Ambulatory Services Market to Reach USD 3365.2 billion By 2022; Asserts MRFR
Ambulatory Services Market Research Report - Global Forecast till 2025 has undergone significant changes over the last two decades. Improvements have been made in terms of facilities, delivery of the services, reimbursements, and others.
The market has been on the rise and is expected to grow at a fast pace in the coming years and reach USD 3365.2 billion by 2022 from USD 2345.7 billion in 2016. Market Research Future (MRFR) has revealed in its latest market research report that the global ambulatory services market is set to capture a CAGR of 5.1% during the forecast period 2016- 2022.
Ambulatory services or outpatient care encompasses a wide range of care and services such as diagnosis, counseling, observation, treatment, rehabilitation and much more. Many services which do not require hospital admission are being diverted towards ambulatory services. Hospitals are now investing in ambulatory services as a core strategy as they improve patient outcome and patient satisfaction at a lower cost of procedure.
Ambulatory services are gaining popularity as they can provide the same quality services to patients at a fraction of the cost as that of a hospital.
Various factors drive the ambulatory services market such as high level of professionalism, quality and safety offered by them, easy access to healthcare facilities, convenient scheduling and reliable services. Growing incidences of chronic diseases is also a key factor that is driving the market. Additionally, the rise in geriatric population is also inciting the market. Ambulatory services are well equipped and technologically advanced and provide minimally invasive surgeries and other services at a much lower cost. Government initiatives and funding to develop primary care facilities is also aiding to the growth of the market. However, factors such as delayed or missed diagnosis and adverse drug events are likely to restrict the growth of the market.
Global Ambulatory Services Market: Segmentation
The global ambulatory services market has been segmented based on service type and regions. By service type, the market has been segmented into primary care offices, ambulatory surgery, outpatient departments (OPDs), medical specialty and emergency departments. By regions, the market has been segmented into North America, Europe, Asia-Pacific and the Middle East and Africa.
Global Ambulatory Services Market: Regional Analysis
The key markets for global ambulatory services are North America, Europe, Asia-Pacific and the Middle East and Africa. North America accounts for the largest share of the market owing to factors such as the presence of many large ambulatory services in the region, support from government and other organizations, availability of specialized ambulatory technology.
In 2016, North America accounted for 41.2% share of the global ambulatory services market. Moreover, the presence of major players like AMSURG, Surgical Care Affiliates, Surgery Partners, HCA Holdings, Inc. in the region has further spurred the market. Europe holds the second largest share of the global market and is expected to capture a CAGR of 5.3 % during the forecast period. Asia-Pacific is projected to be the fastest growing market and expected to grow at a rate of 5.5%. Increasing government support for the development of healthcare infrastructure in developing countries like China and India is providing impetus to the rapid market growth.
Some of the key players operating in the market include Trillium Health Partners, AmSurg Corp, Surgery Partners, Healthway Medical Group, Surgical Care Affiliates, HCA Holdings, Inc., and SurgCenter. These players are adopting various strategies such as acquisition, mergers and expanding their network to strengthen their foothold in the market.
In May 2018, HCTec, a leader in healthcare workforce optimization solutions, announced partnership with Adventist Health, a provider of ambulatory services. HCTec will be providing clinical and technical aid for Adventist's EMR requirements in its Oregon facilities.
In May 2018, a new ambulatory surgery center has been inaugurated in Massachusetts, which is the first one after the state lifted the years-long moratorium. The Shrewsbury center covers an area of 35,000 square foot, and an investment of 31 million dollars has been made jointly by UMass Memorial Health Care, Shields Healthcare Group, and Reliant Medical Group.
Ambulatory Services Market: Information by Type (Primary care Offices, Medical Specialty, Ambulatory Surgery, Outpatient Departments (OPDs) and others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2025 : https://www.marketresearchfuture.com/reports/ambulatory-services-market-2491
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312