Outpatient Hospital Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented 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, and Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationOutpatient Hospital Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented 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, and Competition
Global Outpatient Hospital Services Market is projected to accomplish high growth in the forecast period, 2024-2028 on account of increasing outpatient healthcare expenditure. The growing popularity of outpatient healthcare services is further supporting the market growth. With the rising numbers of cancer cases around the globe, there is also a simultaneous increase in the treatment of cancer. To avoid long queue and appointments for cancer treatment, the number of people opting for outpatient chemotherapy has increased due to its comparatively low price than the inpatient chemotherapy, plus there is no stay at hospitals. Most chemotherapy patients can continue working and engaging in their regular activities because most chemotherapy treatments are administered in an outpatient clinic.
The Medicare Prescription Drug Improvement and Modernization Act (MMA) in the United States which was first passed in 2003 and got into effect by January 2005 made a mandatory reduction in payments for outpatient chemotherapies by implementing the act.
According to Global Cancer Observatory total 19,292,789 cases of cancer were reported globally in 2020 with its high prevalence in Asia.
Medical screenings such as mammogram, colonoscopy, and endoscopy are some of the other procedures which is easily provided in the outpatient hospitals to many patients at a time thus, people seeking for chemotherapy with increasing cases of cancer is expected to support the growth of Global Outpatient Hospital Services Market.
High Inpatient Cost to Boost the Market of Outpatient Hospital Services Globally
The price of medicine has gone up recently and patient stay duration has dramatically dropped because of better wound healing technology and quicker recovery from procedures, which has led to a gradual fall in the inpatient market. The lengthier hospital stay also incurs more costs for hospitals because of reduce hospital’s capacity to admit new patients thus, driving the Outpatient Hospitals Market Services globally.
Minimally Invasive Surgery to Promote Outpatient Operations
Minor operations, especially those that employ minimally invasive methods, minor surgical operations including laser surgery, hand or foot surgery, mole removal, and Lasik eye surgery which don't require high-level medical expertise are easily conducted in outpatient hospitals. Numerous procedures (such as knee replacements and tonsillectomy) have been able to transition into the outpatient setting due to improvements in clinical approaches and technology, including new breakthroughs in anesthetic and pain control as well as minimally invasive surgical techniques. The increase in minimally invasive surgical procedures performed is expected to drive the growth of global outpatient hospital services market.
Increasing Oral Surgeries and Other Dental Procedures
Increasing Cataract Surgeries
Cataracts are the primary cause in half of cases of the 40 million blind people globally. Most of the cataract blind people worldwide reside in underdeveloped nations. Each year, there are about 5 million new cases of cataract blindness. In comparison to high-income countries, low- and middle-income countries have a higher proportion of vision impairment caused by cataracts.
According to the Vision Loss Expert Group (VLEG), 40% of all cases of blindness worldwide nearly 17 million persons are bilaterally blind from cataracts in the year 2020.
Market Segmentation
Market Players
Attribute | Details |
Base Year | 2022 |
Historical Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | Service Type |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Kuwait, Brazil, Argentina, Colombia |
Key companies profiled | 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. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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