REPORT HIGHLIGHT

U.S. mobile physician practice market was valued at USD 149.6 million by 2019, growing with 8.2% CAGR during the forecast period, 2020-2026.

Market Dynamics

The mobile physician practice is defined as a practice for healthcare professionals including physician assistants, nurse practitioners, and doctors who provide house calls, and home medical care facilities to homebound patients. The growing proliferation of mobile technology has facilitated the medical system to establish standard procedures in a broader range of healthcare services. Mobile Physician Services brings the doctor’s office to the convenience and comfort of the customer’s home. These services are very useful for patients who need ongoing medical care and have difficulty getting to a physician’s office. These services have registered huge adoption from patients suffering from complex chronic conditions. Furthermore, the demand for mobile physician practice is increasing at these services are covered under Medicare Part B. Medicare is accepted as a payment method by most of the physicians. According to deductibles, 80% of this amount is covered by Medicare, and rest 20% is by secondary insurance bodies such as Blue Cross Blue Shield, Aetna, and Cigna.

Some of the prominent factors driving the growth of the U.S. mobile physician practice market include growing demand for home healthcare services coupled with increasing incidences of chronic disease conditions. According to the World Health Organization (WHO), the burden of chronic diseases such as heart diseases, stroke, cancer, and bronchitis is rapidly increasing across the world. The Autoimmunity Research Foundation also stated that patients with chronic diseases account for more than 80% of health care spending in the U.S. and major chronic conditions have an average of fifteen physician visits. It is analyzed that the treatment of chronic diseases is one of the costliest in the U.S. as it requires ongoing medical attention. Thus, the demand for cost-effective medical services such as mobile physician practices is increasing for the treatment of such chronic conditions, augmenting the industry growth.

Furthermore, associated benefits and convenience offered by these services are anticipated to propel the industry growth at a significant pace. Through such service, physicians can monitor patients effectively, keep track of patient’s medical records, and book appointments remotely with the help of advanced management software. Additionally, several initiatives taken by the regional government to develop CMS for providing advanced mobile medical services at an affordable rate are expected to positively influence market growth. On the contrary, lack of skilled professionals coupled with a lack of awareness in developing regions would, in turn, restrain the market growth to some extent.

Practice Type Takeaway

Based on the practice types, the market has been categorized into telehealth, and emergency medicine. Among all these practice types, the emergency medicine category is anticipated to dominate the market. The segment is expected to maintain its dominance over the forecast timespan. Emergency medicine is practiced in the hospital setting’s free-standing and emergency departments that provide acute care to patients. The segment growth is majorly attributed to its unplanned nature of patient attendance coupled with an increasing number of services. As per the American College of Emergency Physicians (ACEP), there are more than 45,000 emergency medicine physicians (of which over 30,000 of them are board-certified) in practice as of 2019, in the U.S.

On the contrary, the telehealth segment is projected to grow with the highest CAGR during the forecast period. The segment growth is supported by escalating patient demand for virtually-delivered care and rising patient awareness regarding telehealth practices.

Service Type Takeaway

Depending upon the service type, the industry has been segmented into the following categories i.e. short-term episodic care, palliative care, primary care, rehabilitation services, pain management, wound care, and monitoring services. The primary care segment occupied maximum share in 2019 and is expected to lead the U.S. industry during the study period. Primary medical care is the healthcare service given by a medical provider on a daily basis. Primary care is categorized into four different sectors namely family medicine, obstetrics, and gynecology (OB/GYN) cares, pediatrics, and internal medicine. On the flip side, palliative care and rehabilitation services are expected to grow with the fastest growth rate during the forecast period.

End-Use Takeaway

Depending upon the end-use, the U.S. market is segmented into an assisted living facility, home healthcare, nursing care, and hospices. The home healthcare segment is estimated to dominate the U.S. market whereas hospices are projected to witness the fastest growth in the coming years. The growth of the home healthcare segment is mainly due to the comfort and convenience offered by these services. Owing to facility of group care packages provided by mobile physician providers, allow the end-user to schedule home calls for medical emergencies and also for routine check-ups. Also, payment for these packages is covered under third-party insurance which makes it cost-efficient.

Key Vendor Takeaway

Some of the key players that are actively responsible for the growth of this industry are SOS Doctor House Call, Inc., Visiting Nurse Association (VNA) Health Group, Patientpop, Inc., Mobile Physician Services, Inc., PriveMD, Teamhealth, Florida Mobile Physicians, LLC, Doctor On Demand, Inc., and Mobile Physicians Group.

The companies are focused on research and development activities in order to develop innovative models. For instance, Humana announced that they are planning to collaborate with Doctor on Demand, a telehealth company intended to launch a new virtual primary care model. The model will be branded as On Hand which is designed to offer instant access to preventive care and primary care physicians through lower monthly premiums and videos.

The market size and forecast for each segment and sub-segments has been considered as below:

• Historical Year – 2015 to 2018
• Base Year – 2019
• Estimated Year – 2020
• Projected Year – 2026

TARGET AUDIENCE

• Traders, Distributors, and Suppliers
• Manufacturers
• Government and Regional Agencies
• Research Organizations
• Consultants
• Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

U.S. MOBILE PHYSICIAN PRACTICE MARKET KEY PLAYERS

• SOS Doctor House Call, Inc.
• Visiting Nurse Association (VNA) Health Group
• Patientpop, Inc.
• Mobile Physician Services, Inc.
• PriveMD
• Teamhealth
• Florida Mobile Physicians, LLC
• Doctor On Demand, Inc.
• Mobile Physicians Group

U.S. MOBILE PHYSICIAN PRACTICE MARKET, BY PRACTICE TYPE

• Telehealth
• Emergency Medicine
• Others

U.S. MOBILE PHYSICIAN PRACTICE MARKET, BY SERVICE TYPE

• Wound Care
• Pain Management
• Rehabilitation Services
• Primary Care
• Short-Term Episodic Care
• Monitoring Services
• Palliative Care
• Others

U.S MOBILE PHYSICIAN PRACTICE MARKET, BY END-USE

• Hospices
• Home Healthcare
• Nursing Care
• Assisted Living Facility
• Hospitals