The U.S. mobile physician practice market size is expected to reach USD 201.4 million, expanding at a CAGR of 5.9% by 2026, based on a new report by Grand View Research, Inc. Advancements in healthcare technology have enabled physicians to improve medical practices offered during house calls. In addition, telehealth has enabled mobile practitioners to remotely monitor their patients and keep track of medical records efficiently.
Growing prevalence of chronic diseases among geriatric population is anticipated to propel market growth. Disabilities owing to chronic disorders make it difficult for elderly people to visit healthcare facilities for routine checkup. Mobile physician practice services allow patients to book house calls and get themselves checked at home by professionals. In addition, initiatives from regulatory bodies such as Centers for Medicare & Medicaid Services (CMS) to reduce medical expenses are anticipated to impel market growth. Moreover, advent of mobile applications allowing physicians practice telehealth is expected to augment market growth.
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The emergency medicine type segment is expected to continue holding the leading market share over the forecast period, attributed to longer wait time at emergency medical departments in hospitals, high visiting costs, and understaffed healthcare facilities. The telehealth segment is projected to witness the fastest CAGR over the forecast period, owing to technological advancements in healthcare industry.Adoption of advanced solutions by the physicians to provide quality healthcare services to the patients is expected to further fuel the market.
In 2018, the primary care services segment held the largest market share and is anticipated to continue its dominance over the forecast period. The rehabilitation services segment is expected to exhibit the fastest CAGR in the forthcoming years. Growing adoption of rehabilitation services by patients at home owing to convenience and comfort is driving the growth. Based on end use, home healthcare is expected to continue holding the dominant market share over the forecast period.
U.S. Mobile Physician Practice Market Report Highlights
• Majority of mobile physician service providers in U.S. operate on value-based contracts offering long term medical facilities to patients
• In 2018, the emergency medicine segment held the largest market share owing to cost-effective and immediate mobile services offered by physicians during house calls
• Multiple services are offered by mobile physicians depending on the patient’s complexity. Primary care service has significant demand in the market for the treatment of acute ailments among homebound patients and those at assisted living facilities
• The home healthcare segment is anticipated to continue holding the largest market share during the forecast period
• Some of the key players operating in the market are Visiting Nurse Association (VNA) Health Group; Mobile Physician Services, Inc.; Team Select Home Care; TeamHealth; Mobile Physicians Group; Doctor On Demand, Inc.; Florida Mobile Physicians, LLC; PriveMD; PatientPop, Inc.; and SOS Doctor.
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U.S. Mobile Physician Practice Market Segmentation
Grand View Research has segmented the U.S. mobile physician practice market based on type, service, and end use:
U.S. Mobile Physician Practice Type Outlook (Revenue, USD Million, 2015 - 2026)
• Emergency Medicine
• Telehealth
• Others
U.S. Mobile Physician Practice Services Outlook(Revenue, USD Million, 2015 - 2026)
• Primary Care
• Short-Term Episodic Care
• Monitoring Services
• Wound Care
• Pain Management
• Rehabilitation Services
• Palliative Care
• Others
U.S. Mobile Physician Practice End-use Outlook (Revenue, USD Million, 2015 - 2026)
• Home Healthcare
• Hospices
• Nursing Care
• Assisted Living Facility
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.