Home > > Pharmaceuticals And Healthcare > > Ambulatory Services Market Size, Share Analysis & Growth Report, 2031
Id: CBI_ 1501 | Pages: 254 | Format : PDF | Published : | Author : Pawan Chasta
Ambulatory Services Market size is estimated to reach over USD 960.87 Million by 2031 from a value of USD 716.43 Million in 2023, growing at a CAGR of 4.3% from 2024 to 2031.
Ambulatory services are defined as the medical care offered on an outpatient basis. This means that a patient would get a diagnosis, treatment, and preventive care on the day without staying overnight at the admitted facility. The key components of ambulatory services include outpatient care, minor surgical procedures, emergency services, physical therapy, and specialty care. They also offer diagnostic services like lab tests, X-rays, CT scans, etc. Ambulatory services focus on offering high-quality and satisfactory medical care while lowering hospital admission costs. They have a myriad of other benefits, such as the easy convenience of minimizing time spent in a hospital which lessens the risk of catching infections. It also results in better patient health outcomes in the long term. They are employed within various industries, such as hospitals, clinics, private practices, etc.
Outpatient care offers more affordable medical attention reducing the need for frequent long-term hospital admissions. This results in minimum overhead costs, which tends to be beneficial for both healthcare workers and patients. Outpatient care is also less invasive. It results in efficient surgeries and allows patients to have a speedy recovery without the heightened risk of frequent complications. This type of medical care is more convenient for patients, especially the aging demographic. The provisions of reduced waiting times and short visitations are helpful for patients who tend to avoid the stressful environment of inpatient care.
Therefore, as healthcare policies shits to encourage outpatient care as a cost-effective measure, it results in ambulatory services market expansion.
Ambulatory outpatient services often lack the high-tech infrastructure, specialized equipment, and enhanced medical technologies that ensure the smooth functioning of complex surgeries. For example, multi-organ transplants or open-heart surgery require intensive care, expert surgical teams, and immediate post-operative recovery monitoring. This is more suitable for inpatient care than outpatient care. Ambulatory facilities are also not equipped to handle medical emergencies, such as severe bleeding. In situations like these, patients often need critical emergency care, limiting the efficiency of ambulatory care settings. Moreover, ambulatory centers offer basic anesthesia which is not effective for deep sedation.
Therefore, as patient safety and risk management are highly curbed by limited resources of services, the ambulatory services market growth is evidently limited.
Telemedicine offers patients, particularly from remote locations, easy access to ambulatory outpatient care without physically visiting a healthcare center. The patients can conveniently have follow-up visits, virtual consultations, etc. from the comforts of their homes. This flexibility raises patient satisfaction and engagement. It makes getting medical care cost-effective too, which encourages the patients to seek timely ambulatory care. Telemedicine also is especially helpful in the management of chronic illnesses, such as diabetes, heart ailments, etc. as they require regular monitoring and intermittent follow-ups. For ambulatory surgery centers (ASCs) telemedicine streamlines preoperative checkups via virtual consultations by assessing the patient's fitness for surgery. It also helps in determining the post-operative recovery rates of patients by addressing residual issues. This lowers the probability of complications which conventionally requires emergency visits.
Thus, the ambulatory services market opportunity grows with the incorporation of telemedicine as it optimizes the influx of patients and ensures operational efficiency.
The market is segmented based on type of service into Primary Care Offices, Emergency Departments, Surgical Centers, Outpatient Departments (OPD), Rehabilitation Centers, Diagnostic Centers, Telehealth Services, and others.
Trends in the Type of Service:
Primary Care Offices accounted for the largest revenue in the ambulatory services market share in 2023.
Telehealth Services are expected to have the fastest-growing CAGR during the forecasted period.
The market is segmented based on the mode of delivery into In-Clinic, Telemedicine, Mobile Healthcare Services, and Home Care Services.
Trends in the Mode of Delivery:
In-Clinic Services accounted for the largest revenue in the ambulatory services market share in 2023.
Telemedicine is expected to have the fastest-growing CAGR during the forecasted period.
The market is segmented based on application into Ophthalmology, Orthopedics, Gastroenterology, Cardiology, Neurology, Gynecology, Dermatology, and others.
Trends in the Application:
Ophthalmology accounted for the largest revenue share of 25.28% in the ambulatory services market in 2023.
Cardiology is expected to have the fastest-growing CAGR during the forecasted period.
The market is segmented based on end-users into Hospitals, Ambulatory Surgery Centers (ASCs), Clinics & Physician Offices, Home Healthcare Providers, and others.
Trends in the End-User:
Hospitals accounted for the largest revenue share in 2023.
Ambulatory Surgery Centers (ASCs) are expected to have the fastest-growing CAGR during the forecasted period.
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
North America is valued at USD 283.35 Million in 2023 and is projected to grow by USD 384.64 Million in 2031. Out of this, U.S. accounted for the maximum revenue share of 67.25%.
In North America, the healthcare system highly focuses on value-based care. This means that healthcare workers are more sought after for the quality of their care than the number of patients they diagnose per day. This makes ambulatory services attractive to the demographic population in this region as they offer minor surgeries, intermittent checkups, etc. which are also covered in health insurance packages.
Asia Pacific (APAC) region, especially in countries like China, India, Japan, etc., where the prevalence of chronic diseases is quite high, ambulatory healthcare is much sought after. These services provide outpatient care without burdening patients with enormous admission fees, making them cost-effective.
Europe is home to the highest number of aging demographics and this demands ongoing medical care. Inpatient services often become frenzied for patients, especially those having chronic conditions such as cardiovascular diseases arthritis, etc. This has raised the ambulatory services market demand in the region.
The Middle East and Africa (MEA) is focused on medical infrastructural development and the governments have seen investing heavily in the healthcare industry. It has led to the growth of ambulatory care centers as they are more reliable to the broader population. The ambulatory services market analysis depicts that in the Latin American region, especially Mexico, Chile, Brazil, etc. has utilized the provision of telemedicine and digital healthcare industry to expand the reach of outpatient services.
The ambulatory services market is highly competitive with major players providing products and services to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the global ambulatory services market. Key players in the ambulatory services industry include:
Product Launches:
Mergers and Acquisitions:
Partnerships and Collaborations:
Investments and Funding:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 960.87 Million |
CAGR (2024-2031) | 4.3% |
By Type of Service |
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By Mode of Delivery |
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By Application |
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By End-User |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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Ambulatory Services Market size is estimated to reach over USD 960.87 Million by 2031 from a value of USD 716.43 Million in 2023, growing at a CAGR of 4.3% from 2024 to 2031.
The major players in the market include HCA Management Services, L.P. (USA), TH Medical (USA), Envision Healthcare (USA), Fresenius Medical Care Asia Pacific Limited (Germany), DaVita Inc. (USA), Universal Health Services (USA), CHSPSC, LLC. (USA), Ramsay Health Care (Australia), Pediatrix Medical Group (USA), Terveystalo (Finland)
The ambulatory services market is segmented into type of service, mode of delivery, application, and end-user industry.
Asia Pacific is the fastest-growing region in the ambulatory services market.