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.
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Technological advancements and rapid digitization have streamlined the daily operations of the pharmaceutical industry. Increasing spending on medicine due to growing geriatric populace, rising incidence of chronic diseases, increasing number of product launches, and growing number of R&D activities are some key factors contributing to revenue growth of the market. Increasing focus on patient engagement solutions, rising focus to cater to growing unmet clinical demand, adoption of advanced technologies to streamline workflows in healthcare sector, and availability of skilled healthcare professionals has been positively impacting the pharma & healthcare industry. The emergence of COVID-19 pandemic has further increased focus on healthcare facilities, teleconsultation and telemedicine, and increased burden on the healthcare industry compelling governments and companies to invest heavily to cater to the growing global demand.
Top 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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Ambulatory Care Service Market Segmentation:
Type (Revenue, USD Million; 2016–2026)
- Primary
- Emergency
- Surgery
- Other
Application (Revenue, USD Million; 2016–2026)
- Ophthalmology
- Orthopedic
- Spinal injury
- Gastroenterology
- Plastic Surgery
- Other
The report discusses in detail the top companies in the market along with their recent initiatives such as mergers and acquisitions, joint venture, partnerships, corporate and government deals, collaborations, and brand promotions and product launches among others. The report further discusses the companies’ initiatives and investments in key regions across the globe such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
Region analysis Covers:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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In conclusion, the report offers a comprehensive analysis of the factors expected to drive the global Ambulatory Care Service market growth over the forecast period of 2024-2028. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report also offers strategic recommendations to the established players as well as new entrants to help them gain a strong foothold in the market.
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