The global Michigan Urgent Care Center market size is expected to be worth around US$ 2.6 billion by 2030, according to a new report by Vision Research Reports.
The global Michigan Urgent Care Center market size was valued at US$ 750.0 million in 2020 and is anticipated to grow at a CAGR of 15.1% during forecast period 2021 to 2030.
Growth Factors
The market is primarily driven by the growing demand for health services, rising prevalence of diseases, and increasing disposable income of the population. A gradual shift of patients toward non-traditional settings, such as urgent care centers and walk-in clinics, owing to easy access is projected to bode well for the market growth.
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An urgent care center is an obvious link between emergency room services and primary care physicians. These centers provide immediate health services to patients who need access to their primary care physicians on weekends or at night. There is no prior appointment required at approximately 900+ urgent care centers in Michigan. They can replicate nearly all the services provided in an emergency room or a traditional doctor’s office. Urgent care represents 12.6% of all outpatient physician visits and over 23% of all primary health visits in the U.S. This represents the major role urgent care centers play in the delivery of ambulatory and primary patient care. Thus, these factors are propelling the growth of the market.
Report Highlights
The acute respiratory infection segment dominated the market with a revenue share of 27.2% in 2020. Urgent care centers are adopting innovative measures, such as providing diagnoses over the phone or video, for respiratory illness. This, coupled with the rising prevalence of respiratory disorders, is anticipated to drive the segment.
The high prevalence of the common cold and the increasing demand for seasonal flu vaccination shots are propelling the growth of the general symptoms segment. Allergy treatment is another major factor in the spectrum of treatments offered at urgent care centers.
The urinary tract infections segment is estimated to witness remarkable growth during the forecast period. According to Neu Urgent Care, Michigan, around 40% to 60% of women develop a UTI at least once, with around 10% of women suffering from UTI annually. Increasing cases of UTIs, especially among women, are favoring the expansion of the segment.
Key Players
| Report Coverage | Details |
| Market Size | US$ 2.6 billion by 2030 |
| Growth Rate | CAGR of 15.1% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | American Family Care; Concentra, Inc.; Beaumont Health; Nextcare Holdings, Inc.; Lakes Urgent Care; Livonia Urgent Care & Medical Center; Get Well Urgent Care; Oak Park Urgent Care; Berkley Urgent Care; PrimeCare Urgent Care |
Market Segmentation
In this study, the years considered to estimate the market size of Michigan Urgent Care Center are as follows:
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
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