Ambulatory Care Services Market Growth and Forecasts To 2020: Grand View Research, Inc
Global ambulatory care services market is anticipated to witness lucrative growth over the forecast period attributing to increasing demand for home healthcare as patients find out home healthcare service more convenient and less stressful. Moreover, it aids normal services with that of emergency visits, rehabilitation visits and telephonic consultations and thereby is expected to attract greater patient population base. Growing incidences of various chronic diseases and rising geriatric population is expected to boost the market further over the forecast period. Moreover, incremental demand for minimally invasive surgeries is anticipated to have high impact on this market enabling the patients to recuperate faster within a shorter duration of time.
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Cost efficiency is further expected to contribute to the market growth. For instance, in comparison with that of in-patient centers, ambulatory care centers costs approximately 30-60% less for the same surgeries. With the advent of technological advancements such as improved anesthesia, tissue-sparing technologies, laparoscopic surgeries and genomics, make ambulatory centers well equipped to deliver efficient and fast services in order to provide fast onset of action and prolonged therapeutic action. These factors are expected to contribute to the market growth over the forecast period.
As of 2014, primary care offices held the largest market share under product types segment. The reason for its dominance is attributed to increasing number of patient base treated owing to prevalence of routine and acute disorders. Primary care segment is analysed majorly on the basis of dentists and physicians visits. Patients during its first contact with the healthcare system receive routine outpatient care usually as primary care. The various services provided by the primary care offices are such as directing the patient towards the efficient treatments, high assessment of patient profile, emergency situation tackling, imparting education on healthy lifestyle choices, and identification & treatment of common medical conditions are also contributing towards the dominance of the region.
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As of 2014, North America dominated the market, owing to availability of sophisticated healthcare infrastructure, large number of ambulatory care services centers, higher disposable income and high level of awareness among people. In U.S. alone 5,300 Medicare-certified healthcare centers provide various services such as ophthalmologic, gastrointestinal, orthopedics, pain management, and dermatology. Asia pacific is anticipated to witness lucrative growth rapidly in emerging nations such as China and India, over the coming seven years.
The key market players of outpatient care market are Healthcare, Médical Group, Fresenius Kabi, DaVita HealthCare, AmSurg and Apria Healthcare.
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