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The global ambulatory healthcare service market is projected to reach a value of USD 4,537.37 billion in 2027 growing at a CAGR of 6.38% between 2022 and 2027. The market is driven by factors like increasing demand for convenient and cost-effective healthcare services. Technological advancements, such as telemedicine and remote monitoring, are playing a significant role in the growth of this market. The ambulatory healthcare service market is expected to experience steady growth in the coming years due to the rising emphasis on value-based care and patient-centered healthcare models.
Market Overview
The ambulatory market overview emphasizes comprehensive market trends and analysis, including market growth analysis, research, and forecasting. The meticulous market analysis and reports contribute to accurate market forecasting, highlighting the dynamic nature of the industry. The focus is on understanding market growth and trends to provide valuable insights for strategic decision-making.
Analysis Period | 2017-2027 |
Market Size (2017) Historic Year | USD 2628.20 billion |
Market Size (2027) - Forecasted Year | USD 4537.37 billion |
Historic Opportunity (2017-2021) | USD 532.73 billion |
Historic CAGR | 4.72 % |
Forecasted Opportunity (2023-2027) | USD 1207.02 billion |
Market Opportunity Transformation Growth | 72.64 % |
Market Opportunity Capitalization | USD 1739.75 billion |
The ambulatory healthcare service market refers to the provision of medical care to patients in an outpatient setting. It includes services such as diagnostic procedures, minor surgeries, rehabilitation therapies, and preventive care.
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The Ambulatory Healthcare Service Market is witnessing significant growth due to the increasing demand for outpatient care facilities and advancements in ambulatory care technologies. A recent study reveals a surge in the adoption of ambulatory surgery centers (ASCs), particularly in specialties like plastic surgery and gastroenterology. With a rising incidence of multi-morbidity and changing lifestyles, the need for convenient healthcare options has intensified. The World Health Organization's emphasis on ambulatory care aligns with this trend. Countries like Japan, South Korea, and Spain are actively involved, with joint ventures between hospitals and ASCs on the rise, reflecting the market's growth potential. This instance highlights a transformative shift towards patient-centric, ambulatory healthcare solutions.
The ambulatory healthcare market, a critical sector in the healthcare industry, is rapidly evolving with the surge in SurgCenter development. Injuries and disorders drive the need for efficient outpatient care services, addressing a lack in traditional healthcare settings. The segment forecast and projections indicate substantial growth, particularly in Latin America and the Asia Pacific region. Tenet Healthcare Corporation plays a pivotal role, influencing the sector's revenue forecast. Electronic Health Records (EHRs) and prescription systems enhance services, while statistics highlight the frequency of ambulatory visits. This article explores the usage and deployment challenges, emphasizing the significance of ambulatory services market in transforming hand-in-hand with evolving healthcare demands.
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 in accelerating 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, service providers are 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 future outlook of the ambulatory healthcare market appears promising, marked by significant advancements and strategic prospects. In this market, the gastroenterology segments, are expected to witness substantial growth in countries like Italy and Mexico. The emphasis on outpatient care aligns with a global trend to reduce healthcare costs and enhance consumer convenience. Innovations in healthcare infrastructure, particularly in areas like Chicago, contribute to improved consultation services and emergency care.
The market's revenue share is anticipated to be shaped by factors like the rise in obesity rates and associated deaths, prompting a heightened focus on gastroenterology services. The availability and ability of outpatient services, service centers, and assistance of the individuals contribute to a positive trajectory, ultimately impacting the market value and units revenue. However, restraints such as healthcare expenditure challenges must be addressed for the full realization of the market's potential. Overall, the ambulatory healthcare market is poised for expansion with a multifaceted approach encompassing operations, services catered towards the satisfaction of the consumers, and strategic partnerships.
The market growth and 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 market research and growth 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 offers laboratory, diagnostic imaging, etc. with a high focus on laboratory. The company under this segment offers
The ambulatory care services 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 ambulatory patients are visited by a primary care physician (PCP). These physicians can provide treatment to both inpatient and outpatient clients. Most surgical procedures worldwide are estimated to be performed on an outpatient basis. Outpatient visits to ambulatory care centers have increased a lot in the past decade. Patients prefer ambulatory care services due to shorter waiting times compared to hospitals. 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 ambulatory healthcare market region is a cornerstone of the healthcare industry, encompassing diverse aspects of medical care and health services. The industry's focus on outpatient facilities and outpatient medical care underscores the prominence of the ambulatory care market. This region's strategic position in the outpatient healthcare sector is evident in the flourishing outpatient care market, showcasing a dynamic landscape. As a key player in the healthcare services market, Fresenius Kabi contributes to the growth of outpatient surgery and bolsters the overall development of ambulatory healthcare markets, solidifying the sector's role in delivering effective and accessible healthcare services.
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.
What are the latest trends in the ambulatory healthcare service market?
Ans: The latest trends in the ambulatory healthcare service market include a shift towards telehealth, increased focus on patient-centric care, and advancements in electronic health records (EHRs).
Are there any challenges or barriers faced by the ambulatory healthcare service providers?
Ans: Ambulatory healthcare service providers face challenges such as regulatory complexities, interoperability issues, and cybersecurity concerns.
How is the Ambulatory Healthcare Service Market growing?
Ans: The Ambulatory Healthcare Service Market is growing through the adoption of innovative technologies, expansion of outpatient services, and the rising demand for cost-effective and accessible healthcare solutions.
Ambulatory Healthcare Service Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.38% |
Market growth 2023-2027 |
USD 1,207.02 billion |
Market structure |
Concentrated |
YoY growth (%) |
5.68 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 38% |
Key countries |
US, Germany, UK, China, and India |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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. |
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 |
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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