Urgent Care Centers Market to Reach US$30.5 bn
by 2020 due to Emergence of Cost-Effective
Medical Care
A new Transparency Market Research report states that the global urgent care centers market
stood at US$23.5 bn in 2013 and is predicted to reach US$30.5 bn by 2020. It is anticipated to
expand at a CAGR of 3.80% from 2014 to 2020.
Urgent care is a type of walk-in clinic providing ambulatory care within a dedicated medical
facility outside of a conventional emergency room. Urgent care centers majorly treat illnesses or
injuries that need immediate care. However, these types of illnesses are not serious enough and
thus do not need an ER visit. Urgent care centers thus allow easy access to an affordable
healthcare experience to patients. Nowadays, urgent care centers are equipped with cutting-edge
technology and offer life-saving procedures for the fast recovery of patients. In terms of service,
the market for urgent care centers is segmented into injury, illness, physical, diagnostic,
screening, and vaccination.
As stated in the report, the increasing aging population and the emergence of cost-effective
medical care are amongst the prime drivers stimulating the market for urgent care centers. In
addition, the reduction in waiting time and the flexibility in appointment provided by urgent care
centers attract huge patient pool, thus augmenting the growth of the market. Furthermore, the
rising investments in the market for urgent care centers has been resulting in the rise in number
of advanced urgent care centers across the world, thus impacting the market positively. On the
other hand, the absence of physicians and the increasing initial establishment costs of urgent care
centers may inhibit the growth of the market in forthcoming years.
In terms of geography, the global urgent care centers market is segmented into Europe, North
America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America led the
market in 2014 and...