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Urgent Care Center Market Segments, Analysis, Overview, Outlook By 2024-2033
Urgent Care Center Market Segments
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According to The Business Research Company's, The urgent care center market size has grown strongly in recent years. It will grow from $24.16 billion in 2023 to $25.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to changing healthcare landscape, rising patient demand for convenient care, cost-efficiency and affordability, increased awareness and education, urbanization and population density, support from healthcare payers.
The urgent care center market size is expected to see strong growth in the next few years. It will grow to $33.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing emphasis on preventive and primary care, technological integration in healthcare services, increased collaboration with traditional healthcare providers, adoption of value-based care models, focus on chronic disease management, population health management initiatives. Major trends in the forecast period include community outreach and education programs, introduction of retail health clinics, integration of point-of-care testing, emphasis on quality metrics and patient outcomes.
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Market Drivers and Trends:
Increase in patient demand for urgent care centers is expected to propel the growth of the urgent care center market going forward. Patient demand refers to the desire, need, or request for healthcare services by individuals seeking medical attention to address their health concerns. It encompasses the various factors that prompt individuals to seek medical care, ranging from preventive services and routine check-ups to the treatment of acute illnesses or the management of chronic conditions. The surge in patient demand for healthcare services has been notably met by the increased utilization of urgent care centers. These facilities play a pivotal role in addressing the growing need for immediate medical attention, offering a convenient and accessible alternative to traditional healthcare settings. As patients seek timely and cost-effective solutions for non-emergent conditions, urgent care centers provide extended operating hours, efficient care for minor injuries and illnesses, and a diverse range of services. For instance, in August 2023, the Urgent Care Association, a US-based healthcare membership organization published an article according to which there has been a 60% increase in per-center patient visits in urgent care centers across the US. At the end of 2019 there were 11,481 centers. By the end of 2022 there were 14,075. This represents an approximate increase in use of Urgent Care from 2019-2022 of over 71 million visits per year. In 2022, Urgent Care centers treated almost 206 million non-emergent cases while the nation's emergency departments see 131 million visits annually. Therefore, an increase in patient demand for urgent care centers is driving the urgent care centers market.
Technological advancements are emerged as a key trend gaining popularity in the urgent care center market. Major companies operating in the urgent care center market are focused on developing new technologies to sustain their position in the market. For instance, in October 2022, DocGo, a US-based mobile medical services and solutions provider launched a revolutionary Urgent Care mobile app, the DocGo On-Demand. The DocGo On-Demand allows users to book urgent care house calls, making high quality healthcare conveniently accessible. DocGo's innovative care model combines house calls with telehealth consultations to provide a comprehensive service that can do far more than basic telehealth alone. With both telehealth and house calls, DocGo optimizes for the best modality of care based on each patient's needs, allowing for high quality care in the most efficient way possible. Through the use of proprietary technology, DocGo is able to provide house calls for about the same cost as a traditional urgent care center visit.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
NextCare Holdings Inc., Concentra Inc., HCA Healthcare Inc., MedExpress Urgent Care, American Family Care, FastMed Urgent Care, CareNow Healthcare Private Limited, St Joseph's Health Care London, U.S. HealthWorks Inc., CityMD Healthcare Private Limited, GoHealth Urgent Care, Columbia Asia Hospitals, CareSpot Urgent Care, Dignity Health Care, United Health Group, International SOS, Texas MedClinic, Patient First Corporation, Aurora Urgent Care, Bellin Health Systems, MD Now Medical Centers Inc., ZOOM Care, Adventist Healthcare, AtlantiCare, CRH Healthcare LLC, Excel Urgent Care, Premier Health Partners, Summit Health, AFC Urgent Care, CityDoc Urgent Care, Fast Pace Medical Clinic PLLC, Geisinger Careworks
Urgent Care Center Market 2024 Key Insights:
• The urgent care center market size is expected to see strong growth in the next few years. It will grow to $33.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• Urgent Care Centers On The Frontline As Chronic Diseases Surge
• Embracing Technological Advances In The Healthcare Landscape
• North America was the largest region in the urgent care center market share in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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