Healthcare

Ambulatory Services Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Ambulatory Services by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Ambulatory Services, The ambulatory services market size has grown rapidly in recent years. It will grow from $3.67 billion in 2023 to $4.05 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to shift towards outpatient care, rising healthcare costs, focus on preventive care, patient preference for convenience, growing awareness of ambulatory services ..

The ambulatory services market size is expected to see rapid growth in the next few years. It will grow to $5.99 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to rise in telehealth services, expansion of chronic care management, patient-centered care models, focus on early intervention, telemedicine integration in ambulatory settings.. Major trends in the forecast period include inclusive and equitable healthcare, digital health record integration, shift towards outcomes-based care, enhanced patient experience, expansion of home-based services..

The rising prevalence of chronic diseases is expected to propel the growth of the ambulatory services market going forward. Chronic diseases refer to long-term medical conditions that typically progress slowly over time and can persist for months or years. The rising prevalence of chronic diseases, such as diabetes, heart disease, and cancer, requires ongoing medical care and monitoring, and patients are increasingly seeking convenient and accessible ambulatory services to manage their needs. For instance, in January 2023, according to a report shared by the National Center for Biotechnology Information, a US-based National Library of Medicine, and a branch of the National Institutes of Health, by 2050, there will be 142.66 million American people who have at least one chronic condition. This represents a 99.5% increase. Therefore, the rising prevalence of chronic diseases will drive the ambulatory services market going forward.

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The ambulatory services market covered in this report is segmented –

1) By Type: Emergency Departments, Primary Care, Surgical Specialty, Other Types

2) By Services: Surgical Services, Diagnostic Services

3) By Center: Single Specialty Center, Multispecialty Center

4) By Modality: Hospital-Based Ambulatory Surgical Centers, Freestanding Ambulatory Surgical Centers

5) By Application: Ophthalmology, Plastic Surgery, Orthopedics, Gastroenterology, Pain Management, Other Applications

Technological advancements are a key trend gaining popularity in the ambulatory services market. Major companies operating in ambulatory services are focused on developing advanced technologies to strengthen their position in the market. For instance, in May 2022, HealthViewX, a US-based healthcare technology company, launched the Virtual Clinic App, a cutting-edge technology to enable online digital evaluation and management (E/M) care services. With the help of this application, clinical professionals may greatly improve patient engagement through e-visits and alter care delivery without worrying about running a virtual clinic. With customizable software modules for patient intake, scheduling, documentation, imaging, and analytics all in a single interface, the system offers an immersive and patient-centric view of clinical procedures. The demand for extended service through virtual visits and care continuity will endure as ambulatory practices develop towards a post-COVID future.

The ambulatory services market report table of contents includes: