Urgent Care Center Market by Service Type (Medical Services, Specialty Services, Telemedicine Services), Ownership Type (Hospital-Owned Urgent Care Centers, Independent Urgent Care Centers), End-User (Individuals, Employers), & Region for 2024-2031

Urgent Care Center Market Valuation - 2024-2031

Increasing demand for accessible healthcare services is being driven by a rising emphasis on convenience and immediate care, significantly influencing the market size of the urgent care center sector. According to the analyst from Verified Market Research, the Urgent Care Center Market is estimated to reach a valuation of USD 36.64 Billion By 2031 over the forecast subjugating around USD 22.93 Billion valued in 2024.

The rapid expansion of the urgent care center market is primarily driven by the increasing prevalence of chronic diseases, which is resulting in a growing need for prompt and efficient medical services. It enables the market to grow at a CAGR of 6.03% from 2024 to 2031.

Urgent Care Center Market: Definition/ Overview

Urgent Care Centers are medical facilities designed to provide immediate care for non-life-threatening conditions, serving as a bridge between primary care and emergency services. These centers are typically staffed by a variety of healthcare professionals, including physicians, nurse practitioners, and physician assistants, and are equipped to handle a wide range of medical issues, such as minor injuries, infections, and illnesses.

Increasing demand for convenient healthcare access is being fueled by the rising number of patients seeking timely medical attention without the need for an emergency room visit. Additionally, growing awareness of the benefits offered by urgent care centers, including extended hours of operation and reduced waiting times, is contributing to their widespread acceptance and expansion in the healthcare landscape.

How is the Rising Demand for Immediate Healthcare Services Influencing the Growth of the Urgent Care Center Market?

The growth of the urgent care center market is being significantly influenced by the rising demand for immediate healthcare services. Patients are increasingly seeking alternatives to traditional primary care and emergency rooms, resulting in a shift toward more accessible healthcare options. Emergency Department visits cost an average of $1,389, while similar treatments at urgent care centers average $165, representing an 88% cost reduction. This trend is being fueled by a growing awareness of the benefits of urgent care centers, which offer extended hours and shorter wait times for treatment.

As a result, these facilities are being utilized more frequently for conditions that require prompt attention but are not life-threatening. The convenience provided by urgent care centers is being recognized as a key factor in attracting a larger patient base, thereby contributing to market expansion.

What Impact is the Increasing Competition from Alternative Healthcare Providers having on the Urgent Care Center Market?

The increasing competition from alternative healthcare providers is being perceived as a significant restraint on the urgent care center market. Retail clinics, telemedicine services, and direct primary care models are being adopted by patients seeking affordable and accessible healthcare solutions.

The shift in consumer preferences is leading to a saturation of the healthcare market, which is putting pressure on urgent care centers to differentiate their services. In response to this competitive landscape, innovative strategies and service offerings are being implemented by urgent care centers to retain and attract patients. The growing presence of these alternative providers is necessitating a reevaluation of service delivery models within the urgent care sector, ultimately affecting market dynamics.

Category-Wise Acumens

What are the Dominating Factors Contributing to the Growth of Telemedicine Services within the Urgent Care Center Market?

According to VMR analyst, the growth of telemedicine services within the urgent care center market is being driven by several dominating factors. Increased consumer acceptance of virtual consultations has been fostered by the COVID-19 pandemic, leading to a surge in demand for remote healthcare options. Convenience and accessibility are being prioritized by patients, resulting in a preference for telemedicine services over traditional in-person visits.

Additionally, advancements in technology are being utilized to enhance the quality of telehealth consultations, which has contributed to their growing popularity. As a result, a substantial increase in the adoption of telemedicine services is being observed, thereby positively impacting the overall growth of the urgent care center market.

What Trends are being Observed in the Rise of Hospital-Owned Urgent Care Centers Compared to Independent Urgent Care Centers?

According to VMR analyst, the rise of hospital-owned urgent care centers compared to independent urgent care centers is being influenced by various trends. The consolidation of healthcare services is being driven by hospitals seeking to expand their service offerings and capture a larger share of the urgent care market. As a result, hospital-owned urgent care centers are being established to provide integrated care that aligns with existing hospital services.

The ability to leverage hospital resources and expertise is being recognized as a significant advantage, which enhances the quality of care provided. Consequently, a rapid growth trend in hospital-owned urgent care centers is being observed, reflecting a shift in the competitive landscape of the urgent care center market.

Country/Region-wise Acumens

What Factors are Contributing to the Rapid Growth of the Urgent Care Center Market in North America?

The rapid growth of the urgent care center market in North America is being driven by several key factors. An increasing emphasis on convenient healthcare access is being observed among consumers, leading to a higher preference for urgent care centers over traditional emergency departments.

The rapid growth of the urgent care center market in North America is being driven by the anticipated increase in the U.S. population aged 65 and older, which is expected to reach 95 million by 2060, creating a higher demand for accessible healthcare services tailored to the needs of older adults.

The rising prevalence of chronic illnesses is contributing to the growing need for immediate and accessible healthcare services. Furthermore, the expansion of insurance coverage and changes in healthcare policies are facilitating the use of urgent care centers, allowing more patients to seek care without significant financial barriers. Consequently, North America is being recognized as a dominant region in the urgent care center market, reflecting its robust growth trajectory.

How is the Increasing Demand for Urgent Care Centers being Influenced by the Expanding Healthcare Infrastructure in the Asia Pacific Region?

According to VMR analyst, the increasing demand for urgent care centers in the Asia Pacific region is being significantly influenced by the expanding healthcare infrastructure. Investments in healthcare facilities and services are being made by both public and private sectors, leading to improved access to medical care.

Rapid urbanization is contributing to a growing population that requires immediate healthcare solutions, further driving the establishment of urgent care centers. According to Asian Development Bank, the urban population in Asia Pacific is expected to increase to 3.4 billion by 2050, representing 77% of the region's total population.

The rising awareness of the benefits offered by these centers, such as reduced wait times and extended hours of operation, is also enhancing their attractiveness among consumers. As a result, a strong growth trend is being witnessed in the urgent care center market across the Asia Pacific region, positioning it as a rapidly growing segment within the global landscape.

Competitive Landscape

The Urgent Care Center Market's competitive landscape is characterized by a varied range of companies, including technology developers, plant operators, and service providers, all striving for market share in an increasingly dynamic and growing industry.

Some of the prominent players operating in the urgent care center market include:

American Family Care

CareNow Urgent Care

CityMD

GoHealth Urgent Care

Concentra

FastMed Urgent Care

MD Now Urgent Care

MedExpress Urgent Care

Next Care Urgent Care

Urgent Care MSO

Latest Developments

In April 2024, Talkiatry, a leading provider of high-quality, in-network psychiatric care, announced a referral partnership with HCA Healthcare-owned physician clinics and urgent care centers. Primary and urgent care professionals in HCA Healthcare's network can now simply refer patients to one of Talkiatry's 300+ full-time, board-certified psychiatrists when HCA Healthcare or community services are at capacity. Talkiatry complements HCA Healthcare's existing behavioral health footprint and can see patients within days of scheduling an appointment.

Urgent Care Center Market, By Category

• Service Type:
• Medical Services
• Specialty Services
• Telemedicine Services
• Ownership Type:
• Hospital-Owned Urgent Care Centers
• Independent Urgent Care Centers
• End-User:
• Individuals
• Employers
• Region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa