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Ambulatory Services Market Is Expected to Reach USD 3365.2 Billion By 2022 From USD 2345.7 Billion In 2016

Ambulatory Services Market Is Expected to Reach USD 3365.2 Billion By 2022 From USD 2345.7 Billion In 2016

Ambulatory Services Market
Ambulatory Services Market information, by type (Hospital emergency departments (EDs), Primary care offices, Hospital-based outpatient departments (OPDs), physician private practices, Community Health Centers, Ambulatory surgery centers (ASCs), Urgent Care Centers)

Market Highlights

It has been noted that global ambulatory services market is growing at steady pace and is expected to grow at the CAGR of 5.1%. The Global Ambulatory Services Market has been continuously developing market and it is expected that, the market will grow similarly in the future. It is the cost-effective and convenient facility for the patient.  Ambulatory care is known as outpatient care providing the facilities like diagnosis, observation, treatment, consultation and reduce the chance of hospitalization. This market is driven by easy in-access, flexible timing, government initiatives to integrate acute and primary healthcare, value for money and continuously aging population. Increase in life expectancy have force the healthcare to provide the services for disable and frailties. Immerging of this service also reduce the waiting time in hospital.

 

Cost saving is an important factor for the increase in the market of the global ambulatory services. Cost of treatment is saved by cutting down the hospital stay cost with the highly advance medical devises for the diagnosis or patient convenient. The introduction of non-surgical procedures and surgeries like cataract for which there is need of hospital stay can be performed outside the hospital ultimately saving the expenses of hospitalization. Patient can easily access to ambulatory services with no or very less waiting as compare to the hospital. Increasing competition has forced the hospital to provide the ambulatory services with other facilities. They are located in area which are easily accessible to patient and also provides full range of services with low cost compare to the hospitals.

 

Ambulatory Services Market Players

  • AmSurg Corp
  • Surgical Care Affiliates
  • Surgery Partners
  • HCA Holdings, Inc
  • Healthway Medical Group
  • SurgCenter
  • Trillium Health Partners and others

 

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Key Findings

  • North America accounted for the largest market share with 41.2% of the global Ambulatory Services market in the year 2016.
  • Primary care offices market holds the largest market share by service type.
  • Ambulatory surgeries are the fastest growing segment at CAGR of 5.5% from 2017 to 2022.
  • Asia-Pacific pacific projected to be the fastest growing region with a growth rate of 5.5% for the forecasted period.

 

Regional analysis

As per Market Research Future analysis, the global ambulatory services market has grown tremendously in Asia-Pacific. Geographically, North America holds the largest share of more than 41.2% of ambulatory services market and is expected to be the leading market during 2016-2022. The largest market share of ambulatory services is attributed due to various factors including specialized technique available for the patients, presence of large number of ambulatory centers, solid support from the government and various organizations, high patient fulfilment with high quality and low cost services. Moreover with the presence of well-established players like AMSURG, Surgical Care Affiliates, Surgery Partners, HCA Holdings, Inc in United Sates is boosting the market. These players are expanding their network with other healthcare providers and physicians to enhance their presence and further enhancing the market.

 

After North America region, Europe market is the second largest market in the global ambulatory services market. Whereas Asia Pacific region is expected to be the fastest growing market due to increasing R&D funding by the developing countries like China and India for the development of ambulatory services.

 

Segmentation

Global Ambulatory Services market has been segmented on the basis of service type which comprises of primary care offices, medical speciality, ambulatory surgery, outpatient departments (OPDs) and emergency departments.

 

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Primary care office segment holds the largest market share for global ambulatory services by service type for the forecasted period from 2016 lasting till 2022. Primary care the fundamental purpose of contact of patients with healthcare system. In the primary care setting, general practitioners and paramedics have a tendency to embrace regulation functions, specifically by going about as gatekeepers and holding medical records. However, the part of primary care and its relationship to other healthcare settings contrasts starting with one nation to another. In addition, primary care is at the cutting edge of preventive medication, a critical component of public health. In European countries the providers of primary care represent about 20 and 30% total healthcare expenditure. Moreover according to the National Ambulatory Medical Care Survey in 2013 it has been found that about 53.2% of patients that visit physician office visit primary care physician.

 

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