Global Michigan Urgent Care Center Market by Application (Acute Respiratory Infection, Urinary Tract Infections) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Michigan's urgent care center market was valued at USD 715 million in 2020. It is expected to grow at a 10.1% compound annual growth rate (CAGR), between 2021 and 2028. Although they can't treat severe conditions, urgent care centers can help with more complex cases than primary care. Market growth will be influenced by the adoption of telemedicine and the opening of new urgent care centers. Key players may also acquire other Michigan-based companies to increase their presence. NextCare Holdings, Inc., which provides urgent care, purchased nine clinics from Michigan Urgent Care in the Southeast region of Michigan in November 2020.

There has been an increase in the demand for emergency services to help with different types of emergencies such as stroke, heart attack, and severe burns. According to the CDC in 2016, the U.S. saw 145 million emergency room visits. Because of this time factor, emergency rooms treat patients according to the severity of their condition. This takes an average of 2 hours 15 minutes from when patients arrive to the time they leave. Urgent care centers, on the other hand, offer the advantage of being open to all patients, with an average wait time of less than 30 minutes. They have become an alternative to emergency rooms. These centers can treat minor acute illnesses, strains, and fractures. These factors are driving market growth.

The geriatric population will continue to grow due to the rising life expectancy. According to the Population Reference Bureau data, the U.S. population 65 and over is projected to grow to 95 million people by 2060, up from 52 million in 2018. Based on percentages, it will increase from 16% to 23% in 2060. According to the U.S. Census Bureau 23% of Michigan residents were 60 years old or older in 2016. High geriatric populations pose a significant demand for healthcare services, as they are more vulnerable to diseases and infections. This will likely drive market growth.

COVID-19 Michigan Urgent Care Center Market Impact: 2.12% Increase from 2019 to 2020

The impact of the coronavirus pandemic on different sectors of the U.S. economic system has been profound. The U.S. healthcare system was more burdened by the sudden pandemic. The U.S.'s first line of defense against the epidemic was the urgent care centers. Due to the severe symptoms of the infection, such as chest pain and shortness of breath, the number of visits to urgent care centers and emergency departments soared.

However, many clinics opened again after lockdowns were lifted and restrictions removed. Mercy Health opened six of its urgent care facilities for patients suffering from COVID-19 symptoms, as well as nine facilities for patients without COVID-19 symptoms. The Michigan Department of Health and Human Services published the COVID-19 Practice Management Guide to help with efficient management of the pandemic. This guide was created to assist hospital administrators and clinicians in determining the Crisis Standards of Care for their respective facilities.

Application Insights

With a 27.2% revenue share in 2020, the acute respiratory infection segment was the dominant market. The new innovations in urgent care centers include the ability to diagnose respiratory illnesses over the phone or via video. The segment is expected to grow due to the increasing prevalence of respiratory diseases. The market can be divided into three segments: acute respiratory infection, general symptoms and tissue disorders, digestive issues, skin infections and urinary tract infections.

General symptoms is growing due to the rising prevalence of common colds and increased demand for seasonal flu shots. Another important factor in the range of services offered by urgent care centers is allergy treatment. Allergies are the sixth most common cause of illness in America, accounting for approximately 1,521,275 infections in Michigan each year. This will favor segment growth.

The forecast period is expected to see a remarkable increase in the segment of urinary tract infections. Neu Urgent Care, Michigan estimates that between 40% and 60% of women will experience a UTI once in their lifetime. Around 10% of those women suffer from UTIs annually. The growth of this segment is aided by the increasing incidence of UTIs, particularly among women.

Market Share Insights & Key Companies

With the presence of regional and multinational players, the market is fragmented. There are many urgent care centers in the market, including PrimeCare Urgent Care, Berkley Urgent Care and Get Well Urgent Care. Market players use key strategies such as acquisitions, obtaining investments, or the adoption of new technologies like telemedicine. American Family Care, a private equity firm and development company, signed a deal in July 2017 with American Development Partners to receive a maximum investment of USD 1 billion. This investment was made to facilitate the opening of new AFC franchises by providing capital and working capital, overseeing construction, land acquisition and financing equipment. The following are some of the most prominent players in Michigan's urgent care center market:

• 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

Up Market Research published a new report titled “Michigan Urgent Care Center Market research report which is segmented by Application (Acute Respiratory Infection, Urinary Tract Infections), By Players/Companies PrimeCare Urgent Care, Berkley Urgent Care, American Family Care, Lakes Urgent Care, Nextcare Holdings Inc  , Get Well Urgent Care, Concentra Inc, Livonia Urgent Care & Medical Center, Oak Park Urgent Care, Beaumont Health”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Michigan Urgent Care Center Market Report Segments:

The market is segmented by Application (Acute Respiratory Infection, Urinary Tract Infections).

Michigan Urgent Care Center Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Michigan Urgent Care Center Market

Overview of the regional outlook of the Michigan Urgent Care Center Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Michigan Urgent Care Center Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Michigan Urgent Care Center Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Acute Respiratory Infection

                2. Urinary Tract Infections

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Michigan Urgent Care Center Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Michigan Urgent Care Center Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.