The global urgent care centers market will progress at a CAGR of 3.8 percent between 2014 and 2020, according to a market study published by Transparency Market Research.
Here are five key findings of the report:
1. The global urgent care centers market will be worth $30.5 billion by 2020, increasing from $23.5 billion in 2013, according to TMR.
2. Some of the factors propelling UCCs including long wait times for PCPs and EDs, as well as limited access to after-hours care at healthcare centers.
3. UCC operating hours and quick attention paid to patients upon arrival put them at an advantage and aid growth as well.
4. Increasing number of insured people and expanding coverage is also expected to increase demand for UCCs in the United States, according to TMR.
5. Limited access to physicians will adversely affect growth of the UCC market, said TMR. As many as one-third of physicians will retire in the next 10 years, according to statistics from the American Association of Medical Colleges, as cited by TMR.