Urgent Care Centers Market Trends

Growth Drivers

Increasing Demand for Convenient Healthcare Services: Patients today are looking for healthcare services that are convenient and accessible. Urgent care centers are able to provide these services by offering extended hours, walk-in appointments, and a variety of services under one roof. According to a survey, nearly half of urgent care center visits occur outside of regular business hours, and over 60% of patients wait 15 minutes or less to be seen by a provider.
Cost-Effectiveness: Urgent care centers are generally more cost-effective than emergency departments for the treatment of minor illnesses and injuries. It was noted that the average cost of a visit to an urgent care center is nearly USD 150-USD 200, while the average cost of an emergency department visit is nearly USD 1,233.
Technological Advancements: Advances in technology have made it easier for urgent care centers to provide high-quality care to patients. For instance, many centers now offer telemedicine services, allowing patients to consult with a provider remotely.

Challenges

Staffing Shortages: Urgent care centers require a variety of healthcare professionals to operate, including physicians, nurse practitioners, and medical assistants. However, there is currently a shortage of healthcare workers in many areas, making it difficult for urgent care centers to staff their facilities adequately.
High competition in the market
Reimbursement issues

Urgent Care Centers Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~8.30%
Base Year Market Size (2022)	~ USD 26 Billion
Forecast Year Market Size (2035)	~ USD 67 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

Increasing demand for convenient healthcare services and rise in research spending are the major factors driving the market growth.

The market size of urgent care centers is anticipated to attain a CAGR of 8.30% over the forecast period, i.e., 2023-2035.

The major players in the market are CityMD, CareNow Urgent Care, FastMed Urgent Care, U.S. HealthWorks Medical Group, GoHealth Urgent Care, MD Now, and others.

The market is segmented by ownership, services, and by region.

The hospital segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The high competition in the market is estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Urgent Care Centers Market Trends