Evolving healthcare services are driving the growth of United States Retail Clinics Market, in the forecast period, 2022-2026.
The surge in the demand for emergency healthcare facilities is further driving the growth of the United States retail clinic market in the upcoming five years. Moreover, the government initiatives to provide emergency services and immediate healthcare attention to the population in need is also substantiating the growth of the United States retail clinics market in the next five years.
Furthermore, the demand for retail clinics for performing rapid analysis tests for the diagnosis of the infection due to COVID-19 along with vaccination of the population and providing basic aid to the patients has increased and this factor is expected to substantiate the growth of the United States retail clinics market in the future five years.
Retail clinics are general healthcare centers for the immediate requirement of healthcare facilities. The trend for retail clinics is rapidly increasing in the United States. As of 2020, more than 3000 retail clinics have been already functional in the country. The facilities are highly focused on providing best possible urgent healthcare facilities that too at an affordable cost, convenient hours, non-appointment facility, convenient location, etc. These facilities are often staffed with nurse practitioners or physician assistants who offer treatment for common acute illnesses, screening tests, and vaccinations to patients aged 18 months or older.
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The United States retail clinics market is segmented on the basis of ownership, location, services, competitional landscape, and regional distribution. Based on location, the market is further segmented into departmental stores, shopping malls, retail stores, and others. Availability of retail clinics in places like departmental stores, shopping malls has contributed to the growth of the United States retail clinics market altogether as consumers are able to comfortably visit the facility even in the emergency conditions and get immediate medical attention. Departmental stores are anticipated to register highest revenue shares of the market on account of feasibility of the consumers in visiting the retail clinics. These kinds of stores do not require any prior appointments and thus drive the growth of the United States retail clinics market in the upcoming five years.
Based on services, the market is again segmented into clinical chemistry & immunoassay, point of care diagnostics, immunization, physiotherapy, and others. Clinical chemistry & immunoassay is an automated chemistry analyzer that measures enzymes, lipids, electrolytes, proteins and other such components in blood and urine. A sensitive measurement of antigen-antibody reaction is the process of immunoassay that is done to identify diseases like Ebola, COVID-19, etc. The rise in the number of coronavirus infected people has substantiated the growth of the clinical chemistry & immunoassay services in the upcoming five years.
Based on ownership, the market is further segmented into retail store-owned, hospital-owned, investor-owned, and others. Hospital-owned retail clinics are also expected to register significant growth in the next five years on the backbone of reliability on the clinics being owned by the renowned hospitals. Moreover, the services offered at the hospital-owned clinics are fully equipped and in case of extended services referring to the hospital and concerned experts is much convenient.
CVS Health Corporation, Walgreens Boots Alliance, Inc., Walmart Inc., Bellin Health Systems, Inc., Rite Aid Corporation, The Kroger Company, Aurora Health Care Inc., Next care Holdings, Inc., MedExpress Urgent Care, Concentra, Inc., among others dominate the United States retail clinics market. These market players hold the larger share of the market than the new market players. New market players may focus on the research and development to provide such services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new introducing new services.
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“Added advantages of health insurance available for the healthcare services in the retail clinics in the United States is substantiating the growth of the market. The market analysis shows a promising growth in the future five years. Moreover, government initiatives to provide emergency facilities for the patients outside the hospital infrastructures is further aiding the growth of the market. New market players must focus on providing services in various states of the country, which will augment the growth of retail clinics market in the United States,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Retail Clinics Market By Ownership (Retail Store-Owned, Hospital-Owned, Investor-Owned, Others), By Location (Departmental Stores, Shopping Malls, Retail Stores, Others), By Services (Clinical Chemistry & Immunoassay, Point of Care Diagnostics, Immunization, Physiotherapy, Others), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United States retail clinics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States retail clinics market.
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