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Urgent Care Center Market: Major Trends Reshaping the Future of the Industry
Urgent Care Center Market
What Will the Urgent Care Center Industry Market Size Be by 2025?
There has been a marked increase in the size of the urgent care center market in the past few years. The market is projected to expand from $25.74 billion in 2024 to reach $27.13 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.4%. The growth experienced in the historical period is linked to several factors including a shifting healthcare scene, escalating demand from patients for convenient care, cost-effectiveness and affordability, an increase in awareness and knowledge, urban growth and high population density, as well as support from healthcare payers.
What's the Long-Term Growth Forecast for the Urgent Care Center Market Size Through 2029?
The market size of urgent care centers is predicted to experience a significant increase in the coming years. The estimated value is set to climb to $36.42 billion in 2029 with a compound annual growth rate (CAGR) of 7.6%. The expansion in the projected timeline can be linked to an increased focus on preventive and primary care, the integration of technology in healthcare services, improved cooperation with traditional healthcare providers, the implementation of value-based care models, attention towards managing chronic diseases, and initiatives towards population health management. Key trends during the forecast period will involve community outreach and health education programs, launch of retail health clinics, integration of point-of-care testing and a concentrated emphasis on quality metrics and patient outcomes.
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What Are the Key Growth Drivers Fueling the Urgent Care Center Market Expansion?
The escalation in chronic ailments is anticipated to boost demand in the urgent care center market. Chronic illness is a persistent condition that typically deteriorates over time if lifestyle changes aren't undertaken. Chronic illnesses such as Alzheimer's, rheumatoid arthritis, Parkinson's, and cancer necessitate comprehensive health care services and medications thereby increasing the need for urgent care centers. For example, data released by Macmillan Cancer Support, a cancer charity based in the UK, reported that the number of people living with cancer had touched 3 million in 2022 and is likely to rise to roughly 3.5 million by 2025 and to 4 million by 2030 in the UK. Thus, the surge in chronic diseases is fueling the expansion of the urgent care center market.
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What Are the Key Trends Driving Urgent Care Center Market Growth?
The rise of technological development is a prominent trend gaining momentum in the urgent care center industry. Most major players in the market are focusing their efforts on creating innovative technologies to maintain their market stance. For example, DocGo, a mobile medical services and solutions provider based in the US, marked its presence by launching a revolutionary urgent care mobile application, DocGo On-Demand, in October 2022. With this app, users can schedule urgent care home visits, making access to quality healthcare more convenient. DocGo's inventive care model combines home visitation with telehealth consultations to provide a well-rounded service that supersedes typical telehealth services. Both telehealth consultations and home visits are offered by DocGo, making it possible to provide optimal care depending on each patient's needs in the most effective way. Leveraging its own technology, DocGo manages to offer home visits approximately at the same expense as a conventional urgent care center visit.
How Is the Urgent Care Center Market Segmented?
The urgent care center market covered in this report is segmented -
1) By Service: Trauma Or Injury Services, Vaccination Services, Acute Illness Treatment Solutions, Other Services
2) By Ownership: Corporate Owned, Hospital Owned, Physician Owned, Other Ownerships
Subsegments:
1) By Trauma Or Injury Services: Minor Injury Treatment, Fracture Care, Laceration Repair
2) By Vaccination Services: Routine Immunizations, Travel Vaccinations, Flu Shots
3) By Acute Illness Treatment Solutions: Cold And Flu Treatment, Gastrointestinal Issues, Skin Infections And Rashes
4) By Other Services: Diagnostic Services, Physical Exams, Occupational Health Services
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Which Companies Are Leading the Charge in Urgent Care Center Market Innovation?
Major companies operating in the urgent care center market are 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, CareSpot Urgent Care, Dignity Health Care, United Health Group, 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
Which Regions Are Leading the Global Urgent Care Center Market in Revenue?
North America was the largest region in the urgent care center market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the urgent care center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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