Retail Clinics 2019 Forecast: Locations, Revenues, Supplier Sales, Trends, Consumer Survey

Retail Clinics 2019 Forecast: Locations, Revenues, Supplier Sales, Trends, Consumer Survey

Within the U.S. healthcare market, retail clinics provide an alternative choice that seeks to alleviate the issues that concern U.S. residents such as high healthcare costs and inconsistent quality of care. Retail clinics are able to provide low-cost healthcare that is accessible by walk-in and often free of the long wait times seen in other healthcare settings. These clinics are increasingly being used by consumers across the U.S. for low-acuity conditions and a growing number of other routine and maintenance healthcare services. Kalorama’s Retail Clinics 2019 Forecast: Locations, Revenues, Supplier Sales, Trends, Consumer Survey examines the evolving retail clinics market situation and provides market forecasts, including the following data points:

• The U.S. Market for Retail Clinics, 2018 (Growth 2018-2023, Estimated Retail Clinic Locations in 2023, Key Market Factors, Market Leaders, Major Growth Opportunities and Trends Through 2023)
• Retail Clinics Market Snapshot (Total Retail Clinics, Average Patients Per Day, Average Revenue Per Patient, Total Retail Clinic Revenue)
• Retail Clinics Market, 2013 – 2023 (Number of Clinics by Year End, Patients/Clinic/Day, Revenue per Patient Visit, Total Annual Revenue [million $])

As retail clinics can be a source of both direct and indirect revenues, the retail location where the clinic is housed is also important to analyze. The number of retail clinic locations, which has remaining relatively flat since 2015, is expected to return to growth through 2023. This is due to a number of factors, which are discussed in the report. Combined with gains in retail clinic locations, total market revenues are expected to grow as well during the forecast period. Data provided within the report include:

• Number of Retail Locations in the Retail Clinic Market, 2018
• Number of Clinics of Leading Operators in the Retail Clinics Market, 2018
• Revenues of Leading Operators in the Retail Clinics Market, 2018 (million dollars)

Retail clinics are becoming relatively large users of point-of-care (POC) tests, clinical chemistry and immunoassay laboratory tests, and vaccines. Gains in sales of these types of products are expected to continue at a robust pace. The report examines the effect of retail clinics on each of these three supplier market segments:

• Estimated Supplier Market Revenues to Retail Clinics, 2013 – 2023 (Total Supplier Market Revenue [mil $], % of Total Retail Clinic Revenue)
• POC Supplier Market Revenues to Retail Clinics, 2013 – 2023 (POC Supplier Market Revenues [mil $], $000 POC Sales/Clinic)
• Retail Clinic Point-of-Care Diagnostics Market, 2013 – 2023 (Cholesterol Tests, Diabetes Tests, Strep, Influenza, & Pneumonia Tests, Pregnancy Tests, Other Tests, Total POC Tests) (million $)
• Clinical Chemistry and Immunoassay Supplier Market Revenues to Retail Clinics, 2013 – 2023 (CC and I Supplier Market Revenues [mil $], $000 CC and I Sales/Clinic)
• Retail Clinic Clinical Chemistry and Immunoassay Market, 2013 – 2023 (Tests for Strep, Tests for TB, Other Tests, Total Tests) (million $)
• Vaccines Supplier Market Revenues to Retail Clinics, 2013 – 2023 (Vaccine Supplier Market Revenues [mil $], $000 Vaccine Sales/Clinic)
• Retail Clinic Vaccines Market, 2013 – 2023 (Vaccine for Flu, Vaccine for HPV, Vaccine for MMR, Vaccine for Pneumonia, Vaccine for Td/Tdap/DTap, Other Vaccines, Total Vaccines) (million $)

Retail Clinics 2019 Forecast looks to a future in which retail clinics are expected to see a growing presence in the U.S. healthcare system. The report discusses a number of major opportunities and trends that will be important going forward, including:

• Healthcare Changes Will Continue to Push Consumers to Retail Clinics
• Physician Shortages Increase Demand for Nurse Practitioners
• Emphasis on Public Awareness and Education
• Technological Advances Continue to Improve Retail Clinic Business
• Regulations and Guidelines Continue to Adapt
• Walk-In Clinics and Patient Services Centers Growing
• Affiliations and Partnerships Continue
• Service Offerings Will Continue to Change to Increase Utilization
• Overutilization of Healthcare Concerns
• CVS and Aetna Merger Effect on the Healthcare Industry

Kalorama has produced estimated revenue totals for the leading operators in the retail clinics market. Additionally, the report provides profiles of the leading players in the market, including:

• Advocate Aurora Health
• Bellin Health Systems Incorporated
• Kaiser Permanente Incorporated
• The Little Clinic LLC
• MinuteClinic LLC
• RediClinic
• Walgreens Boots Alliance Incorporated
• Walmart Incorporated

Kalorama Information regularly conducts online consumer surveys at various times throughout the year. The surveys gather responses from approximately 2,000 U.S. adults who are census representative on the primary demographic measures of age, gender, geographic region, and race/ethnicity. Retail Clinics 2019 Forecasts presents data from three such surveys, covering the following topics:

• Frequency of Visits
• Demographics (Gender, Age, Highest Level of Education, Race/Ethnicity, Region [Urban, Suburban or Outer Suburbs, Rural; percent], Household Income)
• Patient Satisfaction
• Visit Details (Number of Visits in Last 12 Months, Purpose for Visit, Health Conditions, Actions Taken, Retail Location)
• Retail Clinics and Primary Care (Regular Doctor?, Seeing Regular Doctor Less?)

A retail clinic is defined by Kalorama as a healthcare clinic that is typically run by a nurse practitioner and located in a retail setting, like a supermarket or drug store. While some groups have a broader definition of retail clinics that includes clinics found in settings outside of a retail store, data in this study are focused on those that fit Kalorama’s definition. Retail clinics are often referred to as convenience clinics or walk-in clinics. However, convenience clinics can also refer to clinics not in a retail setting, which are excluded from the data in this study. Additionally, walk-in clinics can often refer to urgent care centers. To avoid confusion, Kalorama has limited its scope. While other types of clinics may be discussed in the text, they are not included in the market estimates.