We value your privacy and strive to enhance your experience. By continuing to browse our site, you agree to our use of cookies to offer you tailored content and seamless services.
Learn more
U.S. Retail Clinics Market Revenue to Attain USD 7.82 Bn by 2033
08 Nov 2024
Share :
U.S. Retail Clinics Market Revenue and Trends
The U.S. retail clinics market size is estimated at USD 3.86 billion in 2024 and is predicted to attain around USD 7.82 billion by 2033, growing at a CAGR of 8.15% from 2024 to 2033. The rising geriatric population in the country causes the demand for more general diagnosis and monitoring of the illness, boosting the growth of the U.S. retail clinics market.
Market Overview
The rapid expansion of the healthcare industry and continuous demand for healthcare facilities are driving the growth of the U.S. retail clinics market. Retail clinics are generally located near supermarkets, retail stores, pharmacies, and others. These are the walk-in, convenient, and accessible healthcare clinics that provide faster, affordable, and more accessible minor health diagnoses. The retail clinics provide treatment for minor illnesses, physicals, vaccinations, and preventive care. The retail clinics are staffed with specialized and trained nursing facilities and practitioners.
Report Highlights of the U.S. Retail Clinics Market
By ownership, the retail-owned segment will dominate the market in 2023. The rising investment in retail clinics by the leading retailers in the United States boosts the accessibility to healthcare facilities by its consumers. The rising awareness among the population about retail clinics is accelerating the growth of the market.
By ownership, the hospital-owned segment is expecting significant growth in the market during the forecast period. The rising number of hospital-owned retail clinics for gaining or attracting more patients towards the major hospitals and the preference of people towards the hospital brand’s retail clinics are driving the growth of the segment.
By application, the point-of-care segment led the global market in 2023. Point-of-care centers provide essential treatment for patients.
By distribution channel, the drug stores segment registered its dominance over the market in 2023. The rising prevalence of vaccination and non-emergent disease treatment, as well as other prevention and monitoring of disease.
By distribution channel, the retail pharmacies segment will witness significant growth in the market during the forecast period. This can be attributed to the increasing expenditure and overall health concerns.
U.S. Retail Clinics Market Trends
Rising healthcare infrastructure: The increasing investment in the healthcare infrastructure and the demand for advanced and efficient healthcare technologies for the health management of the population are anticipated to drive the growth of the market.
Increasing demand for the affordable healthcare system: The rising demand for affordable, easily accessible, and convenient healthcare facilities with all the necessities available for effective health diagnosis and treatment drives the demand for retail clinics.
Urbanization and busy lifestyle: The rapidly growing urbanization in the country, changing lifestyle habits, busy lifestyle, and growing need for healthcare facilities with the availability of trained professionals who provide effective and faster diagnosis.
Rising geriatric population: The increasing geriatric population in the regional areas, which are more prone to get affected by age-related diseases such as high blood pressure, diabetes, asthma, and others that need regular check-ups and monitoring, positively influences the growth of the U.S. retail clinics market.
Government intervention: The increasing government intervention in the growth of the healthcare infrastructure is accelerating the advancement in healthcare facilities, and the launch of the latest medicines and healthcare devices is accelerating the growth of the market.
Regional Insights
The United States is experiencing exponential growth in the healthcare infrastructure, which drives several advancements and the launch of new products, medicines, and treatment procedures that collectively drive the growth of the market in the region. The rising technological advancement in the healthcare infrastructure and the rising prevalence of chronic disease in the population and the geriatric population cause the need for regular diagnosis and treatment of disease. Further, there is increasing demand for healthcare facilities that provide vaccination, blood testing, and other non-emergent treatments.
U.S. Retail Clinics Market Coverage
Report Attribute
Report Attribute
Market Revenue in 2024
USD 3.86 Billion
Market Revenue by 2033
USD 7.82 Billion
CAGR
8.15% from 2024 to 2033
Quantitative Units
Revenue in USD million/billion, Volume in units
Base Year
2023
U.S. Retail Clinics Market News
In July 2024, Yale New Haven Health System (YNHHS) and Yale Medicine (YM) launched InMOTION, the first mobile retail pharmacy and clinic in the country to bring healthcare to people.
Segments Covered in the Report
By Ownership
Retail-Owned Retail Clinics
Hospital-Owned Retail Clinics
By Application
Point-Of-Care Diagnostics
Clinical Chemistry and Immunoassays
Vaccinations
Others
By Distribution Channel
Retail Pharmacy Settings
Drug Stores
Grocery Chains and Big Box Stores
Get this report to explore global market size, share, CAGR and trends, featuring detailed segmental analysis and an insightful competitive landscape overview@ https://www.precedenceresearch.com/checkout/5192
You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 804 441 9344
