The substantial number of injuries and chronic diseases, which may call for urgent medical attention, are just some of the factors which are likely to increase the market value for urgent care center (UCC) market during forecast time frame. Affordable treatments in emergency care seems to be a trend in the market. The growing volume of sport related injuries or even cardiovascular issues, along with rapid awareness about urgent medical care and reduced waiting time for patients are all factors which are revitalizing the global urgent care center market growth.
Additionally, a spur in the number of medical insurance, combined with government provisions are factors which have been anticipated to augment the growth of the UCC market. New alternatives and methods to the UCC market has led to the use of telemedicine. Telehealth has shown to be significantly cost effective and research has indicated that telemedicine is advantageous to the health of people suffering from diabetes, particularly with older adults. Such methods not only improved the affordability of health care, but has also reduced the travel time as well as less frequency hospital stays. Moreover, it has even increased the efficiency by way of improved management of chronic diseases. Given all these factors, the market is predicted to register a boost in the growth over the forecast period.
Several elements such as physical, illness, vaccination, injury, diagnostic and screening are the subsets of service in the urgent care center market. Diagnostic and injury segments have been predicted to witness an economic boost during the forecast time frame because of the sheer volume of accidents and extensive medical examinations of life threatening ailments. It has been shown that the hospitals operating on a large platform, took precedence over the entire end use market in the year 2014. Moreover, the exorbitant budgets and the merging of private public sector firms, the large scale hospitals segment is anticipated to capture significant market value over the forecast time frame. Medium scale hospitals are also predicted to showcase considerable growth by 2022 owing to the sharp decline price of UCC devices. China and India are two such developing countries that are experiencing an economic boom, in part, because of the strong purchasing power and the unrealized market potential. Technological shifts and innovations has resulted in the integration of novel therapies, reducing the length of stay. However, some of the drawbacks to this market is that it is highly fragmented in its nature and dynamics, particularly with regards to the volume of players operating on a global level. Market analysis shows that acquisitions, mergers and business tie-ups has been anticipated to rejuvenate the competitive environment of the market in the next few years. In addition to this, the rising research and development activities is likely to support the overall growth of the market in the coming few years.
The global UCC market is competitive and the current key players have undertaken new business development shifts and changes for the expansion of their business such as mergers, acquisitions and New Product Development (NPD).