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|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2023 U.S. Industry Statistics & Market Forecast - Urgent Care
Market Size & Industry Statistics
The total U.S. industry market size for Urgent Care:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
|Statistics||2017 2018 2019 2020 2021 2022|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2023||2024||2025||2026||2027||2028|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Industry InsightsThe Urgent Care industry has seen rapid growth and evolving trends in recent years. One major trend is the rise of telemedicine, which enables people to access medical care remotely from their homes or workplaces. This has resulted in increased demand for virtual visits and remote monitoring services provided by urgent care clinics.
Another trend that has emerged in the industry is the emergence of urgent care centers as a primary care option. This has been driven by several factors, including the shortage of primary care physicians, increasing patient demand for more convenient care options, and the more comprehensive services that urgent care centers are now able to provide.
The third trend impacting the industry is the growing demand for more sophisticated medical services, including diagnostic imaging and laboratory testing. Advances in technology have enabled urgent care clinics to offer a wider range of testing and imaging services that were previously unavailable.
Healthcare reform legislation has also had a major impact on the Urgent Care industry. The Affordable Care Act has increased the number of insured Americans, leading to more patients seeking urgent care services.
Finally, the aging of the baby boomer population has also had a significant impact on the Urgent Care industry. As this population ages, they are more likely to seek out medical care for chronic conditions and other health issues, leading to increased demand for urgent care services.
Product & Services BreakdownResearch products and services in the Urgent Care industry generating sales. Note that products are broken into categories with different levels of classification.
|Product Description||Number of Companies||Sales ($ millions)||Percent of Total Sales|
Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis
Patient Care - Infectious And Parasitic Diseases (Icd-9 Codes 001-139)
Patient Care - Neoplasms (Tumors) (Icd-9 Codes 140-239)
Patient Care - Endocrine, Nutritional And Metabolic Diseases, And Immunity Disorders (Icd-9 Codes 240-279)
Patient Care - Diseases Of The Nervous System And Sense Organs (Icd-9 Codes 320-389)
Patient Care - Diseases Of The Circulatory System (Icd-9 Codes 390-459)
Patient Care - Diseases Of The Respiratory System (Icd-9 Codes 460-519)
Patient Care - Diseases Of The Digestive System (Icd-9 Codes 520-579)
Patient Care - Diseases Of The Genitourinary System (Reproductive And Urinary System Organs) (Icd-9 Codes 580-629)
Patient Care - Diseases Of The Skin And Subcutaneous Tissue (Icd-9 Codes 680-709)
Patient Care - Diseases Of The Musculoskeletal System And Connective Tissue (Icd-9 Codes 710-739)
Patient Care - Symptoms, Signs, And Ill-Defined Conditions (Icd-9 Codes 780-799)
Patient Care - Injury And Poisoning (Icd-9 Codes 800-999)
Patient Care - Supplementary Classification Of Factors Influencing Health Status And Contact With Health Services (Icd-9 Codes V
Patient Care - Supplementary Classification Of External Causes Of Injury And Poisoning (Icd-9 Codes E800-E999)
Patient Care - All Other Patient Care
Resale Of Merchandise
All Other Receipts
All Other Operating Receipts
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Industry Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Urgent Care company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry Average|
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Urgent Care industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Urgent Care measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|Measure how quickly products and services sell, and effectively collections policies are implemented.|
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||1%|
|Community and Social Service Occupations||17%|
|Counselors, Social Workers, and Other Community and Social Service Specialists||17%|
|Substance Abuse, Behavioral Disorder, and Mental Health Counselors||7%|
|Healthcare Practitioners and Technical Occupations||41%|
|Healthcare Diagnosing or Treating Practitioners||26%|
|Health Technologists and Technicians||15%|
|Healthcare Support Occupations||11%|
|Other Healthcare Support Occupations||9%|
|Miscellaneous Healthcare Support Occupations||9%|
|Office and Administrative Support Occupations||16%|
|Secretaries and Administrative Assistants||6%|
|Secretaries and Administrative Assistants||6%|
Urgent Care Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Urgent Care industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Urgent Care industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Urgent Care industry.
Government ContractsIn 2022, the federal government spent a total of $26,008,730 on Urgent Care. It has awarded 10 contracts to 7 companies, with an average value of $3,715,533 per company.
|Most Recent Contracts||Date||Total Award Amount|
|STERLING MEDICAL ASSOCIATES, INC |
411 Oak St
|May 23, 2023||$707,325|