Two weeks ago, we told you visits to urgent care centers were expected to approach 177 million visits this year. Now we learn those visits are fueling economic growth that will carry the urgent care market’s value to $30.5 billion by the end of 2020, according to Transparency Market Research (TMR), a global market intelligence company.
TMR says urgent care’s typically lower cost vs the emergency room and growing number of locations make it an easy choice for patients seeking same-day care. On the business side, the company attributes urgent care’s growth to a combination of greater buy-in by hospital systems and an influx of new money from private equity betting on “a gold rush” in the years to come.
Urgent Care on Track to Top $30 Billion by 2020