U.S. Retail Clinics Market

U.S. Retail Clinics Market Size, Share, Growth Analysis, By Service(Acute Respiratory Infections, Sore Throat, Conjunctivitis, Urinary Tract Infections), By Ownership(Retailer-owned Operators, Independent Operators & Hospital-owned Operators), By Channel(Retail Pharmacies, Groceries/Retail Stores, Others), By Region - Industry Forecast 2025-2032


Report ID: SQMIC45F2142 | Region: Country | Published Date: April, 2024
Pages: 242 | Tables: 93 | Figures: 76

U.S. Retail Clinics Market Dynamics

U.S. Retail Clinics Market Driver

  • Growing Healthcare Spending Will Increase Demand for Retail Health Clinics

Due to the sharp rise in chronic disease cases, attention has been given to healthcare. The need for improving healthcare infrastructure is crucial, particularly in emerging nations where per capita disposable income is rising.

  • Increasing the Delivery of Vaccines in Retail Care Clinics

Retail clinics are essential in vaccination delivery programmes all over the world, and this is anticipated to increase the market potential for those clinics within the anticipated time frame. Retail medical clinics are in high-traffic areas, making them an appealing setting to administer immunizations in an efficient and timely manner.

  • Key Companies' Expansion Initiatives to Open New Facilities in the U.S. to Fuel Market Growth

Over the course of the projected period, it is anticipated that rising initiatives would result in the opening of new walk-in healthcare facilities.

Greater accessibility to the patient population, which results in a higher number of patients visiting these settings, is one benefit of these expansion activities.

Additionally, because many institutions are centred in the Midwestern and Southern U.S., these expansion plans may provide access to the underprivileged areas of the country.

For instance, CVS Health declared intentions to launch 1,500 HealthHUBs by the end of 2021 in June 2019. The company is on schedule to establish new HealthHUBs, with 850 of them expected to be completed by the middle of 2021.

Furthermore, Walmart announced the expansion of its in-store health clinics with new locations to be opened in Chicago, Georgia, and Florida, according to a Fierce Healthcare story from September 2020.

U.S. Retail Clinics Market Restraint

  • Lack of Treatment Options for Complex Diseases Could Limit Market Growth.

Despite the urgent and growing demand for these clinics, one of the major barriers to U.S. retail clinics market is the absence of treatment options for complex disorders. The lack of advanced medical technology in these clinics to treat complex disorders may lower service acceptance rates despite rising demand for chronic disease care in the U.S. The market expansion is anticipated to be hampered by a lack of resources, such as medical equipment and experience, to treat severe chronic illnesses, as this results in fewer patient visits.

Additionally, there are predictions that a lot of senior people would visit these facilities more frequently for medical care as the U.S. observes trends of an ageing population. Even straightforward disease diagnoses, such urinary tract infections (UTIs), call for more thorough testing in older individuals. Therefore, such complicated medical operations are not appropriate for these facilities. The lengthy wait times that patients encounter for routine checks in these institutions are another factor that inhibits the market expansion.

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U.S. Retail Clinics Market size was valued at USD 3.49 billion in 2019 and is poised to grow from USD 2.05 billion in 2023 to USD 4.22 billion by 2031, growing at a CAGR of 10.8% in the forecast period (2024-2031).

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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U.S. Retail Clinics Market

Report ID: SQMIC45F2142

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