Retail Clinics
Retail Clinics Market Forecasts to 2030 - Global Analysis By Ownership (Standalone, Hospital-owned, Investor-owned and Other Ownerships), Location (Retail Stores, Shopping Malls, Departmental Stores and Other Locations), Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $3.06 BN |
|
Projected Year Value (2030) |
US $3.42 BN |
|
CAGR (2023 - 2030) |
10.67% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Retail Clinics Market is accounted for $3.06 billion in 2023 and is expected to reach $3.42 billion by 2030 growing at a CAGR of 10.67% during the forecast period. Retail clinics are healthcare facilities located within retail outlets, such as pharmacies, supermarkets, or big-box stores, that offer basic medical services and treatments. These clinics are designed to provide convenient and accessible healthcare services for common, non-emergency medical issues. Retail clinics are often staffed by nurse practitioners or physician assistants. They are suitable only for minor health issues and are not equipped to handle complex or serious medical conditions.
According to the Healthcare Information and Management Systems Society, currently, 2,000 retail clinics are operating in the U.S. alone.
Market Dynamics:
Driver:
Increasing consumer demand for convenient healthcare
Retail clinics are typically located in easily accessible retail settings, such as pharmacies and supermarkets. This proximity makes healthcare services more convenient for consumers, allowing them to seek medical attention without having to schedule appointments or travel long distances. They also provide extended operating hours, walk-in appointments, quick turnaround timeand routine care services. Additionally, retail clinics can address the needs of individuals seeking immediate care for minor health issues or routine check-ups which boosts up their growth.
Restraint:
Limited scope of services
Retail clinics typically focus on providing basic and routine healthcare services, such as vaccinations, minor illness treatments, and preventive care. They don’t have the capacity or expertise to address complex health issues, chronic diseases, or emergencies. This limitation can discourage individuals with more serious health concerns from choosing retail clinics as their primary care provider. It also affects the ability of retail clinics to attract and retain patients.
Opportunity:
Growing collaborations with primary care providers
Collaboration with primary care providers facilitates better continuity of care for patients. Retail clinics can share patient records, ensuring that the care provided in the retail setting aligns with the overall healthcare plan. By working with primary care providers, retail clinics can offer a broader range of services, including preventive care, chronic disease management, and follow-up care, thereby attracting a larger patient population. It also creates a symbiotic relationship that benefits both parties and, most importantly, improves patient care and accessibility to healthcare services.
Threat:
Quality of care concerns
Disparate care is caused by retail clinics operating apart from a patient's primary care physician. A thorough grasp of a patient's medical history and the management of chronic illnesses may be hampered by this lack of coordination. Patients who receive care in a retail clinic might not know exactly where to turn for follow-up or ongoing management, especially if they have more complicated medical conditions. The expansion of the industry is further hampered by elements including inadequate diagnostic capabilities, improper referrals, a restricted service offering, and follow-up difficulties in case management.
Covid-19 Impact
The covid-19 is like a kick-starter for the retail clinics market. The shorter waiting times, easier access, and lower costs for patients resulted in higher demand for the service. Retail clinics have been involved in administering covidvaccines. They have also collaborated with public health initiatives, participating in testing and vaccination efforts.Retail clinics have seen an increased focus on chronic disease management and preventive care during the pandemic. Further, economic uncertainties and operational challenges during the pandemic affected the financial stability of some retail clinics.
The standalone segment is expected to be the largest during the forecast period
Thestandalone segment is estimated to have a lucrative growth, due to their cost effectiveness, convenience and accessibility. Standalone retail clinics operate with extended hours, providing flexibility to patients. They contribute to community health by providing accessible healthcare services. Also, patients have the freedom to choose when and where to receive basic healthcare services, fostering a sense of control over their health management. They often engage in public health initiatives and occupational health services.
