The new report by Expert Market Research titled, ‘Global Ambulatory Services Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global ambulatory services market, assessing the market based on its segments like type and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2020): USD 3 Trillion
- Forecast CAGR (2022-2027): 6.1%
- Forecast Market Size (2026): USD 4.3 Trillion
Owing to the use of modern technologies such as electronic health records (EHR) the process of drug procurement, and primary and follow-up treatment has enhanced. Additionally, along with electronic health records, the use of computerised prescription systems in primary care offices is expected to improve the treatment quality and grow in the forecast period. The growing expenditure in healthcare is aiding the expansion of outpatient clinics. Increasing incidences of cases of chronic illness and hospital re-admission in the Asia Pacific region are leading the industry towards growth. Moreover, government in China supports the option of online appointments and payments using mobile applications to eliminate the trouble of lengthy queues at outpatient facilities.
Definition and Major Segments
Ambulatory care, also called outpatient care, refers to medical services that are performed without admission to a hospital or other facility. However, this type of care can include use of advanced technologies even when offered outside a hospital setting. The medical services involve diagnosis, observation, consultation, treatment, among others.
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On the basis of type, the market is segmented into:
- Primary Care Offices
- Emergency Departments
- Surgical Speciality
- Ophthalmology
- Orthopaedics
- Gastroenterology
- Pain Management
- Plastic Surgery
- Others
- Medical Speciality
The major regional markets include:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Market Trends
The growth of the global ambulatory services market is being driven by the rising preference for outpatient care. It is cost-effective and does not require a stay at the hospital. Government initiatives and funding for ambulatory services is also boosting the growth of the market. With the advancement in technologies and processes that are minimally invasive and its consequent rise in demand amongst people is propelling the desirability of ambulatory healthcare facilities. For instance, the development of laparoscopy and endoscopy has reduced the requirement for long stays at the hospital. It is anticipated that over the forecast period, various business strategies like geographic growth, mergers and acquisitions and product launches by established firms will push the growth of the market higher.
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Key Market Players
The major players in the market are Envision Healthcare Holdings, Inc., Surgery Partners, Inc., HCA Management Services, L.P., Terveystalo Healthcare Oy, and Aspen Healthcare Limited, among others.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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