Retail Clinics Market Size & Share, by Location (Malls, Retail Stores); Ownership (Hospitals, Retail); Application (Clinical Chemistry & Immunoassay, Point-of-Care Diagnostics, Vaccinations) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4411
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Retail Clinics Market size is expected to reach USD 8 Billion by the end of 2033, growing at a CAGR of 14% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of retail clinics was around USD 4 Billion. the growth of the market is primarily ascribed to the increasing role of retail clinics by providing convenience in treating minor illness, preventive health screenings, and a good alternative for expensive emergency care for minor health conditions. For instance, up to 21% of visits to emergency rooms for non-emergencies are estimated to be preventable if they were made at retail clinics or urgent care centers, that result in yearly cost savings of up to USD 4 billion.

Since the start of pandemic to the post pandemic period, the burden on other conventional healthcare institutions has increased a lot. In such scenario, the role of retail clinics has emerged as a boon and more advantageous to deal with those health issues which are easy to diagnose and treat. According to the World Health Organization (WHO), In Africa region, there are only about two medical doctors for every 10,000 people, while there are only ten nurses and midwives for every 10,000 people. Furthermore, nearly 18 million more healthcare workers are required in low and lower-middle income nations.


Retail Clinics Market
Get more information on this report: Request Free Sample PDF

Retail Clinics Sector: Growth Drivers and Challenges

Growth Drivers

  • Increase in Strep Throat Cases - Strep throat is a bacterial infection that leads to throat swelling and pain. The bacteria in group A Streptococcus end up causing this common condition. Children and adults of all ages get strep throat. However, it is especially common among children aged 5 to 15. Therefore, increasing cases of strep throat is one of the leading factors for the growth of retail clinics market. For instance, every year, approximately 610 million people globally contract strep throat, with many of them are children.
  • Global Upsurge in Urinary Tract Infection - Globally, there are anticipated to be 152 million UTI infection cases annually, costing more than USD 6.5 billion in direct medical expenses.
  • Staggering Increase in COVID-19 Detection Tests - Austria had conducted the most COVID-19 tests per 1 million population among the countries which are most seriously affected by the pandemic as of September 12, 2022. Whereas, the United States has administered nearly over 1 billion COVID-19 tests in total.
  • Rise in Urbanization – As per the World Bank, currently, more than 50% of the world's population resides in cities. The number of people living in urban areas is estimated to rise more than double to 6 billion by 2045.
  • Escalation of Retail Clinics for Immunization – According to the Centers for Disease Control and Prevention, more than 266.5 million doses of the COVID-19 vaccine had been given and recorded by Federal Retail Pharmacy Program participants in the US as of September 15, 2022. This comprises are the 8 million doses given on-site to long-term care facilities. With more than 41,000 sites nationwide, the program has a total of 21 retail pharmacy partners.

Challenges

  • Insufficient Infrastructure for Retail Clinics – In the developing nations, owing to the slow rate of development and less GDP growth, insufficient amount of expense is spent on infrastructure for retail clinics. This trend is expected to pose as a challenge to market growth.
  • Inadequacy of Provision for Treating Complex Diseases
  • Stringent Governmental Regulations

Retail Clinics Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~14%

Base Year Market Size (2022)

~ USD 4 Billion

Forecast Year Market Size (2033)

~ USD 8 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Retail Clinics Segmentation

Application (Clinical Chemistry & Immunoassay, Point-of-Care Diagnostics, Vaccinations)

The global retail clinics market is segmented and analyzed for demand and supply by application into clinical chemistry & immunoassay, point-of-care diagnostics, vaccinations, and others. Out of these, the point-of-care diagnostics segment is estimated to garner the largest market size over the forecast period owing to the worldwide growing prevalence of various lifestyle disorders such as obesity, diabetes, hypertension, and other disorders. For instance, as per research, the total number of diabetes patients is estimated to upsurge to 641 million by 2030 and 786 million by 2045.

Our in-depth analysis of the global market includes the following segments:

        By Location

  • Malls
  • Retail Stores
  • Others

        By Ownership

  • Hospitals
  • Retail
  • Others

        By Application

  • Clinical Chemistry & Immunoassay
  • Point-of-Care Diagnostics
  • Vaccinations
  • Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Retail Clinics Industry - Regional Synopsis

The North America retail clinics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033, backed by the existence of key retail clinic providers, growing geriatric population, increasing prevalence of sinusitis infections, and sufficient insurance coverage provided by these retail clinics in the region. According to the Centers for Disease Control and Prevention, till 2022, the number of adults diagnosed with sinusitis in the United States have risen to 28.9 million.

Research Nester
Retail Clinics Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Retail Clinics Landscape

top-features-companies
    • The Kroger Co.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • CVS Health Corporation
    • Walmart Inc.
    • Walgreen Co.
    • Bellin Health
    • Concentra, Inc.
    • MedExpress
    • Advocate Health Care
    • Kaiser Foundation Health Plan, Inc.
    • Nextcare Claims Management LLC

In-the-news

In The News

  • CVS Health Corporation is ready to acquire Signify Health for USD 30.50 per share in cash, denoting a total transaction value of nearly USD 8 billion.

  • Walmart Inc. expands across North and Central Florida with the opening of its five new health centers, with a variety of health services including primary care, labs, X-ray and EKG, behavioral health and counseling, dental, optical, and hearing services.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 4411
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increase in strep throat cases, global upsurge in urinary tract infection, staggering increase in covid-19 detection tests, and rise in urbanization are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2023-2033.

Insufficient infrastructure for retail clinics, inadequacy of provision for treating complex diseases, and stringent governmental regulations are estimated to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are The Kroger Co., CVS Health Corporation, Walmart Inc., Walgreen Co., Bellin Health, Concentra, Inc., MedExpress, Advocate Health Care, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by location, ownership, application, and by region.

The point-of-care diagnostics segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Retail Clinics Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying