Product Code: GVR-4-68040-134-8
U.S. Physician Groups Market Growth & Trends:
The U.S. physician groups market size is expected to reach USD 542.99 billion by 2030, registering a CAGR of 7.62% from 2025 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the shift of practitioners from solo practices to group practices. In a group practice, a physician has the capacity to manage advanced, essential, and expensive medical equipment. Group practices can expand their reach to cover a broader geographic area, operate across multiple locations, serve a larger patient base, and achieve greater profitability. In addition, practitioners can receive valuable feedback and insights from colleagues and co-workers when working within a group.
In the U.S. market for physician groups, value-added services encompass various offerings beyond traditional medical care, such as telemedicine, chronic disease management programs, patient education resources, wellness programs, and preventive care initiatives. By offering these services, physician groups differentiate themselves in the market, attract new patients, and improve patient outcomes. For instance, in August 2023, The Northwestern Medical Group launched the Northwestern Medicine Canning Thoracic Institute Hispanic Program, offering personalized care to Hispanic patients in their native language.
The growing government initiatives to promote physicians' revenue in the U.S. are expected to propel the market's growth over the forecast period. Government bodies have realized the importance of physicians in developing a value-based healthcare system in the U.S. and have undertaken various initiatives to bridge these gaps between revenues of different specialties. For instance, in January 2024, Commons Clinic, a value-based physician group offering musculoskeletal care to patients in Los Angeles, launched the Center for Spine Economics, Outcomes, & Research with plans to invest USD 100 million over the next decade. The center aims to test and research new models that move spinal care into community-based accountable care networks and out to hospitals.
U.S. Physician Groups Market Report Highlights:
- Based on practice type, the single specialty segment led the market with the largest revenue share of 60.74% in 2024. The multi-specialty group segment is expected to grow at the fastest CAGR over the forecast period.
- Based on practice size, the fewer than five physicians segment led the market with the largest revenue share of 36.49% in 2024. The 50+ physicians' segment is expected to grow at the fastest CAGR of over the forecast period.
- Based on ownership, the physician-owned segment led the market with the largest revenue share of 48.88% in 2024. The private equity segment is expected to grow at the fastest CAGR during the forecast period.
- The Southeast region dominated the U.S. physician groups market with the largest revenue share of 25.32% in 2024. The Western region of the U.S. physician groups market is expected to grow at the fastest CAGR during the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Segment Definitions
- 1.2. Estimates and Forecast Timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.4.5. Details of Primary Research
- 1.4.6. Research Assumption
- 1.5. Information or Data Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Data Visualization
- 1.7. Model Details
- 1.7.1. U.S. Physician Groups Market
- 1.7.2. Market Size Estimation Methodology
- 1.7.2.1. Number of active physicians working in physician groups in the U.S
- 1.7.2.2. Average annual revenue per physician in physician groups
- 1.7.2.3. Total market size estimation
- 1.7.3. Forecasting Methodology
- 1.7.3.1. Regression analysis framework
- 1.7.3.1.1. Historical data compilation
- 1.7.3.1.2. Scenario analysis
- 1.7.3.2. Extrapolation of market trends
- 1.7.4. Segment estimation: Multivariate analysis
- 1.7.4.1. Practice type analysis
- 1.8. Objectives
- 1.8.1. Objective - 1
- 1.8.2. Objective - 2
