The global Ambulatory Services Market size is expected to reach USD 4.3 trillion by 2026 registering a CAGR of 6.1%, based on a new report by Grand View Research, Inc. Easy availability of advanced products along with technological developments in surgeries to reduce cost and treatment time is expected to be one of the key factors boosting the global market growth. Other prominent factors driving the industry include rising incidences of chronic diseases and growing geriatric population.
Ambulatory
services are likely to witness high growth in the coming years due to
increasing number of surgeries and availability of same-day surgeries at low
cost with better medical services. In addition, availability of private and
public funding across various regions will drive the market further. According
to the Healthcare Cost and Utilization Project (HCUP), in 2014, 17.2 million
surgeries were performed in Ambulatory Surgical Centers (ASCs) and 22 million
surgeries in hospital outpatient settings. In addition, various M&A
activities by key participants are anticipated to propel the market.
For
instance, in December 2015, Premier Emergency Medical Specialists was acquired
by AmSurg. This acquisition helped AmSurg enter the emergency medicine
specialty. Technological advancements pertaining to diagnosis and minimally
invasive surgeries are likely to reduce complications and help shorten hospital
stays, thereby boosting market growth. For instance, in January 2017, Arterys,
Inc. received FDA approval to commercialize Arterys Cardio DL, the first technology
that uses a cloud-based deep learning algorithm for cardiac imaging.
Related Press
Release@ Ambulatory
Services Market Report
Ambulatory Services Market Report Highlights
- High
government expenditure for the development of ambulatory facilities to
increase accessibility and reduce treatment costs is expected to propel
the market growth
- Primary care
offices accounted for the largest share of the market in 2018 due to
cost-effective treatment and easy accessibility for diagnosis and
treatment
- Surgical
specialty is anticipated to be the fastest-growing segment in the forecast
period due to a rise in demand for minimally invasive procedures
- In addition,
preference for nonsurgical and minimally invasive procedures has led to
the growth of plastic surgery centers
- According to
the American Society of Plastic Surgeons, in 2016, 7.6 million cosmetic
procedures were performed on people aged between 40 and 54 years
- North
America held the largest market share and is expected to retain its
dominance during the forecast period due to the availability of advanced
diagnostics
- APAC is
likely to witness significant growth due to rising cases of angle closure
glaucoma and myopia and development of emergency care outside traditional
hospital settings
- Some of the
key companies in the market are Surgery Partners; Envision Healthcare;
IntegraMed America, Inc.; Symbion, Inc.; Terveystalo; NueHealth; Aspen
Healthcare; and Medical Facilities Corporation
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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