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In-store Health Clinics Market to Grow at a CAGR of 13.6% During the Forecast Period 2020-2025

In-store Health Clinics Market size in 2019 is estimated to be $8.3 billion, growing at a CAGR of 13.6% during the forecast period 2020-2025. In store Health Clinics are a category of walk in clinics, which are located in supermarkets, retail stores, and pharmacies. These health clinics provide medical care to patients with minor uncomplicated illness and provide preventive medical care services. Increasing incidence of urinary tract infection in women and growing adoption rate for affordable and convenient in-store health clinics are the major factors driving the growth of the market. Moreover, rising disposable income and advancement of R&D activities further enhance the overall market demand for In-store health clinics during the forecast period 2020-2025.

In store Health Clinics Market Segment Analysis – By Services

Based on the Services, In-store Health Clinics Market is segmented into Treatment for Illness, Diagnostic Services, Immunization, Lab Tests, Physical Examination, Physiotherapy, and Others. The treatment for illness segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 12.5% during the forecast period 2020-2025. This is mainly owing to health clinics provide medical care to patients with minor uncomplicated illness such as cough, cold etc. and people are preferring more in health clinics as it provides proper and quick services thereby contributing to the growth of this segment.

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In store Health Clinics Market Segment Analysis – By Location

Based on the Location, In Store Health Clinics Market is segmented into Retail Stores, Supermarkets, Pharmacies. In 2019, Retail Stores held the largest share in the In-store Health Clinics Market. Health clinics are mostly located in retail stores as retail clinics are a convenient way for patients to visit a walk-in healthcare clinic. Moreover, most retail clinics are staffed by nurses, nurse practitioners, and physician’s assistants that helps the patients with majority of issues and are contributing to the growth of this segment.

In store Health Clinics Market Segment Analysis – Geography

North America dominated the market accounting for 40% of the In store Health Clinics Market share in 2019. This is mainly owing to high level of awareness and increased adoption of retail clinics. Also, the high incidence of urinary tract infection among women of this region also further contribute to the dominance of this region. However, the Asia Pacific region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to increasing disposable income and rising adoption rate for retail clinics.

In store Health Clinics Market Drivers

Increasing Incidence of Urinary Tract Infection

In store health clinics are most suitable for people with simple and acute health conditions such as urinary tract infection and respiratory complications. Women suffering from urinary tract infection mostly prefer retail health clinics owing to their willingness to maintain confidentiality of their disease condition which is increasing the growth of in store health clinics market.

Growing Adoption rate for Affordable and Convenient In store Health Clinics

The growing adoption rate for affordable and convenient in store health clinics is increasing with the rise in chronic diseases. Now a days in-store health clinics are also managing chronic medical conditions such as high cholesterol, hypertension and asthma which are contributing to the growth of In-store Health Clinics Market.

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In Store Health Clinics Market Challenges

Limited service offerings of in store health clinics are poised to challenge the growth of the market. Moreover, some patients also are uncertain of the quality of care that is being provided by in-store health clinics, further restraining its market growth.

In store Health Clinics Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the In Store Health Clinics Market. In store Health Clinics top 10 companies are AFC Doctors Express, Concentra Inc., Doctors Care, FastMed Urgent care, MinuteClinic (CVS), NEXtCARE, Physicians Urgent Care, Target Brands Inc., The Little Clinic, U.S. HealthWorks Inc., Urgent Care MSO LLC, Walgreen Co.

Acquisitions/Product Launches:

On March 2018, Concentra acquired U.S. HealthWorks in order to develop more services to patients.

Key Takeaways

In 2019, North America dominates the In-store Health Clinics Market owing to increased awareness and adoption rate of retail clinics and high incidence of urinary tract infection in women.

Increasing incidence of urinary tract infection in women and growing adoption rate for affordable and convenient in-store health clinics is driving the market growth of in store health clinics.

Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the In store Health Clinics Market report.

Limited services of in store health clinics are challenging the growth of the market.

Related Reports :

A. Urinary Tract Infections Market

https://www.industryarc.com/Report/17001/urinary-tract-infections-market.html

B. Home Healthcare Market

https://www.industryarc.com/Report/102/home-healthcare-products-services-equipment-market.html

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