The point of care diagnostics segment is expected to have the highest CAGR during the forecast period
The point of care diagnostics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the presence of better healthcare infrastructure, increasing cases of infectious diseases, a growing geriatric population base and availability of high-quality diagnostic tests. POCD allows for the quick diagnosis of various medical conditions, enabling healthcare providers to initiate timely and appropriate treatments. Its improved patient outcomes, enhanced efficiency, and increased access to diagnostics, making them a valuable tool in various healthcare settings.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing population, increased efforts to reduce the burden on hospitals, and increasing emphasis on outpatient care.Various healthcare providers and retail chains have been expanding their presence in the Asia Pacific retail clinics market. Additionally, rising government encouragements in providing basic healthcare services, especially in underserved areas are accelerating the retail clinics demand.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the growing emphasis on preventive care aiming at the reduction of direct and indirect hospitalization costs associated with the treatment of diseases, reduction in waiting time, and active government support. Retail clinics in Europe are often associated with well-known pharmacy and retail chains. Also, the integration of digital health technologies is a notable trend in the European healthcare landscape. Further, the preferences of younger, tech-savvy populations, as well as individuals seeking on-the-go healthcare solutions, contribute to the market dynamics.
Key players in the market
Some of the key players profiled in the Retail Clinics Market includeDoctors Care, Pristyn Care, CVS Healthcare, AtlantiCare, Aurora Quick Care, Care Today, Now Medical Centers, MedDirect, My Healthy Access, Walgreens Boots Alliance, The Kroger Co., RediClinic, Wellness Express, Target Brands Inc., NextCare Holdings, Concentra Inc, AstraZeneca, Rite Aid Corporation, Walmart and Bellin Health Systems.
Key Developments:
In November 2023, AstraZeneca launched Evinova, set to be a leading provider of digital health solutions to better meet the needs of healthcare professionals, regulators and patients. It will provide established technology solutions to pharma, biotech and CROs to support clinical research globally.
In May2022, Healthcare provider Pristyn Care has launched a new initiative called ‘CARES’ program. Under this, the platform has listed its five guiding principles under ‘CARES’ program, reiterating its commitment to a patient-first approach with a primary focus on patient safety.
In April 2022, Walmart opened the first of five new doctor-staffed “Walmart Health” centers in Florida to expand low-cost healthcare services to tens of thousands of its customers.
Ownerships Covered:
• Standalone
• Hospital-owned
• Investor-owned
Locations Covered:
• Retail Stores
• Shopping Malls
• Departmental Stores
• Other Locations
Applications Covered:
• Vaccination
• Clinical Chemistry & Immunoassay
• Point Of Care Diagnostics
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Retail Clinics Market, By Ownership
