The Report U.S. Retail Clinics Market Analysis By Ownership Type (Retail-Owned,
Hospital-Owned), Competitive Landscape, And Segment Forecasts, 2018 – 2025
The U.S. retail clinics market is
expected to reach USD 7.3 billion by 2025, growing at CAGR of 20.3%, according
to a new report by Grand View Research, Inc. Convenient access and affordable
prices are expected to boost growth of the U.S. retail clinics market.
These
settings act as an alternate channel for provision of primary care and offer
basic healthcare services at affordable prices, lowering the need to visit the
Emergency Department. Around 10% of the visits to the emergency departments in
the U.S. could be treated outside of the ED. This reduces the out-of-pocket
costs paid for the visit to an ED.
These
settings usually operate during all seven days of a week. In addition, they
have shorter waiting duration and appointments are not mandatory. Convenience
and flexibility of visit hours help people easily access clinics that are
located in grocery stores, shopping malls, and other locations.
In
addition, adoption of information technology, highlighted by the use of EHRs
helps these settings maintain a streamlined patient record that can be shared
across different healthcare systems. This patient data could also be used to
implement population health management strategies, for better patient outcomes,
which could ease the U.S. healthcare’s transformation into a value-based care
model from a fee-for-service (FFS) model.
Access Research Report of U.S. Retail Clinics Market @ www.grandviewresearch.com/industry-analysis/us-retail-clinics-market
Further Key Findings
From the Report Suggest:
· Retail clinics employ a business model that involves
provision of healthcare services at affordable prices for treatment and other
supplementary services.
· These settings have gained prominence in the U.S. with a
lucrative growth rate. There is a steady rise in their number & visits per
year. They are also expected to curb the issue of rising cost of healthcare
services and extend the primary care continuum by providing affordable care
· These settings in the U.S. mostly operate in large
metropolitan areas in the Southern and Midwestern parts of the region
· Some of the major players in the market comprise CVS
Health (MinuteClinic), Walgreens (Healthcare Clinic), Walmart (The Clinic at
Walmart, Care Clinic), Bellin Health (FastCare), Rediclinic (Rite Aid), Kroger
(The Little Clinic), Aurora Health Care (QuickCare Clinic)
· CVS Health (MinuteClinic) is one of the largest and
fastest-growing retail clinics. In 2016, CVS acquired Target, and integrated
& rebranded the clinics inside Target stores. As of January 2017,
MinuteClinic was present across 1,105 locations.
Grand View Research has segmented the U.S. retail clinics
market on the basis of ownership type:
Ownership Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Retail-Owned
·
Hospital-Owned
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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