Global Ambulatory Healthcare Services Market Trends, Growth, and Forecast

The global ambulatory healthcare services market was valued at USD 836.04 billion in 2023 and is anticipated to reach approximately USD 1,415.94 billion by 2033, growing at a CAGR of 5.41% from 2023 to 2033.

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Differences Between Hospitals and Ambulatory Care

As demand for ambulatory healthcare services continues to rise, many hospitals have responded by creating outpatient centers to meet the public’s needs. These outpatient centers, owned by hospitals, can be located either within the hospital or at separate locations.

For patients covered by Medicare, seeking care at Ambulatory Surgery Centers (ASCs) typically leads to cost savings. When ambulatory services are provided through a hospital, however, they are often subject to the hospital’s policies, including its pricing structure. As a result, receiving the same ambulatory care through a hospital may cost more than if it were provided at an independent ASC.

Ambulatory Healthcare Services Market Share by Type (2022)

The ambulatory healthcare services market is divided into four key categories: primary care offices, emergency departments, surgical specialties, and medical specialties. Primary care offices held the largest share of the market in 2018, due to improved treatment quality and the adoption of new technologies like computerized prescription systems and Electronic Health Records (EHRs). The use of EHRs in rural areas, combined with better access to medications, has led to more accurate follow-up care and fewer manual errors. Collaboration between government agencies and private companies is expected to drive further growth in ambulatory services by providing more affordable access to treatments.

Ambulatory Healthcare Services Market Share by Application (2022)

In terms of applications, the gastroenterology segment is projected to capture the largest share of the market during the forecast period. This growth is primarily due to the increasing prevalence of gastrointestinal disorders. With more people leading sedentary lifestyles, digestive problems are becoming more common. As a result, there is expected to be a growing demand for ambulatory healthcare services to address these issues. According to Medicare data, gastroenterology accounted for around 21% of the services provided by ambulatory surgery centers in the U.S. in 2018, a trend expected to continue as digestive health concerns rise.

Regional Market Share: NA, EU, APEC, LA, MEA (2022)

In 2022, North America dominated the global ambulatory healthcare services market, accounting for over 38% of the share. This is largely due to the region’s rapid adoption of advanced technology. Government initiatives and strategic mergers are expected to further boost the market in the region. For example, in January 2017, Envision Healthcare acquired Sunshine Radiology, LLC, which expanded the company’s network of ambulatory facilities and hospitals in Florida, strengthening its position in the market.

Key Developments

• In July 2021, LHC Group Inc. and SCP Health entered into a strategic partnership to deliver higher-acuity care at home. The partnership aims to create scalable, home-based care solutions that can be implemented nationwide.
• Manulife Hong Kong partnered with Hong Kong Baptist Hospital (HKBH) in July 2021 to enhance its healthcare solutions. This collaboration focuses on improving access to high-quality outpatient care through HKBH’s first Ambulatory Medical Centre (AMC).
• Sunvera Group, which supports ophthalmology practices and ambulatory surgery centers, announced a new partnership with TruVista Surgery Center in June 2021. This partnership expands Sunvera’s network and provides specialized eye care.
• In the United States, United Surgical Partners International and Tenet Healthcare Corporation formed a joint venture to acquire 244 ambulatory surgery centers, 20 imaging centers, and 16 short-stay surgical hospitals.
• The Midwest Center for Day Surgery and Surgical Care Affiliates (SCA) teamed up to strengthen SCA’s position as a leading provider of affordable, high-quality surgical care in Chicago.

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