High prevalence of emergency cases, need for out-patient services along with rising awareness are the key factors contributing to the CAGR in the forecast period.
Market Size – USD 77.49 Billion in 2018, Market Growth – CAGR of 4.8%, Market Trends – Several aids provided on governmental and non-governmental organizations to increase awareness and reduce healthcare costs.
According to the current analysis of Reports and Data, the global Ambulatory Care Service market was valued at USD 77.49 Billion in 2018 and is expected to reach USD 113.06 Billion by year 2026, at a CAGR of 4.8%. Ambulatory care is a medical care provided on an outpatient basis, without admission to a hospital. More specifically, ambulatory care services are medical services provided on an outpatient basis, including, diagnosis, observation, treatment, consultation, intervention and rehabilitation services. From the past ten years, hospitals are diverting many services to outpatient facilities. Many medical investigations and treatments for acute and chronic ailments and illnesses and the preventive health care can be performed on an ambulatory basis including minor surgical and medical procedures such as dental services, dermatology services and many of the diagnostic procedures. Ambulatory care can be given at several sites. Some of them include, clinics, hospital emergency rooms, health campaigns etc. The increased trend of reducing the time of hospital stay and the total healthcare cost, are the key factors driving the market. . Doctors, registered nurses, physical therapists, surgical tech, medical lab tech and medical administration staff can all be found in various ambulatory care settings.
Leading companies operating in the market and profiled in the report include:
Aspen Healthcare, AmSurg Corp., Concordia Care Inc., Crothall Healthcare, IntegraMed Inc. and Medical Facilities Corporation.
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Further key findings from the report suggest
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Dominant key players in the market are adopting various strategies like mergers and acquisition, partnerships, collaborations, joint ventures and product launches to gain a robust footing in the market. Growing demand for various medical products, increasing adoption of home-care settings, point-of-care diagnosis, high demand for vaccines and medication for controlling COVID-19 is expected to benefit the key companies throughout the forecast period.
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Global Market Segmentation:
Type (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
The global Ambulatory Care Service market is broadly divided into 5 major regions, viz. North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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