The global ambulatory services market was valued at $2.3 tn in 2016 is forecast to grow at a modest CAGR of 5.8%over the forecast period. The demand for ambulatory service centers is expected to rise owing to factors such as growing healthcare expenditure, increasing government initiatives and high unmet medical needs across the globe. The ambulatory surgery centers (ASC) provide quality healthcare services at low cost and faster turnaround time. Furthermore, different stakeholders such as patients, physicians, payors and administrators are actively supporting the expansion of ambulatory care services across different regions.
In 2015, the U.S., healthcare expenditure was 3.2 trillion and as per the CMS data, hospital care hold 32% share, clinical services account for 20% share, dental services hold for 4% share and the rest is shared by several other services including home healthcare and personal care services.The healthcare outcomes are not achieved due to lapses in the healthcare delivery process. The presence of ambulatory service centershas significantly improved access tohealthcare and several healthcare networks are acquiring partners with expertise in ambulatory services.
The ambulatory services market is segmented by service type as primary care offices, surgical specialty, medical specialty, emergency departments, and outpatient departments. The primary care offices held the maximum revenue share of over 48%, in 2016, due to the high patient inflow. For instance, as per the U.S., CDC data, the number of physician office visits were 922.6 million, and approximately 53% of visits were to the primary care physicians. However, the surgical specialty segment is expected to outperform other segments by registering a CAGR of 6.5% over the forecast period.
North America leads held a dominating share of over 47% in 2016, due to well-developed healthcare and reimbursement network, high disease burden and rising awareness about the benefits of ambulatory care. By 2024, Asia Pacific is expected to grow at a CAGR of over 7%, due to factors such as rising economic development, high unmet needs and increasing access to healthcare. The top players in the market includeIntergraMed America Inc.,AmSurg Corp.,Medical Facilities Corporation,Terveystalo Healthcare Oyj,Surgery Partners, Aspen Healthcare,Symbion, and Nueterra.