Categories: Healthcare

Urgent Care Center Market Growth Trajectory Through 2024-2033

The Urgent Care Center Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Urgent Care Center Global Market Report 2024, The urgent care center market size has grown strongly in recent years. It will grow from $24.16 billion in 2023 to $25.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to changing healthcare landscape, rising patient demand for convenient care, cost-efficiency and affordability, increased awareness and education, urbanization and population density, support from healthcare payers..

The urgent care center market size is expected to see strong growth in the next few years. It will grow to $33.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing emphasis on preventive and primary care, technological integration in healthcare services, increased collaboration with traditional healthcare providers, adoption of value-based care models, focus on chronic disease management, population health management initiatives.. Major trends in the forecast period include community outreach and education programs, introduction of retail health clinics, integration of point-of-care testing, emphasis on quality metrics and patient outcomes..

Increasing chronic diseases is expected to propel the demand for the urgent care center market going forward. Chronic disease is ongoing, progresses, and usually gets worse over time if no lifestyle adjustments are undertaken. Alzheimer’s disease, rheumatoid arthritis, Parkinson’s disease, and cancer are all examples of chronic diseases. Chronic diseases require proper health care services and medications, increasing the need for urgent care centers. For instance, according to National Cancer Institute (NCI), a US-based federal government’s principal agency for cancer research and training. In 2020, there were 1,806,590 new cases of cancer were diagnosed in the United States and 606,520 people died from the disease. Also, by 2040, the number of new cancer cases per year is predicted to reach 29.5 million, with 16.4 million cancer-related deaths. By 2030, the number of cancer survivors is expected to reach 22.2 million. Therefore, increasing chronic diseases are driving the growth of the urgent care center market.

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The urgent care center market covered in this report is segmented –

1) By Service: Trauma or Injury Services, Vaccination Services, Acute Illness Treatment Solutions, Other Services

2) By Ownership: Corporate Owned, Hospital Owned, Physician Owned, Other Ownerships

Technological advancements are emerged as a key trend gaining popularity in the urgent care center market. Major companies operating in the urgent care center market are

focused on developing new technologies to sustain their position in the market. For instance, in October 2022, DocGo, a US-based mobile medical services and solutions provider launched a revolutionary Urgent Care mobile app, the DocGo On-Demand. The DocGo On-Demand allows users to book urgent care house calls, making high quality healthcare conveniently accessible. DocGo’s innovative care model combines house calls with telehealth consultations to provide a comprehensive service that can do far more than basic telehealth alone. With both telehealth and house calls, DocGo optimizes for the best modality of care based on each patient’s needs, allowing for high quality care in the most efficient way possible. Through the use of proprietary technology, DocGo is able to provide house calls for about the same cost as a traditional urgent care center visit.

The urgent care center market report table of contents includes: