Ambulatory Services Market

Market Definition:

The Global Ambulatory Services Market size was valued at USD 2316.63 billion in 2024 and is predicted to reach USD 3398.45 billion by 2030 at a CAGR of 5.6%, between 2024 to 2030. Ambulatory services, also known as outpatient care, are diagnostic and therapeutic services that provide patient help, care, education, and community support. Patients availing ambulatory services get access to advanced medical equipment and procedures without having to visit the hospital and also avoid hospital stays.

These services allow doctors to perform surgeries more efficiently and conveniently than in hospital operating rooms. These services, which include clinical, organizational, and professional activities, are performed by healthcare workers on patients. In addition, ambulatory services are supplemented with various facilities such as emergency visits, rehabilitation visits, and telephone consultations.

Market Dynamics and Trends:

The demand for ambulatory services has increased due to the rising prevalence of chronic diseases such as cancer, heart disease, stroke, and diabetes. Also, outpatient care is cost-effective and less time-consuming compared to hospital care, as patients undergoing surgeries in ambulatory services can avoid extended hospital stays. Moreover, the growing use of robotics in ambulatory services enables doctors to perform complex procedures with more precision, enhanced flexibility, and better control than conventional techniques. These factors are expected to propel the growth of the ambulatory services market. 

For instance, in March 2022, CMR Surgical (CMR) announced the launch of the Versius Surgical Robotic System, which was installed in an outpatient surgical practice for the first time in Europe for hernia surgery.

Factors such as poor awareness among individuals and reluctance to try newer healthcare services could restrain the market’s growth during the forecast period. However, the introduction of telehealth technology in ambulatory services to offer audio-visual communication between patients and health specialists for patient monitoring is expected to create ample growth opportunities for the market in the coming years.

Market Segmentations and Scope of the Study:

The global ambulatory services market is segmented on the basis of type, center, modality, services, application, and geography. On the basis of type, the market is categorized into surgical specialty, primary care offices, medical specialty, outpatient department, and emergency departments. On the basis of center, the market is divided into single specialty center and multi-specialty center. On the basis of modality, the market is classified into hospital-based ambulatory surgical center and freestanding ambulatory surgical center. On the basis of services, the market is bifurcated into surgical services and diagnostic services. On the basis of application, the market is divided into ophthalmology, plastic surgery, orthopedics, gastroenterology, pain management or spinal injections, and others. The report covers the geographic breakdown and analysis of each of the segments mentioned above for four regions, i.e., North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Geographical Analysis:

North America currently holds a predominant share of the ambulatory services market and is expected to maintain its dominance during the forecast period. The rapid rise in elderly population and high prevalence of chronic diseases, such as arthritis and diabetes, coupled with various diagnostic facilities provided by ambulatory services such as blood tests, X-rays, and endoscopy, are expected to drive the market growth in this region. 

Moreover, the growing number of outpatient care services and increasing number of acquisitions of several ambulatory surgical centers by market players are expected to boost the market growth in this region. For instance, in 2021, United Surgical Partners International (USPI) signed an agreement to acquire SurgCenter Development’s remaining centers to establish a long-term development deal of 1.2 billion USD. Under this deal, Tenet/USPI will acquire the ownership of 92 ambulatory surgery centers in 21 states.

On the other hand, the ambulatory services market in the Asia-Pacific region is expected to show steady growth due to the ongoing lens and cataract surgeries in outpatient care that allows patients to execute surgery cost-effectively. 

Also, various health companies in this region include ambulatory services centers in their hospitals, which is expected to drive the ambulatory services market growth. For instance, in October 2021, Columbia China announced the opening of the 500-bed Jiaxing Kaiyi Hospital in Jiaxing. It offers both outpatient care services and inpatient services, along with accident & health screening services. It further delivered a wide range of treatments that include endocrinology, general surgery, respiratory, gastroenterology, neurology, and others.

Competitive Landscape:         

The ambulatory services market comprises various market players such as LHC Group Inc., TruVista Surgery Center, Manulife Hong Kong, Aspen Healthcare Limited, Medical Facilities Corporation, Symbion Inc., HCA Healthcare, Fresenius Kabi AG, Amsurg Corporation, and Tenet Health Corporation. These market players have adopted strategies such as joint ventures and business acquisitions across various regions to maintain their dominance in the ambulatory services market. 

In July 2021, Manulife Hong Kong announced its partnership with Hong Kong Baptist Hospital (HKBH) to expand its health solutions and network of healthcare providers. This collaboration resulted in the formation of HKBH’s first Ambulatory Medical Centre (AMC), which would provide a better facility for patients. Also, in 2020, Tenet Health Corporation signed a deal for $1.1 billion to acquire 45 ambulatory surgical centers (ASC) in the U.S. from SurgCenter Development.

Key Benefits:

• The global ambulatory services market report provides a quantitative analysis of the current market and estimations from 2022 to 2030. This information will assist market players in identifying and capitalizing on the prevailing market opportunities.

• The study comprises a deep dive analysis of the market trends, including the current and future scenarios, to identify the prevalent investment pockets in the market.

• The information related to key drivers, restraints, and opportunities and their impacts on the ambulatory services market is provided in the report.

• The competitive analyses of the market players, along with their shares in the ambulatory service market, are included in the report.

• The SWOT analysis and Porter’s Five Forces model have been provided in the report.

• The report contains the value chain analysis of the market to provide a clear picture of the stakeholders’ roles.

Key Market Segments:

By Type

• Surgical Specialty

• Primary Care Offices

• Medical Specialties

• Outpatient Departments  

• Emergency Departments

By Center

• Single Specialty Center

• Multispecialty Center

By Modality

• Hospital-Based Ambulatory Surgical Centers

• Freestanding Ambulatory Surgical Centers

By Services

• Surgical Services

• Diagnostic Services

By Application

• Ophthalmology

• Plastic Surgery

• Orthopedics

• Gastroenterology

• Pain Management/Spinal Injections

• Others

By Geography

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• RoW

  • UAE

  • Saudi Arabia

  • South Africa

  • Brazil

  • Remaining countries

KEY PLAYERS:

• LHC Group Inc.

• TruVista Surgery Center

• Manulife Hong Kong

• Aspen Healthcare Limited

• Medical Facilities Corporation

• Symbion Inc.

• HCA Healthcare

• Fresenius Kabi AG

• Amsurg Corporation,

• Tenet Health Corporation