The urgent care
centers market is becoming an increasingly bigger part of the global
health care system. It is a lucrative business model that is all
about convenience for patients. As consumers look for less expensive
healthcare options, urgent care centers and walk-in-clinics have been
opening with greater frequency in various regions in recent years.
Now-a-days, hospital systems also are increasingly expanding their
networks into the urgent-care businesses by opening clinics at
strategic locations in the world and buying out independent practices
too. Moreover, the global urgent care centers market witnesses plenty
of funding from private equity people who believe this is a gold rush
for the forthcoming years.
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Industry Insights
into the Urgent Care Centers Market
Urgent care centers
(UCCs) treat the most common illnesses and injuries – including
cuts, back pain, colds, and ear infections. Such centers also take
X-rays and perform simple urine, drug and blood tests on patients.
However, UCCs do not provide critical care services and
life-threatening surgeries. These centers are mainly considered as
ambulatory healthcare centers such as convenient care clinics and
emergency departments.
The urgent care
center model is basically designed to provide cost-effective
healthcare services and optimum quality to general public across the
globe. Propelled by reduction in primary care appointments and
frustration over long waits in hospitals and emergency rooms (for
non-emergency care), the market has experienced a spurt of growth for
urgent care facilities in the past few years. The number of medical
facilities has increased from 8,000 to nearly 9,000 and consumers
continue to yearn for similar immediate accessible medical care
centers in many emerging regions of the world.
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According to a
market firm in the U.S. the UCCs market was valued at US$23.5 billion
in 2013. Moderately growing at a CAGR of 3.8% from 2014 to 2020, the
market is expected to reach US$30.5 billion by the end of 2020.
Such factors have
been the driving force behind this monumental growth in the global
urgent care centers market.
Services and
Segmentations of UCC Market
The global urgent
care centers market is broadly segmented on the basis of major
services provided by medical centers. Some of the services listed in
this market segment include, services for injury, trauma, illness,
diagnostic, routine vaccination, physical, and screening and
monitoring. Amongst them, the majority of the market share of revenue
was generated by the illness services sector as of 2012. Most of the
visits in the illness segment market in the same year were for
conditions such as pharyngitis, urinary tract infections, upper
respiratory tract infections, and fever and cold. The maximum number
of illness related visits in 2012 was from the otitis media that
accounted for more than 50%. However, the illness sector was followed
by the injury segment in the global urgent care centers market. The
UCCs market is widely fragmented with small and large players,
wherein, the small players such as physician groups or physicians
hold approximately 35% of the medical centers across various regions.
New Players will
Find More Opportunities in Asia Pacific Region
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Geographically, the
global UCCs market is segmented into four major regions namely,
Asia-Pacific, Europe, North America, and Rest of the World (RoW).
North America once held the majority share of the overall UCCs market
due to high adoption of UCCs for non-emergency conditions. This
region is still expected to retain its position until the end of
2020.
Europe is at a
distant second to this region in terms of growth and development
regarding the walk-in health services and cost-effective medical care
facilities. In the Asia-Pacific region, some of the major countries
that offer high growth opportunities to existing and new companies in
this market include India, China, Japan, New Zealand, and Australia.
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