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 Insights
U.S. Retail Clinics Market size was valued at USD 3.49 billion in 2019 and is poised to grow from USD 2.05 billion in 2023 to USD 4.22 billion by 2031, growing at a CAGR of 10.8% in the forecast period (2024-2031).
A retail clinic is a specific kind of walk-in healthcare facility found in grocery shops, pharmacies, and retail stores. These clinics offer services for preventative healthcare as well as the treatment of minor ailments. There were many worries about the quality of care provided in these healthcare facilities when these clinics were initially created in the U.S. in 2019. These worries were quickly disproved, however, when it was established that the care received in American retail clinics was of higher quality. Additionally, prompt medical intervention with better patient outcomes is made available to more patients at a lesser cost, which is anticipated to drive market expansion over the course of the projection period. Additionally, during the past 20 years, a steadily growing patient population has been going to clinics for a variety of medical needs. This has increased the need for these facilities, which can deliver high-quality medical treatment and improve patient outcomes. As a result, a wider range of the population now has easier access to healthcare. For instance, Geisinger Health declared plans to build a new ConvenientCare+ facility on its South Wilkes-Barre site in May 2021. These retail clinics now have access to additional resources including lab and imaging services.
These clinics have become more and more popular due to the epidemic, which has prompted large firms like CVS, Walgreens, and Walmart to increase their market share. During the projection period for the U.S. retail clinics market, it is anticipated that the industry will continue to expand significantly due to increasing public awareness of the advantages offered by these institutions (located in handy places, providing affordable care) during the pandemic.
Additionally, the pandemic's expanding initiatives to limit patient visits to hospitals raised the need for retail clinics in 2019. For instance, virtually accessible office visits made it easier for patients to get vaccines and testing through on-site clinics. Consequently, the aforementioned elements greatly aided market expansion in 2019, thereby reflecting a positive COVID-19 impact on the U.S. industry.
US Retail Clinics Market is poised to grow at a sustainable CAGR for the next forecast year.
U.S. Retail Clinics Market Report Snapshots
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