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

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

An urgent care center (UCC), usually referred to as an urgent treatment center, is a specific kind of walk-in clinic that provides urgent ambulatory care outside of a hospital's typical emergency department (ED). The majority of injuries and diseases that need immediate attention but aren't severe enough to visit the ED are treated in urgent care facilities. The rising incidence of sports related injuries, backpain, skin ailments and seasonal sickness like cold and flu are among the major factors driving the market for urgent care centers. 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.

The Urgent Care Center Market is expected to grow at a steady rate of around 4.5% owing to the increasing insured population. Major companies in the market offer various strategies and launches of services for urgent care centers. For instance, in November 2020, Texas Health Recourses launched Texas Health Breeze Urgent Care, which provides personalized care at affordable pricing.

• Based on medical service, the market is segmented into acute illness treatment, trauma/injury treatment, physical examinations, immunizations & vaccination, and others. The trauma/Injury treatment is expected to grow with a significant CAGR during the forecast period. The rise in major and minor injuries due to accidents that require immediate care is expected to drive the urgent care centers market. For instance, as per the US Department of Veteran Affairs, about 6 of every 10 men (or 60%) and 5 of every 10 women (or 50%) experience at least one trauma in their lives. Moreover, men are more likely to experience accidents, physical assault, combat, disaster, or to witness death or injury.
• On the basis of ownership, the market is categorized into corporate-owned, physician-owned, hospital-owned, and others. Among these, the corporate-owned held a significant share of the market in 2021 due to the presence of leading investors including private equity firms companies and insurers. By hiring nurse practitioners and medical assistants, negotiating with vendors and suppliers, and outsourcing technological services, these businesses are pursuing initiatives to lower operational expenses drive the segment. As a result, they are able to provide uniform and reasonable services throughout the urgent care centers (UCCs).
• For a better understanding of the market adoption of the urgent care center industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The major factors such as the increasing healthcare expenditure and the rise in demand for emergency care centers due to the rise in the geriatric population in the region. For instance, the per capita healthcare expenditure of India accounted for USD 60.5 in 2016 which rose to reach USD 63.75 in 2019.
• Some of the major players operating in the market include Concentra, Inc.; MedExpress; NextCare; TH Medical; FastMed Urgent Care; Ascension; Summit Health; WellNow Urgent Care; American Family Care; GoHealth Urgent Care.