Global Ambulatory Services Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s ambulatory services market report forecasts the ambulatory services market size to grow to $5.33 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.
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Ambulatory Services Market Size Forecast
The global ambulatory services market is expected to grow from $3.32 billion in 2022 to $3.68 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ambulatory services market size is expected to reach $5.33 billion in 2027 at a CAGR of 9.7%.
North America held the largest ambulatory services market share.
Key Ambulatory Services Market Driver – Rise In The Prevalence Of Chronic Diseases
According to a report released in January 2023 by the National Centre for Biotechnology Information, a branch of the National Institutes of Health based in the United States, by 2050, there will be 142.66 million Americans with at least one chronic condition, up from 71.522 million in 2020. This is an increase of 99.5%. As a result, the increasing prevalence of chronic diseases will drive the ambulatory services industry in the future.
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Key Ambulatory Services Market Trend – Technological Advancement
Ambulatory service providers’ major focus is on developing sophisticated technology to increase their market position. For example, in May 2022, HealthViewX, a healthcare technology firm based in the United States, unveiled the Virtual Clinic App, a cutting-edge platform that enables online digital evaluation and management (E/M) care services. Clinical professionals can use this application to boost patient engagement through e-visits and change care delivery without having to worry about establishing a virtual clinic. The system provides an immersive and patient-centric view of clinical procedures by combining customised software modules for patient intake, scheduling, documentation, imaging, and analytics in a single interface. As ambulatory practises transition to a post-COVID future, the demand for extended service through virtual visits and care continuity will persist.
Ambulatory Services Market Segment
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
Ambulatory Services Market Major Players and Strategies
Major players in the ambulatory services market are Surgery Partners Inc., HCA Healthcare, Terveystalo Healthcare Oy, Aspen Healthcare Limited, AmSurg Corp., Surgery Partners, Symbion Inc., Tenet Healthcare Corporation, IntegraMed America Inc., LHC Group Inc., Universal Health Services Inc., SCA Health, SurgCenter, Healthway Medical Group, Envision Healthcare, and DaVita HealthCare.
Change Healthcare was acquired for roughly $13 billion by UnitedHealth Group, a US-based insurance and healthcare firm, in October 2022. This acquisition will allow UnitedHealth Group to enhance its healthcare technology capabilities and provide patients with more comprehensive ambulatory care services. Change Healthcare is a healthcare technology firm based in the United States that focuses on clinical solutions, rev cycle solutions, and ambulatory solutions (non-acute).
The Ambulatory Services Global Market Report 2023 covers regional data on ambulatory services market size, ambulatory services market trends and drivers, opportunities, strategies, and ambulatory services market competitor analysis. The countries covered in the ambulatory services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Ambulatory services are those offered to patients who do not require hospitalisation or a lengthy stay. In comparison to inpatient hospitalisation, ambulatory services provide patients with better flexibility, convenience, and cost-effectiveness. Preventive care, diagnosis, treatment, rehabilitation, and other medical procedures are among the services provided.
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