Retail Clinics Market Size, Analysis, Share, Revenue and Forecast 2027 | Rite Aid, Walmart, Walgreens, Nextcare Holdings
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Some of the players operating in Retail Clinics market are,
The Kroger Co., CVS Health, Rite Aid Corp, Walmart Inc., Walgreens co., Nextcare Holdings, Inc., MedExpress, Doctors care, Bellin Health Systems and Concentra, Inc. among others.
Retail clinics, also known as urgent care clinics, are the alternative treatment sites that deliver care from a qualified provider in settings outside of the emergency department or traditional office. The retail clinics generally are standalone type and do not have the observation beds.
Global Retail Clinics market is expected to reach US$ 8,108.98 Mn in 2027 from US$ 3,408.96 Mn in 2018. The market is estimated to grow with a CAGR of 10.2% from 2019-2027. The report highlights trend prevalent in the global retail clinics market and the factors driving the market along with those that act as challenges to its growth.
The market for retail clinics is expected to grow significantly due to factors such as a significant advantage of retail clinics and benefits associated with retails clinics. Also, the growing healthcare expenditure is likely to have a positive impact on the growth of the market in the coming years.
The global retail clinics market is segmented on the basis of location, ownership type and application. The market based on location segment is classified as stores, malls, and others. On the basis of ownership type, the market is segmented into retail owned and hospital-owned. Based on the application the market is classified as clinical chemistry & immunoassay, point of care diagnostics, vaccination and others.
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Organic and inorganic growth strategies were observed in the global retail clinic market. Whereas, organic growth strategies were carried out largely in the retail clinics market. For instance, in November 2019, Walgreens has launched a new billing solution to allow Medicare patients who use the Dexcom G6 Continuous Glucose Monitoring (CGM) System to fill their prescription at any of its more than 9,200 U.S. retail pharmacy locations.
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