New Research Sees Urgent Care Market Hitting $26 Billion by 2024

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.