United States Retail Clinics Market to Grow Due to Evolving Trends for Latest Healthcare Models until 2026
Evolving healthcare services are driving
the growth of United States Retail Clinics Market, in the forecast period, 2022-2026.
According to TechSci Research report, “United States Retail Clinics Market By Ownership
(Retail Store-Owned, Hospital-Owned, Investor-Owned, Others), By Location
(Departmental Stores, Shopping Malls, Retail Stores, Others), By Services (Clinical
Chemistry & Immunoassay, Point of Care Diagnostics, Immunization,
Physiotherapy, Others), By Region, Competition Forecast & Opportunities,
2026”, the United States retail clinics market has shown promising growth in historical years
until 2019 and is expected to continue its growth in upcoming forecast years
till 2026. The United States retail clinics market owes its growth to the
factors like rapidly evolving trends for latest healthcare models. The surge in
the demand for emergency healthcare facilities is further driving the growth of
the United States retail clinic market in the upcoming five years. Moreover,
the government initiatives to provide emergency services and immediate
healthcare attention to the population in need is also substantiating the
growth of the United States retail clinics market in the next five years.
Furthermore,
the demand for retail clinics for performing rapid analysis tests for the
diagnosis of the infection due to COVID-19 along with vaccination of the
population and providing basic aid to the patients has increased and this
factor is expected to substantiate the growth of the United States retail
clinics market in the future five years.
Retail
clinics are general healthcare centers for the immediate requirement of
healthcare facilities. The trend for retail clinics is rapidly increasing in the
United States. As of 2020, more than 3000 retail clinics have been already
functional in the country. The facilities are highly focused on providing best
possible urgent healthcare facilities that too at an affordable cost,
convenient hours, non-appointment facility, convenient location, etc. These facilities
are often staffed with nurse practitioners or physician assistants who offer
treatment for common acute illnesses, screening tests, and vaccinations to
patients aged 18 months or older.
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The
United States retail clinics market is segmented on the basis of ownership,
location, services, competitional landscape, and regional distribution. Based
on location, the market is further segmented into departmental stores, shopping
malls, retail stores, and others. Availability of retail clinics in places like
departmental stores, shopping malls has contributed to the growth of the United
States retail clinics market altogether as consumers are able to comfortably
visit the facility even in the emergency conditions and get immediate medical
attention. Departmental stores are anticipated to register highest revenue
shares of the market on account of feasibility of the consumers in visiting the
retail clinics. These kinds of stores do not require any prior appointments and
thus drive the growth of the United States retail clinics market in the
upcoming five years.
Based
on services, the market is again segmented into clinical chemistry &
immunoassay, point of care diagnostics, immunization, physiotherapy, and others.
Clinical chemistry & immunoassay is an automated chemistry analyzer that
measures enzymes, lipids, electrolytes, proteins and other such components in
blood and urine. A sensitive measurement of antigen-antibody reaction is the
process of immunoassay that is done to identify diseases like Ebola, COVID-19,
etc. The rise in the number of coronavirus infected people has substantiated
the growth of the clinical chemistry & immunoassay services in the upcoming
five years.
Based
on ownership, the market is further segmented into retail store-owned,
hospital-owned, investor-owned, and others. Hospital-owned retail clinics are
also expected to register significant growth in the next five years on the
backbone of reliability on the clinics being owned by the renowned hospitals.
Moreover, the services offered at the hospital-owned clinics are fully equipped
and in case of extended services referring to the hospital and concerned
experts is much convenient.
CVS
Health Corporation, Walgreens Boots Alliance, Inc., Walmart Inc., Bellin Health
Systems, Inc., Rite Aid Corporation, The Kroger Company, Aurora Health Care
Inc., Next care Holdings, Inc., MedExpress Urgent Care, Concentra, Inc., among
others dominate the United States retail clinics market. These market players
hold the larger share of the market than the new market players. New market
players may focus on the research and development to provide such services that
satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new introducing new services.
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“Added
advantages of health insurance available for the healthcare services in the
retail clinics in the United States is substantiating the growth of the market.
The market analysis shows a promising growth in the future five years.
Moreover, government initiatives to provide emergency facilities for the
patients outside the hospital infrastructures is further aiding the growth of
the market. New market players must focus on providing services in various
states of the country, which will augment the growth of retail clinics market
in the United States,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“United
States Retail Clinics Market By Ownership (Retail Store-Owned, Hospital-Owned,
Investor-Owned, Others), By Location (Departmental Stores, Shopping Malls,
Retail Stores, Others), By Services (Clinical Chemistry & Immunoassay,
Point of Care Diagnostics, Immunization, Physiotherapy, Others), By Region,
Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United
States retail clinics market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the United
States retail clinics market.
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