US Physician Groups Market Analysis

ID: MRFR/HC/13162-HCR

128 Pages

Rahul Gotadki

September 2025

US Physician Groups Market Research Report By Type of Physician Groups (Independent Physician Groups, Hospital-Affiliated Physician Groups, Multispecialty Physician Groups, Single Specialty Physician Groups), By Service Offered (Primary Care Services, Specialty Care Services, Emergency Care Services, Preventive Care Services), By Practice Size (Small Practices, Medium Practices, Large Practices...

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Market Analysis

In-depth Analysis of US Physician Groups Market Industry Landscape

Many factors determine how US physician groups cooperate, struggle, and adapt to healthcare reforms. These factors impact US physician group markets. Legal changes are a major market factor. Healthcare policies, funding mechanisms, and compliance standards affect how medical organizations collaborate and deliver treatment. Physician organizations must adapt and prepare ahead to continue in business and obey these standards, which change often. Demographic changes in the US and worldwide affect the physician group market. Chronic illnesses and an aging population increase healthcare needs. Physician groups must accommodate this demand and adapt their services to the demands of elderly patients. This demographic shift affects the workforce. Medical organizations may struggle due to a doctor shortage and the requirement for specialized treatment. Technology shapes the US medical group market. A lot of people use EHRs, telemedicine, and other tools that help them keep track of their health information. Get these tools and use them to make things run more easily, give better care to patients, and stay competitive in a healthcare market that is always changing. Market consolidation also impacts US medical organizations. Healthcare firms have developed and entangled due to mergers and acquisitions. Merging may improve economies of scale, payer negotiations, and care organization. People fear that decreased competition would restrict patients' alternatives and hike healthcare costs. The economy also affects medical group markets. Value-based care, which pays for quality and outcomes, is replacing fee-for-service. This move encourages medical organizations to prioritize preventative treatment, patient satisfaction, and health outcomes. You must carefully manage your budget and invest in the tools you need to measure and demonstrate superior patient care to navigate this transformation. Patient preferences greatly impact the medical group market. As they acquire healthcare knowledge and power, individuals desire more convenient, specialized, and accessible services. Physician organizations must provide new services, prioritize patients, and improve the patient experience to stay up with changing preferences. Other economies' healthcare expenditures and insurance policies affect US medical groups. Economic downturns, health insurance policy changes, and payment rate changes may cost physician offices money. Medical organizations must react swiftly and strategically to these economic factors to survive.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Certified Researchers

Market Summary

The US Physician Groups market is projected to grow from 25 USD Billion in 2024 to 40 USD Billion by 2035.

Key Market Trends & Highlights

US Physician Groups Key Trends and Highlights

The market is expected to experience a compound annual growth rate of 4.37 percent from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 40 USD Billion, indicating robust growth.
In 2024, the market is valued at 25 USD Billion, reflecting the current size of the sector.
Growing adoption of telemedicine due to increasing patient demand is a major market driver.

US Physician Groups Market

CAGR

4.37%

Market Size & Forecast

2024 Market Size	25 (USD Billion)
2035 Market Size	40 (USD Billion)
CAGR (2025-2035)	4.37%
Largest Regional Market Share in 2024	latin_america)

Major Players

DaVita, Humana, Ascension Health, Kaiser Permanente, UnitedHealth Group, Cigna, Community Health Systems, HCA Healthcare, Baylor Scott & White Health, Tenet Healthcare, Mayo Clinic, Centene Corporation, Anthem, Health Net, Cleveland Clinic

Market Trends

US Physician Groups Market Market Drivers

Market Segment Insights

Physician Groups Market Type of Physician Groups Insights

The Type of Physician Groups segment within the US Physician Groups Market showcases a diverse landscape that plays a vital role in the overall healthcare delivery system. This market segmentation includes Independent Physician Groups, Hospital-Affiliated Physician Groups, Multispecialty Physician Groups, and Single Specialty Physician Groups, each contributing uniquely to the healthcare needs across the nation. Independent Physician Groups are esteemed for their autonomy, allowing them to offer personalized care without the constraints often found in larger organizations; they are particularly appealing to patients seeking intimate and tailored healthcare experiences.

On the other hand, Hospital-Affiliated Physician Groups leverage the resources and infrastructure of hospitals, leading to improved access to advanced medical technologies and support services, thus enhancing treatment capabilities and patient outcomes. Multispecialty Physician Groups stand out in the market for their ability to house various specialists in one location, promoting integrated care and efficient patient management. This model has gained traction as healthcare increasingly shifts toward coordinated care efforts, particularly with the rise of chronic disease management initiatives.

