
Report ID: SQMIC45F2142
Report ID:
SQMIC45F2142 |
Region:
Country |
Published Date: January, 2025
Pages:
242
|Tables:
93
|Figures:
76
U.S. Retail Clinics Market size was valued at USD 2.2 billion in 2023 and is poised to grow from USD 2.44 billion in 2024 to USD 5.67 billion by 2032, growing at a CAGR of 11.1% during the forecast period (2025-2032).
A retail clinic is a specific kind of walk-in healthcare facility found in grocery shops, pharmacies, and retail stores. These clinics offer services for preventative healthcare as well as the treatment of minor ailments. There were many worries about the quality of care provided in these healthcare facilities when these clinics were initially created in the U.S. in 2019. These worries were quickly disproved, however, when it was established that the care received in American retail clinics was of higher quality. Additionally, prompt medical intervention with better patient outcomes is made available to more patients at a lesser cost, which is anticipated to drive market expansion over the course of the projection period. Additionally, during the past 20 years, a steadily growing patient population has been going to clinics for a variety of medical needs. This has increased the need for these facilities, which can deliver high-quality medical treatment and improve patient outcomes. As a result, a wider range of the population now has easier access to healthcare. For instance, Geisinger Health declared plans to build a new ConvenientCare+ facility on its South Wilkes-Barre site in May 2021. These retail clinics now have access to additional resources including lab and imaging services.
These clinics have become more and more popular due to the epidemic, which has prompted large firms like CVS, Walgreens, and Walmart to increase their market share. During the projection period for the U.S. retail clinics market, it is anticipated that the industry will continue to expand significantly due to increasing public awareness of the advantages offered by these institutions (located in handy places, providing affordable care) during the pandemic.
Additionally, the pandemic's expanding initiatives to limit patient visits to hospitals raised the need for retail clinics in 2019. For instance, virtually accessible office visits made it easier for patients to get vaccines and testing through on-site clinics. Consequently, the aforementioned elements greatly aided market expansion in 2019, thereby reflecting a positive COVID-19 impact on the U.S. industry.
US Retail Clinics Market is poised to grow at a sustainable CAGR for the next forecast year.
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U.S. Retail Clinics Market is segmented by Service Type, Ownership, and Channel. Based on Service Type, the market is segmented into Acute Respiratory Infections, Sore Throat, Conjunctivitis, Urinary Tract Infections, Immunization, Screening Services and Others. Based on Ownership, the market is segmented into Retailer-owned Operators, Independent Operators and Hospital-owned Operators. Based on Channel, the market is segmented into Retail Pharmacies, Groceries/Retail Stores and Others.
Acute respiratory infections, sore throats, conjunctivitis, urinary tract infections, immunisation, screening services, and others are among the service types that make up the U.S. retail clinics market segments. The immunisation category, which accounted for the highest share in 2021, is expected to rise significantly throughout the projection period. These facilities are a well-liked location for acquiring vaccination for contagious respiratory disorders like the flu.
For instance, CVS Health reports that it delivered approximately 20 million non-COVID-19 immunizations in 2020, which is more than twice as many as it administered influenza vaccinations in 2019. The sore throat market category accounted for a sizeable portion of the market in 2021 and is anticipated to grow at a modest CAGR during the forecasted period.
The significant volume of patient visits to these facilities, the simplicity of accessing immediate medical assistance, and the comparably cheaper cost of care all contribute to the market. For example, a study conducted by Xtelligent Healthcare Media, LLC in August 2018 found that approximately 30% of all clinic visits were for sore throat or acute sinusitis symptoms. During the projected period, the dependence of patients on these facilities for minor ailments is anticipated to boost to the segment's growth.
In terms of ownership, the retailer-owned operators segment accounted for a sizeable portion of the U.S. retail clinics market in 2021 and is predicted to increase profitably throughout the projected period. The U.S. has a significant number of these institutions run by retailer-owned operators, and this, together with a robust market expansion drive, is likely to support the segment's expansion. Additionally, in 2019 an estimated 48% of retail clinic visits in the US were made by merchants like CVS. Because there aren't as many of these institutions controlled by hospitals, the hospital-owned operators' category is anticipated to have a lower share in the U.S. retail clinics market.
However, recent changes, such as the outsourcing of these institutions' operations to hospital-based operators by retail chains like Walgreens, are anticipated to contribute to the segment's growth in the future.
According to channel, the retail pharmacies sector dominated the U.S. retail clinics market in 2021. The high volume of patient visits to walk-in health facilities located inside the retail pharmacies of businesses like CVS Health and Walgreens Boots Alliance, Inc. is responsible for the segment's dominance. In the future, it is also anticipated that the expansion of services provided by walk-in clinics, such as telemedicine, would help to the growth of this market.
