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.
Browse
full report by Grand View Research:
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.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/healthcare-it
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
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/us-retail-clinics-market-analysis
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.
For more information: http://www.grandviewresearch.com
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