Cost Efficiency to Boost Urgent Care Centers Market to US$30.5 bn by 2020: Transparency Market Research

Albany, NY, Feb. 05, 2016 (GLOBE NEWSWIRE) -- According to the report, the global urgent care centers market stood at US$23.5 bn in 2013. Expanding at a CAGR of 3.80% during the period from 2014 to 2020, it is projected to reach US$30.5 bn by the end of the forecast period.

The rise in the healthcare spending expenditure along with increasing geriatric population in particular has boosted the demand for cost-effective and convenient medical care worldwide. The urgent care model is designed to provide convenient access to quality, cost-effective healthcare services to general public around the world. The Urgent Care Association of America defines urgent care centers (UCCs) as medical care centers that provide health care services on a walk-in basis for illnesses or injuries that are not life threatening and are beyond the scope of traditional primary care or retail clinics. Majority of urgent care centers provide services for moderate illnesses, injuries and trauma, occupational medicine, routine vaccinations, physicals, lab tests, screening and monitoring. 

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The research report states that the cost-efficiency of these urgent care centers is the key reason for their exceptional growth in the global arena. In the research report, the global urgent care centers market is analyzed on the basis of the services provided by urgent care centers and its regional distribution. Vaccination, screening, monitoring, diagnostics, and services provided for illness, physical injuries, and trauma are the major segments of the global urgent care centers market based on services. 

The market for illness services holds the majority share in the global market for urgent care centers market in terms of revenue. The injury services segment occupies the second position in the overall market, states the market study.On the regional front, the global urgent care centers market is spread across North America, Europe, Asia Pacific, and the Rest of the World. North America dominates the global urgent care centers market and is closely followed by Europe. Analysts at TMR project the urgent care centers market in North America to retain its position over the forecast period, owing to the high uptake of urgent care centers for non-emergency conditions in this region. 

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The urgent care centers market in Asia Pacific is also showing sturdy growth in its market value. The major markets for urgent care centers in this region are China, India, Australia, Japan, and New Zealand. Mexico, Brazil, South Africa, Turkey, Israel, and the UAE are the major markets for urgent care centers in the Rest of the World, notes the market study. 

Major Key Players: 

Company profiles of major market players have also been provided in this report in order to map the competitive landscape prevailing in the global urgent care centers market. Apart from this, it also provides the existing market hierarchy. AFC/Doctors Express, Concentra Inc., CareSpot Express Healthcare LLC, FastMed Urgent Care, MedExpress, MD Now, MinuteClinic LLC, Patient First, NextCare, and U.S. HealthWorks Inc. are some of the key participants mentioned in this research report. 

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The global urgent care centers market is segmented into:

By Services

  • Illness
  • Injury
  • Physical
  • Vaccination
  • Diagnostic
  • Screening

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW) 

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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