Urgent Care Center Market Growth Trajectory – Insights On Key Growth Drivers, Major Trends, And Top Opportunities
22 May, 2023
The global urgent care center market is expected to grow from $22.88 billion in 2022 to $24.19 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The urgent care center market is expected to grow to $30.13 billion in 2027 at a CAGR of 5.7%.
Global Urgent Care Center Market Key Driver
Increasing chronic diseases are expected to drive demand for urgent care centers in the future. Chronic disease is ongoing, progresses, and usually worsens over time if no lifestyle changes are made. Chronic diseases include Alzheimer's disease, rheumatoid arthritis, Parkinson's disease, and cancer. Chronic diseases necessitate appropriate health care services and medications, necessitating the use of urgent care centers. For instance, according to National Cancer Institute (NCI), a US-based federal government's principal agency for cancer research and training. In 2020, there were 1,806,590 new cases of cancer were diagnosed in the United States and 606,520 people died from the disease. Also by 2040, the number of new cancer cases per year is predicted to reach 29.5 million, with 16.4 million cancer-related deaths. By 2030, the number of cancer survivors is expected to reach 22.2 million. Therefore, increasing chronic diseases are driving the growth of the urgent care center market.
Get a sample of the global urgent care center market reportGlobal Urgent Care Center Market Segments
The global urgent care center market is segmented:
1) By Service: Trauma or Injury Services, Vaccination Services, Acute Illness Treatment Solutions, Other Services
2) By Ownership: Corporate Owned, Hospital Owned, Physician Owned, Other Ownerships
3) By Geography: The regions covered in the urgent care center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global urgent care center market.
Major Urgent Care Center Industry Players
NextCare Holdings Inc., Concentra Inc., HCA Healthcare, MedExpress Urgent Care, American Family Care, Fastmed Urgent Care, Carenow Healthcare Private Limited, St Joseph's Health Care London, U.S. HealthWorks Inc., Citymd Healthcare Private Limited, GoHealth Urgent Care, Columbia Asia, CareSpot, Dignity Health Care, United Health Group, International SOS, Texas MedClinic, Patient First, Aurora Urgent Care, Bellin Health, Doctors Care, MD Now Medical Centers Inc., and Intermountain InstaCare.
Get the full global urgent care center industry report
Urgent Care Center Market Overview
Urgent care centers are similar to walk-in retail clinics in that they provide quick on-demand care, but instead of treating low-acuity disorders like bronchitis and mild infections, urgent care clinics are equipped to handle more serious problems like fractures, sprains, and wounds.
Urgent Care Center Global Market Report 2023 provides data on the global urgent care center market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The urgent care center market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.