The retail clinic is a treatment site that delivers services and medicines from a qualified provider outside of the traditional office or emergency department. Retail clinics do not have observation beds and are based on walk-in services. The major advantage of these types of clinics is that appointment is not required for getting medical treatment.
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The primary factor that contributes to the treatment decisions of the patient is the convenient and preventive health screenings such as blood pressure, cholesterol, diabetes, and skin cancer analysis. They are also an ideal form to solve acute health problems such as flu, ear infection, sinus infection, urinary tract infection, ringworm, and many other issues that are easy to diagnose and treat.
Impact of COVID-19 on Retail Clinics Market:
• The ongoing pandemic has affected many businesses and markets, some markets faced losses whereas some markets took this pandemic as an opportunity for growth. The COVID-19 is like a kick-starter for the retail clinics market. The market growth of the product during the pandemic is due to the shorter waiting times, easier access, and lower costs for patients which are resulting in higher demand for the service, and it will also help to boost the global retail clinical market. According to the Healthcare Information and Management Systems Society, currently, 2,000 retail clinics operate in the U.S.
• The COVID-19 has led to the decline in the market, during the pandemic malls and stores were closed which led to a dip in the market growth as the retail clinics are located mostly in malls and stores. The COVID-19 has also impacted the number of consumers in malls, as well as the restriction on the gathering of people, which has affected the market growth.
The increase in the growth of retail clinics has paved a way for easier treatments, diagnostics, and vaccines, especially for the people who are traveling as they can easily get the medical treatment without any appointments. The factors such as an increase in the number of retail clinics at a lower cost for treatment, easy accessibility, and flexibility with short waiting time. High competition has boosted the growth of the retail clinics market. Retail clinics not only provide treatments, medicines, and vaccines but also medical laboratory tests and diagnostics.
Key Market Players
• Walgreen Co.,
• Concentra, Inc
• Rite Aid Corp.
• CVS Health.
• The Kroger Co.,
• Walmart Inc.
• NextCare Holdings, Inc.
• Bellin Health Systems
• Doctors Care.