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The Urgent Care Centers Market Size is estimated to reach $28.7 billion by 2027 and it is poised to grow at a CAGR of 5.9% over the forecast period of 2022-2027. Urgent care centers are healthcare facilities aiding
various forms of healthcare services, allowing the intake of walk-in
patients for purposes such as acute illness treatment, immunizations,
vaccinations and others. The primary role of urgent care centers is to provide immediate care for medical emergencies and injuries, with overall ease to the patient and his/her family. Additionally, the substantiating consumer demand for
affordable health care has provided the market with the necessary impetus.
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Urgent Care Centers Market Drivers
The Surge in the Geriatric Population to Hold a Sizable Share of the World Population:
CDC estimates that around 7 falls to death per hour can be seen in the U.S. by 2030, at a moderate sight. As per World Bank 2021, 10% of the world population is aged 65 and above. The geriatric population across the globe has been rising significantly and currently holds a sizable share of the entire population. Senior populations are more likely to fall sick or suffer from fall injuries amongst many other forms of diseases and conditions.
Growth of Urgent Care Centers across the Field of Medical Services:
The numbers for Urgent Care Centers stood at 6,100 in 2013. The Urgent Care Centers registered a 6-year growth rate of 57% to reach 9,616 in 2019 within the
U.S. Urgent care centers are also increasing their focus on
antibiotic stewardship and expanding access to telemedicine services. Furthermore,
UCC offers shorter wait times than emergency rooms and broader availability
than most of the available primary care providers. Due to these reasons, overall
healthcare costs are reduced. Also, the existing strain on emergency
departments reduces.
Acquisitions and Collaboration
In March 2022, ICV Partners LLC, a leading investment bank
focusing on low-middle-income companies in CPG and Healthcare, acquired Urgent
Care Group with its portfolio. In January 2022, Boston Children’s Hospital and
PM Pediatric started working together to provide premier urgent care for
children and young adults in the Boston area.
The Major Companies in the Market
The Major Companies in the Urgent Care Centers market include Dignity
Health, Select Medical Holdings, United Health Group, Next-Care Holdings, St.
Joseph Health Care London, United Surgical Partners International, City
Practice Group of New York, HCA Healthcare, AEA International Holdings and
Access Clinical Partners.
Over the years, healthcare service providers have expanded their
service offerings in the market with the help of urgent care centers. Patients’
demand for convenient healthcare along with the rise of corporate-owned health
urgent centers would boost the demand, thereby, establishing a strong presence in medical infrastructure.
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