Urgent Care Centers Market Size, Share, Trends, Growth, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

The global urgent care centers market size was valued at US$ 23.7 Bn in 2019 and to reach US$ 35.5 billion by 2027.

The global urgent care centers market is anticipated to grow at a CAGR of 5.2% during the forecast period 2020 to 2027. The market growth is primarily driven by three major factors, including improved convenience, rapid pace of treatment, and lower cost in comparison with emergency centers and other alternatives. In addition, increasing support from government agencies and insurance companies in different regions of the world is expected to play an important role in boosting the market for urgent care centers during the assessment period. Despite the looming uncertainty during the COVID-19 pandemic, urgent care centers will remain critical.

  • Rise in healthcare spending expenditure, along with increase in the geriatric population in particular has boosted the demand for cost-effective and convenient medical care worldwide
  • Urgent care model provides convenient access to a healthcare professional with or without appointment. The average waiting time in urgent care centers is less than 30 minutes from arrival, as compared to approximately 2 hours and 30 minutes for an ER visit.
  • Urgent care centers provide quality healthcare services to the general public around the world, which is cost-effective
  • Increase in healthcare insurance coverage is expected to fuel the demand for urgent care services. Patients with private coverage are more likely to seek medical treatment at an urgent care center than an ER or other hospital settings, as insurance companies have implemented initiatives for patients within their networks to visit UCCs. For instance, an insurance provider charges patients one-fourth the copay for a visit to UCC as compared to a visit to an ER.

Urgent care centers (UCCs) are an important section of the healthcare industry that provides non-emergency care to the general population. UCCs offer various services on walk-in on no appointment basis for non-life threatening illnesses and injuries. Services provided by UCCs include illness, injury, physicals (school physicals), occupational medicine, vaccinations, diagnostic, screening, and monitoring. Illness services account for major share of the global urgent care centers market, followed by the injury segment. These two segments together account for nearly 65% of the global market.

North America dominated the global urgent care centers market in 2018 and the trend is anticipated to continue during the forecast period. According to the latest report published by Urgent Care Association, the number of urgent care centers rose 9.6% in the U.S. from 8,774 in 2018 to 9,616, nearly 47% of the world’s total urgent care centers, in November 2019.

Advantages of Urgent Care Centers

The UCCs market has different ownerships, where one or more physicians and hospitals/franchise owners come together to address the demand for inexpensive and convenient healthcare. UCCs have witnessed significant developments in the past few years due to longer waiting hours for appointment in emergency room and other healthcare providers, issues with same-day access for sick care, and limited access to after-hours care at hospitals and other primary care providers. A large number of the UCCs work all the days of the week, and remain open from 8:00 am to 7:00 pm or later on weeknights. A qualified professional, such as doctor, nurse, or physician assistant, attends the patient within less than 30 minutes from arrival in comparison to approximately 2 hours and 30 minutes on average ED visit time.

Walk-ins are welcome, and there is no need to plan an appointment. However, appointments can get a patient in and out more rapidly. Appointments can be made through online portal, which also publishes wait time in clinic.

Illness to Lead Global Market

In terms of service, the illness segment is projected to account for a major share of the global urgent care centers market during the forecast period. The most common illnesses treated at UCCs are fever, cough & cold, urinary tract infections (UTIs), pharyngitis, respiratory tract infections, and otitis media.

Hospital-owned Urgent Care Centers to Dominate Global Market

In terms of ownership, the hospital-owned urgent care centers segment is anticipated to account for major share of the global urgent care centers market during the forecast period. Hospitals are looking to expand their brand, which can be achieved by UCCs, as they provide several sources for referral of specialists, physical therapy, and lab imaging.

Prominent Regions

The global urgent care centers market has been segmented into four major regions: North America, Europe, Asia Pacific, and Rest of the World (RoW). North America dominated the global urgent care centers market in 2018. The U.S. is the major market in the region. The growth of the market in the region can be attributed to cost-efficiency of UCCs, easy access, less time consuming, and services covered under insurance. The urgent care centers market in Asia Pacific is expected to expand at a high CAGR from 2019 to 2027. The market in the region is likely to be driven by developing countries such as China and India. The focus of market players on strengthening presence in emerging economies in order to leverage growth opportunities propels the market in Asia Pacific.

Key players operating in the global urgent care centers market are 

  • Concentra, Inc.
  • MedExpress
  • American Famil Care
  • NextCare Holdings, Inc
  • FastMed Urgent Care
  • HCA CareNow
  • CareSpot Family of Urgent Care Brands
  • CityMD
  • GoHealth Urgent Care
  • Patient First

Market Segmentation

By Service

    • Illness
    • Injury
    • Physical
    • Diagnostic
    • Vaccination
    • Screening

By Ownership

    • Corporate-owned Urgent Care Centers
    • Physician-owned Urgent Care Centers
    • Hospital-owned Urgent Care Centers
    • Other Urgent Care Centers

By Region

    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • Rest of Asia Pacific
    • Rest of the World (RoW)
      • Brazil
      • Mexico
      • GCC Countries
      • South Africa
      • Rest of RoW

Report Scope

The Urgent care centers market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Urgent care centers market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Urgent care centers market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Urgent care centers market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Urgent care centers market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Urgent care centers capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Urgent care centers by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Urgent care centers market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Urgent care centers market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Urgent care centers market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Urgent care centers industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Urgent care centers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Urgent care centers market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Urgent care centers market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Urgent care centers market. These factors have benefited the growth of the global market for Urgent care centers. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Urgent care centers. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Urgent care centers are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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