Moreover, Single Specialty Physician Groups focus on specific areas of treatment, allowing for deep expertise and high-quality care in those fields, which can lead to better patient satisfaction and clinical outcomes. The growth dynamics of the US Physician Groups Market are supported by various trends, including an increasing emphasis on value-based care and the adoption of new technologies to enhance patient engagement. Additionally, the demographic trends indicating an aging population and increasing chronic health conditions provide opportunities for all types of physician groups to expand their services.

However, challenges such as regulatory pressures and the need for interoperability among different healthcare systems continue to impact their operations. Understanding these segments and their contributions not only reflects the nuances within the US healthcare ecosystem but also highlights the shifting preferences of patients toward personalized, coordinated, and specialized services in medicine.

Physician Groups Market Service Offered Insights

The US Physician Groups Market, particularly in the context of Service Offered, plays a crucial role in the healthcare landscape. This market encompasses various vital services including Primary Care Services, Specialty Care Services, Emergency Medical Care Services, and Preventive Care Services. Primary Care Services are fundamental as they serve as the first point of contact in the healthcare system, addressing a wide range of health issues and promoting overall wellness. Specialty Care Services cater to specific health needs, providing advanced interventions and treatments by specialists, which is essential for managing complex conditions.

Emergency Care Services are critical for immediate response and treatment of acute health crises, often saving lives and minimizing long-term health impacts. Preventive Care Services focus on proactive measures to avert illnesses, encouraging a healthier population and reducing healthcare costs in the long run. The increasing demand for personalized and patient-centered care is driving growth across these areas, supported by advancements in technology and a push towards value-based care. The US Physician Groups Market is responding to demographic shifts, particularly the aging population, further expanding the significance and innovations within these service categories.

The combination of these services underpins the foundation of the healthcare system, enhancing accessibility, improving outcomes, and ultimately shaping the future of healthcare delivery in the US.

Physician Groups Market Practice Size Insights

In the US Physician Groups Market, the Practice Size segment is essential for understanding how healthcare services are structured and delivered. Small Practices, often characterized by personalized care, have a significant role in providing accessible healthcare and maintaining patient relationships, making them critical for local communities. Medium Practices facilitate improved operational efficiencies and enable better resource sharing, thus playing a pivotal role in balancing accessibility with specialized care offerings. Large Practices, on the other hand, dominate the landscape by leveraging economies of scale, enabling a broader range of services and advanced technologies, thus enhancing the overall patient experience.

As the healthcare landscape evolves, each practice size faces unique challenges, including regulatory compliance and reimbursement issues, but they also enjoy opportunities for growth through telemedicine and integrated care models. Overall, the segmentation of Practice Size within the US Physician Groups Market provides valuable insights into tailoring care delivery strategies and optimizing health outcomes for diverse patient populations. Understanding these dynamics is crucial for stakeholders looking to navigate the changing healthcare environment.

Physician Groups Market Payer Mix Insights

The Payer Mix segment within the US Physician Groups Market is a crucial aspect that reflects the diverse sources through which healthcare services are financed. Public Payers, which include government-funded programs, continue to hold significant market share as they cater to large populations requiring essential medical services. This category is vital for maintaining access to care, especially for low-income individuals and the elderly. Meanwhile, Private Insurers play a pivotal role by facilitating a more extensive array of healthcare offerings and personalized treatment options.

This sector often drives innovations in service delivery and patient engagement, reflecting the changing dynamics of consumer demand in the healthcare landscape. Self-Pay options, though less dominant, have gained traction, particularly as patients seek flexibility in managing healthcare expenses. Overall, the Payer Mix segment illustrates the complexities of funding healthcare in the US and highlights ongoing trends in consumer preferences and regulatory policies that shape the US Physician Groups Market. Market growth in this segment is influenced by evolving reimbursement models, legislative changes, and a focus on value-based care, creating both challenges and opportunities for stakeholders within the industry.

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Regional Insights

Key Players and Competitive Insights

The US Physician Groups Market is characterized by a rapidly evolving landscape, where competition intensifies among healthcare providers, insurers, and integrated care systems. With a growing emphasis on value-based care and patient-centered services, physician groups must adapt to changing regulations, reimbursement models, and patient expectations. This environment fosters innovation and strategic alliances among various players, leading to enhanced service offerings and improved patient outcomes. The drive for efficiency and higher quality care is pushing physician groups to adopt advanced technologies, implement care coordination strategies, and invest in population health management.

