The global Outpatient Clinics Market is estimated to be valued at US$ 39.00 Bn or Billion in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Outpatient clinics provide both diagnostic and curative services to patients through a team of medical professionals including general physicians, specialists, nurses and technicians. Outpatient clinics are convenient as they help shorten wait times and allow patients to receive treatment without getting admitted. The growing importance of convenience and preventive healthcare are driving demand for outpatient clinics globally.
Market Overview:
They offer services like diagnostic tests, minor surgical procedures, physical therapy and other treatments that don't require an overnight hospital stay. With the rise in chronic diseases and emphasis on minimizing healthcare costs, utilization of outpatient clinics is increasing steadily.
Market key trends:
One of the key trends in the Global Outpatient Clinics Market Size is the rising adoption of telehealth services. With the COVID-19 pandemic accelerating digitalization of healthcare, several clinics have started offering remote consultation and treatment monitoring options to patients. This allows people to access healthcare from the comfort of their homes safely. Moreover, telehealth reduces travel costs and time spent visiting clinics in-person. Its convenience as well as its ability to monitor patients remotely is driving its popularity amongst outpatient clinics and patients alike. The market is also witnessing growth due to factors like the increasing burden of chronic diseases worldwide, rising medical costs, growing geriatric population and their higher healthcare needs.
Segment Analysis
The global outpatient clinics market is segmented into private outpatient clinics and public outpatient clinics. Private outpatient clinics dominated the market in 2022 with a share of over 70% due to the convenience, personalized care experience, availability of advanced medical equipment and technologies, and no long waiting period compared to public clinics. However, the public outpatient clinics segment is expected to witness significant growth during the forecast period driven by growing government initiatives to provide quality and affordable healthcare to all.
Key Takeaways
The global outpatient clinics market is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing prevalence of chronic diseases, rising healthcare costs, growing geriatric population, and emergence of advanced medical technologies.
By region, North America dominated the global market in 2022 with a share of over 40% owing to the presence of major players, rising healthcare spending, availability of advanced medical facilities, and increasing healthcare awareness among individuals in US and Canada. Asia Pacific is projected to be the fastest growing regional market during the forecast period credit to growing medical tourism, developing healthcare infrastructure, and rising government initiatives to expand healthcare access in major countries.
Key players operating in the outpatient clinics market are HCA Healthcare, Ascension Health, Kaiser Permanente, Mayo Clinic, Cleveland Clinic, Johns Hopkins Medicine, Tenet Healthcare Corporation, Community Health Systems, Mount Sinai Health System, UPMC (University of Pittsburgh Medical Center), HealthCare Partners, MedExpress Urgent Care, Concentra, DaVita Inc., The Little Clinic (Kroger Co.). Major players are focused on adopting advanced medical technologies to provide quality care, expanding outpatient facilities to tap opportunities in developing nations, and collaborations & acquisitions to strengthen their market position.
For More Insights, Read- https://www.newsstatix.com/outpatient-clinics-market-size-share-analysis-2023-2030/
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