Product ID: SQMIC45F2142
U.S. Retail Clinics Market Size, Share, Growth Analysis, By Service(Acute Respiratory Infections, Sore Throat), By Ownership(Retailer-owned Operators, Independent Operators & Hospital-owned Operators), By Channel(Retail Pharmacies, Groceries/Retail Stores) - Industry Forecast 2024-2031
Report ID:
SQMIC45F2142 |
Region:
Country |
Published Date: April, 2024
Pages:
242
|
Tables:
93 |
Figures:
76
U.S. Retail Clinics Market Dynamics
U.S. Retail Clinics Market Driver
- Growing Healthcare Spending Will Increase Demand for Retail Health Clinics
Due to the sharp rise in chronic disease cases, attention has been given to healthcare. The need for improving healthcare infrastructure is crucial, particularly in emerging nations where per capita disposable income is rising.
- Increasing the Delivery of Vaccines in Retail Care Clinics
Retail clinics are essential in vaccination delivery programmes all over the world, and this is anticipated to increase the market potential for those clinics within the anticipated time frame. Retail medical clinics are in high-traffic areas, making them an appealing setting to administer immunizations in an efficient and timely manner.
- Key Companies' Expansion Initiatives to Open New Facilities in the U.S. to Fuel Market Growth
Over the course of the projected period, it is anticipated that rising initiatives would result in the opening of new walk-in healthcare facilities.
Greater accessibility to the patient population, which results in a higher number of patients visiting these settings, is one benefit of these expansion activities.
Additionally, because many institutions are centred in the Midwestern and Southern U.S., these expansion plans may provide access to the underprivileged areas of the country.
For instance, CVS Health declared intentions to launch 1,500 HealthHUBs by the end of 2021 in June 2019. The company is on schedule to establish new HealthHUBs, with 850 of them expected to be completed by the middle of 2021.
Furthermore, Walmart announced the expansion of its in-store health clinics with new locations to be opened in Chicago, Georgia, and Florida, according to a Fierce Healthcare story from September 2020.
U.S. Retail Clinics Market Restraint
- Lack of Treatment Options for Complex Diseases Could Limit Market Growth.
Despite the urgent and growing demand for these clinics, one of the major barriers to U.S. retail clinics market is the absence of treatment options for complex disorders. The lack of advanced medical technology in these clinics to treat complex disorders may lower service acceptance rates despite rising demand for chronic disease care in the U.S. The market expansion is anticipated to be hampered by a lack of resources, such as medical equipment and experience, to treat severe chronic illnesses, as this results in fewer patient visits.
Additionally, there are predictions that a lot of senior people would visit these facilities more frequently for medical care as the U.S. observes trends of an ageing population. Even straightforward disease diagnoses, such urinary tract infections (UTIs), call for more thorough testing in older individuals. Therefore, such complicated medical operations are not appropriate for these facilities. The lengthy wait times that patients encounter for routine checks in these institutions are another factor that inhibits the market expansion.
U.S. Retail Clinics Market Report Snapshots
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