Report Overview
The Global Ambulatory Healthcare Services Market size is expected to be worth around USD 1415 Billion by 2033, from USD 836 Billion in 2023, growing at a CAGR of 5.4% during the forecast period from 2024 to 2033.
Also known as outpatient care facilities, these services offer services such as consultation, diagnosis, treatment and intervention. Various services including ophthalmology, gastroenterology, pain management, plastic surgery, genecology and other services are represented by ambulatory centers. These services were developed with the help of doctors to enhance patient care, quality and affordability.
The frequency of chronic illnesses, urgent situations, mishaps and other medical conditions could call for ambulatory care. In a variety of ambulatory settings, one can meet physicians, nurses, physical therapists, surgical technologists, medical lab technologists, and administrative staff. Nowadays, hospitals have been shifting numerous services to outpatient facilitates, as numerous activities including diagnostic procedures, dental services, dermatological services, and minor surgical and medical procedures are carried out in outpatient settings.
The global ambulatory healthcare services market is robustly thriven by rising prevalence of chronic illnesses due to rapidly aging population and greater longevity of people with chronic conditions. Along with this, the presence of multiple diseases in the same individual is the another pushing factor for market growth. Due to rising chronic disease cases across the globe, there is an abrupt demand for healthcare systems, thus propelling the dimensions of ambulatory healthcare services.
- According to World Health Organization, in 2020, chronic disease prevalence raised by 57%.
- According to World Health Organization, chronic diseases were accounted to cause almost three quarters of all death in 2020, across the globe. Amongst these, 71% of deaths may be caused by ischaemic heart disease, 75% due to stroke, and 70% due to diabetes.
Key Takeaways
- Based on type, primary care offices secured a notable market share of 26.5%, dominating the global ambulatory healthcare services market in the year 2023.
- Based on application, owing to rising incidences of gastric diseases, gastroenterology segment is at the centre stage of gobal ambulatory healthcare services market.
- Rising government investment and rise in elderly population fuels the demand for ambulatory healthcare services market.
- The market for ambulatory healthcare services market can impede in near future due to rising cases of misdiagnosis by the healthcare practitioners.
- North America marks a prominent place in the global ambulatory healthcare services market in 2023.
- Asia-Pacific is expected to boost faster during the forecast period.
Type analysis
Primary care offices segment rules the ambulatory healthcare services market
Based on type, the global ambulatory healthcare services market is broadly classified into Primary Care Offices, Medical Specialty, Emergency Department, Surgical Specialty, Diagnosis, Observation, Consultation, Treatment, Intervention and Rehabilitation Services segment. Amongst these, an instrumental role is played by primary care offices segment, accounting a laudable market share of 26.5% in the year 2023.
The segmental dominance is by virtue of increasing necessity for quick, efficient and high quality medical services as an alternative to inpatient treatment. Furthermore, investments are been made by government and non-governement organizations towards general practitioners’ businesses to turn them into community based care models.
Furthermore, the segment promises to dominate the market in the near future due to adoption of new technology like electronic health records and automated prescription system coupled with enhanced patient care. The market grows significantly due to growing partnerships between between major organizations aiming to offer affordable access to wide range of treatments.
- For instance, in order to acquire ownership of 244 ASCs, 20 imaging centres and 16 short stay surgical hospitals in United States, Tenet Healthcare and United Surgical established a joint venture.
Application Analysis
Gastric diseases led gastroenterology segment to dominates the market in 2023
Based on application, the global ambulatory healthcare services market is fragmented into Orthopedics, Opthalmology, Gastroenterology, Plastic Surgery, Pain Management or Spinal Injections and other segments.
Gastroenterology segment overshadowed the global ambulatory healthcare services, accounting a praiseworthy market revenue share of 49.2% in the year 2023. The segment flourishes vigorously by virtue of rising prevalence of gastric diseases around the world, which are as a result of sedentary lifestyles adopted by people.
- As per data of medicare, approximately 21% of ambulatory surgical centres billed of gastroenterology in the United States in 2018.
Moreover, owing to rise in accidents involving burns, maxillofacial injuries, rhinoplasty, high disposable income, and low self-esteem, plastic surgery segment is anticipated to grow fast during the prophecy period.
Key market segments
By Type
- Primary Care Offices
- Medical Specialty
- Emergency Department
- Surgical Specialty
- Diagnosis
- Observation
- Consultation
- Treatment
- Intervention
- Rehabilitation Services
By Application
- Orthopedics
- Opthalmology
- Gastroenterology
- Plastic Surgery
- Pain Management or Spinal Injections
- Other
Market Drivers
Rising prevalence of communicable & non-communicable diseases
The global ambulatory healthcare services market is pushed optimistically towards growth due to rising pervasiveness of communicable and non-communicable diseases globally. Patients dealing with diverse communicable and non-communicable diseases necessitates an ultimatum for advanced treatments, thus fostering the demand for ambulatory care services.
- According to World Health Organization, non-communicable diseases kill around 41.5% of people every year, which approximately to 74% of all deaths globally.
- According to Centre for Disease Control and Prevention, communicable diseases such as Hepatitis B affected approximately 296 million people, including over 6 million, causing 820,000 deaths per year.
Growing geriatric population
The market for ambulatory healthcare services propels with the rising geriatric population all over the globe. Ambulatory care services helps elderly population to enhance their accessibility, support holistic healthcare, and empower geriatric population to maintain independence in their communities by addressing preventive and chronic healthcare needs.
- According to World Health Organization, by 2030, 1 out of every 6 individuals would be 60 years and above, that means the population aged 60 or above is expected to scale from 1 billion in 2020 to 1.4 billion.
