U.S. House Call Market size is estimated to reach $670.59m by 2025 and is poised to grow at a CAGR of 6.59% during the forecast period 2020-2025. A house call is the medical consultation performed by a physician or other health-care professional who visits the home of a patient, rather than a patient's visit to a doctor's office or hospital. The House Calls service, which is available for Medicare benefit, provides home and behavioral health care, palliative care management and support for high-risk and vulnerable patients, as well as those who are physically or mentally ill or social restrictions that make accessing regular sources of care difficulty. The increased demand for cost-effective, accessible and convenient healthcare and wellness services is estimated to drive the market during the forecast period 2020-2025. Moreover, home call practices in the U.S are estimated to reduce hospital expenditures for Medicare recipients with chronic conditions.
U.S. House Call Market Segment Analysis - By Service
The U.S. House Call Market based on Mode of Service can be further segmented into Chronic Care Management, Mobile Clinical Testing, Primary Care, Preventive Care, Urgent Care, and others. The Primary Care segment registered for highest revenue in 2019 and projected to grow at the highest CAGR during the forecast period 2020-2025 owing to the rising demand of primary care, which is the major reason for driving the segment. Healthcare organizations in the U.S focus on improving access to primary care to improve patient outcomes and reduce overall medical expenses. The demand for doctor's home calls for primary care services is estimated to improve the healthcare scenario in the country. The home calls enable the primary care physicians to give each patient sufficient time and reduce the burden of other administrative work.
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U.S. House Call Market Segment Analysis - By End User
The U.S. House Call Market based on Mode of End User, can be further segmented into Children, Adults, and Older Adults. Older Adults segment registered for the highest revenue in 2019 and is estimated to grow at highest CAGR over the forecast years 2020-2025. The rise in the number of older adults is one of the primary factors driving the growth of the segment. This is mainly owing to the prevalence of poor health conditions in the elderly, which also require appropriate care. Changing social and economic conditions in U.S have also been responsible for driving the growth of the segment. The increasing demand for residential care facilities for the elderly suffering from chronic diseases such as dementia and Alzheimer's is also estimated to drive the segment growth over the forecast period 2020-2025.
U.S. House Call Market Drivers
Increased demand for House Call
House Call offers many benefits to patients and clinicians. It has the power to cut costs by eliminating unnecessary emergency visits, and it has the power to help re-establish a more intimate doctor-patient relationship. With the advent of boutique medicine, it quickly becomes the primary method of care among the wealthiest members of society. The increased demand for cost-effective, accessible and convenient healthcare and wellness services is estimated to drive the market during the forecast period 2020-2025.
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U.S. House Call Market Challenges
Skepticism from Potential Patients
Many geriatric people express skepticism about the feasibility of home treatment, which is projected to hamper the market growth. However, the lack of health insurance coverage in house calls is acting as a major challenge for the growth of the U.S. House Call Market during the forecast period 2020-2025.
U.S. House Call Market Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the U.S. House Call Market. Key companies of this market Heal, Urgent Med Housecalls, Housecall Doctors Medical Group, House Call Doctor Los Angeles, Doctor on Demand Inc, Resurgia Health Solutions LLC, SOS Doctor House Call Inc, MDLIVE Inc, Mount Sinai Visiting Doctors, Visiting Physicians Association.
Acquisitions/Product Launches:
In October 2019, Doctor on Demand Inc announced the partnership with Walmart to provide virtual primary care for their associates at just USD 4.0.
In May 2018, Heal announced the investment of USD 20.0 million for advancing their technology and for the market expansion.
Key Takeaways
The demand for the U.S. House Call Market is owing to increased demand for cost-effective, accessible and convenient healthcare and wellness services.
The Skepticism from Potential Patients is estimated to restrain the market growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the U.S. House Call Market report.
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