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Press Release

Global Urgent Care Centers Market to Exhibit 3.8% CAGR 2014-2020, Demand for Cost-Effective Healthcare Services to Drive Growth

Posted on: 06 Oct 16

Market Research Reports Search Engine (MRRSE) has added a new report to its repository. The report, titled “Urgent Care Centers Market (Illness, Injury, Physical, Vaccination, Diagnostic and Screening) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” offers a comprehensive analysis of the global urgent care centers market and analyzes the key factors influencing the growth of the market during the period between 2014 and 2020.

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The report projects the global urgent care centers market to expand at a moderate CAGR of 3.8% during the period between 2014 and 2020. The overall market stood at a valuation of US$23.5 bn in 2013 and is anticipated to be worth US$30.5 bn by 2020.

Rapid growth of the geriatric population and rise in healthcare expenditure have resulted in the growing demand for convenient and cost-effective medical care across the world. The urgent care centers model has been designed to offer quality and cost-effective healthcare services to patients.

The report states that the growing demand for cost-effective medical care, reduced wait time, and appointment flexibility have boosted the growth of the global urgent care centers market. Increasing investments by key players have led to the expansion of large chain urgent care centers. However, high initial costs associated with the establishment of new urgent care centers, along with the dearth of medical care providers, will hamper the growth of the market during the forecast period.

In terms of services, the report segments the global urgent care centers market into physical, injury, illness, vaccination, screening, and diagnostic. The illness segment holds the majority of the market, followed by the injury segment. In urgent care centers, most of the visits are due to illness or conditions such as otitis media, fever and cold, pharyngitis, urinary tract infections, and upper respiratory tract infections.

The report studies the global urgent care centers market across four key regions: North America, Europe, Asia Pacific, and Rest of the World. North America dominates the overall market, followed by Europe. The rapid growth of the urgent care centers market in North America can be attributed to the high adoption of urgent care centers for non-emergency conditions and the growing demand for cost-effective walk-in health services. During the forecast horizon, North America is expected to maintain its dominant position in the market. Asia Pacific and Rest of the World hold immense potential for the growth of the market in the near future.

Describing the competitive landscape, the report profiles some of the key players in the global urgent care centers market such as CareSpot Express Healthcare LLC, AFC/Doctors Express, FastMed Urgent Care, Concentra Inc., MD Now, Patient First, MedExpress, MinuteClinic LLC, NextCare Urgent Care, and U.S. HealthWorks Inc. The report provides detailed information about the key players including their financial overview, business strategies, product portfolio, and recent developments. For the benefit of new and existing players in the market, the report offers some valuable recommendations such as focus on rural areas, robust marketing for urgent care centers, and integration of point of care dispensing to offer one-stop health care solution.

Browse Full Global Urgent Care Centers Market Report with TOC :

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Last updated on: 06/10/2016

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