The market is forecasted to see a compound annual growth rate of 3.36% between 2024 and 2030, according to a Jan. 5 news release from Research and Markets. The market was most recently valued at $271 billion in 2022.
The report from Research and Markets identifies several driving factors behind this growth, including an increase in the insured population and higher demand for primary care physicians in the wake of provider burnout sustained from the COVID-19 pandemic.