5.1 Introduction
5.2 Standalone
5.3 Hospital-owned
5.4 Investor-owned
5.5 Other Ownerships
6 Global Retail Clinics Market, By Location
6.1 Introduction
6.2 Retail Stores
6.3 Shopping Malls
6.4 Departmental Stores
6.5 Other Locations
7 Global Retail Clinics Market, By Application
7.1 Introduction
7.2 Vaccination
7.3 Clinical Chemistry & Immunoassay
7.4 Point Of Care Diagnostics
7.5 Other Applications
8 Global Retail Clinics Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Doctors Care
10.2 Pristyn Care
10.3 CVS Healthcare
10.4 AtlantiCare
10.5 Aurora Quick Care
10.6 Care Today
10.7 Now Medical Centers
10.8 MedDirect
10.9 My Healthy Access
10.10 Walgreens Boots Alliance
10.11 The Kroger Co.
10.12 RediClinic
10.13 Wellness Express
10.14 Target Brands Inc.
10.15 NextCare Holdings
10.16 Concentra Inc
10.17 AstraZeneca
10.18 Rite Aid Corporation
10.19 Walmart
10.20 Bellin Health Systems
List of Tables
1 Global Retail Clinics Market Outlook, By Region (2021-2030) ($MN)
2 Global Retail Clinics Market Outlook, By Ownership (2021-2030) ($MN)
3 Global Retail Clinics Market Outlook, By Standalone (2021-2030) ($MN)
4 Global Retail Clinics Market Outlook, By Hospital-owned (2021-2030) ($MN)
5 Global Retail Clinics Market Outlook, By Investor-owned (2021-2030) ($MN)
6 Global Retail Clinics Market Outlook, By Other Ownerships (2021-2030) ($MN)
7 Global Retail Clinics Market Outlook, By Location (2021-2030) ($MN)
8 Global Retail Clinics Market Outlook, By Retail Stores (2021-2030) ($MN)
9 Global Retail Clinics Market Outlook, By Shopping Malls (2021-2030) ($MN)
10 Global Retail Clinics Market Outlook, By Departmental Stores (2021-2030) ($MN)
11 Global Retail Clinics Market Outlook, By Other Locations (2021-2030) ($MN)
12 Global Retail Clinics Market Outlook, By Application (2021-2030) ($MN)
13 Global Retail Clinics Market Outlook, By Vaccination (2021-2030) ($MN)
14 Global Retail Clinics Market Outlook, By Clinical Chemistry & Immunoassay (2021-2030) ($MN)
15 Global Retail Clinics Market Outlook, By Point Of Care Diagnostics (2021-2030) ($MN)
16 Global Retail Clinics Market Outlook, By Other Applications (2021-2030) ($MN)
17 North America Retail Clinics Market Outlook, By Country (2021-2030) ($MN)
18 North America Retail Clinics Market Outlook, By Ownership (2021-2030) ($MN)
19 North America Retail Clinics Market Outlook, By Standalone (2021-2030) ($MN)
20 North America Retail Clinics Market Outlook, By Hospital-owned (2021-2030) ($MN)
21 North America Retail Clinics Market Outlook, By Investor-owned (2021-2030) ($MN)
22 North America Retail Clinics Market Outlook, By Other Ownerships (2021-2030) ($MN)
23 North America Retail Clinics Market Outlook, By Location (2021-2030) ($MN)
24 North America Retail Clinics Market Outlook, By Retail Stores (2021-2030) ($MN)
25 North America Retail Clinics Market Outlook, By Shopping Malls (2021-2030) ($MN)
26 North America Retail Clinics Market Outlook, By Departmental Stores (2021-2030) ($MN)
27 North America Retail Clinics Market Outlook, By Other Locations (2021-2030) ($MN)
28 North America Retail Clinics Market Outlook, By Application (2021-2030) ($MN)
29 North America Retail Clinics Market Outlook, By Vaccination (2021-2030) ($MN)
30 North America Retail Clinics Market Outlook, By Clinical Chemistry & Immunoassay (2021-2030) ($MN)
31 North America Retail Clinics Market Outlook, By Point Of Care Diagnostics (2021-2030) ($MN)
32 North America Retail Clinics Market Outlook, By Other Applications (2021-2030) ($MN)
33 Europe Retail Clinics Market Outlook, By Country (2021-2030) ($MN)
34 Europe Retail Clinics Market Outlook, By Ownership (2021-2030) ($MN)
35 Europe Retail Clinics Market Outlook, By Standalone (2021-2030) ($MN)
36 Europe Retail Clinics Market Outlook, By Hospital-owned (2021-2030) ($MN)
37 Europe Retail Clinics Market Outlook, By Investor-owned (2021-2030) ($MN)
38 Europe Retail Clinics Market Outlook, By Other Ownerships (2021-2030) ($MN)
39 Europe Retail Clinics Market Outlook, By Location (2021-2030) ($MN)
40 Europe Retail Clinics Market Outlook, By Retail Stores (2021-2030) ($MN)
41 Europe Retail Clinics Market Outlook, By Shopping Malls (2021-2030) ($MN)
42 Europe Retail Clinics Market Outlook, By Departmental Stores (2021-2030) ($MN)
43 Europe Retail Clinics Market Outlook, By Other Locations (2021-2030) ($MN)
44 Europe Retail Clinics Market Outlook, By Application (2021-2030) ($MN)
45 Europe Retail Clinics Market Outlook, By Vaccination (2021-2030) ($MN)
