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Global Ambulatory Services Market to Grow at a CAGR of 6.1% During 2021-2026, Aided by the Growing Demand for Outpatient Care

According to a new report by EMR titled, ‘Global Ambulatory Services Market Report and Forecast 2021-2026’, the market attained a value of USD 3 trillion in 2020. The industry is further expected to grow at a CAGR of 6.1% in the forecast period of 2021-2026 to reach a value of USD 4.3 trillion by 2026.

The rising demand for outpatient treatment, which is less expensive and does not need a hospital stay, is driving the global market for ambulatory services. Moreover, the increased government initiatives and funding for ambulatory healthcare centres are propelling the market growth. Furthermore, due to the rising demand for minimally invasive surgeries and technological developments, the market is expanding. For example, the introduction of laparoscopy and endoscopy has reduced the need for longer hospital stays. The different business tactics adopted by established companies such as Surgery Partners, Inc. (NASDAQ: SGRY) and others are likely to promote the market growth during the forecast period. These tactics include geographic expansion, mergers and acquisitions, and product releases.

Some of the key industrial developments and the growing mergers and acquisitions are expected to aid the market over the forecast period. Envision Healthcare, for example, recently purchased Sunshine Radiology LLC. This enhanced the company's capacity to supply services to more than 55 hospitals and 80 healthcare ambulatory facilities in Florida.

Market Analysis by Type and Region:

  • The market based on type can be divided into primary care offices, emergency departments, surgical speciality, and medical speciality. The surgical speciality segment can be further divided into ophthalmology, orthopaedics, gastroenterology, pain management, plastic surgery, and others.
  • The regional markets for ambulatory services include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand for outpatient care is expected to drive the market.
  • The increasing government efforts and financing for ambulatory healthcare facilities are likely to propel the growth of the market. 
  • The rapid technological advancements are anticipated to have a positive impact on the growth of the industry.
  • The various business strategies used by prominent firms are expected to provide the industry with immense growth opportunities.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for ambulatory services for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types and regions of ambulatory services.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global ambulatory services market are Envision Healthcare Holdings, Inc., Surgery Partners, Inc., HCA Management Services, L.P., Terveystalo Healthcare Oy, and Aspen Healthcare Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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