Ambulatory Services Market Information, by service type (primary care offices, medical specialty, ambulatory surgery, outpatient departments (OPDs), emergency departments), by region (North America, Europe, Asia Pacific, MEA) Forecast Till 2022
Acknowledging the exponential growth, the market is observing currently; Market Research Future (MRFR) in its recently published study report asserts that the Global Ambulatory Services Market Is Forecasted To Reach Over 3350 Bn. USD By 2022 Growing At A CAGR Of 5.1 % From 2017 To 2022.
Ambulatory service or ambulatory care is a broad term used to describe medical care performed at the OPDs or on an outpatient basis, without admission to a hospital or other facility. Ambulatory Services Centers only treat patients with chronic or non-severe acute conditions providing dialysis clinics, ambulatory surgical centers, hospital outpatient departments, and others.
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Many medical procedures and surgeries once provided in hospitals have shifted to ambulatory services thanks to technology advancements. Ambulatory services executives coordinate all aspects of outpatient care instead of Doctors and Nurses, making sure the ASC has the strong clinical, financial, and operational footing needed to deliver top-notch patient services.
Besides, rapidly undergoing through transformations, advancements in genetics, biomedical, and information technology; Healthcare sector is ushering towards effective personalized treatments for the patients. Simultaneously, accepting the customer-centric approach HC sector today strives to create positive consumer experiences. And to suffice this, the sector prompts extensive demand & wide uptake of Ambulatory Services. Resultantly, the market is increasing pervasively.
Additional factors providing impetus to the market growth include; growing population & urbanization. Wide uptake of advanced technologies, availability of infrastructure for implementation of Ambulatory Care.
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.
- September 4, 2018 – HCA Healthcare Inc. (US), a large operator of healthcare facilities ‘for-profit’ announced the acquisition of North Cypress Medical Center (Houston Area). The deal including four freestanding emergency centers in Barker Cypress, Spring Cypress, Fairfield, and Texas, signifies the expansion of HCA’ care in northwest Houston. Although the deal has no significance to make a large acquisition in order to expand its ambulatory surgery center business, HCA states that it has been selectively adding to the number of ASCs it operates.
- North America accounted for the largest market share with 41.2% of the global Ambulatory Services market in the year 2016.
- Primary care offices market holds the largest market share by service type.
- Ambulatory surgeries is the fastest growing segment at CAGR of 5.5% from 2017 to 2022.
- Asia-Pacific pacific projected to be the fastest growing region with a growth rate of 5.5% for the forecasted period.
- Global Ambulatory Services Market – Competitive Landscape
The market of Ambulatory Services is fragmented and fiercely competitive with the presence of several big & small players forming a competitive edge. These players try to gain competitive advantage through acquisition, strategic partnership, collaboration, expansion, and product & technology launch. To achieve their goals, they invest heavily in the development of facilities.
Global Ambulatory Services Market – Geographical Analysis
North America region accounts for the leading market for Ambulatory Services, acquiring the largest as in, 41.2% of the market share in the global market in the year 2016. The market in the region is further expected to grow at 4.8% CAGR during the forecast period.
Various factors substantiating the market growth include the availability of specialized technique, the presence of large number of ambulatory centers, solid support from the government and various organizations, high patient fulfillment with high quality and low-cost services in the region
Europe & Asia Pacific region accounts for the second & third largest market respectively in the global Ambulatory Services market. The Ambulatory Services market in Europe is expected to grow at a CAGR of 5.3% over the assessment period (2017 to 2022).
Whereas, the increasing patient pool coupled with the demand for more Ambulatory Services Centers drive the market growth in the APAC region. Owing to the rising funding and proliferating infrastructures for healthcare, mainly in countries like China and India the Asia Pacific market is emerging as one of the lucrative markets, globally. The Ambulatory Services market in the APAC is projected to grow at 5.5% CAGR over the review period.
The MEA Region (the Middle East & Africa) will perceive a steady growth during the forecast period.
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