Ambulatory Healthcare Service Market - Forecast(2024 - 2030)

Ambulatory Healthcare Service Market Overview

Ambulatory Healthcare Service Market Size is estimated to reach $4.8 billion by 2027. Furthermore, it is poised to grow at a CAGR of 5.6% over the forecast period of 2022-2027. Ambulatory care applies to outpatient medical specialty services offered without admission to a hospital or other facility (MedPAC). Ophthalmology, orthopedics, gastroenterology, plastic surgery, pain management, and gynecology are the applications of Ambulatory healthcare services. It helps providers such as hospitals, healthcare systems, medical specialty, and doctors to treat chronic conditions more proactively avoid dangerous diseases and improve the overall health of the population. Primary care, ambulatory surgery, emergency care, and others are included in ambulatory care. Outpatients are provided with surgical and emergency care facilities by ambulatory surgery and emergency departments and do not require hospitalization. These centers have grown into an outstanding choice for minor and serious surgeries for the public and, thus, insurance firms expect to capitalize on the growth of this market. These centers provide specialized facilities that assist in the provision of services such as cataracts and arthroscopic surgery. The increasing preference for outpatient treatment is likely to be the main factor driving the demand, as it is cost-effective and does not entail a hospital stay. Sedentary lifestyles increase the prevalence of obesity as well as the occurrence of different diseases. In 2020, the prevalence of chronic diseases is projected to increase by 57%, according to the World Health Organization (WHO). Government policies and the availability of support for outpatient health facilities are also anticipated to drive market growth. The demand is further driven by shortened hospital stays and reduced healthcare spending owing to a strong preference for minimally invasive surgery and technological advances. The advancement of laparoscopy and endoscopy, for example, has further lowered the need for longer hospital stays. 

Ambulatory Healthcare Service Market Report Coverage

The report: “Ambulatory Healthcare Service Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Ambulatory Healthcare Service Market.

Key Takeaways

• Geographically, North America held a dominant market share in the year 2021, owing to the high incidences of chronic diseases in this region.
• The rise in sluggish lifestyle adoption is increasing the number of patients with digestive problems. One of the primary factors driving the market's growth is the increased frequency of gastrointestinal illnesses. However, major regulatory concerns are restraining the growth of the ambulatory healthcare service market.
• Detailed analysis on the Strength, Weaknesses and Opportunities of the prominent players operating in the market is provided in the Ambulatory Healthcare Service Market.

Ambulatory Healthcare Service Market: Market Share (%) by Region, 2021 

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Ambulatory Healthcare Service Market Segmentation Analysis- By Type

Ambulatory Healthcare Service Market based on type can be further segmented into Primary Care Offices, Emergency Departments, Medical Specialty, and Surgical Specialty. The primary Care Offices segment held a dominant market share in the year 2021, owing to increased quality of care and the adoption of emerging technology such as computerized prescription systems and electronic health records (EHRs) is anticipated to favorably impact the segment growth. In rural areas, EHR implementation and drug procurement have enhanced primary and follow-up care, thereby reducing manual errors. Collaborations between major public and private entities to provide low-cost access to different treatments are projected to improve the segment of outpatient services. 

However, the Surgical Specialty segment is expected to grow at the quickest rate between 2022 and 2027, with a CAGR of 6.3%, which is attributable to easy reimbursement policies, demand for minimally invasive procedures, and increased M&A activities among key businesses. Surgery partner strategic partnership with Privia Health in the state of Montana in February 2022. This relationship has helped to build a state-wide network of physicians with high surgical capabilities. 

Ambulatory Healthcare Service Market Segmentation Analysis - By Application

Ambulatory Healthcare Service Market based on the application can be further segmented into Plastic Surgery, Pain Management, Orthopedics, Ophthalmology, Gastroenterology, Spinal Injections, and Others. The gastroenterology segment held a dominant market share in the year 2021, owing to the growing prevalence of gastric diseases. According to the research paper published in gastroenterology, more than 40% of persons worldwide have FGIDs, which affect the quality of life and health care use. According to its organization, Irritable bowel syndrome (IBS) is the most prevalent gastrointestinal (GI) condition, with incidence rates ranging from 10% to 15% worldwide. And also, in the United States alone, there are between 2.4 and 3.5 million annual medical consultations for IBS in 2020.

However, the Orthopaedic segment is anticipated to grow with the fastest CAGR of 6.7% during the forecast period 2022-2027, owing to the increased focus of the vendors on offering greater rebates thus enhancing the segment demand. As per the WHO report musculoskeletal conditions affect 1.71 billion people worldwide and low back pain cause highest-burden with a prevalence of 568 million people. Such increasing orthopedic diseases around the world are growing the Ambulatory Healthcare Service Market. 

