Ambulatory Healthcare Service Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.93 Billion |
| Market Size (2029) | USD 5.21 Billion |
| CAGR (2024 - 2029) | 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ambulatory Healthcare Service Market Analysis
The Ambulatory Healthcare Service Market size is estimated at USD 3.93 billion in 2024, and is expected to reach USD 5.21 billion by 2029, growing at a CAGR of 5.80% during the forecast period (2024-2029).
The major factors for the growth of the ambulatory healthcare service market are the increasing geriatric population and rising prevalence of chronic diseases, rising demand for minimally-invasive surgeries, and technological advancements.
The prevalence of chronic diseases is increasing across the world, due to the rapidly aging population and greater longevity of people with chronic conditions. Along with an increase in the number of patients with specific diseases, the prevalence of multi-morbidity, i.e., the presence of multiple diseases in the same individual, is rising. The sedentary lifestyles are boosting obesity rates, as well as the incidence of various diseases. According to the World Health Organization (WHO), chronic disease prevalence is expected to rise by 57%, in 2020. Emerging markets may be hit the hardest, as population growth is anticipated be most significant in developing countries. Increased demand for healthcare systems, due to chronic disease, has become a major concern. Similarly, chronic disease is expected to boost the demand for ambulatory healthcare services. According to the studies conducted by WHO, by 2020, chronic diseases are projected to account for almost three-quarters of all deaths worldwide. The studies also estimated that 71% of the deaths may be caused due to ischaemic heart disease (IHD), 75% due to stroke, and 70% due to diabetes, in the developing countries. Consequently, the increasing incidence of chronic diseases is expected to drive the growth of the ambulatory healthcare service market.
Ambulatory Healthcare Service Market Trends
Gastroenterology Segment, under Application, is Expected to Hold Largest Market Share during the Forecast Period
The rising prevalence of gastric diseases is one of the major factors driving the growth of the market. According to the . The rising adoption of sedentary lifestyle is boosting the number of patients suffering from digestive diseases. Rising cases of digestive diseases, over the forecast period, are expected to create a huge demand for ambulatory healthcare services. As per the data of Medicare, in 2018, around 21% of ambulatory surgical centres billed of gastroenterology in the United States. Thus, owing to the rising prevalence of digestive diseases, there may be a huge demand for emergency care and ambulatory services over the forecast period.
North America Accounted for the Largest Share in the Global Market
North America held a major share for the ambulatory healthcare service market, and is expected to show a similar trend over the forecast period, without significant fluctuations. The ambulatory health care industry includes outpatient services, such as offices of physicians and dentists, home health care, and medical laboratories. However, it does not include inpatient care, such as hospitals and nursing facilities, or social assistance. According to the Medicare, the country spent around 4.9 billion USD in 2018 on the ambulatory surgical centres. Furthermore, in the United States, the Agency for Healthcare Research and Quality (AHRQ) committed to improving the safety and quality of ambulatory care. The rising prevalence of chronic diseases and presence of better healthcare infrastructure are the major factors driving the growth of the market, in the United States.
Ambulatory Healthcare Service Industry Overview
The market studied is fragmented, owing to the presence of various players in the market. Most of the market players are focusing on partnership activities, in order to acquire the maximum market share. For instance, recently, in August 2018, HPI Holdings LLC, INTEGRIS, and United Surgical Partners International (USPI), a leading provider of ambulatory services in the United States, entered into an agreement to form a joint venture.
Ambulatory Healthcare Service Market Leaders
-
Medical Facilities Corporation
-
SHERIDAN HEALTHCARE
-
Surgery Partners
-
Aspen Healthcare
-
NueHealth
*Disclaimer: Major Players sorted in no particular order
Ambulatory Healthcare Service Market News
- In July 2024, The EU and UNDP supported the Bucha City, Ukraine residents, who will soon have access to ambulatory rehabilitation services.
- In January 2024, the Indian Health Service (IHS), under the U.S. Department of Health and Human Services, allocated USD 55 million in funding. This funding was distributed among 15 tribes and tribal organizations. It is part of the Small Ambulatory Program, a competitive initiative that aims to support the development, expansion, or modernization of small ambulatory health care facilities.
Ambulatory Healthcare Service Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Geriatric Population and Rising Prevalence of Chronic Diseases
4.2.2 Rising Demand for Minimally-invasive Surgeries
4.2.3 Technological Advancements
4.3 Market Restraints
4.3.1 Regulatory and Operational Uncertainties
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Primary Care Office
5.1.2 Surgical Specialty Office
5.1.3 Emergency Department
5.1.4 Medical Specialty Office
5.1.5 Other Types
5.2 By Application
5.2.1 Ophthalmology
5.2.2 Orthopedics
5.2.3 Gastroenterology
5.2.4 Pain Management
5.2.5 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East & Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East & Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Aspen Healthcare
6.1.2 Healthway Medical Group
6.1.3 Medical Facilities Corporation
6.1.4 NueHealth
6.1.5 SHERIDAN HEALTHCARE
6.1.6 Surgery Partners
6.1.7 Surgical Care Affiliates
6.1.8 Terveystalo Healthcare
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ambulatory Healthcare Service Industry Segmentation
As per the scope of this report, ambulatory care or outpatient care is medical care that is provided on an outpatient basis, which includes diagnosis and the treatment of diseases. The market is segmented by type, application, and geography.
Ambulatory Healthcare Service Market Research FAQs
How big is the Ambulatory Healthcare Service Market?
The Ambulatory Healthcare Service Market size is expected to reach USD 3.93 billion in 2024 and grow at a CAGR of 5.80% to reach USD 5.21 billion by 2029.
What is the current Ambulatory Healthcare Service Market size?
In 2024, the Ambulatory Healthcare Service Market size is expected to reach USD 3.93 billion.
Who are the key players in Ambulatory Healthcare Service Market?
Medical Facilities Corporation, SHERIDAN HEALTHCARE, Surgery Partners, Aspen Healthcare and NueHealth are the major companies operating in the Ambulatory Healthcare Service Market.
Which is the fastest growing region in Ambulatory Healthcare Service Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ambulatory Healthcare Service Market?
In 2024, the North America accounts for the largest market share in Ambulatory Healthcare Service Market.
What years does this Ambulatory Healthcare Service Market cover, and what was the market size in 2023?
In 2023, the Ambulatory Healthcare Service Market size was estimated at USD 3.70 billion. The report covers the Ambulatory Healthcare Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ambulatory Healthcare Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ambulatory Healthcare Service Industry Report
Statistics for the 2024 Ambulatory Healthcare Service market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ambulatory Healthcare Service analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
