The demand for outpatient clinics has increased steadily over the recent years. Increasing advancements in the medical technology is leading to improvement in medications and treatment techniques, which saves the time of patients from long-stay in hospitals and clinics. Rising incidences of chronic ailments such as congestive heart failures, depression, diabetes and asthma leads to severe and complex health issues. There is increase in the price of treatment process in many healthcare organizations due to which, patients are inclined towards outpatient clinics for receiving treatment. Aging population and nondiscretionary nature of services offered is expected to bolster the revenue of the global market.
Outpatient clinics continues to play an important role in the management of cognitive behavioral disorders. High-risk conditions such as obsessive-compulsive behavior, obesity, depression, sexual offence and substance abuse are turning out to be major concerns in many countries. Growing requirement for relapse management and prevention is likely to contribute towards the growth of global market for outpatient clinics over the forecast period. However, imposition of stringent regulations and lack of doctors for treating several diseases continues to restrain the growth of global market for outpatient clinics during the forecast period.
Important findings from report indicates that the global outpatient clinics market will develop at an assessed 4.3% CAGR during the forecast period, 2017-2022. The report also anticipates that by 2022-end, outpatient clinics will reach a valuation of over US$ 39,000Mn worldwide.
To meet the rising consumer demands, manufacturers namely Kaiser Permanente Inc., Mayo Clinic, University of Maryland Medical Center, Cleveland Clinic, Johns Hopkins Medicine, M D Anderson Cancer Center, Memorial Sloan Kettering, DaVita Inc. and Fresenius Medical Care are expected to lead the development of outpatient clinics in the near future. The recent study by Future Market Insights has shown these companies as prominent players in the global outpatient clinics market. Collaborations amongst the existent and emerging companies will remain a significant trend in the global outpatient clinics market.
North America to Remain Dominant with Efficient Stringent Regulations
Strict regulations such as Educational Reconciliation Act, Patient Care Affordable Act permits private healthcare insurance facilities and provides citizens of the U.S with public health coverage. North America is expected to dominate the global outpatient clinics market over the forecast period.
Rising Patient Inclination towards Multi-Specialty Centers to Create Opportunities for Emerging Market Players
Increasing incidences of cardiovascular and chronic disorders are expected to drive the demand for multi-specialty centers worldwide. On the basis of revenue, multi-specialty center segment is anticipated to observe significant growth by reaching a valuation of over US$ 8,400Mn by the end of 2022.
Cardiology Sector to Contribute Considerably Towards Production Sales in the Forthcoming Years
Cardiovascular diseases such as cerebrovascular diseases, coronary heart diseases, hypertension and higher blood pressure levels continues to be a prominent cause of increasing mortality rates, globally. Therefore, demand for quick and effective treatment process remains high. Based on specialty areas, the dermatology segment will exhibit a notable CAGR by 2022-end. However, cardiology segment is likely to account for a healthy revenue growth, reaching over US$ 3,000Mn during the forecast period.
Increasing Drug & Alcohol Addiction Rates to Up-take Demand for Outpatient Clinics
With increasing number of populace in grip of drug and alcohol addiction, the requirement for rehab centers is expected to increase. Outpatient rehabs provides the patient with facility to even stay at home during the drug and alcohol rehabilitation program. Moreover, treatment at outpatient rehabs are relatively cheaper compared to residential and inpatient treatments. With increasing requirement for treatment of drug and alcohol addiction issues, demand for the outpatient clinics is anticipated to rise in the global market.
Overall, the viewpoint on global outpatient clinics market continues to be positive, with North America developing lucrative opportunities for the market players. Increasing need for identifying and preventing cognitive behavioral illnesses is projected to considerably drive the global market over the forecast period.
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