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High deductible plans help fuel expansion
The retail clinic space represents a fast-growing industry that hasn’t even scratched the surface in terms of its full potential given constant market pressures to make health care more affordable, more accessible and more efficient. In 2016, more than 2,200 locations in the United States generated sales of more than $1.4 billion, a 20.3% increase per year from $518 million in 2010, according to Kalorama Information’s “Retail Clinics 2017: The Game-Changer in Healthcare” report, published earlier this year.
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POC testing, vision and hearing centers are future of retail clinics
There is a potential white space opportunity for retail clinics in advancing point-of-care diagnostic offerings on site. In 2015, combined sales of POC tests, clinical chemistry and immunoassay laboratory tests and vaccines to retail clinics reached $240 million, with vaccines accounting for a greater share than POC tests or laboratory tests. This reflects total annual growth of more than 26% per year since 2010, when retail clinics accounted for about $75 million in purchases of these products.