The Global Retail Clinics Market is projected to reach $8.05 billion by 2028, from a value of $4.49 billion in 2022, by registering a CAGR of 10.2% during the forecast period. Rise in the patient population visiting clinics for a wide range of medical requirements, timely medical intervention with improved patient outcome, and increased COVID-19 virus testing are the major factors propelling the growth of the market. However, lack of provision for treatment of complex diseases and long wait time that patients have to face for regular checkups in the institutions are hampering market growth. Moreover, increased focus on development of telemedicine services, increased inclusion of diverse healthcare services, and expansion initiatives by key companies are creating ample opportunities across the globe.
Recent Developments
In March 2022, Walmart Inc. announced its expansion in Florida with five new Walmart Health centers across North and Central Florida. This expansion would increase the accessibility of Walmart Health to the public.
In May 2022, CVS Health launched CVS Health Virtual Primary Care. It is a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer centric healthcare experience.
In July 2021, Amazon announced that it is moving toward a retail clinics business by opening walk-in clinics near fulfillment centers. This initiative will take place under its Neighborhood Health Center Pilot Program. The company announced that it is planning to open the first clinic near its fulfillment center in Dallas, Texas.
In May 2021, Kaiser Permanente (through Kaiser Foundation Health Plan, Inc.) announced collaboration with Mayo Clinic to build a new capacity for hospital-at homecare. Through this collaboration, an investment of USD 100.0 million was reported toward Medically Home Group, which provides a technological platform to address clinical conditions at home.
Competitive Landscape
Amazon, Bellin Health Systems, Concentra, Inc, CVS Health’s MinuteClinic, Doctors care, Kaiser Permanente, MedExpress, Nextcare Holdings, Inc, RediClinic LLC, Rite Aid, The Kroger Co, U.S. HealthWorks, Urgent Care MSO, Walgreens co, and Walmart Inc. are some of the major players in the global Retail Clinics market.
