Urgent Care Centers Market: Current Analysis and Forecast (2022-2028)

Report Description

Global Urgent Care Center Market is expected to grow at a significant rate of around 4.5% during the forecast period. An urgent care center is a clinic that serves patients with urgent but non-serious medical issues and is located outside of a regular hospital emergency room. Injuries or illnesses that need immediate attention but are not serious enough to necessitate an emergency department visit are typically treated at urgent care facilities. The growth of the urgent care center market is driven due to the strategic alliances between hospitals and urgent care providers and the rising investment in urgent care. For instance, on 4 January 2022, HCA Healthcare acquired MD Now Urgent Care from private equity firm Brentwood Associates. The number of cardiovascular or sports-related injuries has increased, which has decreased patient wait times and raised awareness of urgent care facilities. According to the National Safety Council (NSC), in 2021 exercise equipment accounted for about 409,000 injuries, the most in any category of sports and recreation.

Concentra, Inc.; MedExpress; NextCare; TH Medical; FastMed Urgent Care; Ascension; Summit Health; WellNow Urgent Care; American Family Care; GoHealth Urgent Care are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst medical service, Acute illness treatment held a significant share of the market in 202”

Based on medical service, the market is segmented into acute illness treatment, trauma/injury treatment, physical examinations, immunizations & vaccination, and others. Acute illness treatment held a significant share of the market in 2021. This is mainly due to the rising incidence of non-life-threatening injuries and illnesses such as fever, cold, and urinary tract infections (UTIs) which are routinely treated by urgent care centers. As per the study of National Library of Medicine, on 28 November 2022, about 40% of women in the U.S. will develop a urinary tract infection (UTI) at some point in their lifetime, making this one of the most common infections in women.

“Amongst ownership, the hospital-owned is expected to grow with a significant CAGR during the forecast period”

Based on ownership, the urgent care centers market is divided into corporate-owned, physician-owned, hospital-owned, and others. Among these, the hospital-owned is expected to grow with a significant CAGR during the forecast period. This is mainly due to the increasing number of trauma cases and the rising number of patients in hospitals. Furthermore, the rising risks of cardiac diseases, increasing incidences of injuries, and higher prevalence of acute respiratory infection among the population are the major factors driving the rapid growth of the segment.

Urgent Care Centers Market Report Coverage

“North America held a significant share in the market”

In 2021, North America held a significant share of the global urgent care centers market. This is mainly attributed to the increasing incidences of strokes attribute to the significant growth of the segment in the urgent care centers market. For instance, as per the CDC, every year, more than 795,000 people in the United States have a stroke. About 610,000 of these are first or new strokes. The rising awareness about the benefits of post-hospital services and the higher number of accident cases in developing nations are the key factors proliferating the growth of urgent care centers in the market. Moreover, the government is also investing to launch hybrid urgent care centers for more patients enrollment. For instance, in August 2022, Virginia Mason Franciscan Health (VMFH) announced the building of the state’s first hybrid ER/urgent care center in Bremerton, Washington. It will be the first of multiple hybrid facilities VMFH plans to open in the Puget Sound region over the next four years using Intuitive Health’s innovative care model of offering emergent and urgent care in a single location. Such initiatives are expected to drive the market growth in the region during the forthcoming years.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global urgent care center market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Urgent Care Center Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global urgent care center market were the three major steps undertaken to create and analyze the adoption of urgent care centers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global urgent care center market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the urgent care center market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the urgent care center market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as medical service and ownership. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the urgent care center market. Further, we conducted factor analysis using dependent and independent variables such as various medical service and ownership of urgent care centers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the urgent care center market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global urgent care center market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the urgent care center market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global urgent care center market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global urgent care center market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of medical service and ownership in the global urgent care center market.

The main objective of the Global Urgent Care Center Market Study

The current & future market trends of the global urgent care center market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the urgent care center market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of medical service and ownership.
• Define and analysis of the regulatory framework for the urgent care center
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the urgent care center market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the urgent care center market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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