- 1.8.3. Objective - 3
- 1.9. List of Secondary Sources
- 1.10. List of Secondary Sources
Chapter 2. Executive Summary
- 2.1. U.S. Physician Group Market
- 2.1.1. Market Snapshot
- 2.1.2. Segment Snapshot
- 2.1.2.1. Practice type segment outlook
- 2.1.2.2. Practice size segment outlook
- 2.1.2.3. Ownership segment outlook
- 2.1.2.4. Region segment outlook
- 2.1.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Trends and Outlook
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Growing trend of solo practitioners opting to join physician groups
- 3.3.1.2. Government initiatives to improve revenue for physician groups
- 3.3.1.3. Shift towards value-based care models
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. Administrative burden and growing operational cost
- 3.3.2.2. Increase in employment of physicians by hospitals
- 3.4. Business Environment Analysis Tools
- 3.4.1. Industry Analysis - Porter's Five Forces Analysis
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.5. Regulatory Scenario & Reimbursement Framework
Chapter 4. Practice Type Business Analysis
- 4.1. U.S. Physician Groups Market: Practice Type Movement Analysis
- 4.2. U.S. Physician Groups Practice Type Market: Segment Dashboard
- 4.3. Practice Type Movement & Market Share Analysis, 2023 & 2030
- 4.4. U.S. Physician Groups Market Estimates & Forecast, by Practice Type
- 4.5. Single Specialty Group
- 4.5.1. Single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.2. Primary care
- 4.5.2.1. Primary care by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.3. OB/GYN
- 4.5.3.1. OB/GYN by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.4. Ophthalmology
- 4.5.4.1. Ophthalmology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.5. Surgical
- 4.5.5.1. Surgical by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.6. Psychiatry
- 4.5.6.1. Psychiatry by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.7. Cardiology
- 4.5.7.1. Cardiology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.8. Anesthesiology
- 4.5.8.1. Anesthesiology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.9. Dermatology
- 4.5.9.1. Dermatology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.10. Radiology
- 4.5.10.1. Radiology by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.11. Emergency Medicine
- 4.5.11.1. Emergency medicine by single specialty group market, 2018 - 2030 (USD Billion)
- 4.5.12. Others
- 4.5.12.1. Others by single specialty group market, 2018 - 2030 (USD Billion)
- 4.6. Multi-specialty Group
- 4.6.1. Multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.2. Primary care
- 4.6.2.1. Primary care by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.3. OB/GYN
- 4.6.3.1. OB/GYN by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.4. Ophthalmology
- 4.6.4.1. Ophthalmology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.5. Surgical
- 4.6.5.1. Surgical by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.6. Psychiatry
- 4.6.6.1. Psychiatry by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.7. Cardiology
- 4.6.7.1. Cardiology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.8. Anesthesiology
- 4.6.8.1. Anesthesiology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.9. Dermatology
- 4.6.9.1. Dermatology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.10. Radiology
- 4.6.10.1. Radiology by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.11. Emergency Medicine
- 4.6.11.1. Emergency medicine by multi-specialty group market, 2018 - 2030 (USD Billion)
- 4.6.12. Others
- 4.6.12.1. Others by multi-specialty group market, 2018 - 2030 (USD Billion)
Chapter 5. Practice Size Business Analysis
- 5.1. U.S. Physician Groups Market: Practice Size Movement Analysis
- 5.2. U.S. Physician Groups Market: Segment Dashboard
- 5.3. Practice Size Movement & Market Share Analysis, 2023 & 2030
- 5.4. U.S. Physician Groups Market, Market Estimates & Forecast, by Practice Size
- 5.5. Fewer than 5 Physicians
