Ambulatory Services Market Tendencies, Revenue Forecast and Interesting Opportunities from 2020 to 2027
Ambulatory Services Market Overview
Ambulatory service or ambulatory care is a broad term used to describe medical care performed at the OPDs or on an outpatient basis, without admission to a hospital or other facility. Ambulatory Care Services Centers only treat patients with chronic or non-severe acute conditions providing dialysis clinics, capital region ambulatory surgery center, hospital outpatient departments, and others.
Many medical procedures and surgeries once provided in hospitals have shifted to ambulatory services thanks to technology advancements. Ambulatory services executives coordinate all aspects of outpatient care instead of Doctors and Nurses, making sure the ASC has the strong clinical, financial, and operational footing needed to deliver top-notch patient services.
Besides, rapidly undergoing through transformations, advancements in genetics, biomedical, and information technology; Healthcare sector is ushering towards effective personalized treatments for the patients. Simultaneously, accepting the customer-centric approach HC sector today strives to create positive consumer experiences. And to suffice this, the sector prompts extensive demand & wide uptake of Ambulatory Services. Resultantly, the market is increasing pervasively.
Acknowledging the exponential growth, the market is observing currently; Market Research Future (MRFR) in its recently published study report asserts that the global Ambulatory Services market is forecasted to reach over 3350 Bn. USD by 2022 growing at a CAGR of 5.1 % from 2017 to 2022.
Ambulatory Services Market Segmentation
The ambulatory services market has been segmented into type.
Based on type, the market has been segmented into primary care offices, medical specialty, ambulatory surgery, outpatient departments (OPDS), and emergency departments.
Ambulatory Services Market Regional Analysis
North America region accounts for the leading market for Ambulatory Services, acquiring the largest as in, 41.2% of the market share in the global market in the year 2016. The market in the region is further expected to grow at 4.8% CAGR during the forecast period.
Various factors substantiating the market growth include the availability of specialized technique, the presence of large number of ambulatory centers, solid support from the government and various organizations, high patient fulfillment with high quality and low-cost services in the region
Europe & Asia Pacific region accounts for the second & third largest market respectively in the global Ambulatory Services market. The Ambulatory Services market in Europe is expected to grow at a CAGR of 5.3% over the assessment period (2017 to 2022).
Whereas, the increasing patient pool coupled with the demand for more Ambulatory Services Centers drive the market growth in the APAC region. Owing to the rising funding and proliferating infrastructures for healthcare, mainly in countries like China and India the Asia Pacific market is emerging as one of the lucrative markets, globally. The Ambulatory Services market in the APAC is projected to grow at 5.5% CAGR over the review period.
The MEA Region (the Middle East & Africa) will perceive a steady growth during the forecast period.
Ambulatory Services Market Players
- Globus Medical, Inc. (U.S.)
- Depuy Synthes Inc. (Johnson & Johnson) (U.S.)
- Smith & Nephew plc. (UK)
- NuVasive, Inc. (U.S.)
- Stryker Corporation (U.S.)
- Integra LifeSciences Holdings Corporation (U.S.)
- Zimmer Biomet Holdings, Inc. (U.S.)
- Medtronic, plc (Ireland)
- Wright Medical Group N.V. (Netherlands)
- The Orthopedic Implant Company (U.S.)
- Aesculap Implant Systems (U.S.)
- Conmed Corporation (U.S.)
- BioTek Instruments, Inc. (U.S.)
- Arthrocare Corporation (U.S.)
among others are some key companies in the global Ambulatory Services that are listed by MRFR for market research.
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