This year, the primary care physician market is valued at about $296 billion, according to Grand View Research.
By 2027, the market could be worth just over $408.5 billion.
“Primary care is the center of the U.S. healthcare system, reforms in the healthcare coverage will reenergize the infrastructure and aid the rebuilding of the primary care payment and delivery model. The comprehensive care provided by primary care physicians (PCPs) and the continuous patient and physician relationship is essential to improve the quality of care which will lead to positive patient outcomes in the long run.”
Those are major catalysts for companies such as Skylight Health Group Inc. (NASDAQ:SLHG)(TSXV:SLHG), Oak Street Health Inc. (NYSE:OSH), WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF), 1Life Healthcare Inc. (NASDAQ:ONEM), and Community Health Systems Inc. (NYSE:CYH).
In addition, with a broken healthcare system, “Primary care is critical to maintaining health and caring for chronic illness. The U.S. system sorely lacks adequate primary care, which reduces the quality and increases the cost of care. Part of the solution is increasing the compensation of primary care providers,” as noted by Harvard Business Review. To help address the need, multi-specialty health companies are stepping in to help lower healthcare spending, and improve health outcomes.