Retail Clinics Market Growth Popularity And Emerging Trends In The Industry By 2027: Rite Aid Corp, Walmart Inc., Walgreens co., Nextcare Holdings

The retail clinics market accounted for US$ 3,408.96 Mn in 2018 and is expected to grow at a CAGR of 10.2% during the forecast period 2019 – 2027, to account for US$ 8,108.98 Mn by 2027.

The retail clinics market in the North America region is largely held by countries such as the United States, Canada, and Mexico. The retail clinic market across the region is estimated to grow significantly due to rapidly increasing numbers of retail clinics. The growth of the market is also attributed to the lower cost of retail services as compared to an emergency department.

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The major players operating in the retail clinics market include The Kroger Co., CVS Health, Rite Aid Corp, Walmart Inc., Walgreens co., Nextcare Holdings, Inc., MedExpress, Doctors care, Bellin Health Systems and Concentra, Inc.

The global retail clinics market is segmented on the basis of location, ownership type and application. The market based on location segment is classified as stores, malls, and others. On the basis of ownership type, the market is segmented into retail owned and hospital-owned. Based on the application the market is classified as clinical chemistry & immunoassay, point of care diagnostics, vaccination and others.

Research Report Highlights:

  • Market Dynamics
  • Market Scope
  • Market Trends And Outlook
  • Key Opportunities
  • Competitive Landscape
  • Value Chain Analysis
  • Regional Framework
  • Market Segments And Sub-Segments

 

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Organic and inorganic growth strategies were observed in the global retail clinic market. Whereas, organic growth strategies were carried out largely in the retail clinics market. For instance, in November 2019, Walgreens has launched a new billing solution to allow Medicare patients who use the Dexcom G6 Continuous Glucose Monitoring (CGM) System to fill their prescription at any of its more than 9,200 U.S. retail pharmacy locations.

Retail 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. The retail clinics generally are standalone type and do not have the observation beds. Apart from care quality, convenience is the primary factor that helps in contributing to taking patient treatment decisions. These clinics are located in easy-to-get-to locations such as the malls, shopping plazas, stores, and provide non-fatal emergency care to the patients. These types of clinics are the ideal to solve acute health issues that are simple to diagnose and treat, such as sinus infections, strep throat, urinary tract infections, flu shots, bronchitis ear infections, ringworm, immunizations among others. Also, few retail clinics provide preventive health screenings, such as diabetes, cholesterol, blood pressure, and skin cancer analysis.

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