Market Restraints
Delayed or Misdiagnosis of diseases
Though several benefactors are associated with ambulatory healthcare services, but unfortunately the market is still anticipated to showcase negative scale by virtue of missed or delayed diagnosis by ambulatory care centers.
For instance, most of the times, doctor fail to diagnose a serious illness (e.g. cancer). These major mistakes often takes place as a result of multiple malfunctions, individuals and systems diversities, causing damage towards patient care and treatment. These mistakes can cause serious damage to individuals and even lead to fatality of the patients.
- According to a recent study published in BMJ quality and Safety, around 12 million individuals opting for outpatient medical treatment in the United States gets a misdiagnosis every year.
Opportunities
Rising investment offers significant opportunities for market expansion
Diverse significant opportunities are grabbed by global ambulatory healthcare services market by virtue of growing government initiatives in primary healthcare facilities with the aim to provide more accessible medical care. NHS reforms in February 2016, increased their funding for general physicians to loose the pressure on accident and emergency departments, which fostered the prospects of Primary Healthcare Properties (PHP).
In addition, the market is also anticipated to boost in the near future by virtue of various business strategies by prominent market players. There is a keen focus to develop ambulatory solutions that enable various processes, such as electronic referral processes, for smooth patient coordination. The solution enhances insights into patient care journeys, crucial for streamlined care transitions, ameliorate patient outcomes and enhance quality of care at a reduced total cost.
- CarePort Ambulatory incorporates an electronic referral process, allowing providers to connect patients with diverse services seamlessly. From over 1,000 CarePort customer hospitals it integrates real-time information, supporting efficient monitoring of patient discharges, transfers, and readmissions for enhanced care coordination.
Impact of macroeconomic factors
The global ambulatory healthcare services market is significantly impacted by fluctuations in healthcare policies and regulations, including reimbursement rates, healthcare reform and licensing requirements. To exemplify, the demand for ambulatory healthcare services up scales with the presence of policies that promote outpatient care in comparison to in patient care.
Another crucial factor affecting the market pretense encompass demographic factors such as aging population, population growth, and changes in disease profiles. These factors necessitates the demand for healthcare services, including ASCs to treat vital chronic conditions and prevent them on its onset stage. Thus, these factors impact the demand for ambulatory healthcare services, thereby affecting its economy across the globe.
Latest Trends
Remote Patient Monitoring
Continuous monitoring of patients is now done by ambulatory surgical centers aided by remote patient monitoring technologies. This enables the patients and healthcare practitioners to monitor patients’ vital signs, symptoms, and medication adherence from a distant location. Thus, this technology results in amelioration of patient outcomes, minimize hospital readmissions, thereby enhancing efficiency of care delivery.
Mobile Health Applications: partnerships are held between ambulatory care centers and mobile health app developers to provide patients with tools for self management, appointment scheduling, medication reminders, and easy approach towards educational resources. This enables the patients to take more active role in healthcare and intensify communication among patients and healthcare providers.
Regional Analysis
North America Dominates the Global Ambulatory Healthcare Services Market
North America came up as a frontrunner in the global ambulatory healthcare services market accounting a commendable market share of 38.5% in the year 2023. The supremacy withheld by the region speaks owing to escalating government initiatives and M&A operations carried out on a large scale. Additionally, the growing number of surgical procedures, increasing number of ASCs and a growing preference for minimally invasive surgeries thrives the market substantially.
- According to U.S Department of Agriculture, in April 2022, Greater Pittston Ambulance Association utilized the USD 226,900 grant to purchase more than 200 medical equipment for ambulatory and emergency services.
- According to Definitive Healthcare’s Surgery View Product, there exists approximately 11,815 ASCs currently in the United States.
On the flip side, Asia-Pacific is anticipated to register fastest growth during the forecast period, owing to increasing healthcare expenditure, rising prevalence of chronic illnesses and cases of rehospitalization. Furthermore, the rising cases of road accidents and escalating demand for emergency medical response is accelerating the market growth.
- According to Government of India Ministry of Road Transport and Highways in 2021, reported approximately 4,12,432 total road accidents in India, claiming 1,53,972 lives and causing injuries to 3,84,448 persons.
Key Regions and Countries
- North America
- US
- Canada
- Europe
- Germany
- France
- The UK
- Spain
- Italy
- Russia
- Netherland
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- New Zealand
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Key Players Analysis
There is intense competition among major market players in the global ambulatory healthcare services market in recent years. Major industry players are adopting various growth strategies such as product launches, partnerships and collaborations and regional expansion to gain higher shares. To exemplify, a partnership was established between McLeod Health and Wesmark Ambulatory Surgery Centre with the aim to expand the reach of McLeod Health and offer multispecialty services for the Sumter community.
Top Key Players in Global Ambulatory Healthcare Services Market
- Envision Healthcare Corporation
- Surgery Partners
- NueHealth
- Hospital Corporation of America Management Services, L.P
- Aspen Healthcare
- Healthway medical group
- Aquity Solutions
- Symbion Pty Ltd
- Medical Facilities Corporation
- DaVita Inc.
- IntegraMed America
- Sonic Healthcare Limited
- Fresenius Kabi AG
Recent Development
- In January 2024:Investments are made by CVS Health & Walgreen Boots Alliance in home healthcare services, leveraging their strong reputation with consumers across the country.
- In May 2022: Surgery Partners, Inc., partnered with ValueHealth, LLC to develop future de novo ambulatory surgery centers, meeting the growing demand for cost-effective, consumer focused surgical care.
- In January 2021: Medical West Hospital, a University of Alabama Medicine Health System member, has announced its retail ambulatory based pharmacy opening, which has a successful start. The pharmacy was founded as part of a joint venture with ShiftRx, which also handled pharmacy’s purchase, upgrades and operations.
