Urgent Care Centers Market (Illness, Injury, Physical, Vaccination, Diagnostic and Screening) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020
Albany, NY -- (SBWIRE) -- 07/22/2015 -- The urgent care centers market is becoming an increasingly bigger part of the global health care system. It is a lucrative business model that is all about convenience for patients. As consumers look for less expensive healthcare options, urgent care centers and walk-in-clinics have been opening with greater frequency in various regions in recent years. Now-a-days, hospital systems also are increasingly expanding their networks into the urgent-care businesses by opening clinics at strategic locations in the world and buying out independent practices too. Moreover, the global urgent care centers market witnesses plenty of funding from private equity people who believe this is a gold rush for the forthcoming years.
Industry Insights into the Urgent Care Centers Market
Urgent care centers (UCCs) treat the most common illnesses and injuries – including cuts, back pain, colds, and ear infections. Such centers also take X-rays and perform simple urine, drug and blood tests on patients. However, UCCs do not provide critical care services and life-threatening surgeries. These centers are mainly considered as ambulatory healthcare centers such as convenient care clinics and emergency departments.
Browse Full Global Urgent Care Centers Market Report With Complete TOC @
The urgent care center model is basically designed to provide cost-effective healthcare services and optimum quality to general public across the globe. Propelled by reduction in primary care appointments and frustration over long waits in hospitals and emergency rooms (for non-emergency care), the market has experienced a spurt of growth for urgent care facilities in the past few years. The number of medical facilities has increased from 8,000 to nearly 9,000 and consumers continue to yearn for similar immediate accessible medical care centers in many emerging regions of the world.
According to a market firm in the U.S. the UCCs market was valued at US$23.5 billion in 2013. Moderately growing at a CAGR of 3.8% from 2014 to 2020, the market is expected to reach US$30.5 billion by the end of 2020.
Such factors have been the driving force behind this monumental growth in the global urgent care centers market.
Services and Segmentations of UCC Market
The global urgent care centers market is broadly segmented on the basis of major services provided by medical centers. Some of the services listed in this market segment include, services for injury, trauma, illness, diagnostic, routine vaccination, physical, and screening and monitoring. Amongst them, the majority of the market share of revenue was generated by the illness services sector as of 2012. Most of the visits in the illness segment market in the same year were for conditions such as pharyngitis, urinary tract infections, upper respiratory tract infections, and fever and cold. The maximum number of illness related visits in 2012 was from the otitis media that accounted for more than 50%. However, the illness sector was followed by the injury segment in the global urgent care centers market. The UCCs market is widely fragmented with small and large players, wherein, the small players such as physician groups or physicians hold approximately 35% of the medical centers across various regions.
New Players will Find More Opportunities in Asia Pacific Region
Geographically, the global UCCs market is segmented into four major regions namely, Asia-Pacific, Europe, North America, and Rest of the World (RoW). North America once held the majority share of the overall UCCs market due to high adoption of UCCs for non-emergency conditions. This region is still expected to retain its position until the end of 2020.
Europe is at a distant second to this region in terms of growth and development regarding the walk-in health services and cost-effective medical care facilities. In the Asia-Pacific region, some of the major countries that offer high growth opportunities to existing and new companies in this market include India, China, Japan, New Zealand, and Australia.
Request a Brochure of this Report:
About Transparency Market Research
TMR is a U.S.-based market intelligence company driven by a global team of high-pedigree industry consultants, analysts, and researchers. TMR leverages its worldwide Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions.
The company's multi-disciplinary expertise has made it the preferred growth partner of hundreds of companies worldwide, from multibillion dollar conglomerates to emerging regional businesses. TMR's exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources, tools, and techniques.