As the market matures, the competitive dynamics will increasingly hinge on the ability of physician groups to differentiate themselves through specialized services, strategic partnerships, and comprehensive care models.

DaVita operates prominently within the US Physician Groups Market, primarily focusing on providing high-quality healthcare services with a specialization in kidney care and dialysis services. The company has established a strong market presence due to its robust network of outpatient dialysis centers and a dedicated team of healthcare professionals committed to delivering superior patient care. DaVita's strengths lie in its comprehensive care programs that not only address the medical needs of kidney disease patients but also encompass education and support programs to enhance patient engagement.

This patient-centric approach has allowed DaVita to foster long-term relationships with patients, thereby strengthening its market foothold and enhancing service offerings. The company’s commitment to innovation in care delivery and its ongoing investments in quality improvement initiatives further solidify its competitive advantage in the market.

Humana has carved out a substantial niche in the US Physician Groups Market by offering a varied range of health insurance products integrated with comprehensive healthcare services. The company's key offerings include Medicare Advantage plans, individual and family health insurance, and wellness programs designed to address the diverse needs of its members. As a formidable player in the market, Humana enhances its presence through strategic partnerships and collaborations with healthcare providers, focusing on integrated care solutions that emphasize preventative care and chronic disease management.

The company’s strengths include its strong brand recognition, extensive member base, and solid financial health, allowing it to invest in technology and expand its service lines. Humana has also engaged in mergers and acquisitions to bolster its market position, emphasizing vertical integration to deliver more cohesive healthcare experiences to its members. This level of investment in innovative care practices and the pursuit of effective healthcare delivery systems further enhances Humana's competitiveness within the US Physician Groups Market.

Key Companies in the US Physician Groups Market market include

Industry Developments

Q4 2024: SCA Health Acquires OrthoAlliance (Optum/United Healthcare) SCA Health, a subsidiary of UnitedHealth Group, acquired OrthoAlliance, an orthopedic management services organization, for approximately $1.4 billion. The acquisition expands SCA Health’s network in orthopedic and sports medicine services across Ohio, Indiana, and Kentucky.
Q4 2024: Cardinal Health acquired a majority stake in GI Alliance (GIA) for $2.8 billion Cardinal Health acquired a majority stake in GI Alliance, a large physician-owned gastroenterology group, for $2.8 billion. The deal was completed in November 2024 and marks Cardinal Health’s entry into physician practice management.
Q2 2025: McKesson Acquires Controlling Interest in PRISM Vision Holdings, LLC McKesson Corporation signed a definitive agreement to acquire an 80% controlling interest in PRISM Vision Holdings, a provider of ophthalmology and retina management services, for $850 million. The acquisition aims to expand McKesson’s specialty solutions platform.
Q2 2024: Houston Healthcare joins Emory Healthcare system Houston Healthcare, which includes two hospitals and several outpatient facilities and physician practices, joined the Emory Healthcare system after receiving regulatory approval. The deal was announced in August 2024 and completed in June 2025.
Q2 2025: Doylestown Health joins University of Pennsylvania Health System Doylestown Health, a 245-bed community teaching hospital with associated physician practices, joined the University of Pennsylvania Health System following regulatory approval. The hospital was renamed Penn Medicine Doylestown Health.
Q2 2025: University of Mississippi Medical Center acquires Merit Health Madison The University of Mississippi Medical Center acquired Merit Health Madison, a hospital with 67 licensed beds and associated physician practices, expanding its capacity and unifying operations.

Market Segmentation

Physician Groups Market Payer Mix Outlook

Public Payers
Private Insurers
Self-Pay

Physician Groups Market Practice Size Outlook

Small Practices
Medium Practices
Large Practices

Physician Groups Market Service Offered Outlook

Primary Care Services
Specialty Care Services
Emergency Care Services
Preventive Care Services

Physician Groups Market Type of Physician Groups Outlook

Independent Physician Groups
Hospital-Affiliated Physician Groups
Multispecialty Physician Groups
Single Specialty Physician Groups

