The urgent care center market is expected to reach USD 25.93 Billion by
2023 from an estimated USD 20.07 Billion in 2018, at a CAGR of 5.3%.
The key factors driving the growth of this market are the affordable
care and shorter waiting periods offered by urgent care centers,
growing investments in urgent care, increasing geriatric population,
and strategic developments between urgent care providers and hospitals.
By service, the acute illness treatment segment is expected to account for the largest share of the market in 2018
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By service, the acute illness treatment segment is expected to account for the largest share of the 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, immunization & 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.
By ownership, the corporate-owned urgent care centers are expected to command the largest share of the market in 2018
On the basis of ownership, the market has been
segmented into hospital-owned (large hospitals, medium-sized hospitals,
and small hospitals), physician-owned (single-physician and
multiple-physician), corporate-owned, and other 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 the rising investments in the urgent care platforms owing
to their high revenue generating capability.
North America to dominate the market in 2018
North America is expected to account for the largest
share of the urgent care center market in 2018, followed by Europe.
North America is also estimated to grow at the highest CAGR during the
forecast period. The large share and high growth in this region can be
attributed to the growing geriatric population in the region, the
affordability and promptness of urgent care services, and the inception
of specialty urgent care.
Concentra (US), MedExpress (US), American Family Care
(US), NextCare Holdings (US), and FastMed Urgent Care (US) are the key
players in the urgent care center market. Other players involved in this
market are CityMD (US), CareNow Urgent Care (US), GoHealth Urgent Care
(US), HCA Healthcare UK (UK), Columbia Asia Hospitals (India),
International SOS (China), and St. Joseph's Health Care London (Canada).
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