U.S. Physician Groups Market Share, Trends Analysis and Forecast 2034

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

Published: Nov-2025	Report ID: HLCA25330	Pages: 1 - 232	Formats^*:
Category : Healthcare

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 segmentâ€™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.

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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 ProHealthâ€™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 (FYâ€™2021-FYâ€™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 (FYâ€™2025-FYâ€™2034)
Recommendations from Analyst

1.Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERs Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. U.S. Physician Groups Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in U.S. Physician Groups Market

7. U.S. Physician Groups Market, By Practice Type (USD Million) 2021-2034

7.1. Single Specialty Group

7.1.1. Primary Care
7.1.2. OB/GYN
7.1.3. Ophthalmology
7.1.4. Surgical
7.1.5. Psychiatry
7.1.6. Cardiology
7.1.7. Anesthesiology
7.1.8. Dermatology
7.1.9. Radiology
7.10. Emergency Medicine
7.11. Others

7.2. Multi-specialty Group

7.2.1. Primary Care
7.2.2. OB/GYN
7.2.3. Ophthalmology
7.2.4. Surgical
7.2.5. Psychiatry
7.2.6. Cardiology
7.2.7. Anesthesiology
7.2.8. Dermatology
7.2.9. Radiology
7.2.10. Emergency Medicine
7.2.11. Other

8. U.S. Physician Groups Market, By Practice Size (USD Million) 2021-2034

8.1. Fewer than 5 Physicians
8.2. 5 to 10
8.3. 11 to 24
8.4. 25 to 49
8.5. 50+ Physicians

9. U.S. Physician Groups Market, By Ownership (USD Million) 2021-2034

9.1. Physician-owned
9.2. Hospital-owned
9.3. Private Equity-owned
9.4. Others

10. U.S. Physician Groups Market, (USD Million) 2021-2034

10.1. U.S. Physician Groups Market Size and Market Share

11. U.S. Physician Groups Market, By Region, (USD Million) 2021-2034

11.1. United States

11.1.1. Northeast Region
11.1.2. Southeast Region
11.1.3. Southwest Region
11.1.4. Midwest Region
11.1.5. Western Region

12. Company Profile

12.1. C-HCA, Inc.

12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments

12.2. Cleveland Clinic

12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments

12.3. HealthCare Partners IPA

12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments

12.4. Kaiser Foundation Health Plan, Inc.

12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments

12.5. Northwell Health

12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments

12.6. Northwestern Memorial HealthCare

12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments

12.7. NYU Langone Health

12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments

12.8. Select Medical

12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments

12.9. University of Pittsburgh Physicians

12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments

12.10. UNITEDHEALTH GROUP

12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments

12.11. Others

13. Conclusion

14. List of Abbreviations

15. Reference Links

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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