46 Europe Retail Clinics Market Outlook, By Clinical Chemistry & Immunoassay (2021-2030) ($MN)
47 Europe Retail Clinics Market Outlook, By Point Of Care Diagnostics (2021-2030) ($MN)
48 Europe Retail Clinics Market Outlook, By Other Applications (2021-2030) ($MN)
49 Asia Pacific Retail Clinics Market Outlook, By Country (2021-2030) ($MN)
50 Asia Pacific Retail Clinics Market Outlook, By Ownership (2021-2030) ($MN)
51 Asia Pacific Retail Clinics Market Outlook, By Standalone (2021-2030) ($MN)
52 Asia Pacific Retail Clinics Market Outlook, By Hospital-owned (2021-2030) ($MN)
53 Asia Pacific Retail Clinics Market Outlook, By Investor-owned (2021-2030) ($MN)
54 Asia Pacific Retail Clinics Market Outlook, By Other Ownerships (2021-2030) ($MN)
55 Asia Pacific Retail Clinics Market Outlook, By Location (2021-2030) ($MN)
56 Asia Pacific Retail Clinics Market Outlook, By Retail Stores (2021-2030) ($MN)
57 Asia Pacific Retail Clinics Market Outlook, By Shopping Malls (2021-2030) ($MN)
58 Asia Pacific Retail Clinics Market Outlook, By Departmental Stores (2021-2030) ($MN)
59 Asia Pacific Retail Clinics Market Outlook, By Other Locations (2021-2030) ($MN)
60 Asia Pacific Retail Clinics Market Outlook, By Application (2021-2030) ($MN)
61 Asia Pacific Retail Clinics Market Outlook, By Vaccination (2021-2030) ($MN)
62 Asia Pacific Retail Clinics Market Outlook, By Clinical Chemistry & Immunoassay (2021-2030) ($MN)
63 Asia Pacific Retail Clinics Market Outlook, By Point Of Care Diagnostics (2021-2030) ($MN)
64 Asia Pacific Retail Clinics Market Outlook, By Other Applications (2021-2030) ($MN)
65 South America Retail Clinics Market Outlook, By Country (2021-2030) ($MN)
66 South America Retail Clinics Market Outlook, By Ownership (2021-2030) ($MN)
67 South America Retail Clinics Market Outlook, By Standalone (2021-2030) ($MN)
68 South America Retail Clinics Market Outlook, By Hospital-owned (2021-2030) ($MN)
69 South America Retail Clinics Market Outlook, By Investor-owned (2021-2030) ($MN)
70 South America Retail Clinics Market Outlook, By Other Ownerships (2021-2030) ($MN)
71 South America Retail Clinics Market Outlook, By Location (2021-2030) ($MN)
72 South America Retail Clinics Market Outlook, By Retail Stores (2021-2030) ($MN)
73 South America Retail Clinics Market Outlook, By Shopping Malls (2021-2030) ($MN)
74 South America Retail Clinics Market Outlook, By Departmental Stores (2021-2030) ($MN)
75 South America Retail Clinics Market Outlook, By Other Locations (2021-2030) ($MN)
76 South America Retail Clinics Market Outlook, By Application (2021-2030) ($MN)
77 South America Retail Clinics Market Outlook, By Vaccination (2021-2030) ($MN)
78 South America Retail Clinics Market Outlook, By Clinical Chemistry & Immunoassay (2021-2030) ($MN)
79 South America Retail Clinics Market Outlook, By Point Of Care Diagnostics (2021-2030) ($MN)
80 South America Retail Clinics Market Outlook, By Other Applications (2021-2030) ($MN)
81 Middle East & Africa Retail Clinics Market Outlook, By Country (2021-2030) ($MN)
82 Middle East & Africa Retail Clinics Market Outlook, By Ownership (2021-2030) ($MN)
83 Middle East & Africa Retail Clinics Market Outlook, By Standalone (2021-2030) ($MN)
84 Middle East & Africa Retail Clinics Market Outlook, By Hospital-owned (2021-2030) ($MN)
85 Middle East & Africa Retail Clinics Market Outlook, By Investor-owned (2021-2030) ($MN)
86 Middle East & Africa Retail Clinics Market Outlook, By Other Ownerships (2021-2030) ($MN)
87 Middle East & Africa Retail Clinics Market Outlook, By Location (2021-2030) ($MN)
88 Middle East & Africa Retail Clinics Market Outlook, By Retail Stores (2021-2030) ($MN)
89 Middle East & Africa Retail Clinics Market Outlook, By Shopping Malls (2021-2030) ($MN)
90 Middle East & Africa Retail Clinics Market Outlook, By Departmental Stores (2021-2030) ($MN)
91 Middle East & Africa Retail Clinics Market Outlook, By Other Locations (2021-2030) ($MN)
92 Middle East & Africa Retail Clinics Market Outlook, By Application (2021-2030) ($MN)
93 Middle East & Africa Retail Clinics Market Outlook, By Vaccination (2021-2030) ($MN)
94 Middle East & Africa Retail Clinics Market Outlook, By Clinical Chemistry & Immunoassay (2021-2030) ($MN)
95 Middle East & Africa Retail Clinics Market Outlook, By Point Of Care Diagnostics (2021-2030) ($MN)
96 Middle East & Africa Retail Clinics Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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