Concierge medicine market to reach $31.39b by 2028

It is driven by the rising demand for personalised healthcare and physician burnout.

The concierge medicine market is growing rapidly, projected to increase from $18.38b in 2023 to $20.43b in 2024, a compound annual growth rate (CAGR) of 11.2%, according to ResearchAndMarkets.com.

Key factors driving this growth include rising demand for personalised healthcare, physician burnout, high healthcare costs, and changing consumer preferences.

The market is expected to continue expanding, reaching $31.39b by 2028 at a CAGR of 11.3%.

Growth drivers also include urbanisation, lifestyle changes, healthcare disparities, and the increasing health consciousness amongst millennials. Trends such as virtual concierge services, collaborative care networks, and the use of artificial intelligence and predictive analytics are expected to shape the market.

Moreover, rising healthcare expenditures are also fueling this growth.

Leading companies are also enhancing patient access with services like online medical directories to support immediate and personalised care.