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The ambulatory healthcare service market size is forecast to increase by USD 1366.9 billion at a CAGR of 6.78% between 2023 and 2028. The market is driven by the rising demand for convenient and cost-effective healthcare services. Key technological advancements like telemedicine and remote monitoring are pivotal drivers in this growth trajectory. With the increasing adoption of value-based care and patient-centered healthcare models, the market is poised for steady expansion in the foreseeable future. These trends underscore a fundamental shift towards more accessible and personalized healthcare delivery, aligning with evolving patient needs and expectations. As such, the market is witnessing a transformative phase driven by technological innovations and a heightened focus on improving healthcare outcomes while optimizing costs and accessibility. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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The Market has experienced significant growth due to the increasing prevalence of Chronic Conditions such as Cardiovascular Diseases, Cancer, Chronic Respiratory Diseases, Diabetes, and Kidney Diseases. Technological Advancements have played a crucial role in this growth, with Medical Technology Companies introducing Less Invasive Technologies and Innovative Technologies like Automated Prescribing Systems. The Ambulatory Care Sector, including Primary Care Offices, Outpatient Departments, and Emergency Departments, has become a priority for both Physicians and Patients, leading to an increase in demand for Musculoskeletal-related services. Government Initiatives and regulations, such as those from the World Health Organization (WHO) and Centers for Medicare and Medicaid Services (CMS), have also contributed to the market's expansion. Hospitalization costs have become a concern for many patients, making Ambulatory Care a more cost-effective alternative for Noncommunicable Diseases (NCDs) management. Furthermore, the need for improved healthcare access in Rural Areas and streamlined Drug Procurement Processes has led to increased investment in the Ambulatory Care Sector. Stryker and other Surgical Specialty providers are at the forefront of this trend, offering advanced solutions to meet the evolving needs of the healthcare industry.
The increasing prevalence of infectious diseases is notably driving the market. The Market has experienced significant growth due to the rising prevalence of chronic conditions such as cardiovascular diseases, cancer, chronic respiratory diseases, diabetes, and kidney disease. Technological advancements have enabled the expansion of ambulatory care services, including less invasive technologies and automated prescribing systems.
Moreover, the WHO and various governments, including the CMS and Medicare, have initiated initiatives to increase coverage for out-patient medical services, including physicians, medical technology companies, and surgical and medical specialties. The demand for ambulatory care services has increased due to the need for quick access to medical facilities for surgeries, primary care, outpatient departments, emergency departments, and dialysis clinics. Hence, such factors are driving the market during the forecast period.
Favorable reimbursement policies are the primary trend driving the market. The global market experiences significant growth due to favorable reimbursements for chronic condition management and surgeries. In the US, Medicare covers ground and air ambulance transportation for medically necessary services, including emergencies and non-emergencies.
Moreover, the World Health Organization (WHO) highlights the importance of ambulatory care in managing noncommunicable diseases (NCDs), such as cardiovascular diseases, cancer, chronic respiratory diseases, diabetes, and kidney disease. Physicians and medical technology companies collaborate to provide innovative technologies, less invasive procedures, and automated prescribing systems in the ambulatory care sector. Government initiatives, such as CMS and Medicare coverage, support ambulatory surgical facilities, dialysis clinics, and hospital outpatient departments. Hence, such factors are driving the market during the forecast period.
Intensifying vendor competition is the major challenge impeding the market. The Market caters to the growing demand for out-patient medical services, particularly in managing chronic conditions and post-surgeries. This sector is witnessing significant technological advancement, with medical technology companies and physicians collaborating to offer less invasive technologies and innovative solutions. The market is characterized by a high level of competition, with numerous regional and local companies, including Stryker, competing on service quality, consulting, delivery time, and long-term engagement.
Moreover, the WHO identifies Noncommunicable Diseases (NCDs), such as cardiovascular diseases, cancer, chronic respiratory diseases, diabetes, and kidney disease, as major health concerns, driving the need for ambulatory care. Government initiatives, such as CMS and Medicare coverage, support the growth of this sector, particularly in rural areas and medical specialty and surgical specialty outpatient departments. This intensified competition among companies will impact negatively the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Sonic Healthcare Ltd. - The company offers laboratory, diagnostic imaging, etc. with a high focus on laboratory.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the primary care offices segment will be significant during the forecast period. The global market is projected to expand due to the increasing prevalence of chronic conditions, such as cardiovascular diseases, cancer, chronic respiratory diseases, diabetes, and kidney disease. This growth is driven by the rising number of noncommunicable diseases (NCDs) and the aging population requiring prompt medical attention. Technological advancements in medical technology companies' offerings, like less invasive technologies and automated prescribing systems, are transforming ambulatory care. Primary care offices, including those of family medicine doctors, gynecologists, and pediatricians, play a crucial role in this sector.
