Ambulatory Services Market Research Report, 2016 to 2024: Hexa ResearchA Chapter by Markets InsightsThe global ambulatory services market size was expected to grow at a moderate pace over the next eight years.The global Ambulatory Services Market is
projected to expand at a moderate CAGR
of nearly 6% over the forecast period (2016 to 2024). The industry was
valued approximately USD 2200 billion in 2014. High government expenditure on
ambulatory care services plays a vital role in driving market demand. Implementation of government initiatives that support team-based primary
care could positively impact the market in the years to come. Popularity of day
surgery centers attributes to technological advancements and reduced hospital
stays. Ambulatory services lead to cost savings due to lower hospital stay
costs. Unlike conventional surgeries that require long hospital stays,
non-surgical methods facilitate day surgeries. This attributes to the
availability of resourceful recovery procedures.
The worldwide ambulatory services industry is categorized on the basis
of types and regions. As per types, the divisions are primary care offices,
outpatient departments, emergency departments, surgical specialty, medical
specialty, and others. With revenues surpassing USD 400 billion, primary care
offices led the overall market in 2014. Being the initial point of care,
primary care has been obtaining strong government support. With substantial
financial impetus, governments in a number of regions have successfully
established community care centers.
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Popularity of same-day surgeries and technological advancements drive
the surgery specialty segment. It is anticipated to grow rapidly in the
forthcoming years. A number of acquisitions have been taking place over the
past couple of years in the market for surgery specialty. In 2015, Apollo
Hospital acquired the Nova Medical surgical unit for around USD 24 million.
Such collaborations could significantly contribute to this market segment from
2016 to 2024. Several providers of ambulatory health care operate closely with
other healthcare providers & physicians to expand their worldwide reach.
Tenet Healthcare and United Surgical Partners International came together in
2015 and increased the network for ambulatory healthcare units. Geographically, the global ambulatory
services market is categorized into Asia Pacific, North America, Europe, the
Middle East & Africa, and Latin America. North America dominated the
industry in 2014. Regional drivers are shift of geriatric patients from
inpatient to outpatient care and cost savings brought about by same day
surgeries. The ambulatory services market in Europe is a gradually expanding
one. The region is fueled by popularity of newer types of anesthesia that cause
minimal discomfort to patients. This ensures rapid recovery without hospital
stays.
Asia Pacific is poised to grow at a CAGR surpassing 7% over the forecast
period. Burgeoning healthcare costs because of widespread prevalence of chronic
ailments is causing companies & governments take to the “outpatient” trend.
China has introduced mobile apps that facilitate outpatient medical
appointments & payments for the same. This app in turn brings down long
waiting times.
Prominent companies operating in the worldwide ambulatory services
market are Medical Facilities Corporation, Nueterra, Aspen Healthcare, Surgery
Partners, and Symbion. Some of the commonly used ambulatory software are
ambulatory EHR/EMR, ambulatory practice management (PM), ambulatory patient
portal, and ambulatory medical billing. Electronic health records (EHRs) are
central repositories for patient and patient-care related data, such as
progress notes, lab orders, and medication lists. Practice management systems
are repositories for administrative data, such as workflow management,
appointment scheduling, and patient registration. In most ambulatory facilities,
patient portals are primary methods of communication that takes place between
healthcare providers and patients.
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Added on February 17, 2017 Last Updated on February 17, 2017 Tags: ambulatory services market, ambulatory services market share, ambulatory services market size, ambulatory services market analy, ambulatory services market trend, ambulatory services market growt AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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