Global Ambulatory Services Market to Reach USD 960.87 Million by 2031 | CAGR of 4.3%
Category : Healthcare | Published Date : Nov 2024 | Type : Press Release
Ambulatory Services Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Ambulatory Services Market size was valued at USD 716.43 Million in 2023 and is projected to reach USD 960.87 Million by 2031, growing at a CAGR of 4.3% from 2024 to 2031. Ambulatory services provide medical care on an outpatient basis, allowing patients to receive diagnosis, treatment, and preventive care without overnight stays. Key components include outpatient care, minor surgical procedures, emergency services, and specialty care. These services offer convenience by reducing hospital admissions and infection risks, thus enhancing patient health outcomes.
The report comprises the Ambulatory Services Market Share, Size & Industry Analysis, By Type of Service (Primary Care Offices, Emergency Departments, Surgical Centers, Outpatient Departments (OPD), Rehabilitation Centers, Diagnostic Centers, Telehealth Services, Others), Mode of Delivery (In-Clinic, Telemedicine, Mobile Healthcare Services, Home Care Services), Application (Ophthalmology, Orthopedics, Gastroenterology, Cardiology, Neurology, Gynecology, Dermatology, Others), End-User (Hospitals, Ambulatory Surgery Centers (ASCs), Clinics & Physician Offices, Home Healthcare Providers, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Ambulatory Services Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Rising preference for outpatient care and advancements in telemedicine are major drivers of market growth. Additionally, integrating telemedicine in ambulatory care offers growth opportunities.
Segmental Analysis :
Based on the type of service, the market includes primary care offices, emergency departments, surgical centers, outpatient departments (OPD), rehabilitation centers, diagnostic centers, telehealth services, and others.
- Primary care offices held the largest revenue share in 2023, driven by demand for routine checkups and preventive care, especially among the aging demographic.
- Telehealth services are projected to grow at the fastest CAGR during the forecast period due to their accessibility and cost-effectiveness in delivering remote care, particularly in chronic disease management.
Based on the mode of delivery, the market is segmented into in-clinic, telemedicine, mobile healthcare services, and home care services.
- In-clinic services accounted for the largest revenue share in 2023, offering personalized care and various outpatient services, including diagnostic tests and minor surgical procedures.
- Telemedicine is expected to witness the highest growth, driven by the need for virtual consultations and the efficiency of remote patient monitoring.
Based on application, the market covers ophthalmology, orthopedics, gastroenterology, cardiology, neurology, gynecology, dermatology, and others.
- Ophthalmology led the market in 2023, with demand for outpatient eye treatments like LASIK and cataract surgeries that are both cost-effective and minimally invasive.
- Cardiology is anticipated to grow at the fastest CAGR, supported by the rise in cardiovascular conditions and the need for outpatient cardiac services such as screenings and stress tests.
Based on end-users, the market comprises hospitals, ambulatory surgery centers (ASCs), clinics & physician offices, home healthcare providers, and others.
- Hospitals dominated the market in 2023, offering a wide array of outpatient services, including diagnostics and emergency care.
- Ambulatory Surgery Centers (ASCs) are expected to grow at the highest CAGR, as they provide cost-effective and flexible surgical options for patients with chronic conditions.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America accounted for the largest market share in 2023, with a strong emphasis on value-based care and advanced healthcare infrastructure.
- Asia-Pacific is anticipated to grow at the highest CAGR, driven by the increasing demand for affordable outpatient services in countries such as China and India.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 960.87 Million |
| CAGR (2024-2031) | 4.3% |
| By Type of Service | Primary Care Offices, Emergency Departments, Surgical Centers, Outpatient Departments (OPD), Rehabilitation Centers, Diagnostic Centers, Telehealth Services, Others |
| By Mode of Delivery | In-Clinic, Telemedicine, Mobile Healthcare Services, Home Care Services |
| By Application | Ophthalmology, Orthopedics, Gastroenterology, Cardiology, Neurology, Gynecology, Dermatology, Others |
| By End-User | Hospitals, Ambulatory Surgery Centers (ASCs), Clinics & Physician Offices, Home Healthcare Providers, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Ambulatory Services Industry:
- TH Medical (USA)
- Envision Healthcare (USA)
- HCA Management Services, L.P. (USA)
- DaVita Inc. (USA)
- Terveystalo (Finland)
- Fresenius Medical Care Asia Pacific Limited (Germany)
- Universal Health Services (USA)
- CHSPSC, LLC. (USA)
- Ramsay Health Care (Australia)
- Pediatrix Medical Group (USA)
Recent Industry Developments :
- In December 2023, Cleveland Clinic London launched a new outpatient care center, providing rapid access to specialists and advanced medical technology to improve care quality.
- In July 2024, HSE introduced an online outpatient activity database to enhance transparency in healthcare, aiming to reduce wait times and maximize outpatient services.
