Ambulatory Services Global Market Report 2024

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 observed during the historical period can be attributed to several factors, including a shift towards outpatient care models, the upward trajectory of healthcare costs, a heightened emphasis on preventive care, the increasing preference among patients for convenient healthcare options, and a growing awareness of the benefits associated with ambulatory services. These factors collectively contributed to the expansion and popularity of ambulatory care during this period.

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 anticipated growth in the forecast period can be attributed to various factors, including the increasing prevalence of telehealth services, the expansion of chronic care management initiatives, the adoption of patient-centered care models, a heightened focus on early intervention strategies, and the integration of telemedicine into ambulatory settings. Key trends expected in the forecast period encompass a drive towards inclusive and equitable healthcare, the integration of digital health records, a shift towards outcomes-based care approaches, an emphasis on enhancing the overall patient experience, and an expansion of home-based healthcare services.

The increasing prevalence of chronic diseases is anticipated to drive the growth of the ambulatory services market in the coming years. Chronic illnesses, characterized by their long-lasting nature, necessitate ongoing medical care and monitoring. Patients grappling with conditions such as diabetes, heart disease, and cancer are increasingly turning to convenient and accessible ambulatory services to manage their healthcare needs. For example, a report from the National Center for Biotechnology Information projects a substantial rise by 2050, estimating about 142.66 million Americans living with at least one chronic condition, marking a significant 99.5% increase. This trend underscores the escalating demand for ambulatory services tailored to chronic disease management.

The escalating adoption of telemedicine and telehealth services is poised to be a driving force behind the expansion of the ambulatory services market. Telemedicine involves remote diagnosis and treatment facilitated by telecommunications technology, while telehealth encompasses a broader spectrum of healthcare services delivered through technology. This surge in virtual care delivery methods is reshaping the ambulatory services landscape, offering greater flexibility and patient-centered healthcare. The integration of technology in healthcare delivery is catering to the evolving needs of both healthcare providers and patients. Notably, as reported by FAIR Health Inc., national telehealth usage surged by 7.3% between December 2022 and January 2023, from 5.5% to 5.9% of medical claim lines. This significant uptick highlights the pivotal role of telemedicine and telehealth in propelling the growth of ambulatory services.

Technological advancements continue to be a pivotal trend in the ambulatory services market, with major companies focusing on innovative technologies to bolster their market standing. For instance, HealthViewX introduced the Virtual Clinic App in May 2022, a cutting-edge technology enabling online digital evaluation and management (E/M) care services. This app facilitates enhanced patient engagement through e-visits, offering a comprehensive platform integrating patient intake, scheduling, documentation, imaging, and analytics in one interface. Such advancements are crucial as ambulatory practices evolve, emphasizing the sustained demand for extended services via virtual visits and ensuring continuous care delivery in a post-COVID era.

Major players within the ambulatory services sector are prioritizing strategic partnerships as a means to broaden their reach and enhance the quality of services offered, particularly in ambulatory surgical centers (ASCs). These partnerships involve leveraging complementary strengths and resources for mutual gains. One notable instance is the collaboration between Atlas Healthcare Partners and Banner Health in December 2021. Together, they ventured into an agreement to amplify their network of ambulatory surgical centers in key areas such as Phoenix and Tucson, Arizona. This partnership facilitated the establishment of three new centers in Chandler, Tucson, and Northern Scottsdale, Arizona, significantly enhancing access to affordable, high-quality healthcare within the region.

In October 2022, UnitedHealth Group executed a significant acquisition, securing Change Healthcare in a notable transaction valued at nearly $13 billion. UnitedHealth Group, a prominent player in the healthcare industry, strategically pursued this acquisition to bolster its capabilities in healthcare technology and expand its portfolio to offer more comprehensive ambulatory care services. The acquired company, Change Healthcare, specializes in healthcare technology solutions, providing expertise in clinical, revenue cycle, and non-acute ambulatory solutions. This strategic move by UnitedHealth Group reflects the industry's trend towards consolidation and expansion through targeted acquisitions, aiming to enhance service offerings and solidify market positioning.

Major companies operating in the ambulatory services market report are Surgery Partners Inc., HCA Healthcare, Terveystalo Healthcare Oy, Aspen Healthcare Limited, AmSurg Corp., Surgery Partners, Symbion Inc., Tenet Healthcare Corporation, IntegraMed America Inc., LHC Group Inc., Universal Health Services Inc., Surgery Care Affiliates Inc., SurgCenter, Healthway Medical Group, Envision Healthcare, DaVita HealthCare, MEDNAX Services Inc., Fresenius Medical Care AG & Co. KGaA, Community Health Systems Inc., HealthSouth Corporation, Select Medical Holdings Corporation, Acadia Healthcare Company Inc., National Surgical Healthcare Inc., NueHealth, Medical Facilities Corporation, Sheridan Healthcare, Concentra Operating Corporation, FastMed Urgent Care, NextCare Holdings Inc., American Family Care Inc., GoHealth Urgent Care.

North America was the largest region in the ambulatory services market in 2023. The regions covered in the ambulatory services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ambulatory services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Primary types of ambulatory services include emergency departments, primary care, surgical specialties, and others, delivering various services such as surgical procedures and diagnostics. Surgical services involve medical interventions that entail incisions or manipulation of body tissues to address medical conditions. Different centers catering to these services include single-specialty and multispecialty centers. In terms of modality, there are hospital-based ambulatory surgical centers and freestanding ambulatory surgical centers, each serving diverse applications such as ophthalmology, plastic surgery, orthopedics, gastroenterology, pain management, and more.

The ambulatory services market research report is one of a series of new reports that provides ambulatory services market statistics, including ambulatory services industry global market size, regional shares, competitors with an ambulatory services market share, detailed ambulatory services market segments, market trends and opportunities, and any further data you may need to thrive in the ambulatory services industry. This ambulatory services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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