Overview and Scope
Ambulatory services refer to the services that are provided to patients who do not require hospitalization or an extended stay. Ambulatory services offer patients greater flexibility, convenience, and cost-effectiveness compared to inpatient hospitalization. These services include preventive care, diagnosis, treatment, rehabilitation, and other medical procedures.
Sizing and Forecast
The ambulatory services market size has grown rapidly in recent years. It will grow from $3.67 billion in 2023 to $4.05 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to shift towards outpatient care, rising healthcare costs, focus on preventive care, patient preference for convenience, growing awareness of ambulatory services ..
The ambulatory services market size is expected to see rapid growth in the next few years. It will grow to $5.99 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to rise in telehealth services, expansion of chronic care management, patient-centered care models, focus on early intervention, telemedicine integration in ambulatory settings.. Major trends in the forecast period include inclusive and equitable healthcare, digital health record integration, shift towards outcomes-based care, enhanced patient experience, expansion of home-based services..
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Segmentation & Regional Insights
The ambulatory services market covered in this report is segmented –
1) By Type: Emergency Departments, Primary Care, Surgical Specialty, Other Types
2) By Services: Surgical Services, Diagnostic Services
3) By Center: Single Specialty Center, Multispecialty Center
4) By Modality: Hospital-Based Ambulatory Surgical Centers, Freestanding Ambulatory Surgical Centers
5) By Application: Ophthalmology, Plastic Surgery, Orthopedics, Gastroenterology, Pain Management, Other Applications
North America was the largest region in the ambulatory services market in 2023. The regions covered in the ambulatory services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising prevalence of chronic diseases is expected to propel the growth of the ambulatory services market going forward. Chronic diseases refer to long-term medical conditions that typically progress slowly over time and can persist for months or years. The rising prevalence of chronic diseases, such as diabetes, heart disease, and cancer, requires ongoing medical care and monitoring, and patients are increasingly seeking convenient and accessible ambulatory services to manage their needs. For instance, in January 2023, according to a report shared by the National Center for Biotechnology Information, a US-based National Library of Medicine, and a branch of the National Institutes of Health, by 2050, there will be 142.66 million American people who have at least one chronic condition. This represents a 99.5% increase. Therefore, the rising prevalence of chronic diseases will drive the ambulatory services market going forward.
Key Industry Players
Major companies operating in the ambulatory services market are focusing on strategic partnership to expand ambulatory surgical centers to provide reliable services. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in December 2021, Atlas Healthcare Partners, an Arizona-based ambulatory surgery center (ASC) development and management company, entered into a partnership with Banner Health, an Arizona-based non-profit health system, to expand their network of ambulatory surgical centers (ASCs) in the Phoenix and Tucson areas with the addition of three new centers in Chandler, Tucson, and Northern Scottsdale, Arizona. The fast expansion of centers has significantly expanded the region’s access to high-quality, inexpensive, and convenient healthcare.
The ambulatory services market report table of contents includes:
1. Executive Summary
2. Ambulatory Services Market Characteristics
3. Ambulatory Services Market Trends And Strategies
4. Ambulatory Services Market – Macro Economic Scenario
5. Global Ambulatory Services Market Size and Growth
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32. Global Ambulatory Services Market Competitive Benchmarking
33. Global Ambulatory Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ambulatory Services Market
35. Ambulatory Services Market Future Outlook and Potential Analysis
36. Appendix
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