As wait times for primary care rise, urgent care centers will increasingly become an appealing option
Los Angeles, CA (PRWEB) February 21, 2012
The Urgent Care Centers industry represents one of the fastest-growing segments of the American healthcare system. Over the five years to 2012, industry revenue grew at an average annualized rate of 6.3% to an estimated $13.7 billion, including projected growth of 5.2% in 2012. Urgent care centers provide primary care as well as supplementary services, such as X-rays and low-level trauma treatment, to patients on a walk-in basis. With rising wait times for both primary- and emergency-care providers, urgent care centers have been an increasingly appealing and viable alternative for patients, says IBISWorld industry analyst Caitlin Moldvay.
The Urgent Care Centers industry remains highly fragmented, with an estimated 9,428 urgent care centers in the United States and the majority operating just one facility. Although there are several companies with a national presence, the largest operators only control a small share. Examples of these larger companies include Concentra Inc., NextCare Urgent Care Inc. and FastMed Inc. Over the past five years, the number of urgent care centers has continued to rise, growing at an average annualized rate of 4.4%. Over the next five years, Moldvay expects the number of companies in the industry to continue growing as companies set up operations in more rural areas. Additionally, increasing demands made on primary-care providers will result in a greater overflow of patients directed to urgent care centers as a result of rising wait times.
During the next five years, the Urgent Care Centers industry is expected to continue expanding. One of the main factors driving growth for the industry is increasing demands made on primary-care providers that are, thus, increasing wait times. This trend is forecast to continue, causing overcapacity at primary-care offices to support greater demand at urgent care centers. Additionally, the Patient Protection and Affordable Care Act will begin to take effect in 2014, expanding insurance coverage to an estimated 32.0 million more people by 2019. For more information, visit IBISWorld’s Urgent Care Centers report in the US industry page.
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IBISWorld industry Report Key Topics
This industry includes facilities that deliver medical care on an unscheduled, walk-in basis. Urgent care centers are primarily used to treat patients who have an injury or illness that requires immediate care but is not serious enough to warrant emergency room care.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.