PUBLISHER: Grand View Research | PRODUCT CODE: 1363148
PUBLISHER: Grand View Research | PRODUCT CODE: 1363148
The U.S. mobile physician practice market size is expected to reach USD 261.6 million, expanding at a CAGR of 6.5% by 2030, 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.
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.