Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report showing that while the costs of receiving medical care continue to burden or elude many patients, residents across the country are starting to discover the convenient and relatively affordable services offered by in-store clinics, a growing trend that could realise revenues of nearly $4.5 billion by 2011.
“Retail Clinics: The Emerging Market for Convenience Clinics and In-Store Healthcare” reports that by offering significant discounts over similar services performed by doctors and hospitals, sometimes at prices at or below insurance co-pay amounts and more convenient locations and hours, retail clinics are catering to the financially over-burdened and the physically underserved.
The report shows that while revenues were slightly more than $121 million in 2006, intense market growth over the next four years will drive revenues into the billions of dollars, making retail clinics a viable investment. Indeed, for the likes of major chains such as CVS and Walgreens, whose respective high profile acquisitions of the top two market leaders MinuteClinic and Take Care Health solidified an industry-wide commitment to in-store clinic success, the rapid acceptance of independent clinics has only further stimulated market growth and demand.
Authors of the report note that since their inception in 2000, there are now 426 clinics. They estimate that by the end of 2009 2,885, a number that will more than double to 7,885 by the end of 2011. They also say that with this phenomenal growth and competitive threat on the horizon, many in the medical community are now watching the retail sector closely and reacting with extended office hours, greater accommodation of walk-in patients with immediate needs, and partnering relationships with the clinics.
“Retail Clinics: The Emerging Market for Convenience Clinics and In-Store Healthcare” focuses on the market for clinical facilities in drug stores, supermarkets, mass merchandisers, and other outlets.
“Retail Clinics: The Emerging Market for Convenience Clinics and In-Store Healthcare” is available from Report Buyer. For more information visit the website.
Report Buyer product ID: KAL00097
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