Urgent Care Center Global Market Report 2024

Urgent Care Center Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on urgent care center market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for urgent care center? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The urgent care center market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Service: Trauma or Injury Services; Vaccination Services; Acute Illness Treatment Solutions; Other Services
• 2) By Ownership: Corporate Owned; Hospital Owned; Physician Owned; Other Ownerships
• Companies Mentioned: NextCare Holdings Inc.; Concentra Inc.; HCA Healthcare Inc.; MedExpress Urgent Care; American Family Care
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Urgent care centers, akin to walk-in retail clinics, offer prompt and immediate medical attention. Unlike retail clinics that typically address low-acuity ailments such as bronchitis or mild infections, urgent care facilities specialize in managing more serious issues like fractures, sprains, and wounds.

Services provided by urgent care centers encompass trauma or injury services, vaccination services, acute illness treatment solutions, among others. Trauma care services entail specialized medical care tailored for individuals who have experienced bodily traumas. Ownership structures of urgent care centers often include corporate-owned facilities, hospital-owned centers, those owned by individual physicians, and other ownership models.

The urgent care center market research report is one of a series of new reports from The Business Research Company that provides urgent care center market statistics, including urgent care center industry global market size, regional shares, competitors with urgent care center market share, detailed urgent care center market segments, market trends, and opportunities, and any further data you may need to thrive in the urgent care center industry. This urgent care center market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The urgent care center market size has grown strongly in recent years. It will grow from $24.16 billion in 2023 to $25.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed during the historical period in urgent care centers can be attributed to various factors. These include shifts in the healthcare landscape, a noticeable increase in patient demand for accessible and convenient care, the emphasis on cost-efficiency and affordability of healthcare services, heightened awareness and education among the population regarding available medical options, the effects of urbanization leading to higher population density in certain areas, and the support provided by healthcare payers in facilitating these services.

The urgent care center market size is expected to see strong growth in the next few years. It will grow to $33.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period within urgent care centers is expected due to several key factors. These include a growing emphasis on preventive and primary care services, increased integration of technology within healthcare services offered by urgent care centers, a rise in collaborative efforts with traditional healthcare providers, adoption of value-based care models aiming for better patient outcomes and cost-effectiveness, a concentrated focus on managing chronic diseases, and initiatives aimed at improving population health management. Major trends anticipated in the forecast period encompass the implementation of community outreach and education programs to promote healthcare awareness, the introduction and expansion of retail health clinics providing accessible care, integration of point-of-care testing capabilities for swift diagnosis and treatment, and an increased emphasis on quality metrics and patient outcomes to ensure high standards of care within urgent care facilities.

The escalating prevalence of chronic diseases is anticipated to drive the demand for urgent care centers in the foreseeable future. Chronic diseases, characterized by their persistent nature and tendency to worsen without lifestyle adjustments, necessitate continuous healthcare services and medications. Conditions such as Alzheimer's disease, rheumatoid arthritis, Parkinson's disease, and cancer exemplify chronic diseases that heighten the demand for urgent care centers. According to the National Cancer Institute (NCI), a principal agency for cancer research and training in the United States, there were 1,806,590 new cancer cases diagnosed in 2020, with 606,520 related deaths. Projections indicate a substantial increase, with an estimated 29.5 million new cancer cases per year and 16.4 million cancer-related deaths by 2040. The growing prevalence of chronic diseases underscores the pivotal role of urgent care centers in addressing healthcare needs.

The surge in patient demand for urgent care centers is poised to propel the growth of the urgent care center market. Patient demand, encompassing the desire, need, or request for healthcare services, is met by urgent care centers offering accessible and convenient alternatives to traditional healthcare settings. The increased utilization of urgent care centers addresses the diverse needs of patients seeking immediate medical attention for non-emergent conditions. In August 2023, the Urgent Care Association reported a 60% increase in per-center patient visits in urgent care centers across the United States. The number of urgent care centers rose from 11,481 in 2019 to 14,075 by the end of 2022, indicating a significant increase in patient visits, totaling over 71 million annually. This surge in patient demand reflects the growing preference for timely and cost-effective solutions provided by urgent care centers, catering to a broad spectrum of healthcare needs.

Technological advancements have emerged as a prominent trend in the urgent care center market, with major companies focusing on developing new technologies to sustain their market positions. For instance, in October 2022, DocGo, a U.S.-based mobile medical services and solutions provider, launched the DocGo On-Demand Urgent Care mobile app. This innovative app allows users to book urgent care house calls, combining both house calls and telehealth consultations for a comprehensive healthcare service. DocGo's proprietary technology enables house calls at a cost similar to traditional urgent care center visits, emphasizing the integration of technology to enhance accessibility and efficiency in healthcare delivery. This trend underscores the commitment of major players to leveraging technological advancements for the benefit of patients and the growth of the urgent care center market.

Major companies in the urgent care center market are actively pursuing partnerships to fortify their positions in the industry. A business strategic partnership involves a structured affiliation between two or more commercial enterprises, often established through one or more business agreements or contracts. An example of such collaboration is the partnership between Baylor Scott & White Health, a U.S.-based healthcare system, and NextCare, a U.S.-based healthcare provider offering primary, virtual, and urgent care. In July 2023, Baylor Scott & White Health entered into a partnership with NextCare with the objective of expanding its network by adding 41 urgent care centers. This strategic collaboration not only aims to augment BSWH's presence but also introduces the state's largest nonprofit health system into new markets such as Abilene, San Antonio, and Houston.

In a notable acquisition, WellNow Urgent Care, a U.S.-based company specializing in physicians and mental health services, acquired Physicians Immediate Care in July 2022. The financial details of the acquisition were undisclosed. This acquisition is part of WellNow Urgent Care's strategy to extend its reach in the physicians and mental health category and enhance its customer base. Physicians Immediate Care, a U.S.-based urgent care services company, offers a range of services including digital x-rays, lab work, physicals, immunizations, fracture care, and minor surgical procedures.

Major companies operating in the urgent care center market report are NextCare Holdings Inc., Concentra Inc., HCA Healthcare Inc., MedExpress Urgent Care, American Family Care, FastMed Urgent Care, CareNow Healthcare Private Limited, St Joseph's Health Care London, U.S. HealthWorks Inc., CityMD Healthcare Private Limited, GoHealth Urgent Care, Columbia Asia Hospitals, CareSpot Urgent Care, Dignity Health Care, United Health Group, International SOS, Texas MedClinic, Patient First Corporation, Aurora Urgent Care, Bellin Health Systems, MD Now Medical Centers Inc., ZOOM Care, Adventist Healthcare, AtlantiCare, CRH Healthcare LLC, Excel Urgent Care, Premier Health Partners, Summit Health, AFC Urgent Care, CityDoc Urgent Care, Fast Pace Medical Clinic PLLC, Geisinger Careworks

North America was the largest region in the urgent care center market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the urgent care center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the urgent care center market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The urgent care centers market includes revenues earned by entities by providing physical examinations and immunization services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.