Ambulatory Services Market Share

Global Ambulatory Services Market Overview

Ambulatory Services Market Size was valued at USD 2.92 Billion in 2023. The Global Ambulatory Services industry is projected to grow from USD 3.17 Billion in 2024 to USD 6.19 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.72% during the forecast period (2024 - 2032).The growing geriatric population, high demand for ambulatory services and increasing prevalence of chronic diseases are driving the market growth.

Outpatient care facilities, or ambulatory service centers (ASC), are another name for them. These facilities for outpatient care provide services like consultation, diagnosis, treatment, and intervention. In comparison to outpatient hospital operations, it is a more practical choice. ASC includes gynecology, orthopedics, plastic surgery, gastroenterology, pain management specialists, and many more. ASC was developed with the help of doctors to enhance patient care, quality, and affordability. The burden of chronic illnesses necessitating surgery is increasing, and minimally invasive surgical methods are in greater demand due to technical advancements and increased demand. Diagnoses and treatments are included in ambulatory services in many forms. The frequency of chronic illnesses, urgent situations, mishaps, and other medical conditions could call for ambulatory care. The expanding geriatric population is a crucial driver of the market. As ambulatory care is more affordable and does not involve hospitalization, it is also becoming more popular, which is the main reason driving the market.

The supply of healthcare globally has also been significantly impacted by the COVID-19 epidemic. There were only a few in-person appointments in secondary and primary locations due to disruptions in the delivery of healthcare services. Conversely, the epidemic has sparked a rise in interest among doctors and medical technology firms to invest in or enter the ambulatory healthcare sector. As a result, health systems are putting more emphasis on offering complete care while also focusing more on developing ambulatory care solutions and technologies. The world's population is aging quickly; chronic diseases are becoming more common. The frequency of multi-morbidity, or the occurrence of numerous diseases in the same person, is rising along with the number of patients with diseases. Sedentary lifestyles are increasing the prevalence of several ailments, including obesity. Doctors can now carry out difficult treatments with more accuracy, flexibility, and control because of the growing use of robotics in ambulatory medicine.

Four research will be presented at the annual meeting of the Heart Rhythm Society, according to an announcement from Rhythm Technologies, Inc., an influential digital healthcare firm dedicated to developing reliable solutions that identify, predict, and prevent disease. These new findings add to the growing body of clinical research showing that ventricular arrhythmias can be diagnosed more accurately and with greater diagnostic yield when patients get permanent ambulatory cardiac monitoring for up to 14 days with Zio XT. The clinical evidence as a whole - including actual comparable efficacy and head-to-head trials - continues to demonstrate the value of iRhythm's Zio products and services, and these new scientific findings from the company are built on that foundation.

Ambulatory Services Market Trends

• Growing geriatric population to boost market growth

Ambulatory services are part of outpatient care that is crucial for patients. Ambulatory services include a variety of diagnoses and treatments. The prevalence of chronic illness, emergency cases, accidents, and other medical uses that may require ambulatory services. The growing geriatric population is a crucial driver of the market. The geriatric population will be high in upcoming years. For instance, according to the World Health Organization (WHO), it is estimated that around 1 in 6 people will be 60 years of age or older around the globe. The geriatric population is growing at a faster rate than all other age groups. This population is prone to several diseases that require urgent treatment. The demand for ambulatory services is rising due to the treatment required for the ageing population.

Furthermore, the growth of chronic illnesses is another crucial driver of the market. Chronic illnesses, such as heart disease, are more common in the elderly population. There is a surging rate of chronic diseases in this era. Heart diseases, liver problems, and other emergencies require ambulatory services. The growing number of illnesses leads to a greater demand for these services. Moreover, recent developments in the health sector are contributing to the market revenue of ambulatory services.

Ambulatory Services Market Segment Insights

Ambulatory Services Type Insights

The market segments of ambulatory services, based on type, includes medical specialty, ambulatory surgery, primary care offices, emergency departments and outpatient departments. The primary care offices segment had the largest share in 2021. This is due to the lower cost of care, improved quality of care and the implementation of new technologies, such as computerized prescribing systems and Electronic Health Records (EHRs).

November 2021: HCA Holdings, Inc (US) planned to build three new acute care hospitals in Florida, US to fulfill growing need for healthcare services.

