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As per a recent market study published by Transparency Market Research (TMR), the global urgent care centers market will progress at a CAGR of 3.8% between 2014 and 2020. TMR, a market intelligence company based in the U.S., states that the global urgent care centers market will be worth US$30.5 billion by 2020, increasing from US$23.5 billion in 2013. The research report, titled “Urgent Care Centers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, is available on the company website for sale.TMR analysts state that urgent care centers are emerging in the healthcare industry, with urgent care models being set by pioneering leaders to address the ever-increasing demand for cost-effective and convenient healthcare.Owing to the long waiting times for appointments with primary healthcare providers and emergency departments (EDs) and limited access to after-hours care at healthcare centers are some of the main factors propelling the need for UCCs, as concluded by TMR’s research analysts.When it comes to UCCs, most operate seven days a week and remain open late on weeknights. UCCs have adequate healthcare personnel to attend a patient within 15 to 45 minutes on arrival, which is not possible in regular hospitals. This is an advantage that is aiding growth of the UCCs market. For such reasons, UCCs are expected to witness increased demand in coming years.
Browse the full Urgent Care Centers Market (Illness, Injury, Physical, Vaccination, Diagnostic and Screening) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/urgent-care-centers-market.html
Additionally, increasing amount of insured population and expanding coverage for health insurance is expected to increase demand for UCCs in the U.S. Patients that have private coverage are more likely to visit urgent care centers than hospitals or EDs for emergency health care, as pointed out by TMR analysts.Furthermore, the Patient Protection and Affordable Care Act (2010) extended coverage to 32 million new people in 2014, which is an important factor for UCCs to be positioned as the standard for affordable and convenient health care. This would help the UCC market massively.
On account of competition between numerous market players to establish a strong foothold and a dominant market share in the global urgent care industry, the market is expected to be hospitable for new collaborations during the forecast period.Thanks to this ongoing trend, UCCs will replace emergency room services and primary health care providers in the U.S., as pointed by TMR analysts. As a consequence, many private equity firms are in the fray to operate in the UCCs market and capitalize on the high profit margins available in the health care sector.
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The global urgent care centers market is segmented as follows:
Urgent Care Centers Market, by Services
- Illness
- Injury
- Physical
- Vaccination
- Diagnostic
- Screening
Urgent Care Centers Market, by Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
Factors such as limited access to physicians, however, will affect growth of the UCC market adversely in the next few years. As per statistics from the American Association of Medical Colleges, as much as one third of American physicians will retire in the next ten years, which will further restrain growth of the North America, and by consequence global, UCC market.TMR’s report takes into account all these factors and presents a comprehensive view of the market for stakeholders.
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