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The primary care offices segment showed a gradual increase in the market share of USD 1.15 billion in 2018. They provide essential services, such as annual checkups, basic medical procedures, and referrals to specialists. Outpatient departments, emergency departments, and medical specialty and surgical specialty services are also integral parts of the ambulatory care sector. Government initiatives, such as those by the World Health Organization (WHO), Centers for Medicare and Medicaid Services (CMS), and Medicare coverage, are promoting the growth of ambulatory care. Collaborations between physicians and medical technology companies, like Stryker, are leading to innovative technologies and improved patient care in areas like musculoskeletal-related services and dialysis clinics. Due to the rise in the ageing population, chronic diseases, and illnesses that need prompt medical attention, the primary care offices segment of the global market is expected to grow during the forecast period.
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North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market growth and trends that shape the market during the forecast period.
The Market in North America is projected to expand due to increased investment in healthcare facilities, the presence of major such as Tenet Healthcare and United Surgical, and stringent regulations on environmental monitoring. This growth is driven by the aging population, particularly the baby boomer generation, and rising rates of chronic diseases, including obesity.
Moreover, doctor's offices, hospitals, imaging centers, short-stay surgical hospitals, and specialized services like gastroenterology, orthopedics, ophthalmology surgery, cosmetic surgery, and gastrointestinal surgery are key contributors to this market. Registered nurses, physical therapists, surgical technologists, medical lab technologists, and administrative staff play crucial roles in delivering efficient medical investigations, diagnostic procedures, dental services, dermatological services, and other healthcare services to patients. As the risk of diabetes is estimated to increase with age, the growing elderly population is anticipated to accelerate the demand for ophthalmology devices in the region during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Ambulatory Surgical Centers Market Analysis Growth By Type, Modality and Geography - Forecast and Analysis
North America Ambulatory Surgical Centers (ASC) Software Market Analysis by Type and Deployment - Forecast and Analysis
Electronic Health Records (EHR) Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Canada, UK, Germany, China - Size and Forecast
The market is a significant segment of the healthcare industry, focusing on providing healthcare services outside of hospitals or institutions. Chronically ill, elderly, and disabled individuals often require ongoing medical care, making ambulatory services essential. Surgeries, cardiovascular services, diagnostic services, and technology-related services are some of the key areas driving the growth of this market. The adoption of advanced technologies like telemedicine, electronic health records, and mobile health applications has revolutionized ambulatory healthcare services, making them more accessible and convenient for patients. The demand for these services is increasing due to the desire for decentralized healthcare, cost savings, and improved patient outcomes. Non-communicable diseases, such as diabetes and cardiovascular diseases, are major contributors to the need for ambulatory healthcare services. The market is expected to grow significantly in the coming years due to these factors.
Further, the Ambulatory Healthcare Service Market is experiencing significant growth due to the increasing prevalence of chronic diseases such as obesity, stroke, and gastric diseases in the geriatric population. According to Partners International, the market is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. One of the key drivers of this growth is the increasing popularity of minimally invasive surgical procedures. These procedures offer numerous benefits, including reduced recovery time, lower risk of complications, and lower healthcare costs. Greater Pittston Ambulance and Wesmark Ambulatory Services are among the providers offering these services, utilizing road transport and highways for patient transportation. Outpatient services, including those offered by McLeod Health and medical laboratories, are also contributing to the growth of the market. Dentists are increasingly offering ambulatory services to provide more convenient and cost-effective care for their patients. The trend towards minimally invasive surgeries is particularly notable in the treatment of bdiseases such as HD and gastric diseases.
For example, minimally invasive procedures, Inpatient care, greater Nursing facilities, Social assistance, and availabiltiy of medical store are critical in the treatment of stroke, which affects a large number of older adults. The development of new surgical centers and the expansion of existing ones is expected to further fuel market growth. SurgCenter Development specializes in facilitating minimally invasive surgeries, contributing to efforts to address obesity rates and promote home health care solutions. In conclusion, the Ambulatory Healthcare Service Market is poised for continued growth in the coming years, driven by the increasing demand for minimally invasive surgical procedures, the expanding needs of the geriatric population, and the convenience and cost-effectiveness of outpatient services.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
Market Growth 2024-2028 |
USD 1366.9 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.23 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 43% |
Key countries |
US, Germany, China, UK, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aspen Healthcare Ltd., Ayala Corp., DaVita Inc., EBOS Group Ltd., Envision Healthcare, Fresenius SE and Co. KGaA, HCA Healthcare Inc., Medical Facilities Corp., NueHealth, SCA health, Sonic Healthcare Ltd., Suomen Terveystalo Oy, Surgery Partners Inc., Tenet Healthcare Corp., and Universal Health Services Inc. |
Market dynamics |
Parent market analysis, Market Forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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