Careful business: Industry revenue growth will be driven by the overcapacity of primary care offices

Over the past five years to 2018, a shortage of primary care physicians, coupled with rising costs and wait times at emergency rooms, stimulated demand for the Urgent Care Centers industry to provide noncritical care. As a result, many Americans opted to visit urgent care centers that offered convenient care at a walk-in and after-hours basis. Urgent care centers, many of which are open 24/7, also became increasingly popular in metropolitan areas. Operators also benefited from an increasingly insured population. Nearly half of emergency room visits are non-emergent in nature, with many emergency room visits treatable in an urgent care setting...purchase to read more.

Industry Statistics & Market Size
Revenue
$28bn
Annual Growth 13-18
5.4%
Forecast Growth 18-23
Profit
Employment
155,902
Businesses
7,777
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Many insurance providers now implement incentives for patients within their network to visit urgent care centers
  • Chronic overcrowding in emergency-care facilities also drove industry revenue growth
  • The aging population, coupled with a rising number of insured individuals due to healthcare reform, will also drive demand
  • Industry Report - Industry SWOT Analysis Chapter

    The Urgent Care Centers industry is currently in the growth stage of its life cycle. According to the Urgent Care Benchmarking Survey produced by the Urgent Care Association of America, urgent care centers had more than 160.0 million total visits in 2012, or 357 patients per week. The industry’s growth life cycle stage is further evidenced by marked growth in industry value added (IVA), a measurement of an industry’s contribution to the overall economy.Over the 10 years to 2023, IVA is projected to grow at an annualized rate of 4.5%, as compared with GDP rising at an annualized rate of 2.2% during the same period. According to the Urgent Care Association of America, about 3.0 million Americans visit urgent care each week on average, buoying demand for industry offerings. Fur...purchase to read more.

    Additional Insights for the Urgent Care Centers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Urgent Care Centers Industry are

  • Access to highly skilled workforce
  • Recommendation/accreditation from authoritative source
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance and Federal funding for Medicare and Medicaid in the Urgent Care Centers industry impact industry performance..

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    What's in this report

    What is the Urgent Care Centers Industry?

    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.

    Industry Products
  • Digestive system diseases
  • Musculoskeletal system and connective tissue diseases
  • Injury and poisoning
  • Symptoms, signs and ill-defined conditions
  • Nervous system and sense organs diseases
  • Respiratory system diseases
  • All other patient care
  • Infectious and parasitic diseases
  • Industry Activities
  • Diagnose general symptoms
  • Provide x-ray services
  • Provide routine blood tests and other diagnostic laboratory procedures
  • Provide prepackaged prescription services
  • Provide treatment for minor traumas such as broken bones and lacerations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance
  • Federal funding for Medicare and Medicaid
  • Number of physician visits
  • Number of adults aged 65 and older
  • Per capita disposable income
  • External competition

  • Current Performance
  • Untapped market
  • An expanding industry
  • Chart: Revenue Growth

  • Industry Outlook
  • Shortage of primary care providers
  • Increasing number of centers
  • Table: Urgent Care Centers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Urgent Care Centers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Medical Insurance
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Healthcare and Social Assistance
  • Medical Instrument & Supply Manufacturing

  • Products & Services
  • All other patient care
  • Digestive system diseases
  • Musculoskeletal system and connective tissue diseases
  • Nervous system and sense organs diseases
  • Injury and poisoning
  • Symptoms, signs and ill-defined conditions
  • Respiratory system diseases
  • Infectious and parasitic diseases
  • Chart: Urgent Care Centers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Private insurers
  • Government insurers
  • Patient out-of-pocket
  • Other patient care revenue
  • Chart: Major Market Segmentation for the Urgent Care Centers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Urgent Care Centers

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Urgent Care Centers Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Urgent Care Centers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Urgent Care Centers Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of people with private health insurance (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Carve-Outs
  • Medical services that are separated from a contract and paid under a different arrangement.
  • Computed Tomography (Ct Scan)
  • A scan that uses a computer to combine multiple X-ray images into a two dimensional cross-sectional image.
  • Electrocardiogram (Ekg)
  • A medical test that checks for problems with heart electrical activity.
  • Electromyography (Emg)
  • An electrical recording of electrical activity in the muscle of the body.
  • Magnetic Resource Images (Mri)
  • A procedure that provides detailed images of internal body structures without the use of radiation.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Urgent Care Centers contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Urgent Care Centers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Urgent Care Centers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Urgent Care Centers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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