PUBLISHER: Acute Market Reports | PRODUCT CODE: 1615234
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1615234
Urgent care refers to a category of walk-in clinic focused on the delivery of ambulatory care in a dedicated medical facility outside of a traditional emergency department (ER). Urgent care centers primarily treat illnesses and injuries that require immediate care but aren't serious enough to warrant a visit to an emergency room. The urgent care market pertains to healthcare services that are provided on an immediate, yet non-emergency basis. These centers have emerged as an intermediary solution between primary care physicians and hospital emergency rooms, offering an accessible way to deliver timely medical interventions for acute ailments. Urgent care market is estimated to grow at a CAGR of 4.4% from 2024 to 2032.
Driver: Escalating Demand due to Overcrowded Emergency Rooms
One of the most impactful drivers for the urgent care market has been the escalating demand arising from overcrowded emergency rooms. A study from the American Hospital Association indicated that nearly 65% of hospitals reported facing emergency room overcrowding as a significant concern in 2023. This has led to prolonged waiting times and delay in treatments for patients, especially those with non-critical conditions. Such congestion in emergency rooms also strains hospital resources, both in terms of manpower and infrastructure. Consequently, the community's increasing inclination towards urgent care centers, which offer faster service for acute, non-life-threatening conditions, has seen an upsurge. Moreover, a report by the CDC showed a 22% decrease in avoidable ER visits for minor conditions in areas where urgent care centers are easily accessible, further emphasizing their importance.
Opportunity: Expansion in Telehealth Services
With the global shift towards digitization, there's an immense opportunity lying in integrating telehealth services within the urgent care model. A survey in 2023, by the National Academy of Medicine, highlighted that nearly 70% of respondents were more likely to choose an urgent care provider if they offered virtual consultations alongside in-person visits. The ability to provide immediate remote consultations can also help in catering to patients in remote areas, thereby expanding the reach of urgent care centers. Telehealth not only ensures reduced waiting times but also minimizes the risk of infections in waiting rooms, a significant concern post the global health crises of recent years.
Restraint: Lack of Awareness and Acceptance
Despite the growth trajectory, the market faces restraints. A significant chunk of the population still remains unaware of the distinctions between urgent care centers and traditional healthcare facilities. In a survey done by the American Association of Urgent Care Medicine in 2023, 35% of participants mistook urgent care centers for emergency rooms, while 25% were uncertain about the kind of services these centers provided. This lack of clarity and awareness potentially limits the patient flow to urgent care facilities, despite them being a more suitable and efficient alternative in many instances.
Challenge: Maintaining Quality amidst Rapid Expansion
While the demand surge has led to a proliferation of urgent care centers, there's a formidable challenge that the industry grapples with: ensuring consistent quality of care. As per the Urgent Care Association's 2023 report, there's been a 20% increase in the number of such centers in the past year alone. With such rapid expansion, maintaining a uniform standard of care, recruiting qualified medical professionals, and ensuring state-of-the-art facilities becomes arduous. The challenge intensifies with franchised urgent care centers where centralized quality control becomes even more pivotal.
Market Segmentation by Services
When segmenting the urgent care market based on services, the diversity is vast. In 2023, the services that generated the highest revenue were Cold, Cough & Flu; Pain Management; and Diagnostic Imaging Services due to the rising seasonal changes, lifestyle disorders, and advanced diagnostic requirements. Particularly, the Cold, Cough, and flu services recorded significant demand due to climatic unpredictabilities and the global health environment. However, in terms of Compound Annual Growth Rate (CAGR) from 2024 to 2032, Telehealth Urgent Care is expected to take the lead, propelled by the global inclination towards digital health consultations and the continued need for remote health assistance. Allergy Treatment and Immunization are also anticipated to grow steadily, given the rising allergy cases and global health concerns necessitating widespread vaccination.
Market Segmentation by Patient Type
In terms of patient demographics, while all age brackets utilized urgent care services, the 19 to 35 Years and 36 to 65 Years segments brought in the highest revenue in 2023. These groups, being the most active, are prone to minor injuries, respiratory infections, and require regular health check-ups. However, it's expected that the 65 to 80 Years age bracket will register the highest CAGR in the forecast period due to the rising geriatric population and their susceptibility to ailments that don't necessarily need ER visits but can't be postponed either.
Regional Insights
Geographically, North America, particularly the U.S., held the largest share of the urgent care market in terms of revenue in 2023. This dominance is attributed to an established healthcare infrastructure, heightened awareness, and the presence of multiple key players in the region. On the other hand, the Asia-Pacific region is predicted to showcase the highest CAGR from 2024 to 2032. Factors such as rapid urbanization, burgeoning middle-class population with higher disposable incomes, and healthcare reforms are driving this growth. Moreover, the increasing prevalence of chronic diseases in countries like India and China necessitates efficient, quick, and affordable healthcare services, which urgent care centers readily provide.
Competitive Trends
Competitively, the urgent care market witnessed some notable strategies in 2023. Leading entities like FastMed Urgent Care, HealthWorks, Inc., MedExpress, MinuteClinic, LLC, AFC/Doctors Express, LLC, U.S., CareSpot Express Healthcare, Patient First, NextCare Urgent Care, CareSpot Express Healthcare LLC, Concentra Inc., MD Now., American Family Care, Aurora Urgent Care, Bellin Health, Dignity Health Care, Hometown Urgent Care & Occupational Health, TexasMedClinic, USA HealthWorks expanded their footprints by opening new centers and through partnerships. For instance, MedExpress in 2023 had collaborated with several local pharmacies to provide a comprehensive care model. Meanwhile, many players also integrated telehealth into their services, with Concentra and CityMD being frontrunners. The adoption of a hybrid model combining in-person visits with virtual consultations has become a crucial strategy. Furthermore, the emphasis on diversifying services, from offering lab-based tests to specialized care like asthma or burn treatments, became pivotal for market dominance.
Historical & Forecast Period
This study report represents an analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Urgent Care market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users & consumption volume, price, and value.
Geographical revenues generated by countries considered in the report
Micro and macro environment factors that are currently influencing the Urgent Care market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.
Market Segmentation
Services
Type of Patient
6 to 18 Years
19 to 35 Years
36 to 65 Years
65 to 80 Years
80 Years & Above
Ownership
Region Segment (2022-2032; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Urgent Care market?
What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2032.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Urgent Care market?
Which is the largest regional market for Urgent Care market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Urgent Care market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Urgent Care market worldwide?
TABLE 5 North America Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 9 U.S. Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 13 Canada Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 17 Rest of North America Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 21 UK and European Union Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 25 UK Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 29 Germany Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 33 Spain Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 37 Italy Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 41 France Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 45 Rest of Europe Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 49 Asia Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 53 China Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 57 Japan Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 61 India Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 65 Australia Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 69 South Korea Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 73 Latin America Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 77 Brazil Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 81 Mexico Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 85 Rest of Latin America Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 89 Middle East and Africa Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 93 GCC Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 97 Africa Urgent Care Market By Services, 2022-2032, USD (Million)
TABLE 101 Rest of Middle East and Africa Urgent Care Market By Services, 2022-2032, USD (Million)
FIG. 10Market Positioning of Key Urgent Care Market Players, 2023
FIG. 11Global Urgent Care Market - Tier Analysis - Percentage of Revenues by Tier Level, 2023 Versus 2032