Healthcare Transformation of Retail Health: Analysis of Trends and Their Impact on Traditional Healthcare Providers

Retailers’ Patient Centricity and Challenges in Traditional Healthcare Drive Transformational Growth

INDUSTRY
Healthcare

RELEASE DATE
31-Jul-2023
REGION
North America
DELIVERABLE TYPE
Market Research

RESEARCH CODE
K8E6-01-00-00-00
SKU
TEMP_2023_38
Yes
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Transformation of Retail Health: Analysis of Trends and Their Impact on Traditional Healthcare Providers
Published on: 31-Jul-2023 | SKU: TEMP_2023_38

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Retail health providers fill the traditional healthcare void by offering healthcare services, such as pharmacy, preventive care, urgent care, chronic condition management, vaccinations, telehealth, wellness, and an emerging focus on women’s health. High cost is a barrier to healthcare and medication access, affecting uninsured and aged populations the most. People often skip their medication refills, follow-up visits, and treatment cycles, failing to afford the cost. A significant proportion of the population is in debt due to healthcare bills. Despite such high costs, healthcare services have not been up to standard, and a majority of the population is dissatisfied with the traditional system. Patients from rural and remote locations struggle to access primary care. Numerous challenges related to cost and convenience lead patients to switch to retail health systems.

This study defines retail health as healthcare and wellness services provided by big-box retailers, drugstores, and discount retailers of consumer products, including those that have historically not offered pharmacy services. This report will give an overview of the US retail health market and its impact on traditional healthcare providers.

Author: Sagar Mukhekar

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Retail Health Industry and Traditional Healthcare

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Market Segmentation

Getting the Definition Right

Retail Care Models

Types of Retail Health Offerings

Retail Health’s Expanded Healthcare Role in the Continuum of Care

Gaps in Traditional Healthcare—Key Drivers for Retail Health

Retail Health Drivers and Restraints

Growing Consumer Preference for Retail Pharmacies

Patient Care Journey—Traditional Compared to Retail Health

Opportunity for Retail Health

Opportunity for Retail Health (continued)

Competitive Landscape

CVS Health—The Minute Clinic (Retail Health)

CVS Health—Oak Street Health (Primary Care)

CVS Health—Aetna Health (Payer)

Kroger—The Little Clinic

Walgreens—VillageMD

Kaiser Permanente Target Clinic

Walmart Health Center

Amazon—One Medical

Other Key Vendors

Other Key Vendors (continued)

Technology Enabling Vendors

Technology Enabling Vendors (continued)

Technology Enabling Vendors (continued)

Key Value Propositions by Retailers

Retail Health Impact on Healthcare Systems

Imperatives for Traditional Healthcare Providers

Growth Opportunity 1: In-store Health Clinics

Growth Opportunity 1: In-store Health Clinics (continued)

Growth Opportunity 2: Co-located and Outside-store Health Clinics

Growth Opportunity 2: Co-located and Outside-store Health Clinics (continued)

Growth Opportunity 3: Behavioral/Mental Health and Wellness

Growth Opportunity 3: Behavioral/Mental Health and Wellness (continued)

Growth Opportunity 4: Clinical Trials and RWE Services

Growth Opportunity 4: Clinical Trials and RWE Services (continued)

Growth Opportunity 5: Women’s Health

Growth Opportunity 5: Women’s Health (continued)

List of Exhibits

Legal Disclaimer

List of Figures
  • Retail Health: Distribution by Number of Clinics, US, 2023

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Retail health providers fill the traditional healthcare void by offering healthcare services, such as pharmacy, preventive care, urgent care, chronic condition management, vaccinations, telehealth, wellness, and an emerging focus on women’s health. High cost is a barrier to healthcare and medication access, affecting uninsured and aged populations the most. People often skip their medication refills, follow-up visits, and treatment cycles, failing to afford the cost. A significant proportion of the population is in debt due to healthcare bills. Despite such high costs, healthcare services have not been up to standard, and a majority of the population is dissatisfied with the traditional system. Patients from rural and remote locations struggle to access primary care. Numerous challenges related to cost and convenience lead patients to switch to retail health systems. This study defines retail health as healthcare and wellness services provided by big-box retailers, drugstores, and discount retailers of consumer products, including those that have historically not offered pharmacy services. This report will give an overview of the US retail health market and its impact on traditional healthcare providers. Author: Sagar Mukhekar
More Information
Deliverable Type Market Research
Author Paul Sonnier
Industries Healthcare
No Index No
Is Prebook No
Keyword 1 Retail Healthcare Trends
Keyword 2 Healthcare Trends Impact
Keyword 3 Healthcare Provider Trends
List of Charts and Figures Retail Health: Distribution by Number of Clinics, US, 2023~
Podcast No
WIP Number K8E6-01-00-00-00

Transformation of Retail Health: Analysis of Trends and Their Impact on Traditional Healthcare Providers

$2,450.00

Special Price $1,837.50 save 25 %

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SKU
TEMP_2023_38