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Retail Clinics Market Size, Share and Global Trend By Location (Departmental Stores, Shopping Malls, Retail Stores, Others) By Ownership (Standalone, Hospital-owned, Investor-owned, Others), By Mode of Payment (Insurance, Out-of-Pocket) and Geography Forecast till 2026

Region : Global | Report ID: FBI101111 | Status : Ongoing

 

KEY MARKET INSIGHTS

Retail clinics have emerged as a significant cost-effective innovation in delivering acute and preventive care to the patients. Retail clinics are those clinics which deliver preliminary healthcare services in retail stores, supermarkets, and departmental stores. The retail clinic consists of a registration desk, a restroom, a waiting area, one or two exam rooms, and one small reception desk.


Along with the treatment of injuries and illness such as sore throat, allergies, fever, cough, cold, flu, and infections, retail clinics offer pre-diagnostic services such as blood sample collection, health screenings, physical exams, vaccinations, and other preventive care measures. The retail clinics also referred to as convenient care clinics have proved to be an essential tool in providing dramatical relief to overcrowded hospitals and emergency centers in the current healthcare scenario.


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Certain advantages of retail clinics over other healthcare facilities such as less waiting time, easy accessibility, and comparatively lower costs are expected to boost the demand for global retail clinics market during the forecast period. According to the Healthcare Information and Management Systems Society, currently, 2,000 retail clinics are operating in the U.S. alone.


The growth in retail clinics is significant, and an estimated 40.0% rise in a number of retail clinics in projected in 2018. Also improved accessibility of healthcare for the geriatric population, rising prevalence of communicable diseases, and increasing burden on conventional clinics are significant factors for the growth of global retail clinics market.


However, reluctance amongst general population for treatment in retail clinics, along with inadequate infrastructure for retail clinics in the emerging countries are some of the major factors that are projected to restrain the growth of the global retail clinics market during the forecast period.


Key Players Covered


Some of the major companies that are present in the global retail clinics market are Bellin Health Systems, Walgreen Co., CVS Health, NextCare, Rite Aid Corp, The Kroger Co., RediClinic, Kaiser Foundation Health Plan, Inc., Shopko Stores Operating Co., LLC, Geisinger Health, Sutter Health, and others. 


SEGMENTATION


























SEGMENTATION



 DETAILS



By Location



· Departmental Stores


· Shopping Malls


· Retail Stores


· Others



By Ownership



· Standalone


· Hospital-owned


· Investor-owned


· Others



By Mode of Payment



· Insurance


· Out-of-Pocket



By Geography



· North America (USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico and Rest of Latin America)


· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



 


Based on the mode of payment, the insurance segment is anticipated to have remarkable growth in the global retail clinics market during the forecast period owing to the improving coverage and reimbursement policies, expanding coverage of public health insurance and active government support in ensuring affordable and accessible healthcare to all.


Key Insights



  • Number of retail clinics in key countries

  • The regulatory scenario for key countries

  • Reimbursement Scenario for key countries

  • Recent industry developments such as partnerships, mergers, and acquisitions


Regional Analysis


North America is expected to dominate the global retail clinics market over the forecast period owing to the increasing number of retail clinics, increased preference for retail clinics mainly due to convenience and cost-effectiveness, and improving insurance coverage for retail clinics. The retail clinics market in Europe is projected to expand due to the growing emphasis on preventive care aiming at the reduction of direct and indirect hospitalization costs associated with the treatment of diseases, reduction in waiting time, and active government support. Asia Pacific is expected to report a remarkable growth in the global retail clinics market owing to the increasing population, increased efforts to reduce the burden on hospitals, and increasing emphasis on outpatient care.


Key Industry Developments



  • In February 2019, Norton Healthcare Inc. opened 8 retail clinics in Walgreens stores across Southern Indiana and Louisville.

  • August 2018, The Little Clinic, a subsidiary of The Kroger Co., received the Joint Commission’s Gold Seal of Approval for Retail Health Care, for the quality of care provided by the company. 

  • In June 2017, Walgreens announced strategic partnership with LabCrop. Based on the terms of agreement, specimen collection sites of LabCrop will be opened inside Walgreens retail stores.


Retail Clinics Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

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