U.S. Physician Groups Market Growth, Size, Trends Analysis - By Practice Type, By Practice Size, By Ownership - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

U.S. Physician Groups Market Introduction and Overview

According to SPER Market Research, the U.S. Physician Groups Market is estimated to reach USD 747.57 billion by 2034 with a CAGR of 7.9%.

The report includes an in-depth analysis of the U.S. Physician Groups Market, including market size and trends, product mix, Applications, and supplier analysis. The U.S. Physician Groups Market was valued at USD 349.49 billion in 2024, and it is expected to rise at a 7.9% CAGR from 2025 to 2034. The demand for the U.S. Physician Groups Market is increasing due to rising prevalence of chronic and lifestyle-related diseases, which require continuous and coordinated care. An aging population is driving the need for specialized medical services. Additionally, the shift toward value-based and patient-centric care encourages collaboration among physicians. Technological advancements, such as telemedicine and electronic health records, improve accessibility and efficiency. Increasing healthcare awareness and preventive care initiatives further boost the adoption of physician group services across the country.

By Practice Type Insights

In 2024, the Single-Specialty segment led the U.S. Physician Groups Market, capturing the largest revenue share. This growth is driven by the ability of single-specialty groups to focus on specific medical fields, providing highly specialized care and expertise. Concentrating on one area allows these groups to streamline operations, invest in advanced technologies, and implement targeted treatment protocols, enhancing patient outcomes. Patients seeking specialized care often prefer these focused practices for their depth of knowledge and consistent quality. Additionally, single-specialty groups can efficiently manage resources, reduce operational complexity, and maintain strong clinical performance, making them a leading contributor to market revenue.

By Practice Size Insights

In 2024, the Fewer Than 5 Physicians segment comprising groups dominated the U.S. Physician Market, capturing the largest revenue share. This is driven by the personalized and patient-focused care such small practices provide, fostering strong doctor-patient relationships and higher satisfaction. Smaller groups benefit from lower administrative overhead and greater operational flexibility, enabling quicker decision-making and easier adoption of new technologies. These practices often serve niche or local communities, ensuring continuity of care and specialized attention. Their ability to deliver efficient, high-quality services while maintaining close patient engagement has made the fewer-than-five-physician segment a dominant contributor to market revenue.

By Ownership Insights

The Physician-owned segment led the U.S. Physician Groups Market in 2024, capturing the largest revenue share. This dominance is driven by the ability of physician-owned practices to offer personalized, patient-centered care while maintaining operational control. Such ownership structures allow for more efficient decision-making, streamlined workflows, and stronger alignment between clinical goals and business strategies. Physicians in these groups can directly implement innovative treatment approaches and adopt advanced technologies, enhancing care quality. Additionally, patient trust and continuity of care are higher in physician-owned practices, contributing to increased patient retention and satisfaction. These factors collectively reinforce the segment's strong market in U.S.

Regional Insights

In 2024, the Southeast region dominated the U.S. Physician Groups Market, capturing the largest revenue share. This dominance is attributed to a combination of demographic and healthcare infrastructure factors. The region has a significant aging population, increasing the demand for continuous and specialized medical care. Additionally, there is a strong presence of well-established integrated physician networks and group practices, which enhance care coordination and operational efficiency. Investments in healthcare technology, including electronic health records and telemedicine, further support service delivery. Growing awareness of preventive care and chronic disease management also contributes to market growth, making the Southeast a key revenue-generating region.

Market Competitive Landscape

The U.S. Physician Groups Market is highly competitive, featuring a mix of large integrated networks and specialized regional providers. Key players such as Cleveland Clinic, Kaiser Foundation Health Plan, and UNITEDHEALTH GROUP leverage strong brand recognition, advanced healthcare technology, and broad service portfolios to maintain market leadership. Northwell Health compete by offering specialized care, coordinated treatment, and patient-focused programs. Select Medical and University of Pittsburgh Physicians emphasize physical therapy and multispecialty services to differentiate their offerings. Smaller groups like HealthCare Partners IPA focus on personalized care and local market presence. Competitive strategies are made to improve service quality, technology adoption, and integrated care models.

Recent Developments:

In January 2024, The Cleveland Guardians renewed their partnership with Cleveland Clinic, keeping it as the Official Healthcare Provider, Family Deck claims partner, and sponsor of the Family Value Pack ticket offer.
In January 2024, Northwestern Medicine teamed up with Countryside Fire Protection District and South Elgin to deploy its Mobile Stroke Unit, providing emergency stroke care in the region.
In October 2023, Optum, Inc. partnered with ProHealth to enhance patient care, implement innovative technologies, and support ProHealth's community services.
In May 2023, South Shore Neurologic Associates and NYU Langone Health opened three collaborative centers in Riverhead, Patchogue, and Islip to improve specialized care in Suffolk County.

Scope of the report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Practice Type, By Practice Size, By Ownership
Regions covered Northeast Region, Southeast Region, Southwest Region, Midwest Region, Western Region

Companies Covered

C-HCA, Inc., Cleveland Clinic, HealthCare Partners IPA, Kaiser Foundation Health Plan, Inc., Northwell Health, Northwestern Memorial HealthCare, NYU Langone Health, Select Medical, University of Pittsburgh Physicians, UNITEDHEALTH GROUP

Key Topics Covered in the Report

U.S. Physician Groups Market Size (FY'2021-FY'2034)
Overview of U.S. Physician Groups Market
Segmentation of U.S. Physician Groups Market By Practice Type (Single Specialty Group, Multi-specialty Group)
Segmentation of U.S. Physician Groups Market By Practice Size (Fewer than 5 Physicians, 5 to 10, 11 to 24, 25 to 49, 50+ Physicians)
Segmentation of U.S. Physician Groups Market By Ownership (Physician-owned, Hospital-owned, Private Equity-owned, Others)
Statistical Snap of U.S. Physician Groups Market
Expansion Analysis of U.S. Physician Groups Market
Problems and Obstacles in U.S. Physician Groups Market
Competitive Landscape in the U.S. Physician Groups Market
Details on Current Investment in U.S. Physician Groups Market
Competitive Analysis of U.S. Physician Groups Market
Prominent Players in the U.S. Physician Groups Market
SWOT Analysis of U.S. Physician Groups Market
U.S. Physician Groups Market Future Outlook and Projections (FY'2025-FY'2034)
Recommendations from Analyst Show more