Ambulatory Services Market Research Reports 2019 | Global Industry Size, Share, Emerging Trends, Growth Boosted by Demand and Advanced Technology till 2026
Global Ambulatory Services Market
Ambulatory care refers to the medical services provided on an outpatient basis, with no need for hospitalization or other medical facilities. Outpatient services are medical procedures or tests that can be carried out in a medical center without an overnight stay. These services include wellness and prevention, such as counseling and weight-loss programs, as well as diagnosis, such as lab tests and MRI scans. Ambulatory care services majorly contribute to the overall revenue gained by hospitals, and is an integral part of the global health infrastructure. Diagnosis, observation, consultation, treatment, intervention, and rehabilitation services are the key services provided under ambulatory care. In addition, telephone consultations, rehabilitation visits, and emergency visits are other significant services expected to attract more patients, thereby augmenting hospital revenues.
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Cost-saving surgeries accelerate the growth of the global ambulatory services market
According to the Centers for Medicare and Medicaid Services, approximately 35 million ambulatory visits and 20 million surgical procedures were performed in hospital outpatient departments (HOPDs) globally, with around 15 million surgeries performed in ambulatory surgery centers (ASCs). Moreover, Medicare payments to ASCs have increased by around 24%, from $2.9 billion in 2007 up to $3.6 billion in 2012. The primary factors driving the demand for ambulatory services are rising government funding offering team-based primary care, cost-saving surgeries, and government investments in developing ambulatory care facilities. Additionally, the growing prevalence of chronic diseases, rising geriatric population, technological advancements, and new reimbursement rules enforced by the government offering economic advantages, are the other leading factors stimulating the growth of the global market.
The demand for minimally invasive surgeries, faster patient recovery with shorter healing time, minimal surgical charges, and well-equipped ambulatory centers, are further predicted to drive the global market expansion over the forecast period. However, delayed diagnosis, ineffective communication, and adverse drug events act as major restraints for global ambulatory services market growth.
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Global Ambulatory Services Market Taxonomy
On the basis of centers, the global ambulatory services market is segmented into:
- Single Specialty Centre
- Primary Care Offices
- Outpatient Departments
- Emergency Departments
- Multi-Specialty Centre
In terms of modality, the global ambulatory services market is segmented into:
- Freestanding Ambulatory Surgical Centers
- Hospital-Based Ambulatory Surgical Centers
Based on services, the global ambulatory services market is bifurcated into:
- Diagnostic Services
- Surgical Services
In terms of application, the global ambulatory services market is fragmented into:
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Introduction of outpatient strategies is expected to accelerate the ambulatory services market growth in Asia Pacific
The global ambulatory services market is geographically segmented into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. According to the National Center for Health Statistics, the number of outpatient surgery visits in the U.S. increased from 20.8 million in 2006 to 34.7 million in 2016, thereby significantly raising the demand for ambulatory services in the country. North America is foreseen to hold a dominant position in the global ambulatory services market, owing to cost-saving offers eliminating hospital stays, inclination of the ageing population towards outpatient care, and expansion of network with physicians and healthcare providers. For instance, the partnership deal between Tenet Healthcare and United Surgical Partners International (USPI) initiated in 2015 resulted in the undertaking 20 imaging centers, and 265 short-day surgical facilities with 4000 physicians.
The demand for ambulatory services in Europe is expected to surge, owing to a rise in the number of programs organized by the British Association of Day Surgery and Healthcare Conferences, UK, to create awareness about the improved quality of surgeries among patients. Furthermore, Asia Pacific is projected to grow drastically during the forecast period, on account of the increasing healthcare issues, rising incidence of chronic diseases, and government initiatives to introduce outpatient strategies. For instance, the launch of several mobile apps in China and Japan are providing vast medical knowledge and easy booking for outpatient appointments.
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Comprehensive medical services offered by key market contenders fuel the ambulatory services market growth
The key players operating in the global ambulatory services market include Symbion, IntergraMed America Inc., AmSurg Corp., Terveystalo Healthcare, and DaVita HealthCare. The strategies applied by these market players include mergers and collaborations, and other pivotal strategies, to offer comprehensive medical services. For instance, the acquisition of Premier Emergency Medical Specialists (PEMS) by AmSurg in 2015 marked its entry into emergency medicine specialty. Other significant vendors in the global market include SurgCenter, LVL Medical Group, Fresenius Kabi, Apria Healthcare, and Healthway Medical Corporation Limited.
Table of Content
Global Ambulatory Services Market Research Report
Section 1: Global Ambulatory Services Industry Overview
Section 2: Global Economic Impact on Ambulatory Services Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Ambulatory Services Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Ambulatory Services Market Forecast
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