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The global ambulatory healthcare service market size is estimated to increase by USD 1,207.02 billion growing at a CAGR of 6.38% between 2022 and 2027.
The growth of the market depends on several factors, including the increasing prevalence of infectious diseases, the growing geriatric population, and the rising demand for minimally-invasive surgeries. The global ambulatory healthcare service market is highly fragmented due to the presence of a diverse range of international and local vendors. However, these vendors are increasingly losing their market share to small- and medium-sized vendors owing to price differentiation. The vendors adopt competitive pricing to consolidate their shares in the market. These vendors provide cost-effective equipment with limited features and functionalities. Furthermore, as the global players are increasing their footprint, local vendors are finding it difficult to compete with them, especially on parameters such as quality and features. At the same time, global vendors face competition from local vendors in terms of lower pricing. Opportunities such as technological advancement, and rising demand for minimally invasive surgeries are motivating the market players to stand out in the global ambulatory surgical healthcare service market which in turn is helping the market to grow.
This market report extensively covers market segmentation by type (primary care offices, emergency departments, medical specialty offices, and surgical specialty offices), application (ophthalmology, gastroenterology, orthopedics, pain management, and others), and geography (North America, Europe, Asia, and Rest of World). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing prevalence of infectious diseases is notably driving the market growth, although factors such as intensifying vendor competition may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing prevalence of infectious diseases is notably driving the ambulatory healthcare service market growth. The primary reasons behind infectious diseases around the world are multi-drug resistance (MDR) among microorganisms as well as an increase in new bacterial and viral diseases. The recent outbreaks of infectious diseases like Ebola, Zika, dengue, the Middle East respiratory syndrome, influenza, and severe acute respiratory syndrome have significantly increased concerns about global health.
Additionally, the rapid increase in population, changes in lifestyle, and climate have rapidly increased the spread of infectious diseases. The demand for ambulatory healthcare services has been boosted due to an increase in the need for immediate medical relief, and the demand for ambulatory healthcare services. Furthermore, the COVID-19 pandemic has played a major role to accelerate the vendors’ growth opportunities and several countries even launched specific air ambulances to provide COVID emergency services. Therefore, during the forecast period, it is estimated that there will be a significant amount of growth opportunities provided to the vendors.
Favourable reimbursement policies are the primary trend driving the ambulatory healthcare service market growth. The global market for ambulatory healthcare services is expanding as a result of favourable reimbursement policies. As the transportation of patients in any other vehicle could put their health in danger, Medicare Part B in the US covers ground ambulance transportation for medically essential services when patients need to be transported to a critical-access hospital or skilled nursing facility.
When ground transportation cannot be provided for emergency services, Medicare may additionally cover air ambulance transportation. If patients have a documented order from their doctor stating that ambulance transportation is required, Medicare may also pay for non-emergency ambulance transportation.
intensifying vendor competition is the major challenge impeding the ambulatory healthcare service market growth. In the fragmented worldwide market for ambulatory healthcare services, there are service providers acting as educators, primary care extenders, and patient advocates, as well as those who are expanding into the field of mobile healthcare services. It is a market that is highly competitive because of the presence of various regional or local vendors along with several brands. Additionally, to provide ambulatory healthcare services some vendors have long-term agreements with government agencies.
The presence of various regional vendors in the global market ensures that there is no monopoly dominating the market. The vendors compete based on service, consulting, delivery time, air and road ambulance service, and long-term engagement with buyers. With new regional vendors coming into play who can offer similar services at a much lower price as compared to the existing regional vendors, the competition is intensified. Due to this many large vendors have partnered with local ambulatory healthcare service providers in significant countries. This intensified competition among vendors will impact negatively the market growth during the forecast period.
The market 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 growth strategies.
Global Ambulatory Healthcare Service Market Customer Landscape
Vendors 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 operates under multiple segments including laboratory, diagnostic imaging, etc. with a high focus on laboratory. The company under this segment offers Pathology and clinical laboratory services provided in Australia, New Zealand, the United Kingdom, the United States of America, Germany, Switzerland, Belgium, and Ireland. The company's key offerings include ambulatory healthcare services in centers such as IPN Medical Centres, Sonic HealthPlus, and Australian Skin Cancer Clinics.
The ambulatory healthcare service market report also includes detailed analyses of the competitive landscape of the market and information about 9 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the primary care offices segment will be significant during the forecast period. Primary care offices mainly refer to a particular location where patients are visited by a primary care physician (PCP). These physicians can provide treatment to both inpatient and outpatient clients. PCPs majorly provide guidance directly to particular medical treatments like prescribing medications.
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The primary care offices segment shows a gradual increase in the market share of USD 112.85 billion in 2017 and continue to grow by 2021. They might also suggest contact information about a specialist who has the potential to examine more targeted healthcare issues. Some examples of PCPs include family medicine doctors, gynecologists, and pediatricians. They are the regular doctors that perform annual checkups and other basic medical procedures. 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 ambulatory healthcare service market is expected to grow during the forecast period.
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North America is projected to contribute 38% growth by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
During the forecast period, the market is estimated to grow in North America due to an increase in investments in healthcare facilities, key vendor presence, and strict government regulations on environmental monitoring in healthcare facilities. Healthcare services have expanded due to the increase in the number of people aged 65 years and above. The increased requirement to deliver efficient healthcare services has led to the adoption of automated solutions for treatment along with environmental monitoring by healthcare facilities. This too is projected to accelerate the market growth in this region. The increase in both the aged population and diseases that are chronic like diabetes results in the increasing prevalence of ophthalmic diseases. 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 COVID-19 pandemic has impacted the growth of the market positively in North America. The huge number of cases increased the demand for ambulatory healthcare services for the emergency and non-emergency transportation of COVID-19-infected patients in 2020 and early 2021 in the region. COVID-19 patients experience respiratory distress or shortness of breath, which demands ambulatory healthcare services to transport patients to COVID-19-specific healthcare facilities. Also, with the implementation of the vaccination drive and the uplift of lockdown, the regional ambulatory healthcare service market is expected to grow in North America during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.
The reports categorize the global ambulatory healthcare service market as a part of the Health Care Services. The parent global healthcare supplies market covers products and companies engaged in R&D of a variety of product categories spanned across medical consumables that are used for the diagnosis and treatment of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Ambulatory Healthcare Service Market Scope |
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Report Coverage |
Details |
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Page number |
147 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.38% |
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Market growth 2023-2027 |
USD 1,207.02 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
5.68 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 38% |
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Key countries |
US, Germany, UK, China, and India |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aspen Healthcare Ltd., DaVita Inc., EBOS Group Ltd., Envision Healthcare, Fresenius SE and Co. KGaA, HCA Healthcare Inc., Medical Facilities Corp., Sonic Healthcare Ltd., Suomen Terveystalo Oy, and Surgery Partners Inc. |
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Market dynamics |
Parent market analysis, 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 |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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