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The global ambulatory health care service market has been estimated at USD 2581.7 billion in 2017. The market is expected to register a CAGR of 6% during the forecast period, 2018 to 2023. North America was the largest regional market with revenue share estimated at over 40% owing to increasing population with chronic diseases and favorable reimbursement for ambulatory services in the United States. while AsiaPacific was estimated to register the fastest CAGR through the forecast period, 20182023.
Global ambulatory care services market is expected to witness a great profit in the coming years because of increasing demand for home healthcare service by patients as it is more convenient and less stressful. The Outpatient care is being provided efficiently and economically. The ambulatory care includes diagnosis, observation, consultation, treatment, intervention, and rehabilitation services with advanced medical technologies due to which the need for inpatient care is reduced. Ambulatory care services is one of the major contributors to the hospital revenue and to the performance of the health care system. In addition, telephone consultations, rehabilitation visits, and emergency visits to the patients along with the normal visits, expected to attract more patients towards these services which offers a great contribution to financial outcome.
Rising Geriatric Population
The key factors that drive the market are growing incidences of various chronic diseases, According to WHO chronic diseases were responsible for 38 million 68% of the world's 56 million deaths in 2012. And the advances in technology and rising geriatric population is rising the market as per the data from World Population Prospects, between 2015 and 2030, the number of people with age 60 years and over is estimated to grow by 56%, from 901 million to 1.4 billion globally. The high demand for minimally invasive surgeries also contributes to the growth of ambulatory service market as patients recover faster in shorter duration of time with less charges in comparison to inpatient centers. Thereby, the costefficiency of the wellequipped ambulatory service centers is a key driver for its market growth. And others factors such as new reimbursement rules set by the government, rising chronic diseases and technology advancements are also driving the market.
Frequent Missed/Delayed Diagnosis
The constraints for this service include missed/delayed diagnosis and the incidence of adverse drug events ADE, the adverse drug events are increasing every year, according to the United States department of health and human services these ADEs result in more than 770,000 injuries and deaths each year and may cost up to USD 5.6 million per hospital. Along with the others factors such as adverse drug events and ineffective communication are the major restraints for the growth of the market.
North America to dominate the Market
North America was the largest regional market with revenue share estimated at over 40% owing to increasing population with chronic diseases and favorable reimbursement for ambulatory services in the United States. While AsiaPacific was estimated to register the fastest CAGR through the forecast period, 20182023.
Key Developments in the Market
December 2017: Surgery Center of Long Beach SCLB is First in the Nation to Receive AAAHC's New Orthopaedic Certification.
December 2017: UnitedHealth Group's Optum announced Wednesday that it is buying DaVita Medical Group.
Major Key Players: AMSURG, APRIA HEALTHCARE, DAVITA HEALTHCARE, LVL MEDICAL GROUP, FRESENIUS KABI, SONIC HEALTHCARE, HOSPITAL CORPORATION OF AMERICA HCA HOLDING, INTERGRAMED AMERICA INC., SYMBION Inc.
Reasons to Purchase this Report
Current and future Ambulatory health care service market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter's five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet in excel.
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Original Article: Global Ambulatory Health care Service Market Segmented by Type of Surgery, product, Application and Geography Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $4250NEXT ARTICLE
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