The global urgent care centers (UCCs) market has several private
companies operating urgent care chains in the market such as
AFC/Doctors Express, FastMed Urgent Care, MD Now, Concentra Inc.,
CareSpot Express Healthcare LLC, MedExpress, MinuteClinic LLC,
NextCare Urgent Care, Pateint First and U.S. HealthWorks Inc. Also, a
large number of small market players are trying to enter and
establish in the urgent care centers market. This has resulted in a
highly fragmented market for UCCs industry with large number of
urgent care chains accounting for less than 1% of the total market.
Moreover, many private insurance firms are also becoming attracted
towards the UCCs market.
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Urgent care centers provide immediate care services to patients with
minor injuries. The service time and quality of health care services
in a UCC are better than that in an emergency department (ED).
Additionally, the fee per visit paid by a patient, whether with
health insurance or not, in UCCs is much lower than the fee paid in
EDs. These advantages of UCCs over EDs are expected to increase the
number of visits to UCCs, thus driving the growth of the global
urgent care centers (UCCs) market.
Moreover, appointment flexibility provided by UCCs coupled with
reduced waiting time has increased their popularity amongst patients.
A surge in the population of insured people is also driving the
urgent care centers market. The considerably low cost of treatment is
attracting a large pool of insured patients. Furthermore, the growth
of UCCs is backed by many private and public investors, thus
increasing the pace of growth of urgent care centers exponentially.
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Continued shortages in the number of physicians are likely to limit
the growth of the market and it will worsen in the next few years
according to the Urgent Care Association of America (UCAOA) survey
report. This can adversely affect the growth of the UCCs market.
However, the effect of this restraint could be alleviated with
physician assistants and nursing practitioners compensating this
deficiency to some extent.
Another impediment to the growth of the UCCs market is the high
initial cost required for the set-up of the urgent care centers.
Apart from the establishment costs, a large number of patient visits
per week are required to meet the huge operational costs of UCCs.
By geography, the global UGCs market is segmented into Europe, North
America, Asia Pacific, and Rest of the World (RoW). North America,
which was the leading segment by value in 2013, is anticipated to
retain its leadership with a share of 73.6% in 2020. Europe, which
stands second, is expected to lose its share by the end of 2020 due
to lack of interest shown by private investors.
In terms of services, illness is the leading segment by revenue and
is anticipated to remain the largest segment until 2020. However,
screening services represent the fastest growing segment.
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