Recent research: Retail Clinics Market to witness steady growth at ~10.4% CAGR by 2028

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Retail Clinics Market

• February 2020

Report Id REP-AS-9254 Published On
March-2019 Category Healthcare, Pharmaceuticals
Medical Devices
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Retail Clinics Market Analysis

• Retail Clinics Market to Register Steadfast CAGR
  of 10.4 in Terms of Value Over Forecast Period,
  2018 2028
• VALLEY COTTAGE, N.Y. ,(GLOBE NEWSWIRE) --
  According to the latest research by Future Market
  Insights (FMI), the global retail clinics
  market value will exceed US 8 billion towards
  the end of 2028, reflecting a robust CAGR of more
  than 10 during 2018-2028. The revenue generated
  from the collective demand for retail clinics for
  point-of-care diagnostics and vaccination
  accounts for a whopping market value share of
  nearly 75, according to FMIs analysis.
• Increasing acceptance of the retail clinics
  concept, rising awareness about cost related
  advantages, and improving government support for
  walk-in clinics will collectively supplement the
  growth of retail clinics market over the course
  of coming years. The report opines that the role
  of governments will be vital in popularization of
  retail clinics, particularly in developing
  regional markets.
• Convenience Cost Benefit Collectively Pushing
  Prospects of Retail Clinics
• Retail clinics follow a holistic care approach.
  In addition, their partnership with various
  Telehealth vendors such as Teladoc and Doctor on
  Demand enable healthcare delivery and services at
  any given place and time. For Instance, an
  E-commerce channel is being implemented by the
  US-based CVS Health, one of the leaders in the
  MinuteClinic chain of retail clinics.

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Retail Clinics Market Analysis

• The report has cited top three factors capturing
  attention of increasing consumers -
• 1.       Quality care
• 2.       Ease of access
• 3.       Cost efficiency and transparency
• The growing demand for healthcare at relatively
  lesser service costs will continue to favor the
  growth of retail clinics market during the
  forecast period. A lot of major healthcare payers
  are considering and including retail clinics in
  their healthcare provider networks, motivating
  enrolees to opt for these clinics for convenience
  and quality of care.
• Challenges to Retail Clinics Penetration Still
  Prevail, in Developing Regions
• Developed regions, the key areas for retail
  clinics market, account for over 80 of the
  global revenue. The report envisages significant
  growth potential in emerging East Asian economies
  for the retail clinics market, over the
  projection period.
• Retail clinics have been attracting a wide
  consumer base across the US and the number is
  actively growing in other key markets such as
  Europe and China.

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Retail Clinics Market Analysis

• However, the outreach of retail clinics continues
  to face challenges due to poor monitoring of
  penetration into several developing as well as
  underdeveloped regions. While retail clinics have
  gained attention since the past few years and are
  expanding their offerings prudently at a rapid
  pace, the report highlights that this prompts at
  an increased need for regulation checks over the
  coming years.
• Retail clinics are positioning themselves to play
  a crucial role in the delivery of primary care
  services, worldwide. This trend in the retail
  clinics market is expected to increase
  predominantly in developing regions. The
  potential opportunities will also create
  long-term challenges facing retailers, clinical
  laboratories, healthcare policy makers, and
  pathologists, as suggested by the report.
• Key Players Keen on Investing Efforts in Customer
  Adherence
• Patients face difficulties with respect to filing
  specialty prescriptions, which further affects
  their will for adherence. CVS Health also piloted
  a Specialty Connect Program to overcome
  hindrances in adherence. This program is claimed
  to enable patients to drop their prescriptions at
  any given CVS Health store and pick up their
  medicines once ready. The program has also
  initiated the delivery of these medicines at
  their houses or any clinicians office.
• Press-Release Source https//www.globenewswire.c
  om/news-release/2019/03/27/1774088/0/en/Retail-Cli
  nics-Market-will-Surpass-US-8-billion-by-2028-Futu
  re-Market-Insights.html

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Retail Clinics Market Analysis

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Retail Clinics Market Analysis

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