Retail Clinics Market is projected to experience a CAGR of 4.64% throughout the forecast period

The retail clinics market is expected to grow at a CAGR of 4.64% during the forecast period.

NOIDA, UTTAR PARDESH, INDIA, November 14, 2023 /EINPresswire.com/ — According to a new study published by Knowledge Sourcing Intelligence, the retail clinics market is projected to grow at a CAGR of 4.64% between 2021 and 2028.

The key driving force behind the rapid growth of the retail clinic market is the increasing demand for convenient and cost-effective healthcare solutions and the growing emphasis on preventive care. For instance, according to the National Cancer Institute (NCI), screening mammography has demonstrated a reduction in breast cancer-related deaths among women aged 40 to 74, particularly within the 50 to 69 age group. Additionally, various screening tests such as colonoscopy and sigmoidoscopy have shown a decreased risk of mortality associated with colorectal cancer.

Retail clinics refer to the healthcare facilities that provide basic medical services and treatments to patients in a retail setting, such as pharmacies, grocery stores, or other retail locations. Retail clinics often cater to patients seeking immediate, non-emergency medical care without the need for an appointment, providing a cost-effective and time-saving alternative to traditional healthcare settings. It offers various healthcare services, including immunoassay, vaccination programs, point of care diagnostic, and other medical applications, catering to the diverse healthcare needs of its customers.

The market is noticing numerous product launches and advancements. For instance, in October 2023, Rite Aid a full-service pharmacy, launched After Work Wednesday clinic at select stores, enabling families to easily access immunizations for flu, COVID-19, RSV, and other viruses. This walk-in clinic grants families the flexibility to conveniently receive routine immunizations, with the event scheduled from 5 to 9 p.m. on Wednesday, Nov. 1, at specific locations. Rite Aid pharmacists have the capability to administer immunizations to adults and children aged three and above. The After Work Wednesday immunizations cover routine vaccinations that are essential for safeguarding against specific diseases, some of which are necessary for particular age groups, activities, or international travel. Also, in March 2023, in an expansion move, Walmart revealed plans to introduce 28 new Walmart Health center locations in 2024, extending its reach to Missouri and Arizona and strengthening its presence in Texas. By the conclusion of 2024, Walmart aims to establish over 75 Walmart Health centers throughout the United States.

Access sample report or view details: https://www.knowledge-sourcing.com/report/retail-clinics-market

The retail clinics market, based on ownership, is segmented into three main categories namely retail, hospital, and others.

The retail clinics market, based on its application, is divided into four segments, which include clinical chemistry and immunoassay, vaccination, point of care diagnostics, and others.

The retail clinics market, based on its end user, is segmented into four main categories namely store, mall, hospitals, and others.

North America is poised to experience substantial growth owing to the increasing demand for convenient and affordable healthcare in the region, increasing emphasis on preventive care coupled with the ageing population in countries like the United States and Canada. For instance, according to the United States Census Bureau, the population of individuals aged 65 and over in the United States increased almost five times faster than the total population between 1920 and 2020, with this older demographic comprising 55.8 million people or 16.8% of the entire U.S. population in 2020.

The research includes coverage of Walgreen Co., Walmart Inc., Rite Aid Corp., NextCare, Bellin Health Systems, Sutter Health, The Kroger Co., CVS Health, MedExpress, Concentra, Inc. as the significant market players in the retail clinics market.

The market analytics report segments the retail clinics market using the following criteria:

• By Ownership

o Retail

o Hospital

o Others

• By Application

o Clinical Chemistry and Immunoassay

o Vaccination

o Point Of Care Diagnostics

o Others

• By End Users

o Store

o Mall

o Hospitals

o Others

• By Geography

o North America

• United States

• Canada

• Mexico

o South America

• Brazil

• Argentina

• Others

o Europe

• Germany

• France

• United Kingdom

• Spain

• Others

o Middle East and Africa (MEA)

• Saudi Arabia

• UAE

• Israel

• Others

o Asia Pacific

• China

• India

• South Korea

• Thailand

• Indonesia

• Japan

• Others

Companies Profiled:

• Walgreen Co.

• Walmart Inc.

• Rite Aid Corp.

• NextCare

• Bellin Health Systems

• Sutter Health

• The Kroger Co.

• CVS Health

• MedExpress

• Concentra, Inc.

Explore More Reports:

• Point Of Care Diagnostic Market: https://www.knowledge-sourcing.com/report/point-of-care-diagnostic-market

• Global Pet Vaccine Market: https://www.knowledge-sourcing.com/report/global-pet-vaccine-market

• Global Immunoassay Market: https://www.knowledge-sourcing.com/report/global-immunoassay-market

Ankit Mishra
Knowledge Sourcing Intelligence LLP
+1 850-250-1698
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