Global Outpatient Screening Services Market was valued at US$ 4311.27 million in 2019 and is expected to reach US$ 17,091.65 million by 2030, growing at a CAGR of 15.9% over the forecast period. Medical procedures or tests that can be performed without staying overnight are called as outpatient centres. The cost of outpatient services are very less compared to the hospitals because the patient doesn’t have to stay overnight. These centres specialise in one kind of treatment or procedure most of the time. Once the procedure is over, they’re free to leave the doctor’s office, outpatient clinic or hospital. Outpatient facilities have various advantages like the patients can find a comfortable position on their couch, chair or bed and enjoy an activity of their choice. Instead of hospital food, they can even enjoy their own food.
The major players operating in the market include Apollo Hospitals Enterprise Ltd, ASAN MEDICAL CENTER, BayCare, CAMC Health System, Inc., Cancer Treatment Centers of America, Hinduja IVF Centre, Outpatient CareCenter, Sarasota Memorial Health Care System and other market participants.
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Outpatient procedures almost always cost less than inpatient procedures that are comparable. It’s not cheap to stay in a hospital overnight for observation, and by recovering at home instead of in a hospital room patients can save a lot. Patients are electing outpatient procedure rather than an inpatient one, patients who have good health insurance can save significantly by visiting outpatient facilities. The difference between outpatient and inpatient care is thousands of dollars in many instances these factors contribute to the growth of outpatient screening services market over the forecast period. The demand for outpatient screening services would further increased due to factors such as shortened hospital stays and reduced healthcare spending due to a strong preference for minimally invasive surgery and technological advances. The advancement in laparoscopy and endoscopy has lowered the need for longer hospital stays. Advancements in imaging diagnostic systems has increased the patient visits to various outpatient centres, in the US, the Methodist Center for Diagnostic Imaging was launched in December 2016. It is an outpatient imaging facility that provides patients with high-quality and cost-effective diagnostic imaging.
The main factor which will boost the market is the growing number of ageing population, complex medical problems and the reduction in the number of doctors practising primary care. In developing countries, the ageing population is a rising strain on the healthcare system, according to a survey in 2015, 8.5% of the world’s population was aged 65 and over, and this figure is expected to grow to 17% by 2050. According to the United Nations Economic and Social Commission for Asia and the Pacific by 2050 one in four citizens would be 60 years of age or older in the Asia Pacific region. The area is witnessing an unprecedented rate of population ageing, with the number of elderly people projected to more than double.
Patients sought greater importance and comfort in their healthcare experiences prior to the coronavirus pandemic, resulting in a movement beyond the hospital for treatment. Measures to restrict coronavirus exposure seriously strained operations of outpatient facilities and revenue. The pandemic has significantly altered health care delivery practises in the many clinicians began using telemedicine for the first time in the context of declining in-person visits. However, providers have faced rises in COVID-19 cases in their populations in certain parts and there is an increase in burden on the hospitals, due to this the importance of outpatient screening services and facilities has risen. In health care practises, the COVID-19 pandemic has significantly altered how outpatient care is delivered. However as compared to outpatient surgeries in developing countries, the lack of adequate medical facilities and favourable reimbursement policies for inpatient surgeries are expected to hamper the growth of the market. Pressures on complex reimbursement rates, a move to a bundled payment rate structure and increasing acquisitions of outpatient centres by hospital settings are factors that could hold back the growth of outpatient screening services market.
The main factors which could provide opportunities for the market to boost in future is the rise in the number of lifestyle diseases and the growing ageing population, as well as the high cost of treatment. The growing number of diseases and their approaches to patient growth and treatment create many market opportunities. In outpatient screening services market clinical innovation, patient preferences, and financial incentives are generating higher revenues and according to a survey there is a substantial revenue growth from outpatient facilities in 2019. In response to new technologies and healthcare consumerism, providers and other major healthcare stakeholders are increasingly making investments in outpatient services and centres. Owing to emerging technologies such as advanced imaging, virtual and remote care, and mobile applications providers and other leaders in biotech, financial services, life sciences, IT and consulting verticals are attracted to new outpatient opportunities. Outpatient facilities face the greatest challenge to minimise costs for equipment, procedures, employment and to raise revenue from more diverse medical opportunities. They will improve productivity and success in these areas by harnessing data and analytics systems. The screening services offered by outpatient clinics at low cost will boost the market for outpatient screening services globally. Moreover, rising awareness towards these facilities and increasing government initiatives are boosting the growth of these services over the forecast period.
Outpatient Screening Services Market:
By Services
- Wellness and Prevention Services
- Lab Tests and MRI Scans.
- Bloodwork and Urine Tests
- Colonoscopies
- Mammograms
- Chemotherapy and Radiation Treatments
- Rehabilitation
- Emergency or Observation Services
- Pre-operative COVID-19 Screening Process
- X-rays and Other Radiology Services
- Preventive and Screening Services
- Minor Surgical Procedures
- Others
By Provider
- Hospitals
- Clinics
- Ambulatory Centers
- Mental Health Clinic
- Rural Health Clinic
- Mobile X-ray Unit
- Free-standing Dialysis Unit
- Substance Abuse Centers
- Doctor’s Office
- Others
By Booking Type
- Online
- Over the Phone
By Region
- North America
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- U.S.
- Canada
- Mexico
- Rest of North America
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- Europe
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- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Argentina
- Rest of Latin America
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