The global Retail Clinics Market is expected to grow at a 9.6% CAGR from 2022 to 2028, with a current market valuation of US$ 4.64 billion and a projected market valuation of US$ 8.05 billion by the end of 2028.
The retail clinics market has a maximum revenue contribution of 37.4% to the global supply chain management industry. The growing emphasis on healthcare around the world is expected to drive demand for retail health clinics in the coming years.
According to Future Market Insights, the global retail clinics market is expected to decline by 123 Basis Point Share (BPS) in H1-2022 versus H1-2021. In comparison to the projected value for H1-2022, the market will fall by 40 basis points during the forecast period.
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Key Takeaways
- Retail clinics are making basic care widely accessible and affordable at the same time due to which the consumer’s inclination towards adoption of retail clinic services is anticipated to rise.
- The accessibility of point-of-care testing and vaccinations is expected to present a positive growth outlook over the forecast period of 2022-2028.
- The key developments in the retail clinics market include the utilization of retail clinics to conduct clinical trials, such as for the COVID-19 vaccine. The market is also subjected to strict regulations and licensing across different geographical regions, as per the industry dynamics and macroeconomic factors.
- There has been a significant shift in trends in the healthcare industry over the past few years which has positively impacted the market for retail clinics. From 2013 to 2021, the market for retail clinics rose at a stellar CAGR of 10.4%US$ 4.18 Bn in 2021.
- Owing to the increased prevalence of multiple diseases, accelerating geriatric population, rising focus on healthcare, growing burden on other conventional healthcare institutions, and accelerating healthcare expenditure and spending along with growing popularity of retail clinics are some major factors that govern the retail clinics market potential.
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Competitive Landscape
- Access Health
- AMA
- AtlantiCare
- Aurora Quick Care
- Care Today
- CVS
- MedDirect
- My Healthy Access
- Now Medical Centers
- PFS
- RediClinic
- Target Clinic Medical Associates
- Walmart
- Walgreens Boots Alliance
- Wellness Express
- Kroger
- Target Brands Inc.
Mergers and acquisitions are expected to be a prominent trend as competition in the market increases and retail health clinic providers invest to expand their market presence. Retail clinic providers are focusing on expanding their scope by establishing new and advanced retail care clinics with the latest technologies.
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Key Segments Of Retail Clinics Industry Survey
Retail Clinics Market by Application:
- Retail Clinics for Point-of-Care Diagnostics
- Retail Clinics for Clinical Chemistry & Immunoassays
- Retail Clinics for Vaccinations
- Others
Retail Clinics Market by Distribution Channel:
- Retail Clinics in Retail Pharmacy Settings
- Retail Clinics in Drug Stores
- Retail Clinics in Grocery Chains & Big Box Stores
Retail Clinics Market by Ownership Type:
- Hospital-owned Retail Clinics
- Retail-owned Retail Clinics
About Future Market Insights (FMI)
Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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