Retail Clinics Market Growth Focusing on Trends & Innovations during the Period until 2024
Have you ever fallen sick while shopping? If yes then retail clinics are here to help. Retail clinics refer to those healthcare clinics where patients can conveniently walk-in for treatment. Retail stores such as department stores and supermarkets house these clinics inside their premises. Convenient care clinic is the other name that retail clinics are also known as. Benefits that are offered by a retail clinic are similar to those that are offered by the traditional ones. Usually, physician assistants and nurses are staffed by retail clinics. Treatment for cold, cough, fever, flu, dehydration, physiotherapy, vaccination, diagnostics tests, laboratory tests, and treatment for injuries are offered in these clinics.
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Rise in Healthcare Expenditure to Fuel Market Growth
The very first retail clinic was opened in Minnesota in 2001. The growth of the global retail clinic market is driven by the preference of patients for convenient healthcare options, easy accessibility, multiple services offered, and cost effectiveness. Besides, lack of primary care physician, rise in incidence rate of communicable diseases, and rise in healthcare expenditures are also stimulating growth for global retail clinic market.
Many retail clinics offer management and treatment for chronic diseases such as high cholesterol disorders, hypertension, diabetes, and asthma. This adds to the burgeoning demand for retail clinic globally.
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North America accounts for the largest share of the global retail clinics market as a large number of customers are moving towards adoption of electronic medical and chart records and convenience care. Latin America, Middle East, and Asia Pacific are also estimated to offer promising opportunities to the global retail clinic market. Shortage of physicians, increase in the disease burden, higher rate of adoption of retail clinics and increase in disposable income are estimated to offer promising market for retail clinic in this region.
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