Ambulatory surgery is a surgical procedure that enables patients to return home on the same day of the surgery. Whereas, the ambulatory surgery is also known as outpatient surgery which does not require an overnight hospital stay. Outpatient surgery may transpire in an inpatient facility, in an independent unit within a hospital, in a freestanding self-contained unit or in a physician’s office-based unit. This surgery centers can be either standalone units or affiliated to hospitals. Recently, with rapid technological developments in the Indian healthcare sector, 60% of all surgeries can be performed at short-stay surgery centers. Ambulatory care facilities are provided at numerous healthcare services like dialysis clinics, hospital outpatient departments, ambulatory surgical centers, and outpatients clinics, among others. In addition, the key players of this market are playing an important role in acquiring the huge market share across the globe which further proved to be beneficial for leading the fastest growth in the forecasted period.
According to the report analysis, ‘Ambulatory Surgery Market in India 2018-2023’ it is stated that some of the major key players which are recently functioning in this market more actively for attaining the handsome amount of share by doing technological advancements includes Dr. Agarwal’s Eye Hospital Limited, Fortis Healthcare Limited, Apollo Health and Lifestyle Limited, CARE Hospitals Private Limited, Max Healthcare Institute Limited, Sankara Nethralaya Private Limited, Vasan Healthcare Private Limited, Columbia Asia Hospitals Private Limited and several others. Meanwhile, there are major factors which boosting the growth of the market includes an accumulative aging population, rising treatment costs, increasing consumer awareness, and high government expenditure on ambulatory care services, among others. Additionally, AmSurg Corp., Surgery Partners, Symbion, and IntergraMed America, Inc., among others, are some of the focused and main players functioning in the global ambulatory services market. As of 2018, 60% of surgeries accomplished across the globe, are daycare or short stay surgeries. The ambulatory service market across the globe is predicted to reach INR 242 Tn by 2024, rising at a CAGR of 6% from INR 155 Tn in 2016.
In India, the ambulatory surgery market has immense potential for growth, since the country is presently burdened with more than 20% of the world’s diseases, but has only 6% of the world’s hospital beds. Ambulatory surgery is predicted to decrease the average cost of treatment by 70% when associated with the cost of inpatient surgery. Moreover, the healthcare centers specializing in eye care, oncology and dialysis treatment have the same format as ambulatory surgical centers. The factors driving market growth area high requirement for ambulatory care centers in numerous therapeutic areas, advancements in the healthcare sector, cost-effectiveness and lack of proper medical services in India. Growing patient inflow from rural areas to metropolitan cities for healthcare facilities and a shortage of hospital beds have led to the inception of day care surgery or ambulatory centers. Furthermore, it is expected that in the coming years the market of ambulatory surgery will grow more actively across the globe in the near future with the new entrants in the market.
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Ankur Gupta, Head Marketing & Communications