Report Scope

Report Attribute/Metric	Details
Market Size 2023	23.04 (USD Billion)
Market Size 2024	25.0 (USD Billion)
Market Size 2035	40.0 (USD Billion)
Compound Annual Growth Rate (CAGR)	4.365% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	DaVita, Humana, Ascension Health, Kaiser Permanente, UnitedHealth Group, Cigna, Community Health Systems, HCA Healthcare, Baylor Scott & White Health, Tenet Healthcare, Mayo Clinic, Centene Corporation, Anthem, Health Net, Cleveland Clinic
Segments Covered	Type of Physician Groups, Service Offered, Practice Size, Payer Mix
Key Market Opportunities	Value-based care models, Telehealth expansion, Data analytics integration, Aging population services, Enhanced patient experience technologies
Key Market Dynamics	value-based care adoption, regulatory changes impact, technological advancements integration, patient-centered care focus, consolidation among physician groups
Countries Covered	US

Market Highlights

Author

Rahul Gotadki

Assistant Manager

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What was the market size of the US Physician Groups Market in 2024?

The US Physician Groups Market was valued at 25.0 USD Billion in 2024.

What will be the projected market size of the US Physician Groups Market by 2035?

By 2035, the market is projected to reach a value of 40.0 USD Billion.

What is the expected CAGR for the US Physician Groups Market from 2025 to 2035?

The market is expected to grow at a CAGR of 4.365% from 2025 to 2035.

Which type of physician group is expected to have the highest market share in 2024?

Hospital-Affiliated Physician Groups are expected to have the highest share with a market value of 9.0 USD Billion in 2024.

What will be the market value of Independent Physician Groups by 2035?

Independent Physician Groups are projected to have a market value of 12.0 USD Billion by 2035.

Who are the major players in the US Physician Groups Market?

Key players include DaVita, Humana, Ascension Health, Kaiser Permanente, and UnitedHealth Group, among others.

What was the market size for Multispecialty Physician Groups in 2024?

The market size for Multispecialty Physician Groups was 5.0 USD Billion in 2024.

What is the market value of Single Specialty Physician Groups in 2035?

Single Specialty Physician Groups are expected to reach a market value of 5.5 USD Billion by 2035.

What are the key trends driving growth in the US Physician Groups Market?

The key trends driving growth include an increasing focus on value-based care and integration of technology in healthcare delivery.

What are the projected challenges in the US Physician Groups Market?

Challenges include regulatory changes and the need for physician groups to adapt to new payment models.

