As per the Urgent Care Association of America or UCAOA, over 7500 urgent care centers are present in the U.S. alone. This will help out-patients to get immediate help, which will drive the global urgent care centers market. The above information was shared by Fortune Business Insights in a report, titled “Urgent Care Centers Market Size, Share and Global Trend by Service Type (Disease/illness, Trauma/injury, Diagnosis/screening, Immunization/vaccination, Others), and Geography Forecast till 2026.”
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Some of the companies operating the global Urgent Care Centers Market are;
- Urgent Care
- American Family Care
- NextCare Urgent Care
- FastMed Urgent Care,
- City Practice Group of New York
- GoHealth Urgent Care,
- CareSpot Express Healthcare
People in the U.S. prefer urgent care clinics for the treatment of minor conditions such as minor injuries or cold. Urgent care services include trauma/injury, immunization/vaccination, diseases/illness, diagnosis/screening, and others. The urgent care centers market growth is expected to increase as the disease/illness segment covers a major share. The rising prevalence of acute and chronic diseases may increase the need for emergency medical centers. This will further drive the segment’s growth
The demand for urgent care services is increasing and people are becoming aware of urgent care centers. This, coupled with the rising prevalence of cardiovascular diseases, is rising the need for urgent care services. Furthermore, a growing number of traumatic cases across the world is witnessing an upward trajectory in the market.
North America Emerges Dominant Owing to Rising Demand for Urgent Care Centers
Among regions, North America is anticipated to lead the global urgent care centers market through the forecast years. This is mainly on account of the rising number of urgent care centers. According to Patient Protection and Affordable Care (PPAC), growing population and insurance coverage in the U.S. are factors responsible for the region’s dominance. This will fuel demand for urgent care centers. Strategic partnerships between leading players and rising investments in urgent care centers create growth opportunities for the market in North America. This will take the load off on other emergency care institutions.
Apart from North America, Asia Pacific is also expected to grow considerably in the forecast years. Rising awareness about urgent care institutions and support from governments are boosting the market in this region. Other factors driving the market in Asia Pacific are increasing incidence of injuries and per capita income. Improving healthcare infrastructure, coupled with the rising population is contributing to the growth of the market in this region.
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Canada Opens its First-ever Urgent Care Center in November 2018
Urgent care services are cost-effective, which is one of the foremost factors driving the urgent care centre market growth. These services are preferred over emergency care institutions as one doesn’t have to wait in a long queue for doctor consultation. Rising government support regarding insurance policies and other healthcare reimbursement facilities is likely to encourage growth in the market. Introduction of novel technologies has reduced the stay of patients, favouring the growth of the market. Several centers are planning to upgrade their facilities by introducing urgent care center functions such as satellite emergency rooms. These centers continue to be cost-effective and will be operational 24/7. Driven by these factors, urgent care centers are likely to boost patient satisfaction.
Contrary to this, the lack of skilled professionals in the healthcare sector may inhibit the growth of the market. This may further affect urgent care centers revenue. Long waiting times can hamper the market’s growth to an extent.
GoHealth Urgent Care and Force Diagnostics Made Life Insurance Screening Convenient for Consumers
Strategic initiatives such as mergers and acquisitions (M&A), partnerships, and new product launches are helping companies to strengthen their position in the market. Select Medical Holdings acquired Concentra in June 2015. The acquired company is a subsidiary of Humana Inc. This acquisition aims at offering physical-therapy services across different centers. Some of the leading companies operating in the global urgent care centers market are Urgent Care MSO, LLC, NextCare Holdings, Inc, American Family Care, Urgent Care MSO, LLC, City Practice Group of New York, FastMed Urgent Care, GoHealth Urgent Care, and CareSpot Express Healthcare LLC.
Another company called Urgent Care MSO, LLC opens a new medical center in Florida U.S in November 2018. This center aims at providing free shots to patients for fighting against the flu. Moreover, these patients are aged four and above. In April 2019, Force Diagnostics and GoHealth Urgent Care joined hands with each other to make life insurance health screening convenient and effortless for patients.
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KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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