Despite the physician shortage, the physician and clinical services market is projected to reach $959 billion by the end of 2023. Compared to 2022, the market value increased $56 billion. The increase of physician visits and integration of artificial intelligence are factors driving the market growth. The 2023 Physician Office Market Report analyzes major market trends impacting the industry including physician employment, acquisition trends, and advanced healthcare technology.
- Over 40% of physicians are planning to incorporate advanced technology solutions into their practices by the end of 2023.
- Physician medical groups had a record total of 600 mergers and acquisitions in 2022.
- The U.S. retail health clinic market is projected to reach $4.42 billion by 2029.
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