- 5.5.1. Fewer than 5 physicians market, 2018 - 2030 (USD Billion)
- 5.6. 5 to 10
- 5.6.1. 5 to 10 market, 2018 - 2030 (USD Billion)
- 5.7. 11 to 24
- 5.7.1. 11 to 24 market, 2018 - 2030 (USD Billion)
- 5.8. 25 to 49
- 5.8.1. 25 to 49 market, 2018 - 2030 (USD Billion)
- 5.9. 50+ Physicians
- 5.9.1. 50+ physicians market, 2018 - 2030 (USD Billion)
Chapter 6. Ownership Business Analysis
- 6.1. U.S. Physician Groups Market: Ownership Movement Analysis
- 6.2. U.S. Physician Groups Condition Market: Ownership Dashboard
- 6.3. Ownership Movement & Market Share Analysis, 2023 & 2030
- 6.4. U.S. Physician Groups Market, Market Estimates & Forecast, by Ownership
- 6.5. Physician-Owned
- 6.5.1. Physician-owned market, 2018 - 2030 (USD Billion)
- 6.6. Hospital-Owned
- 6.6.1. Hospital-owned market, 2018 - 2030 (USD Billion)
- 6.7. Private Equity-Owned
- 6.7.1. Private equity-owned market, 2018 - 2030 (USD Billion)
- 6.8. Others
- 6.8.1. Others market, 2018 - 2030 (USD Billion)
Chapter 7. Region Business Analysis
- 7.1. U.S. Physician Group Practice Management Systems Market: Region Movement Analysis
- 7.2. U.S. Physician Group Practice Management Systems Region Market: Segment Dashboard
- 7.3. Region Movement & Market Share Analysis, 2023 & 2030
- 7.4. U.S. Physician Group Practice Management Systems Market Estimates & Forecast, by Region
- 7.5. Northeast
- 7.5.1. Northeast market, 2018 - 2030 (USD Million)
- 7.6. Southeast
- 7.6.1. Southeast market, 2018 - 2030 (USD Million)
- 7.7. Southwest
- 7.7.1. Southwest market, 2018 - 2030 (USD Million)
- 7.8. Midwest
- 7.8.1. Midwest market, 2018 - 2030 (USD Million)
- 7.9. West
- 7.9.1. West market, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Position Analysis
- 8.3. Company Share Analysis
- 8.4. Strategy Mapping
- 8.4.1. Partnership & Collaboration
- 8.4.2. New Service Launch
- 8.4.3. Mergers & Acquisitions
- 8.4.4. Geographical Expansion
- 8.4.5. Others
- 8.5. Company Profiles/Listing
- 8.5.1. Cleveland Clinic
- 8.5.1.1. Overview
- 8.5.1.2. Financial performance
- 8.5.1.3. Service benchmarking
- 8.5.1.4. Strategic initiatives
- 8.5.2. The Permanente Medical Group, Inc
- 8.5.2.1. Overview
- 8.5.2.2. Financial performance
- 8.5.2.3. Service benchmarking
- 8.5.2.4. Strategic initiatives
- 8.5.3. Optum, Inc
- 8.5.3.1. Overview
- 8.5.3.2. Financial performance
- 8.5.3.3. Service benchmarking
- 8.5.3.4. Strategic initiatives
- 8.5.4. Select Physical Therapy
- 8.5.4.1. Overview
- 8.5.4.2. Financial performance
- 8.5.4.3. Service benchmarking
- 8.5.4.4. Strategic initiatives
- 8.5.5. C-HCA, Inc.
- 8.5.5.1. Overview
- 8.5.5.2. Financial performance
- 8.5.5.3. Service benchmarking
- 8.5.5.4. Strategic initiatives
- 8.5.6. University of Pittsburgh Physicians (UPMC Physicians)
- 8.5.6.1. Overview
- 8.5.6.2. Financial performance
- 8.5.6.3. Service benchmarking
- 8.5.6.4. Strategic initiatives
- 8.5.7. NYU Langone Hospitals
- 8.5.7.1. Overview
- 8.5.7.2. Financial performance
- 8.5.7.3. Service benchmarking
- 8.5.7.4. Strategic initiatives
- 8.5.8. Northwestern Medical Group (Northwestern Medicine)
- 8.5.8.1. Overview
- 8.5.8.2. Financial performance
- 8.5.8.3. Service benchmarking
- 8.5.8.4. Strategic initiatives
- 8.5.9. HealthCare Partners IPA (HealthCare Partners, MSO)
- 8.5.9.1. Overview
- 8.5.9.2. Financial performance
- 8.5.9.3. Service benchmarking
- 8.5.9.4. Strategic initiatives
- 8.5.10. Northwell Health Physician Partners (Northwell Health)
- 8.5.10.1. Overview
- 8.5.10.2. Financial performance
- 8.5.10.3. Service benchmarking
- 8.5.10.4. Strategic initiatives
- 8.5.11. RWJ Barnabas Health Medical Group
- 8.5.11.1. Overview
- 8.5.11.2. Financial performance
- 8.5.11.3. Service benchmarking
- 8.5.11.4. Strategic initiatives
- 8.5.12. Ascension
- 8.5.12.1. Overview
- 8.5.12.2. Financial performance
- 8.5.12.3. Service benchmarking
- 8.5.12.4. Strategic initiatives
- 8.5.13. Penn Medicine Physicians
- 8.5.13.1. Overview
- 8.5.13.2. Financial performance
- 8.5.13.3. Service benchmarking
- 8.5.13.4. Strategic initiatives.