Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, Increase in incidence of chronic diseases, rising affordability of emergency care, and growing demand for cost-effective treatment for geriatric population are factors likely to drive the U.S. urgent care market during the forecast period.
According to a new report, "U.S. Urgent Care Market Size, Share & Trends Analysis Report By Application (Acute Respiratory Infection, Injuries, Joint/Soft Tissue Issues), By Ownership, And Segment Forecasts, 2018 - 2025", published by Grand View Research, Inc., the U.S. urgent care market size is expected to reach USD 30.6 billion by 2025, exhibiting a 6.2% CAGR during the forecast period. Increase in incidence of chronic diseases, rising affordability of emergency care, and growing demand for cost-effective treatment for geriatric population are factors likely to drive the market during the forecast period.
Key Takeaways from the report:
In U.S., injury is one of the major causes of death among children and is subsequently anticipated to increase demand for urgent care. According to the Centers for Disease Control and Prevention (CDC), in 2016, about 32,074,270 injuries were reported in the country
By application, acute respiratory infection accounted for the largest share in the market in 2017 due to treatment at low cost for infections such as asthma, bronchitis, cough, nausea, and sore throat
The hospital-owned segment, supported by joint ventures with hospitals, accounted for the largest share in the market and is anticipated to maintain its dominance over the forecast period due to easy follow-up with specialists and physicians
Some of the key players are Concentra, Inc.; Urgent Care MSO, LLC; American Family Care; CareNow; City Practice Group of New York; CareSpot; Fast Pace Urgent Care; Centra Care; Physicians Immediate Care; Intermountain Healthcare; Aurora Health Care; Urgent Team; Prohealth; MD Now; Hometown Urgent Care; NextCare Holdings, Inc.; and MedSpring.
The U.S. urgent care market is expected to witness high growth in the coming years due to increasing investments by service providers and growing recognition and need to provide affordable care. In addition, growing medical coverage is anticipated to propel market growth. According to the Patient Protection and Affordable Care (PPAC) Act, 2010, approximately 32 million individuals were insured in U.S.
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Various strategic initiatives such as partnerships, collaborations, mergers and acquisitions are likely to boost the urgent care market. For instance, in June 2018, CityMD acquired STAT Health to expand its services to 100 locations in New York City. This acquisition is expected to help address healthcare challenges and provide coordinated care.
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Hospitals are increasing their interest in UC centers to maintain the balance between emergency and primary care in hospitals. UC centers now possess tools for diagnosis, blood testing, screening, radiology. Companies and the U.S. government, in collaboration with UC centers, organize certain wellness programs for improvement of health status of the nation’s population. Introduction of telemedicine is assisting these centers and enabling comfortable consultation for acute conditions.
Grand View Research has segmented the U.S. urgent care market based on application and ownership:
U.S. Urgent Care Application Outlook (Revenue, USD Million, 2014 - 2025)
Acute respiratory infection
General Symptoms
Injuries
Joint/Soft Tissue Issues
Digestive System Issues
Skin Infections
Urinary Tract Infections
Ear Infections
Sprains, Strains, and Fracture
Influenza Pneumonia
Disease of Respiratory Tract
Others
U.S. Urgent Care Ownership Outlook (Revenue, USD Million, 2014 - 2025)
Hospital
Corporation
Physicians
Others
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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