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The Global Retail Clinics in Store Healthcare Market is estimated to exhibit a CAGR of 22.64 % during the forecast period.
Retail healthcare clinics are convenient walk-in healthcare clinics. Convenient care clinics are another name for these clinics. These clinics strive to provide people with healthcare services in a convenient location. As a result, they are usually found inside a retail store, such as a supermarket. A retail-based healthcare clinic’s offerings differ depending on its location and the caliber of its employees. The main advantage of these clinics is that no appointment is required to receive medical treatment. Patients’ treatment decisions are influenced by convenient and preventative health tests, including blood pressure, cholesterol, diabetes and skin cancer analyses. It can also treat various acute health issues, including flu, ear infection, sinus infection, urinary tract infection, ringworm, and more. Retail clinics are typically found in shopping malls, shopping plazas, and businesses. These clinics are frequently open in the evenings and on weekends, making it easier for working people to receive treatment. The increased popularity of these institutions during the epidemic has prompted large firms such as CVS, Walgreens, and Walmart to increase their market presence. With increasing public awareness of the benefits given by these institutions (located in handy locations, delivering affordable care) during the pandemic, the market is likely to develop significantly over the forecast period.
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List of Prominent Players in the Retail Clinics in Store Healthcare Market:
Access Health
AMA
Geisinger
Care Today
CVS
MedDirect
My Healthy Access
Now Medical Centers
The Little Clinic
Walgreens Boots Alliance
Wellness Express
Kroger
Rite Aid
Doctors Care
Clear Balance
NEXtCARE
Target Brands Inc.
U.S. HealthWorks, Inc.
Market Dynamics:
Drivers-
The retail clinic market has been rising with the convenience of receiving treatment. The industry has expanded due to the approval of the Joint Commission Gold Seal, which serves as a sign of high-quality healthcare services. The expansion of retail clinics has cleared the door for more conventional treatments, diagnostics, and immunizations, particularly for people who are travelling, as they may readily obtain medical treatment without an appointment. Various factors like the rise of retail clinics that provide care at lower costs, easy accessibility, and flexibility with short wait times. The retail clinic market has expanded due to increased competition. Retail clinics offer medical laboratory tests and diagnoses, treatments, medications, and immunizations. With the increased need for healthcare services, retail clinics are in high demand because they offer a cost-effective and convenient option to receive treatment. In addition, issues such as doctor shortages increased healthcare costs, and large corporations engaging in retail clinics present prospects for market expansion.
Challenges:
Factors limiting the market’s growth potential include single treatment for small or simple infections, insufficient infrastructure, and a preference for treatment in retail clinics. The general population’s unwillingness to seek treatment at retail clinics in emerging countries is one of the primary factors expected to hinder the growth of the global retail clinics market during the forecast period.
Regional Trends:
In the forecast period, North America will have the most significant share of the retail clinics market, owing to the preference for retail clinics as a highly efficient and cost-effective market. The retail clinics market in North America is expected to develop due to an increasing emphasis on preventative care, which aims to reduce direct and indirect inpatient expenses associated with disease treatment, wait time, and active government assistance. The cheaper cost of retail services compared to an emergency department also contributes to the market’s growth. Furthermore, the industry is expected to expand due to reasons such as low pricing, ease, comfort, accessibility, and the ability to extend healthcare services. The market share of US retail clinics’ in-store healthcare is predicted to rise significantly in the following years because of the presence of advanced technologies, a massive base of technologically savvy population, and increasing usage of electronic medical records.
Recent Developments:
In October 2021, AkosMD Healthcare, a famous health-tech company, announced the launch of an automated and interactive retail clinic in New Delhi, India. The clinic offers doctors, and healthcare providers integrated telemedicine services.
In July 2021, Amazon stated that it is expanding its retail clinics business by opening walk-in clinics near its fulfilment hubs. This initiative will be carried out as part of the Neighborhood Health Center Pilot Program. According to the announcement, the first clinic will be located near the company’s fulfilment hub in Dallas, Texas.
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Segmentation of Retail Clinics in Store Healthcare Market-
By Type
By Distribution Channel
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
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