NEW YORK, July 13, 2015 /PRNewswire/ -- The Little Clinic, a Nashville, TN –based company specializing in healthcare clinics within retail stores, demonstrated noticeable location growth this year, according to Kalorama Information. The Little Clinic grew 15% in terms of store locations so far this year, and the healthcare market research firm believes this demonstrates a competitive market in retail clinics beyond the announced CVS-Target deal. Kalorama has covered the market for healthcare clinics located within retail stores since 2007, and its latest report Retail Clinics 2015, was published earlier in the year.
"This faster-than-expected growth in new store locations points towards a blue ocean market for retail clinics, not easily captured by one large player," said Bruce Carlson, Publisher of Kalorama Information. "Growth is also fast in competitor brands. Also, customers are comfortable with the concept. Our surveys show satisfaction levels are in the 93% plus range. There appears to be room to grow."
Retail Clinics 2015 is available from Kalorama Information at http://www.kaloramainformation.com/redirect.asp?progid=87402&productid=8792050.
The Little Clinic is owned by the Kroger company, which houses clinics in its supermarkets. It is the third-largest retail clinic provider in the market, according to Kalorama.
Last month CVS acquired 80 stores from retailer Target in a deal involving its pharmacy business. Kalorama suggests that competition is still present in the market. In terms of Little Clinic - from 91 locations in 2008, the firm grew to 147 at the end of 2014. The firm is estimated to have at least 168 sites operational currently. This is far faster growth than Kalorama had predicted in its report earlier in the year.
(Based on older information, Kalorama had said the company was financed by Solera in a previous press release; this was the original financer but the company is owned by Kroger Company. The parent company has integrated the clinics into its store concept. The current Little Clinic location count is at 168).
"To think, that during the recession, there was some speculation that the concept was in trouble," Carlson said. "As we said at the time, the concept was proving out. Each year brings many more retail clinic customers and new locations, as well as direct and indirect benefits to the retailer parents. There will be a point of saturation, but it's not here yet."
The report, Retail Clinics 2015: Growth of Stores, Consumer Opinion, Leading Competitors, Sales of Products to Clinics (Diagnostic Tess, Pharmaceuticals, Vaccines), Clinic Sales Forecasts and Trends contains more results on reasons for visits and patient satisfaction with retail clinics. In addition, it provides store clinic numbers, how much revenue store clinics make, and trend information. The report can be found at http://www.kaloramainformation.com/redirect.asp?progid=87402&productid=8792050.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.
We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.
SOURCE Kalorama Information