During the projected period, the grocery/retail shops section is anticipated to be the second-dominant segment in the U.S. retail clinics market. The operation of a sizable number of these clinics by chains like Walmart Care Clinic and Kroger's The Little Clinic in important U.S. states like Ohio, Kentucky, and Texas is anticipated to aid in the segment's expansion.
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US retail clinics market is estimated to have a positive outlook over the forecast period and to hold a sizeable market share by 2028. Growth can be ascribed to the region's increasing number of retail care clinics as well as the presence of major retail clinic providers like CVS Healthcare and Walgreens. The U.S. is predicted to drive the demand for retail health clinics in this area.
During the projected period, the grocery/retail shops section is anticipated to be the second-dominant segment. The operation of a sizable number of these clinics by chains like Walmart Care Clinic and Kroger's The Little Clinic in important U.S. states like Ohio, Kentucky, and Texas is anticipated to aid in the segment's expansion.
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Growing Healthcare Spending Will Increase Demand for Retail Health Clinics
Increasing the Delivery of Vaccines in Retail Care Clinics
Key Companies' Expansion Initiatives to Open New Facilities in the U.S. to Fuel Market Growth
Lack of Treatment Options for Complex Diseases Could Limit Market Growth.
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The US market has a consolidated competitive environment. Walgreens, Kroger, and CVS are the major companies operating in the United States. In the US, CVS has a monopoly on U.S. retail clinics market. The number of sites the company operates in the U.S. and the variety of services the company's clinics offer are what give it market supremacy. Its services portfolio for diagnostics, women's health, and common ailments is extensive. With more than 1,000 retail clinics, CVS has a strong position in the market thanks to its growth and adaptation of new trends. Another significant player in the sector is Walgreens. The organisation offers a wide range of services across the United States and has solid relationships with insurance providers. Additionally, Kroger is seen as a significant participant, in part because of its extensive network of grocery and retail stores across many locations in the U.S.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our U.S. Retail Clinics Market Analysis, growing healthcare spending, increasing the delivery of vaccines in retail care clinics, key companies' expansion initiatives to open new facilities in the U.S. are some major factors driving the growth of the U.S. Retail Clinics market.
Report Metric | Details |
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Market size value in 2023 | USD 2.2 billion |
Market size value in 2032 | USD 5.67 billion |
Growth Rate | 11.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the U.S. Retail Clinics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the U.S. Retail Clinics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the U.S. Retail Clinics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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U.S. Retail Clinics Market size was valued at USD 2.05 Billion in 2023 and is poised to grow from USD 2.27 Billion in 2024 to USD 4.68 Billion by 2032, growing at a CAGR of 10.8% during the forecast period (2025-2032).
The US market has a consolidated competitive environment. Walgreens, Kroger, and CVS are the major companies operating in the United States. In the US, CVS has a monopoly on U.S. retail clinics market. The number of sites the company operates in the U.S. and the variety of services the company's clinics offer are what give it market supremacy. Its services portfolio for diagnostics, women's health, and common ailments is extensive. With more than 1,000 retail clinics, CVS has a strong position in the market thanks to its growth and adaptation of new trends. Another significant player in the sector is Walgreens. The organisation offers a wide range of services across the United States and has solid relationships with insurance providers. Additionally, Kroger is seen as a significant participant, in part because of its extensive network of grocery and retail stores across many locations in the U.S. 'CVS Health', 'Walgreens Boots Alliance', 'Walmart Inc.', 'Kroger Health', 'Rite Aid Corporation', 'Target Corporation', 'The Little Clinic (Kroger subsidiary)', 'RediClinic (Rite Aid subsidiary)', 'Urgent Care Centers of America', 'NextCare Holdings Inc.', 'FastMed Urgent Care', 'American Family Care', 'Concentra Inc.', 'CareSpot Express Healthcare', 'MedExpress Urgent Care', 'CityMD', 'MinuteClinic (CVS subsidiary)', 'WellNow Urgent Care', 'GoHealth Urgent Care', 'NEXtCARE Health Ventures Inc.'
Growing Healthcare Spending Will Increase Demand for Retail Health Clinics
Increased Focus on Telemedicine Services Development to Expand the Market
US retail clinics market is estimated to have a positive outlook over the forecast period and to hold a sizeable market share by 2028. Growth can be ascribed to the region's increasing number of retail care clinics as well as the presence of major retail clinic providers like CVS Healthcare and Walgreens. The U.S. is predicted to drive the demand for retail health clinics in this area.
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