United States retail clinics market is
bound to experience impressive growth with anticipated CAGR in the forecast
period, 2022-2026, on account of rapidly evolving healthcare facilities in the
country. Moreover, the advantages of significantly cost-effective innovations
that are delivering the basic consumer healthcare facilities to patients, is
driving the growth of the United States retail clinics market. Additionally,
certain plus points like less waiting time, easy accessibility and lower costs
are expected to support the growth of the United States retail clinics market
in the next five years. Healthcare Information and Management Systems Society
reported that there are more than 3000 functional retail clinics in the country
as of 2020. Recent pandemic situation influenced the rising number of retail
clinics and the kind of surge in the demand assured the potential growth in the
United States retail clinics market in the future five years. Furthermore,
rising instances of communicable diseases, and rising geriatric population in
the country would influence the growth of the United States retail clinics
market in the forecast years. However, hesitation among the general population
opting for retail clinics, and inadequate infrastructure might hinder the
growth of the market in forecast period, until 2026.
Retail clinics are the healthcare
facilities that are often located within retail stores and deal with minor and
basic healthcare needs. 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. The retail clinics belong to the category of the
walk-in clinics.
The United
States retail clinics market is segmented on the basis of ownership, location,
services, supply, competitional landscape, and regional distribution. Based on
ownership, the market is further segmented into retail store-owned,
hospital-owned, investor-owned, and others. Retail store-owned retail clinics
are anticipated to hold the largest revenue shares of the market and dominate
the segment on account of rapidly growing number of retail clinics in stores. Rising
popularity for delivering the immediate services with good quality of care is further
aiding the growth of the United States retail clinics market in the upcoming
five years. Hospital-owned retail clinics are also expected to register
significant growth in the next five years due to the 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.
A
partial list of market players in the United States retail clinics market
includes 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. These market players hold larger shares of the market than the
new market players. New market players may focus on the research and
development to provide such services that satisfy the consumer demand as well
as benefit the market players in building their brand value. Other competitive
strategies include mergers & acquisitions and introducing new services.
Years considered for this report:
Historical Years: 2016 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2026
Objective of the Study:
- To
analyze the historical growth in the
market size of the United States retail clinics market from 2016 to 2020.
- To
estimate and forecast the market size of United States retail clinics market
from 2021 to 2026 and growth rate until 2026.
- To classify and
forecast United States retail clinics market based on ownership, location,
services, competitional landscape, and regional distribution.
- To identify dominant region or segment in the United States retail
clinics market.
- To
identify drivers and challenges for United States retail clinics market.
- To
examine competitive developments such as expansions, new services, mergers
& acquisitions, etc., in United States retail clinics market.
- To identify and analyze the profile
of leading players operating in United States retail clinics market.
- To identify key sustainable strategies adopted by market players in
United States retail clinics market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of companies, suppliers, and service providers across the country.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the companies which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the service providers, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of the United
States retail clinics market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these services for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key
Target Audience:
- Retail clinics service providers, end users, and other stakeholders
- Distributors and suppliers of the services and other stakeholders
- Organizations, forums, and alliances related to retail clinics
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, vendors, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, United States retail clinics market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- United States Retail Clinics Market,
By Ownership:
o Retail Store-Owned
o Hospital-Owned
o Investor-Owned
o Others
- United States Retail Clinics Market,
By Location:
- Departmental Stores
- Shopping Malls
- Retail Stores
- Others
- United States Retail Clinics Market,
By Services:
- Clinical Chemistry &
Immunoassay
- Point of Care Diagnostics
- Immunization
- Physiotherapy
- Others
- United States Retail Clinics Market,
By Region:
- South-West
- Mid-West
- North-East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States retail clinics market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following customization
options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
United States Retail
clinics Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]