Figure 2: Ambulatory Services Market, by Type, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ambulatory Services Application Insights

Based on application, the ambulatory services industry has been segmented into ophthalmology, gastroenterology, orthopedics, pain management and others. The ophthalmology segment had the largest share in 2021. This is due to increased prevalence of ophthalmic diseases and growing geriatric population. The prevalence of ophthalmic disease such as age-related macular degeneration, glaucoma and diabetic retinopathy has increased worldwide. For instance, according to BrightFocus Foundation, macular degeneration is a leading cause of vision loss in 60 years of age and older in the US population. Additionally, currently, in the US, 20 million has some form of age-related macular degeneration. These factors are contributing in the growth of the segment.IRIS Solutions, a renowned and seasoned leader in healthcare technology services for dentistry offices and healthcare providers, has acquired Anatomy IT, a leading platform for healthcare IT and cybersecurity solutions. With the help of this tactical purchase, Anatomy IT will be able to reach a wider spectrum of healthcare clients with its entire portfolio of corporate IT and security solutions, assets, and technology. Anatomy IT and IRIS Solutions are well-positioned to deliver a full range of healthcare IT solutions that will raise the standard of treatment and improve patient outcomes by combining their respective areas of strength and expertise. With this acquisition, the already strong Anatomy IT portfolio gains access to many resources and knowledge.

Ambulatory Services Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. The growth of North America ambulatory services market is attributed to increasing prevalence of chronic diseases and favorable reimbursement scenario for ambulatory services in the region.

Further, the major countries studied are: the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: AMBULATORY SERVICES MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America ambulatory services market accounts for the largest market share due to high prevalence of chronic diseases, well developed healthcare infrastructure, favorable reimbursement scenario for ambulatory services in the region. Furthermore, the US market of ambulatory services held the largest market share and Canada market of ambulatory services accounting for the second largest market in North America.

The Asia-Pacific ambulatory services Market is expected to grow at a highest rate from 2024 to 2032. This is due to the increasing awareness about ambulatory services, growing geriatric population and increasing healthcare expenditure. Moreover, the China market of ambulatory services held the largest market share, and the India market of ambulatory services was the fastest growing market in the Asia-Pacific region.

Ambulatory Services Key Market Players & Competitive Insights

Major market players are adopting several business strategies to increase their market presence. They are significantly investing in R&D activities to expand their product portfolio, further driving the market of Ambulatory Services. In addition, the market players are adopting several strategic initiatives, such as new product launches, contractual agreements, mergers & acquisitions, increasing investments, and partnering with other players to expand their footprint. Some key players in the market are Trillium Health Partners (Canada), Terveystalo (Finland), Medical Facilities Corporation (Canada), Aspen Healthcare (UK), AmSurg Corp (US) and Surgery Partners (US)

Terveystalo is the largest private health care service provider that provides primary health care, well-being, and specialized care services for corporate and private customers, as well as the public sector. The company offers well-being and health services to 360 clinics across Finland and occupational health services to 120 clinics in Sweden. It has 13 million individual customers.

Key Companies in the market of ambulatory services includes

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  Trillium Health Partners (Canada)

  
  


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  Terveystalo (Finland)

  
  


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  Medical Facilities Corporation (Canada)

  
  


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  Aspen Healthcare (UK)

  
  


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  AmSurg Corp (US)

  
  


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  Surgery Partners (US)

  
  


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  HCA Holdings, Inc (US)

  
  


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  Surgical Care Affiliates (US)

  
  


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  SurgCenter (US)

  
  


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  Healthway Medical Group (Singapore) among others

  
  

Ambulatory Services Industry Developments

May 2022:Surgery Partners, Inc. (US) partnered with ValueHealth, LLC (US) to develop future de novo ambulatory surgery centers (ASCs), meeting the growing demand for cost-effective, consumer-focused surgical care.

May 2021:Surgery Partners (US) partnered with UCI Health (US) to expand community access to outpatient surgical facilities for nearly 4 million residents in the US.

August 2018:Tenet Healthcare Corporation (US) completed the sale of Aspen Healthcare Ltd. (UK) to NMC Healthcare UK Limited.

Ambulatory Services Market Segmentation

Ambulatory Services Type Outlook

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  Medical Specialty

  
  


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  Ambulatory Surgery

  
  


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  Primary Care Offices

  
  


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  Emergency Departments

  
  


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  Outpatient Departments

  
  

Ambulatory Services Application Outlook

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  Ophthalmology

  
  


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  Gastroenterology

  
  


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  Orthopedics

  
  


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  Pain Management

  
  


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  Others

  
  

Ambulatory Services Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America