Urgent Care enter MarketOverview:
The Urgent Care Center Market is projected to reach USD 25.93 Billion by 2023 from an estimated value of USD 20.07 Billion in 2018, at a CAGR of 5.3%. The urgent care center market is rapidly emerging with largely regional players and few international companies. Players in this market compete with each other to deliver superior quality medical services for non-life threatening conditions that require immediate care. In 2016,
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Research Methodology
Top-down and bottom-up approaches were used to validate the size of the global urgent care center market and estimate the size of other dependent submarkets. Various secondary sources such as associations like the World Health Organization, Centers for Disease Control and Prevention, World Heart Federation, Society for Cardiovascular Angiography and Interventions, American College of Cardiology, American Heart Association, European Association of Percutaneous Cardiovascular Interventions, Urgent Care Association of America, directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market.
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The acute illness treatment segment is expected to account for the largest share of the urgent care center service market in 2018
On the basis of services, the urgent care center market is broadly segmented into acute illness treatment, trauma/injury treatment, physical examinations, immunizations & vaccination, and other services (diagnostics, telemedicine, travel & occupational medicine). In 2018, the acute illness treatment segment is expected to account for the largest share of this market. The high growth in this segment can be attributed to the increasing number of influenza like illnesses coupled with the immediately accessible urgent care services.
Corporate owned urgent care centers segment is expected to command the largest share of the market in 2018
On the basis of ownership, the market has been segmented into corporate owned, physician owned, hospital owned, and others (joint venture with a hospital, physician & non-physician investors). The physician owned urgent care centers are further subsegmented into single physician owned and multiple physician owned urgent care centers. The corporate owned segment is expected to command the largest share of the market in 2018. The large share and high growth of this segment can be attributed to factors such as the rising investments in the urgent care platform owing to their high revenue generating capability.
Segmentation:
Market, by Service
Acute illness treatment
Trauma/injury treatment
Physical examinations
Immunizations & vaccination
Other services
Market, by Ownership
Corporate-owned
Physician-owned
Multiple physician-owned
Single physician-owned
Hospital-owned
Others
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Key Players:
Acquisitions, expansions, and partnerships & collaborations were the key strategies adopted by key players between 2015 and 2018. The players that adopted these strategies are Concentra (US), FastMed Urgent Care (US), MedExpress (US), American Family Care (US), NextCare Holdings (US), GoHealth Urgent Care (US), and CityMD (US).
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