Ambulatory Healthcare Service Market Segmentation Analysis - By Geography

The Ambulatory Healthcare Service Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 35% in the year 2021. This is majorly attributed to the rise in consumer health awareness, shift of the aging population to outpatient care, and expansion of the network with physicians and healthcare providers. Ambulatory health care service is trending in the healthcare sector of North America attributed to convenient service at the comfort of home offered by such centers with a low risk of infection. Also new innovations and technology in ambulatory healthcare service including new developments in anesthesia and pain control, as well as minimally invasive surgical procedures ambulatory driving North America Ambulatory Healthcare Service Market. 

Furthermore, Europe is estimated to grow with the fastest CAGR over the forecast period 2022-2027, owing to the increasing aging population and rising prevalence of chronic diseases and cases of hospital readmissions have encouraged the expansion of outpatient centers, which is anticipated to drive the region’s growth. 

Ambulatory Healthcare Service Market Drivers

Growing Demand for Non-Invasive Cost-Effective Surgeries is aiding in Market Growth.

The demand for minimally invasive procedures, quicker patient recovery with shorter healing time, cheap surgical charges, and well-equipped outpatient service centers drive the market growth. Ambulatory surgeries performed in the U.S. are reaching 19.2 million surgeries in 2019, according to the Centres for Medicare and Medicaid Programs, with 15 million surgeries conducted in outpatient surgery centers (ASCs). Females had a greater rate of major ambulatory surgery contacts than males in 2019 (39.7 vs. 32.3 per 1,000 population). The factors driving the growth of outpatient services include increasing government support for team-based primary care, cost-saving hospital surgery, and government investment in outpatient care facilities show a significant impact on the demand for the Ambulatory Healthcare Service Market.

Growing Prevalence of Chronic Diseases is Driving the Ambulatory Healthcare Service Market.

The prevalence of chronic diseases is increasing owing to the increasingly aging population and the greater longevity of people with chronic conditions. The prevalence of multi-morbidity, i.e. the occurrence of multiple diseases in the same person, is growing alongside an increase in the number of patients with specific illnesses. By 2020, chronic diseases are anticipated to account for almost three-quarters of all deaths worldwide, according to research undertaken by the WHO. Studies have also reported that 71% of deaths in developing countries could be caused by ischaemic heart disease (IHD), 75% by stroke, and 70% by diabetes to drive the growth of the Ambulatory Healthcare Service Market.

Ambulatory Healthcare Service Market Challenges

Major Regulatory Concerns are Restraining the Growth of the Ambulatory Healthcare Service Market.

Regulatory concerns regarding the usage of Ambulatory Healthcare Service Analysis and growing stringent government policy and regulation towards the quantity of service being used in the application are restraining the growth of the market. According to American Hospital Association, administrative activities linked to regulatory compliance cost health systems, hospitals, and PAC providers over $39 billion each year. When a patient is admitted to a hospital, the regulatory burden costs $1,200. Also, operational uncertainties and data security concerns set to restrain the market growth.

Ambulatory Healthcare Service Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Ambulatory Healthcare Service Market. The top 10- Ambulatory Healthcare Service Market companies are-

1. Healthway Medical Corporation Limited
2. Nueterra Capital
3. Terveystalo Healthcare Oy
4. Surgical Care Affiliates
5. Surgery Partners
6. Symbion Inc.
7. IntergraMed America Inc.
8. AmSurg Corp
9. Aspen Healthcare 
10. Medical Facilities Corporation

Recent Developments

• In June 2021, Terveystalo Healthcare Oy has acquired 72.14 % of the stakes which is 76681134 shares in Feelgood Svenska AB. The acquisition of shares is done under a share transfer agreement. This major holding of shares in Feelgood Svenska AB makes Terveystalo Healthcare a major authority in Feelgood Svenska AB company. 
• In June 2021, Surgery Partners (USPI) and AdventHealth have announced Tampa Outpatient Surgical Center through a newly established joint venture. Tampa offers surgical services in many specialties including orthopedics, gastroenterology, otolaryngology, general surgery, pain management, spine, and ophthalmology. Tampa also offers surgical services in urology as well as plastic surgery, and cosmetic care.
• In June 2019, Nueterra Capital partnered with the Kansas City Economic Development Corporation (EDCKC) and the Downtown Council of Kansas City (DTCKC) on Launch Health Accelerator, Launch KC's newest accelerator. It aims to find, assess and fund early-stage companies with the potential to enhance the delivery of health care. Nueterra Capital received a minimum equity contribution of $50,000 from companies accepted into the Launch Health Accelerator, along with software development work, healthcare, and company legal advice, accounting, marketing, and business mentoring from LaunchKC partners.

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