Primary Care Physicians Market Size By Reason (Injury, Preventive Care, Chronic Condition, Acute Condition, Pre- or post-surgery), By Age Group (Infants, Pediatrics, Adults, Geriatrics), By Mode of Consultation (Virtual, Physical), By Service Provider (Ho

Primary Care Physicians Market Size By Reason (Injury, Preventive Care, Chronic Condition, Acute Condition, Pre- or post-surgery), By Age Group (Infants, Pediatrics, Adults, Geriatrics), By Mode of Consultation (Virtual, Physical), By Service Provider (Hospitals, Clinics, Outpatient Department), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030

The global primary care physicians market is poised to record substantial growth over 2030. Instances of new disease outbreaks and infections have increased in the past few years. With infants and elderly patients at a higher risk of contracting such illnesses, the demand for primary care physicians could elevate in the healthcare sector. Advancements in digitalization have also enabled healthcare practitioners to offer telehealth services that provide patients with online medical consultations at their convenience.
The lack of primary care physicians (PCPs) is a major concern for the U.S. healthcare sector. According to UArizona Health Sciences, the state of Arizona fell short of 600 PCPs in 2019, numbers which are anticipated to reach 1,900 by the end of 2030. The state meets only 40% of its need for PCPs, indicating a growing requirement for affordable tuition and programs for students.
Several medical schools are implementing strategic programs to entice students to become primary care practitioners. In 2019, the University of Arizona College of Medicine in Tuscon and Phoenix announced that it will provide free tuition to students who commit to practicing primary care in an underserved community in Arizona.
The primary care physicians market is categorized into reason, age group, mode of consultation, and service provider.
Based on reason, the industry is fragmented into preventative care, acute conditions, chronic condition, and pre-or post-surgery. Among these, the acute conditions segment held more than 25% of the market share in 2021. The rising prevalence of acute conditions such as bronchitis, flu, asthma attack, and broken bone among others favors the industry outlook.
In terms of age group, the market is bifurcated into adults, geriatrics, infants, and pediatrics. In 2021, the primary care physicians industry share in the pediatrics segment was over 8%. Primary care practitioners are essential in bridging the gap between patient and provider in routine care. Increasing awareness among parents regarding the benefits of preventative care for infectious diseases and building stronger immunity will accelerate market growth.
With respect to the mode of consultation, the industry is divided into virtual and physical consultation. The primary care physicians market share from the physical segment is estimated to surpass USD 650 billion by 2030. Large number of patients, particularly the geriatric population, are heavily inclined toward physical consultation as in-person examinations allow patients to have open communication with doctors. Such sessions can also enable early intervention and prevention of health-related issues.
From a regional perspective, the Middle East & Africa primary care physicians market size was more than USD 16 billion in 2021. A rise in the number of surgeries, the prevalence of chronic diseases, and new initiatives for the advancement of medical diagnostic and treatment will drive the need for healthcare professionals. According to the International Diabetes Federation, MENA region has the highest prevalence of diabetes at 16.2% and is estimated to have almost 136 million cases of diabetes by 2045.