Market Industry Reports (MIR) has published a new report titled “Retail Clinics Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global retail clinics market was estimated to be over US$ 2500 Mn in 2018 and it is anticipated to witness substantial CAGR from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Retail Clinics Market — Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global retail clinics market was estimated to be over US$ 2500 Mn in 2018 and it is anticipated to witness substantial CAGR from 2019 to 2030.
Ease of access, cost effectiveness, shorter waiting time, flexible visiting hours and no mandate of prior appointments are some of the pivotal factors triggering the growth of the retail clinics market. To fortify their foothold in the market, prominent players are increasingly focusing on collaborative initiatives or expanding their presence. For instance, in September 2018, Norton Healthcare Inc. collaborated with Walgreens to provide healthcare services at eight stores in the Louisville market. They plan on working together to ensure that patients benefit from Walgreens pharmacy and its expansive pharmacy services.
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Retail clinics are also used as an alternative for another source of care centers such as hospital emergency departments (EDs) for nonemergency care. These clinics are used by people for simple acute conditions or preventive care. Retail clinics have nurse practitioners and physician assistants that help people in improvising their conditions. Continuously rising lifestyle diseases such as diabetes, obesity, hypertension and lower cost of services at retail clinics compared to the traditional care centers are some of the key factors propelling its demand globally.
Retail clinics are considered as a secondary choice by many patients, which in turn limits the volume of the patient population visiting retail clinics. Poor outreach of retail clinics in several developing as well as underdeveloped regions is another factor that is hampering its growth.
North America holds the largest market share in the retail clinic market. It is expected to continue to dominate the retail clinics market in the forecast period due to growing preference of convenience care in the region.
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The prominent players in the retail clinics market are Aurora Health Care, RediClinic, The Kroger Co., CVS Pharmacy, Walgreens Boots Alliance, Inc., Bellin Health, NEXtCARE, HEALTHCARE WORKS, INC., Urgent Care MSO, LLC, among others.
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