Global Outpatient Hospital Services Market Size, Share Forecast 2028

Report Description

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. With high dominance of breast cancer and prostate cancer among the population. Chemotherapy drug delivery has changed from inpatient to outpatient settings. Chemotherapy treatment, which was formerly mainly provided in hospital settings, is now mostly provided in outpatient settings, such the oncologist office, an outpatient hospital department, or the patient's home.

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.

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High Inpatient Cost to Boost the Market of Outpatient Hospital Services Globally

The cost of inpatient treatment is also pushing customers to choose outpatient hospital services, which will help in the development of the market globally over the next few years. At inpatient hospital services, the medical devices, surgical equipment, medical equipment, and medications are reasonably high. Additional facility-based costs are charged for inpatient care as well, but outpatient care includes only the costs for the physician and any tests completed. The most recent data information from the Agency for Healthcare Research and Quality (AHRQ Healthcare) demonstrates that depending on the duration of stay and the treatments provided, the average national inpatient expenditures can vary greatly. Consumers are preferring outpatient hospital services because they are more concerned with cheaper costs, greater access, and better experiences. For instance, Blue Cross Blue Shield Association (BCBS) Health Report of America estimates that expenses can be 30 to 40% lower when members choose to have a knee or hip replacement performed in an outpatient facility. Inpatient knee or hip replacements cost, on average, USD30,000, while outpatient procedures cost, respectively, USD19,000 and USD22,000.

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

Oral surgeries and other related procedures such as extractions, implants, root canal, and gum grafts which is conducted in the outpatient hospitals have multiple benefits like less waiting and a shorter hospital stay because of day surgery and has lower risk of nosocomial infections, less disruption of everyday activities, and more therapeutic option availability. There have been a lot of outpatient operations because of recent technical improvements which is expected to boost the market with new emerging technologies. This in turn is expected to create lucrative opportunities for the growth of global outpatient hospital service market in the coming years.

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. Among all eye illnesses, cataracts account for a fraction of blindness that ranges from 15% in high-income nations to 50% or more in underdeveloped and/or rural areas. The cataract surgeries have increased globally, with its one-day operation in the outpatient hospitals, thereby driving the growth of global outpatient hospital services market.

Market Segmentation

Global outpatient hospital services market segmentation is based on services, type, and regional distribution. Based on services, the market is further bifurcated into treatment services, diagnostic tests, minor surgical procedures, and others. Based on the type, the market is segmented into emergency department, urgent care centers, primary care clinics, specialized outpatient clinics, and others.

Market Players

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, are among the major market players operating in the Global Outpatient Hospital Services Market.

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)

Report Scope:

In this report, global outpatient hospital services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Outpatient Hospital Services Market, By Service:

Treatment Devices
Diagnostic Tests
Minor Surgical Procedures
Others

Outpatient Hospital Services Market, By Type:

Emergency Department
Urgent Care Centers
Primary Care Clinics
Specialized Outpatient Clinics
Others

Outpatient Hospital Services Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
France
United Kingdom
Italy
Spain

Asia-Pacific

China
Japan
India
South Korea
Australia

Middle East & Africa

South Africa
Saudi Arabia
UAE

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global outpatient hospital services market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global outpatient hospital services market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

4.1. Benefits of Switching to Outpatient Hospital Services

4.2. Brand Awareness

4.3. Patient Satisfaction Analysis

5. Global Outpatient Hospital Services Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Services (Treatment Services, Diagnostic Tests, Minor Surgical Procedures, Others)

5.2.2. By Type (Emergency Department, Urgent Care Centers, Primary Care Clinics, Specialized Outpatient Clinics, Others)

5.2.3. By Region

5.2.4. By Company (2022)

5.3. Product Market Map

5.3.1. By Services

5.3.2. By Type

5.3.3. By Region

6. North America Outpatient Hospital Services Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Services

6.2.2. By Type

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Outpatient Hospital Services Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Services

