Projections on the ongoing—and increasing—growth of the urgent care market continue to build, with the latest data predicting it to exceed $26 billion by 2024 at a compound annual growth rate (CAGR) of 23% in that 6-year period. Market Research Engine’s latest report, Urgent Care Center Market By Ownership (Corporate Owned, Physician Owned, Hospital Owned); By Services (Illness, Injury, Physical, Vaccination, Diagnostic, Screening) and by Regional Analysis—Global Forecast by 2017–2024, breaks down the industry by ownership structure (corporate-owned, physician-owned, and hospital-owned); services offered (illness, injury, physical exams, vaccination, diagnostics, and screenings); and global regions. Not surprisingly, it confirms the driving factors include affordable care with shorter wait times; strategic alliances with suppliers and hospitals; and the overall increasing geriatric population. In addition, it identifies “opportunity factors” such as specialty urgent care centers and integration of new information and patient engagement technologies.
New Research Sees Urgent Care Market Hitting $26 Billion by 2024