Outpatient Hospital Services Market to Grow with an Impressive CAGR During the Forecast Period
Increasing
concerns for patient care is driving the growth in Global Outpatient Hospital
Services Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Outpatient
Hospital Services Market
By Services (Treatment Services, Diagnostic Tests, Minor Surgical Procedures,
Others) By Type (Emergency Department, Urgent Care Centers, Primary Care Clinics,
Specialized Outpatient Clinics, Others) By Region, Competition Forecast &
Opportunities, 2026”, the global outpatient
hospital services market may potentially project an impressive growth in the
forecast period, 2022-2026, with an impressive CAGR on the account of surge in
the demand for better and efficient healthcare services along with the demand
from the patient care sector. Large hospitals and healthcare centers
accommodate a large population. Patients in the need of round the clock care
are often rendered unattended due to lack of staff or mismanagement. Outpatient
hospital services aids the situation by providing inexpensive patient care at
affordable rates. Rising number of patients suffering from chronic diseases
like cancer, cardiovascular diseases, neural degenerations, Alzheimer’s
disease, etc. are further substantiating the growth of the global outpatient
hospital services market in the upcoming five years.
Outpatient hospital services are the healthcare
services that are provided to the patients often suffering from chronic or
lifestyle diseases. Some of the outpatient service also includes surgical
operations that are carried in clinics, and specialty hospitals or healthcare
centers and the post-op procedures are carried out in outpatient facilities and
often home care settlement.
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The global outpatient hospital services market
segmentation based on services, type, competitional landscape, and regional
distribution. Based on type, the market is further differentiated into emergency
department, urgent care centers, primary care clinics, specialized outpatient
clinics, and others. Primary care clinics are anticipated to hold the largest
revenue shares of the market and assert its dominance on the market segment on
the account of rising concerns for the in expensive hospital bills even for
basic healthcare facility. Primary care clinics are the health care service
providers that provide the services like first point of contact in healthcare
systems This includes general practice, community pharmacy, dental, and
optometry services. Emergency department is expected to register fastest
growing CAGR growth in the next five years owing to the rapid demand for the
emergency facilities along with the rising instances of the emergency situation
as in road accidents, sudden cardiovascular threats, or other accidental
instances where the patient requires immediate attention. Specialized
outpatient clinics are also expected to register significant growth on the
account of increasing number of patient suffering from lifestyle and chronic
diseases.
Based on services, the market is further bifurcated
into treatment services, diagnostic tests, minor surgical procedures, and
others. The diagnostic tests are expected to hold the largest revenue shares of
the market and dominate the segment in the next five years on the account of
increasing number of diagnostic centers and advancement of technologies that
support the early and effective diagnosis of various diseases. Rapidly
increasing number of blood tests, urine tests, thyroid tests, and glucose tests
are further substantiating the growth of the global outpatient hospital
services market in the upcoming five years. Treatment services are expected to
register significant growth in the future five years on the account of the
rapidly increasing demands for the efficient and effective treatment in the
outpatient hospitals. Advanced technologies have made it possible for the
patients to avail healthcare services in specialty hospitals and clinics as
mobile medical devices are affordable and accessible for them. These factors
are actively supporting the growth of the global outpatient hospital service
market in the next five years.
Holding the major shares of the global outpatient
hospital services market are Apollo Hospitals Enterprise Limited, Max
Healthcare Institute Limited, Fortis Healthcare Limited, Aster DM Healthcare
Limited, HCA Healthcare, Inc., Community Health Systems, Inc., Tenet Healthcare
Corporation, ORPEA Group, Netcare Limited, Spire Healthcare Group plc, among
others. Market players are actively involved in the research and technological
development in the medical device and testing kit developments. The advanced
technology has made it possible for the healthcare industry to provide
excellent healthcare services through outpatient hospital services. Further
advancement would aid the market value and brand establishment in the future
five years. New market players may focus on the research and development to
provide options that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
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“North America supports
the most promising and most established healthcare industry. The region is
expected to dominate the global market for outpatient hospital services on the
account of rapidly increasing market players in the large economies like United
States and Canada. Rapidly evolving healthcare infrastructure and advancing
technology is supporting the esteemed growth of the global outpatient hospital
services. The new market players must focus on the extended research and
technological advancements for the future brad establishment,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based Global
management consulting firm.
“Global Outpatient
Hospital Services Market By Services (Treatment Services, Diagnostic Tests, Minor
Surgical Procedures, Others) By Type (Emergency Department, Urgent Care
Centers, Primary Care Clinics, Specialized Outpatient Clinics, Others) By
Region, Competition Forecast & Opportunities, 2026”, has evaluated the
future growth potential of global outpatient hospital services and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global outpatient hospital services market.
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