The retail clinic market is expected to reach a valuation of

NEWARK, Del, Aug. 17, 2022 (GLOBE NEWSWIRE) — The global retail clinic market is expected to grow at a CAGR of 9.6% throughout the projection period from 2022 to 2028, representing a value of 4. US$64 billion currently and is expected to reach a market valuation of US$8.05 billion by the end of 2028.

There is a maximum perceived contribution by the retail clinic market of 37.4% to the global supply chain management industry revenue. The focus on healthcare across the globe is expected to propel the demand for retail healthcare clinics over the next few years.

According to analysis by Future Market Insights, the global retail clinic market is expected to fall 123 basis points (BPS) in the first half of 2022 compared to the first half of 2021. While compared to the projected value of the first half of 2022, the market in the first half-2022 forecast period will show a decline of 40 bps.

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Key points to remember

  • Retail clinics make basic care widely accessible and affordable at the same time, whereby consumer inclination towards adoption of retail clinic services is expected to increase.
  • Accessibility of point-of-care testing and vaccinations is expected to show positive growth prospects during the forecast period 2022-2028.
  • Key developments in the retail clinics market include the use of retail clinics to conduct clinical trials, such as for the COVID-19 vaccine. The market is also subject to stringent regulations and licensing in different geographical regions depending on industry dynamics and macroeconomic factors.
  • There has been a significant shift in healthcare industry trends over the past few years, which has had a positive impact on the retail clinic market. From 2013 to 2021, the retail clinic market grew at a stellar CAGR of 10.4% to reach US$4.18 billion in 2021.
  • Due to the increased prevalence of several diseases, accelerating geriatric population, growing emphasis on health care, growing burden on other conventional health care facilities, and accelerating health spending and expenses as well that the growing popularity of retail clinics are some major factors that govern the potential of the retail clinics market. .

Competitive landscape

Access Health, AMA, AtlantiCare, Aurora Quick Care, Care Today, CVS, MedDirect, My Healthy Access, Now Medical Centers, PFS, RediClinic, Target Clinic Medical Associates, Walmart, Walgreens Boots Alliance, Wellness Express, Kroger, Target Brands Inc. are some of the major companies profiled in the full version of the report.

Mergers and acquisitions are expected to be an important trend as market competition increases and retail healthcare clinic providers invest to expand their presence in the market. Retail clinic providers are focused on expanding their reach by establishing new advanced retail care clinics with the latest technology.

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More insights into the retail clinics market

According to IMF analysis, the potential growth of the retail clinic market is anticipated in regions such as North America, Latin America, Europe, East Asia, South Asia South and the Pacific, as well as the Middle East and Africa (MEA).

The North American region is expected to have a positive outlook during the forecast period to 2028 and is expected to account for the maximum market share. The North American region also incorporates the major market players that promote the market potential at a different level.

Around the world, the United States is known for its well-established healthcare infrastructure, making it a lucrative market for retail clinics throughout the projection period. The popularity of retail clinics in the United States is skyrocketing due to their cost-effective and convenient approach to healthcare.

The focus on healthcare in developing countries like India has increased significantly over a period, which has been a big demand in retail healthcare clinics in the country. Due to rising per capita income in India, it is expected to play a positive role for growing demand from retail clinics till 2028.

Rising inclination towards healthcare awareness and resolute government initiatives are expected to be significant trends in India during the forecast period for the retail clinic industry. Beneficial opportunities are predicted in East Asia, South Asia and the Pacific regions during the forecast. Growing attention to healthcare, rising healthcare expenditures and supportive government initiatives are expected to drive demand for retail hospitals in these regions.

Key segments of Retail Clinic Industry Survey

Retail Clinics Market by Application:

  • Retail clinics for point-of-care diagnostics
  • Retail clinics for clinical chemistry and immunoassays
  • Retail clinics for vaccinations
  • Others

Retail Clinics Market by Distribution Channel:

  • Retail clinics in retail pharmacies
  • Retail clinics in pharmacies
  • Retail clinics in grocery chains and big box stores

Retail Clinics Market by Property Type:

  • Hospital-owned retail clinics
  • Retailer-Owned Clinics

Retail Clinics Market by Region:

  • North America Retail Clinics Market
  • Retail Clinics Market in Latin America
  • Retail clinic market in Europe
  • East Asia Retail Clinic Market
  • Retail Clinics Market in South Asia and the Pacific
  • Middle East and Africa (MEA) Retail Clinics Market

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Contents

1. Summary

1.1. Market overview

1.2. Market analysis

1.3. Market trends

1.4. MFI analysis and recommendations

2. Presentation of the market

2.1. Market overview

2.2. Market definition

2.3. Market Taxonomy

3. Key Market Trends

3.1. Supply side market trends

3.2. Market trends on the demand side

4. Retail Clinics Market Analysis

4.1. Opportunity analysis

4.2. Macroeconomic factors

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About Us  

Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 6 years.

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