Global Urgent Care Center Market Report 2024: Size, Drivers, And Top Segments
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How is the Urgent Care Center Market Expected to Expand from 2024 to 2033?
The market size for urgent care centers has seen robust growth in past years. It is set to expand from $24.16 billion in 2023 to $25.57 billion in 2024, with a compound annual growth rate (CAGR) of 5.8%. The historic growth can be credited to transformations in healthcare systems, increased demand from patients for accessible care, improved cost-effectiveness and affordability, as well as enhanced knowledge and education, urbanization and population density, and backing from healthcare payers.
The market size of urgent care centers is predicted to experience notable expansion in the upcoming years. It’s projected to climb to $33.22 billion by 2028, with a compound annual growth rate (CAGR) of 6.8%. This growth for the forecast period can be correlated to the increasing focus on preventive and primary healthcare, advancements in healthcare tech integrations, rising partnerships with traditional healthcare providers, the adoption of value-based care, concentration on chronic disease management, and initiatives for managing the health of the population. Key trends during the forecast period comprise of community education and outreach programs, the emergence of retail health clinics, incorporation of point-of-care diagnostics, and putting emphasis on quality metrics and patient outcomes.
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What Influences Are Propelling the urgent care center Market Forward?
The rising occurrence of chronic diseases is anticipated to boost the need for the urgent care center market in the future. Health issues like Alzheimer’s disease, rheumatoid arthritis, Parkinson’s disease, and cancer are chronic in nature, characterised by their progressive nature and tendency to worsen over time without adequate lifestyle changes. These chronic conditions necessitate adequate health care services and medication, thereby escalating the demand for urgent care centers. In 2020, for example, the National Cancer Institute (NCI), the leading US federal government agency for cancer research and training, recorded 1,806,590 new cancer cases. Additionally, 606,520 individuals succumbed to the disease. It is estimated that by 2040, the annual number of new cancer cases will soar to 29.5 million, accompanied by 16.4 million cancer deaths. The number of cancer survivors is projected to hit 22.2 million by 2030. Consequently, the soaring chronic disease cases are fueling the expansion of the urgent care center market.
What Are the Essential Segments of the Urgent Care Center Market?
The urgent care center market covered in this report 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
What Trends Are Coming to the Forefront in the Urgent Care Center Market?
Innovations in technology have been identified as a growing trend in the urgent care center market. Major players in this market are striving to create new technological solutions to maintain their competitive edge. For example, in October 2022, DocGo, a company specializing in mobile medical services and solutions based in the US, introduced an innovative mobile app for urgent care. The groundbreaking application, named DocGo On-Demand, allows users to set up house calls for urgent care, making high-quality healthcare easily accessible. The unique care model employed by DocGo merges home visits with telemedicine consultations to deliver a complete service that goes beyond the capabilities of standard telehealth. By leveraging both telehealth and home visits, DocGo tailors the most effective mode of care based on individual patient needs, ensuring superior care is delivered in the most efficient manner. Thanks to its exclusive technology, DocGo offers home visits at approximately the same price as a traditional visit to an urgent care center.
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What Regions Are Leading the Charge in the Urgent Care Center Market?
North America was the largest region in the urgent care center market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the urgent care center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Urgent Care Center Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the urgent care center market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Urgent Care Center Market Include
1. Urgent Care Center Market Executive Summary
2. Urgent Care Center Market Segments
3. Urgent Care Center Market Size And Template Market Growth Rate
4. Key Urgent Care Center Market Trends
5. Major Urgent Care Center Market Drivers
……
25. Key Mergers And Acquisitions In The Urgent Care Center Market
26. Top Urgent Care Center Companies
27. Urgent Care Center Market Opportunities And Strategies
28. Urgent Care Center Market, Conclusions And Recommendations
29. Appendix
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