Market Research Future published a research report on “Ambulatory Services Market Research Report- Global Forecast Till 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
An ambulatory service or care is an umbrella term used to describe the medical care provided by OPDs or on outpatient basis without the admission of the patient to the hospital or any other medical facility. An ambulatory service center only treats patients that suffer from chronic or non-severe acute conditions including the provision of ambulatory surgical centers, hospital outpatient departments, and dialysis clinics.
Several medical procedures and surgeries provided in hospitals have been now shifted to ambulatory services due to technological advancements. The service executives coordinate with other aspects of outpatient care instead of doctors and other medical staff, confirming if the ambulatory service centers hold strong clinical, operational, and financial footing required to deliver stellar services.
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As stated by the report by Market Research Future, the ambulatory services market is estimated to garner a revenue of USD 3365.2 billion, expanding at 5.1% CAGR, by the end of the forecast period. Many factors influencing the ascension of the growth graph for the ambulatory services market include continuously ameliorating aging population, cost-effectiveness, government initiatives & funding, as well as easy in-access.
Furthermore, increasing life expectancy is one of the principal factors propelling the growth in ambulatory services market through the forecast period. Rapidly occurring transformations, advancements in genetics, biomedical, and information technology are also expected to drive the global ambulatory services market. Acceptance of a customer-centric approach in the healthcare sector is likely to cause positive market growth for ambulatory services.
Some of the leaders driving the global Ambulatory Services Market include Surgical Care Affiliates, AmSurg Corp, Surgery Partners, Healthway Medical Group, HCA Holdings, Inc., SurgCenter, and Trillium Health Partners.
April 2019: Corticare has acquired Physicians Ancillary Services (PAS) within nine months of acquiring EEG assets of Safe Passage Inc. Corticare is a leading provider of telehealth services and EEG brain monitoring solutions which recently also received investments from HCAP Partners.
MRFR has segmented the global ambulatory services market on the basis of service type and region. Based on service type, the global ambulatory services market is segmented into primary care offices, medical specialty, outpatient departments (OPDs), emergency departments, and ambulatory surgery.
The global ambulatory services market is regionally segmented into Asia Pacific, the Middle East & Africa, Europe, and North America. North America is estimated to garner the largest market share for ambulatory services. North America is expected to expand at a CAGR of 4.8% during the assessment period of 2017-2023. Attributable factors to such growth include specialized techniques available for patients, strong government support, and high patient fulfillment with high quality and cost-effective services. The presence of a huge number of ambulatory service centers is also likely to fuel the growth in North America. Additionally, the presence of many principal market players in North America is anticipated to upsurge market growth for ambulatory services.
Europe is expected to follow North America, capturing the second largest share of the global ambulatory services market. Europe is projected to ascend at a higher CAGR as compared to North America, at 5.3% during the review period. Asia Pacific is anticipated to record the fastest growth, at 5.5% CAGR, for ambulatory services market, globally. This high growth is because of the heavy funding and advancing infrastructure in developing nations such as India and China, including the growth of the healthcare sectors in these economies. The Middle East and Africa are likely to ascend at a steady pace during the forecast period.
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- Ambulatory Services Centers
- Academic research institutes
- Government institutes
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