7-May-2019: 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.
In depth research report on Ambulatory Services Market
Further
key findings from the study suggest:
· 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 has
segmented the global ambulatory services market on the basis of type and
region:
Ambulatory
Services Type Outlook (Revenue, USD Million, 2015 - 2026)
· Primary
Care Offices
· Emergency
Departments
· Surgical
Specialty
· Ophthalmology
· Orthopedics
· Gastroenterology
· Pain
Management/Spinal Injections
· Plastic
Surgery
· Others
· Medical
Specialty
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more research reports of this category:
About
Grand View Research
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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