Retail Clinics Market by Application (Vaccination, Point-Of-Care and Clinical Chemistry & Immunoassay), Operator (Pharmacies/Big Box Retailers, Hospital Operated and Private Owners), Location (Retail Store, Drugstore Chain and Standalone Drugstore) - Analysis & Forecast 2019-2030
Report ID : 117 | Published Date : Jan 2020 | Pages : 220 | Region : Global | Report Code : HC-OTH-1
Retail Clinics Market Overview and Introduction
Global Retail Clinics Market is estimated to be over US$ 2500 Million in 2018. It is anticipated to grow at a 18.3% CAGR from 2019 to 2030.
Retail clinics are walk-up medical providers which are an additional channel to primary care. These clinics are staffed with nurse practitioners or physician assistants. Patients visit retail clinics for vaccines, minor illnesses and injuries. These clinics are a convenient alternative to physician offices and hospital emergency departments as they offer benefits such as easier access to medical care. Retail clinics are located in grocery stores, malls, drug stores and retail chain stores. Retail clinics help in treating minor illnesses like colds, pinkeye, urinary tract infections, completing physicals (including lab work and screenings), vaccinations and even help in smoking cessation.
The retail clinics market is driven by ease of access as these clinics are located in grocery stores, shopping malls and drug stores. Moreover, visits to retail clinics are less expensive as compared to physician offices or emergency departments. Shorter waiting time, flexible visiting hours and no mandate of prior appointments are some of the pivotal factors fueling the growth of the retail clinics market. Retail clinics are considered as secondary choice by many patients. This trend is expected to curb the growth of the market to certain extent.
Retail Clinics Market by Application
On the basis of application, the retail clinics market is segmented into vaccination, point-of-care, clinical chemistry & immunoassay, and other applications. The point-of-care segment is estimated to account for the largest share in the retail clinics market. The large share of this segment can be attributed to the rising prevalence of lifestyle diseases such as diabetes, obesity, hypertension and other diseases.
Retail Clinics Market by Operator
On the basis of operator, the market is segmented into pharmacies/big box retailers, hospital operated and private owners. In terms of market share, the segment of pharmacies/big box retailers is estimated to account for the largest market share, owing to the presence of prominent players such as Walmart stores that are one-stop shop and have deep-rooted presence in many locations. Similarly, in terms of location, the retail clinics market is segmented into retail stores, drugstore chains and standalone drugstores. The drugstore segment holds the largest market share owing to factors such presence of prominent players such as CVS Pharmacy that have stores at multiple locations and hence are easily accessible to people.
Retail Clinics Market by Location and Region
The retail clinics market is segmented into North America, Europe, and Rest of World (ROW). North America dominated the market of retail clinics, followed by Europe. North America is expected to continue to dominate the retail clinics market in the forecast period due to growing preference of convenience care in the region.
Retail Clinics Market Prominent Players
The prominent players in the retail clinics market are Aurora Health Care, RediClinic, The Kroger Co., CVS Pharmacy, Walgreens Boots Alliance, Inc., Bellin Health, NEXtCARE, HEALTHCARE WORKS, INC. Urgent Care MSO, LLC, among others.