Ambulatory Services Market Outlook To 2024
The global ambulatory services market was valued at $2.3 tn in 2016 and is forecast to grow at a modest 5.8% CAGR between 2017 and 2024, culminating in 2024 global sales of $3.7 tn.
The demand for ambulatory service centers is expected to rise significantly over the next few years, owing to factors such as growing healthcare expenditure, the rise in the prevalence of chronic diseases, increasing government initiatives and high unmet medical needs across the globe. The benefits associated with ambulatory surgery centers (ASC) include low cost of operations, reduced hospital stay, faster turnaround time and access to quality healthcare services. The concept of ambulatory surgery centers has gained positive response from different stakeholders such as patients, physicians, payors and administrators.
Governments across the globe are constantly increasing the healthcare budgets, but the outcomes are not realized due to several inefficiencies in the healthcare delivery landscape. With the presence of ambulatory service centers, the number of people who can be treated has increased significantly. The U.S. accounts for the highest spending toward healthcare as a percentage of GDP. In 2015, as per the CMS data the U.S., healthcare expenditure was 3.2 trillion and is expected to rise significantly over the next few years. Based on the type of service hospital care accounts for 32% of expenditure, followed by physician and clinical services with 20% share, dental services account for 4% share and the rest is shared by various other services including home healthcare and personal care services.
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Key findings from the study: -
o The global ambulatory services market was valued at $2.3 tn in 2016 and is forecast to grow at a modest 5.8% CAGR between 2017 and 2024, culminating in 2024 global sales of $3.7 tn.
o The demand for ambulatory service centers is expected to rise significantly over the next few years, owing to factors such as growing healthcare expenditure, the rise in the prevalence of chronic diseases, increasing government initiatives and high unmet medical needs across the globe.
o On an average, the surgery cost is reduced by 40 to 50% in ambulatory settings and in some procedures the savings are 75 to 85 percent. Moreover, the patient satisfaction regarding treatment, scheduling an appointment and discharge time is observed to be much better in ambulatory settings.
o The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2016, North America dominated the market with a revenue share of over 47%.
Ameri Research has segmented the Ambulatory Services Market by material categories, product type, end-use and region:
Ambulatory Services Market by Type (Revenue, USD Million, 20124- 2024)
o Primary Care Offices
o Outpatient Departments
o Emergency Department
o Medical Specialty
o Surgical Specialty
o Spinal Injections
o Plastic Surgery
Ambulatory Services Market Regional Outlook (Revenue, USD Million, 20124- 2024)
o North America
o Asia Pacific
o Latin America
o Middle East and Africa
o South Africa
o Saudi Arabia
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