Global Urgent Care Center Market Size (2024 - 2029)

Urgent Care Center Market Analysis

The Global Urgent Care Center Market size is estimated at USD 26.80 billion in 2024, and is expected to reach USD 34.01 billion by 2029, growing at a CAGR of 4.88% during the forecast period (2024-2029).

The outbreak of COVID-19 had been critical, as there had been a significant increase in the number of patients suffering from COVID-19, which is associated with respiratory diseases. The initiatives taken by urgent care for the development of COVID-19 treatment and contribution to the research may be expected to lead to a positive impact on the growth of the market. For instance, in September 2021, Houston urgent care organizations to conduct COVID-19 monoclonal antibody research and return to work safety programs, Next Level Urgent Medical LLC has launched clinical trials on a new study of a potential orally administered, pill-based therapy for COVID-19 infection. Thus, Covid-19 had a significant impact on the growth of the urgent care center market over time.

The factors such as the growing burden of chronic diseases and the geriatric population coupled with the rising number of hospitals entering the urgent care market largely bolster the growth of the market. For instance, According to the British Heart Foundation Global Factsheet published in January 2022, around 550 million people are living with heart and circulatory diseases across the world, and this number has been rising due to changing lifestyles, an aging, and growing population, and improved survival rates from heart attacks and strokes and will continue to rise if these trends continue. It is estimated that globally there are around 290 million women (53%) and 260 million men living with heart and circulatory diseases. Such a high burden of circulatory and heart diseases increases changes of heart failure and strokes and thus drives the growth of the market during the forecast period.

Furthermore, in October 2021, Valiant Clinic & Hospital set up a walk-in urgent care center available 24/7 to its patients seeking convenient access to immediate treatment for sudden ailments and injuries that simply cannot wait for an appointment. It is situated at the heart of Dubai's City Walk, Valiant's Urgent Care Centre is a dedicated unit that caters to the needs of its visitors, especially for the residential communities close to its location. Such an increasing number of urgent care establishments by the hospitals are also boosting the growth of the segment.

Thus, owing to the abovementioned factors, the urgent care center market is expected to have a positive growth over the forecast period. However, stringent regulatory infrastructure and a lack of skilled professionals may hamper the growth of the market.

Urgent Care Center Industry Segmentation

As per the scope of the report, urgent care centers are medical care facilities that offer healthcare services on a walk-in non-appointment basis for acute illnesses or injuries that are not life-threatening. The Urgent Care Center Market is segmented by Service (Trauma/Injury Services, Vaccination Services, Acute Illness Treatment Services, Diagnostic Services, and Other Services), Ownership (Corporate Owned, Hospital Owned, and Physician Owned), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the abovementioned segments.