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Retail Clinics Market

Retail Clinics Market Forecasts to 2028 – Global Analysis By Location (Shopping Malls, Stores), Ownership Type (Retail Owned, Hospital Owned) Application (Vaccination, Point of Care Diagnostics) and By Geography

4.3 (17 reviews)
Published: August 2021 ID: SMRC20822
4.3 (17 reviews)
Published: August 2021 ID: SMRC20822

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Retail Clinics Market is accounted for $4,139.85 million in 2020 and is expected to reach $10,397.48 million by 2028 growing at a CAGR of 12.2% during the forecast period. Rapid increasing numbers of retail clinics, higher ease of accessibility, and relatively lesser costs are driving the market growth. However, disinclination among general population for treatment in retail clinics and inadequate infrastructure for retail clinics are hampering the growth of the market.

Retail clinics or walk-in clinics also known as urgent care clinics are the alternative treatment sites that deliver care from a qualified provider in settings outside of the emergency department or traditional office. Retail clinics provide primary healthcare services across departmental stores, supermarkets, and retail stores. These retail clinics are gaining immense popularity as they are highly beneficial for public health, easily accessible, and also help in reducing the pressure on public healthcare services.

Based on the mode of payment, the insurance segment is going to have lucrative growth during the forecast period owing to the improving coverage and reimbursement policies, expanding coverage of public health insurance and active government support in ensuring affordable and accessible healthcare to all.

By geography, Asia Pacific is going to have high growth during the forecast period due to the rapid growing population and improving efforts to cut down the pressure on hospitals, and growing focus on outpatient care are some of the key factors for the development of Asia Pacific market.

Some of the key players profiled in the Retail Clinics Market include The Kroger Co., Walmart Inc., Walgreens co., Nextcare Holdings, Inc., MedExpress, Doctors care, Bellin Health Systems, Concentra, Inc., CVS Health’s MinuteClinic, Urgent Care MSO, Rite Aid, RediClinic LLC and U.S. HealthWorks.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 4,139.85 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

12.2%

Predicted 2028 Value:

USD 10,397.48 million

Forecast Years:

2021-2028

Tables, Graphs& Figures

138

Chapters Covered:

Location, Mode of Payment, Ownership Type, Application, Distribution Channel, and Region

Core Drivers and Opportunities:

  • Higher ease of accessibility
  • Rapid increasing numbers of retail clinics

Restraining Factors & Market Threats:

  • Inadequate infrastructure


Locations Covered:
• Shopping Malls
• Stores

Mode of Payments Covered:
• Out-of-Pocket
• Insurance   

Ownership Types Covered:
• Standalone
• Investor Owned
• Retail Owned
• Hospital Owned  

Applications Covered:
• Vaccination
• Clinical Chemistry & Immunoassay
• Point of Care Diagnostics

Distribution Channels Covered:
• Big Box Stores
• Grocery Chain
• Retail Pharmacies
• Drug Stores

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 2019, 2020, 2021, 2025 and 2028
- 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

Key Questions Answered In The Report

The Global Retail Clinics Market is majorly driven by the growing prevalence of illness and diseases such as sore throat, infection.

The retail owned segment is growing at a highest CAGR owing to availability of walk-in clinics located in grocery stores and retail pharmacies and providing care for minor conditions.

Europe dominated with a significant market share due to the factors such as upend the normal healthcare delivery environment and building consumer awareness.

North America market is growing at a highest CAGR owing to increasing preference for retail clinics mainly due to convenience and cost- effectiveness.

Key players in Retail Clinics Market include The Kroger Co., Walmart Inc., Walgreens co., Nextcare Holdings, Inc., MedExpress, Doctors care, Bellin Health Systems, Concentra, Inc., CVS Health’s MinuteClinic, Urgent Care MSO, Rite Aid, RediClinic LLC and U.S. HealthWorks.

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