EXECUTIVE SUMMARY
MARKET INTRODUCTION
1. Definition
2. Scope of the Study
  1. Research
Objective
1. Assumptions
  1. Limitations
RESEARCH METHODOLOGY
1. Overview
2. Data Mining
3. Secondary Research
4. Primary Research
  1. Primary
Interviews and Information Gathering Process
1. Breakdown of Primary
Respondents
1. Forecasting Model
2. Market Size Estimation
  1. Bottom-Up Approach
  2. Top-Down Approach
Data Triangulation
1. Validation
MARKET DYNAMICS
1. Overview
2. Drivers
3. Restraints
Opportunities
MARKET FACTOR ANALYSIS
1. Value Chain Analysis
2. Porter’s Five Forces Analysis
  1. Bargaining Power
of Suppliers
1. Bargaining Power of Buyers
  1. Threat
of New Entrants
1. Threat of Substitutes
  1. Intensity
of Rivalry
1. COVID-19 Impact Analysis
  1. Market Impact
Analysis
1. Regional Impact
  1. Opportunity and Threat
Analysis
US PHYSICIAN GROUPS MARKET, BY NUMBER OF PHYSICIANS
1. Overview
2. 2 to 10
3. 11 to 24
to 50
1. More than 50
US PHYSICIAN GROUPS MARKET,
BY OWNERSHIP
1. Overview
2. Physician-Owned
Hospital-Owned
1. Others
US PHYSICIAN GROUPS MARKET,
BY SPECIALTY
1. Overview
2. Primary Care
Pediatrics
1. OB/GYN
2. Ophthalmology
Orthopedics
1. Psychiatry
2. Cardiology
Dermatology
1. Others
US PHYSICIAN GROUPS MARKET, BY
PAYOR
1. Overview
2. Public Health Insurance
3. Private Health Insurance/Out-of-pocket
US PHYSICIAN GROUPS
MARKET, BY TYPE
1. Overview
2. Single-Specialty
3. Multi-Specialty
COMPETITIVE LANDSCAPE
Overview
1. Competitive Analysis
2. Market Share Analysis
3. Major Growth Strategy in the US Physician Groups Market,
4. Competitive Benchmarking
5. Leading Players in Terms of Number
of Developments in the US Physician Groups Market,
1. Key developments
and Growth Strategies
1. New Product Launch/Service Deployment
  1. Merger & Acquisitions
  2. Joint Ventures
2. Major Players Financial Matrix
  1. Sales & Operating
Income, 2022
1. Major Players R&D Expenditure. 2022
COMPANY PROFILES
1. The Permanente Medical Group (U.S.)
  1. Company Overview
  2. Financial Overview
Products Offered
1. Key Developments
  1. SWOT Analysis
  2. Key Strategies
2. OPTUM, INC. (U.S.)
Company Overview
1. Financial Overview
  1. Products
Offered
1. Key Developments
  1. SWOT Analysis
  2. Key Strategies
2. Brigham and Women’s Hospital
(U.S.)
1. Company Overview
  1. Financial Overview
  2. Products Offered
  3. Key Developments
SWOT Analysis
1. Key Strategies
2. CLEVELAND CLINIC
(U.S.)
1. Company Overview
  1. Financial Overview
  2. Products Offered
  3. Key Developments
SWOT Analysis
1. Key Strategies
2. HealthCare Partners
IPA (U.S.)
1. Company Overview
  1. Financial Overview
  2. Products Offered
  3. Key Developments
SWOT Analysis
1. Key Strategies
2. Ascension (U.S.)
  1. Company Overview
  2. Financial Overview
  3. Products Offered
  4. Key Developments
SWOT Analysis
1. Key Strategies
2. NORTHWELL HEALTH
(U.S.)
1. Company Overview
  1. Financial Overview
  2. Products Offered
  3. Key Developments
SWOT Analysis
1. Key Strategies
2. Mayo Foundation
for Medical Education and Research (MFMER) (U.S.)
1. Company Overview
  1. Financial Overview
  2. Products Offered
  3. Key Developments
  4. SWOT Analysis
  5. Key
Strategies
1. Beaumont Health (U.S.)
  1. Company Overview
  2. Financial Overview
  3. Products Offered
  4. Key Developments
  5. SWOT Analysis
  6. Key
Strategies
1. Advocate Aurora Health (U.S.)
  1. Company
Overview
1. Financial Overview
  1. Products Offered
  2. Key Developments
  3. SWOT Analysis
Key Strategies
1. NYU Langone Hospitals (U.S.)
Company Overview
1. Financial Overview
  1. Products
Offered
1. Key Developments
  1. SWOT Analysis
  2. Key Strategies
APPENDIX
1. References
2. Related Reports
PHYSICIAN GROUPS MARKET, ESTIMATES & FORECAST, 2018-2032 (USD BILLION)
MARKET STRUCTURE FOR THE US PHYSICIAN GROUPS MARKET
FOR THE US PHYSICIAN GROUPS MARKET
SHARE (%), BY NUMBER OF PHYSICIANS, 2022
MARKET, SHARE (%), BY OWNERSHIP, 2022
SHARE (%), BY SPECIALTY, 2022
(%), BY PAYOR, 2022
BY TYPE, 2022
SNAPSHOT
OPTUM, INC. (U.S.): SWOT ANALYSIS
HOSPITAL (U.S.): FINANCIAL OVERVIEW SNAPSHOT
HOSPITAL (U.S.): SWOT ANALYSIS
OVERVIEW SNAPSHOT
ASCENSION (U.S.): FINANCIAL OVERVIEW SNAPSHOT
(U.S.): SWOT ANALYSIS
SNAPSHOT
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH (MFMER) (U.S.): FINANCIAL
OVERVIEW SNAPSHOT
RESEARCH (MFMER) (U.S.): SWOT ANALYSIS
FINANCIAL OVERVIEW SNAPSHOT
NYU LANGONE HOSPITALS (U.S.): FINANCIAL OVERVIEW SNAPSHOT
NYU LANGONE HOSPITALS (U.S.): SWOT ANALYSIS

US Physician Groups Market Segmentation

Market Segmentation Overview

Detailed segmentation data will be available in the full report
Comprehensive analysis by multiple parameters
Regional and country-level breakdowns
Market size forecasts by segment

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US Physician Groups Market Analysis

Market Analysis

In-depth Analysis of US Physician Groups Market Industry Landscape