PUBLISHER: The Business Research Company | PRODUCT CODE: 1270543
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270543
“Urgent Care Center Global Market Report 2023 ” 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.
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.
Major players in the urgent care center market are NextCare Holdings Inc., Concentra Inc., HCA Healthcare, 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, CareSpot, Dignity Health Care, United Health Group, International SOS, Texas MedClinic, Patient First, Aurora Urgent Care, Bellin Health, Doctors Care, MD Now Medical Centers Inc., and Intermountain InstaCare.
The global urgent care center market is expected to grow from $22.88 billion in 2022 to $24.19 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The urgent care center market is expected to grow to $30.13 billion in 2027 at a CAGR of 5.7%.
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.
Urgent care centers are similar to walk-in retail clinics that provide quick on-demand care, but instead of treating low-acuity disorders like bronchitis and mild infections, urgent care clinics are equipped to handle more serious problems like fractures, sprains, and wounds.
North America was the largest region in the urgent care center market in 2022. 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 and Africa.
The urgent care center services are trauma or injury services, vaccination services, acute illness treatment solutions, and others. Trauma care service is specialized medical care for those who have suffered bodily traumas. The ownerships involved are corporate-owned, hospital-owned, physician-owned, and others.
Increasing chronic diseases is expected to propel the demand for the urgent care center market going forward. Chronic disease is ongoing, progresses, and usually gets worse over time if no lifestyle adjustments are undertaken. Alzheimer's disease, rheumatoid arthritis, Parkinson's disease, and cancer are all examples of chronic diseases. Chronic diseases require proper health care services and medications, increasing the need for urgent care centers. For instance, according to National Cancer Institute (NCI), a US-based federal government's principal agency for cancer research and training. In 2020, there were 1,806,590 new cases of cancer were diagnosed in the United States and 606,520 people died from the disease. Also by 2040, the number of new cancer cases per year is predicted to reach 29.5 million, with 16.4 million cancer-related deaths. By 2030, the number of cancer survivors is expected to reach 22.2 million. Therefore, increasing chronic diseases are driving the growth of the urgent care center market.
Technological advancements are emerged as a key trend gaining popularity in the urgent care center market. Major companies operating in the urgent care center market are focused on developing new technologies to sustain their position in the market. For instance, in October 2020, Doctorlink, a UK-based health technology solutions provider launched an Urgent Care Triage platform for Accident and Emergency (A&E) departments. The new service will help patients receive the appropriate professional care for their symptoms more promptly, reducing long wait periods. According to research, 4 million accident and emergency visits each year are not clinically necessary. Non-urgent attendances, where symptoms and medical history indicate patients should see a general practitioner, pharmacist, or other community services, account for one-sixth of all accident and emergency visits each year.
In July 2022, WellNow Urgent Care, a US-based physicians, and mental health specialists company acquired Physicians Immediate Care for an undisclosed amount. Through this acquisition, WellNow Urgent Care aims to expand its reach in the physicians and mental health category and enhance its customer base. Physicians Immediate Care is a US-based urgent care services company offering digital x-rays, lab work, physicals, immunizations, fracture care, and minor surgical procedures.
The countries covered in the urgent care center market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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.