6.3.1.2.2. By Type

6.3.2. Mexico Outpatient Hospital Services Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Services

6.3.2.2.2. By Type

6.3.3. Canada Outpatient Hospital Services Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Services

6.3.3.2.2. By Type

7. Europe Outpatient Hospital Services Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Services

7.2.2. By Type

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. France Outpatient Hospital Services Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Services

7.3.1.2.2. By Type

7.3.2. Germany Outpatient Hospital Services Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Services

7.3.2.2.2. By Type

7.3.3. United Kingdom Outpatient Hospital Services Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Services

7.3.3.2.2. By Type

7.3.4. Italy Outpatient Hospital Services Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Services

7.3.4.2.2. By Type

7.3.5. Spain Outpatient Hospital Services Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Services

7.3.5.2.2. By Type

8. Asia-Pacific Outpatient Hospital Services Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Services

8.2.2. By Type

8.2.3. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Outpatient Hospital Services Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Services

8.3.1.2.2. By Type

8.3.2. India Outpatient Hospital Services Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Services

8.3.2.2.2. By Type

8.3.3. South Korea Outpatient Hospital Services Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Services

8.3.3.2.2. By Type

8.3.4. Japan Outpatient Hospital Services Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Services

8.3.4.2.2. By Type

8.3.5. Australia Outpatient Hospital Services Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Services

8.3.5.2.2. By Type

9. South America Outpatient Hospital Services Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Services

9.2.2. By Type

9.2.3. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Outpatient Hospital Services Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Services

9.3.1.2.2. By Type

9.3.2. Argentina Outpatient Hospital Services Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Services

9.3.2.2.2. By Type

9.3.3. Colombia Outpatient Hospital Services Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Services

9.3.3.2.2. By Type

10. Middle East and Africa Outpatient Hospital Services Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Services

10.2.2. By Type

10.2.3. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Outpatient Hospital Services Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Services

10.3.1.2.2. By Type

10.3.2. Saudi Arabia Outpatient Hospital Services Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Services

10.3.2.2.2. By Type

10.3.3. UAE Outpatient Hospital Services Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Services

10.3.3.2.2. By Type

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Recent Developments

12.2. Mergers & Acquisitions

12.3. Product Launches

13. Global Outpatient Hospital Service Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Business Overview

15.2. Product Offerings

15.3. Recent Developments

15.4. Financials (As Reported)

15.5. Key Personnel

15.6. SWOT Analysis

15.6.1. Apollo Hospitals Enterprise Limited

15.6.2. Max Healthcare Institute Limited

15.6.3. Fortis Healthcare Limited

15.6.4. Aster DM Healthcare Limited

15.6.5. HCA Healthcare, Inc.

15.6.6. Community Health Systems, Inc.

15.6.7. Tenet Healthcare Corporation

15.6.8. ORPEA Group

15.6.9. Netcare Limited

15.6.10. Spire Healthcare Group plc

17. Strategic Recommendations

Figures and Tables

Frequently asked questions

What major factors are driving the Global Outpatient Hospital Services Market growth?

The prevalence of cancer and its treatment by chemotherapy, medical screenings, minor surgeries, diagnostic tests and accident and trauma cases are expected to grow the market of global outpatient hospital services market in the forecast years, 2024-2028.

Who are the key players operating in the Global Outpatient Hospital Services Market?

Apollo Hospitals Enterprise Limited, Max Healthcare Institute Limited, Fortis Healthcare Limited, Aster DM Healthcare Limited, HCA Healthcare, Inc., among others are some of the leading players operating in global outpatient hospital services market.

Which region is expected to dominate the Global Outpatient Hospital Services Market in the forecast period?

North America region is anticipated to dominate the global outpatient hospital services market on the account of advanced healthcare industry in the larger economies like the United States, and Canada with the development of technology and integration of artificial intelligence in the outpatient department.

What are the major factors restraining the growth of Global Outpatient Hospital Services Market?

The rise in the cost of surgical equipment and equipment repairing and shortage of professional staffs in the developing and underdeveloped countries are some of the major factors restraining the growth of the market.

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