenience and accessibility, especially for individuals with limited mobility or residing in remote areas. Additionally, advancements in telemedicine enable physicians to remotely monitor patients and provide consultations, leading to improved healthcare outcomes thereby aiding the growth of the U.S. mobile physician practice market.

Mobile practices offer a cost-effective solution by eliminating overhead expenses associated with physical clinics, resulting in more affordable healthcare services for patients. Furthermore, these practices can help reduce healthcare expenses by providing proactive and timely care, reducing the need for costly hospital or emergency room visits. The rising cost of healthcare facility visits has driven the demand for affordable and accessible alternatives such as mobile physician practices, boosting the market growth.

U.S. Mobile Physician Practice Market By Type Insights

The emergency medicine segment dominated the market with the largest revenue share of 44.1% in 2023. The dominance is attributed to the increasing presence of the geriatric population, which requires frequent medical interventions. The increasing cost of visits to emergency medical departments, longer wait times, and understaffed emergency rooms (ER) have made it difficult for patients to get quality care.

U.S. Mobile Physician Practice Market By Services Insights

The primary care segment dominated the market with the largest revenue share of 19.3% in 2023. Primary care mobile practice provides routine check-ups, preventive care, and general consultation. Additionally, by providing primary care directly to patients, these practices enhance accessibility for patients with limited mobility.

The rehabilitation services material segment is estimated to register the fastest CAGR of 7.8% over the forecast period from 2024 to 2033. The growth of the segment can be attributed to the increasing use of these practices in the treatment of patients recovering from surgeries, injuries, or strokes. Mobile rehabilitation practices provide targeted interventions, exercises, and therapies in the comfort of patients' homes, promoting faster recovery, improved functional outcomes, and reduced hospital readmissions.

U.S. Mobile Physician Practice Market By End-use Insights

The home healthcare segment dominated the market with the largest revenue share of 42.1% in 2023. The dominance is attributed to the convenience and comfort offered by mobile physician practice services. Long-term care centers collaborate with mobile physician services instead of maintaining in-house physicians, nursing practitioners, or assistants. Such collaborations allow these facilities to reduce the high cost of maintaining in-house medical practitioners. Most of the people receiving homecare in the U.S., are aged above 65 years, with approximately 97% of them requiring assistance while taking the bath and 91% of them requiring aid while transferring in and out of bed.

Some of the prominent players in the U.S. mobile physician practice market include:

• Mobile Physician Services, Inc.
• TeamHealth
• Doctor On Demand by Included Health, Inc.
• Florida Mobile Physicians, LLC
• PriveMD
• PatientPop, Inc.
• SOS Doctor Housecall

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to com

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. mobile physician practice market

Type

• Emergency Medicine
• Telehealth
• Others

Services

• Primary Care
• Short-Term Episodic Care
• Monitoring Services
• Wound Care
• Pain Management
• Rehabilitation Services
• Palliative Care
• Others

End-use

• Home Healthcare
• Hospices
• Nursing Care
• Assisted Living Facility

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