Retail Clinics Market: Current Trends and Top Benefits With Key Players The Kroger Co., CVS Health, Rite Aid Corp, Walmart Inc., Walgreens co., Nextcare Holdings, Inc., MedExpress, Doctors care, Bellin Health

According to The Insight Partners market research study titled ‘Retail Clinics Market to 2027 – Global Analysis and Forecasts by location, ownership type, application and Geography. The 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 major players operating in the retail clinics market include The Kroger Co., CVS Health, Rite Aid Corp, Walmart Inc., Walgreens co., Nextcare Holdings, Inc., MedExpress, Doctors care, Bellin Health Systems and Concentra, Inc. The market has carried out various organic and inorganic growth strategies in the market. The organic strategies were conducted majorly and the strategies have assisted in strengthening their product offering and position in the global retail clinics market.

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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.

Market Driving Factors:

The retail clinic market across the region is estimated to grow significantly due to rapidly increasing numbers of retail clinics.

The growth of the market is also attributed to the lower cost of retail services as compared to an emergency department.

In addition, the market is projected to grow due to factors such as affordable prices, ease, convenience & accessibility, and the ability to expand healthcare services.

The growing healthcare expenditure is likely to have a positive impact on the growth of the market in the coming years.

Retail Clinics Market to 2027 - Global Analysis and Forecasts by Location (Stores, Malls and Other Locations); Ownership Type (Retail Owned and Hospital Owned); Application (Clinical Chemistry & Immunoassay, Point of Care Diagnostics, Vaccination, and Other Applications), and Geography

Benefits of Retails Clinics

Increasing the growth of retail clinics represents a trend towards newer healthcare models that affects the existing models of health care, such as clinical laboratories, hospitals, and pathology groups. The retail clinics are designed for immediate treatment of symptoms and vaccinations but do not provide an in-depth examination or long-term healthcare relationship between patient and physician. The lower costs, easy accessibility, and flexibility combined with low-wait times for primary care helps to upsurge the market for retail clinics.

The developing healthcare model involves the traditional healthcare facilities that address the impact of retail clinics on conventional practices, regulatory standards, and patient care. However, as the retail clinics are focusing on expanding their provided services, they also concentrate on providing certain types of medical laboratory tests. Somewhat, competing with emergency departments, the retail clinics directly compete with primary care clinics or full-service. Owing to the above-mentioned factors, the retail clinic market is anticipated to grow in the coming years.

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