Definition:
Outpatient Care refers to medical and surgical services that are provided to patients who do not require an overnight stay in a hospital. It covers a wide range of services, including diagnostic tests, procedures, and treatments that are performed on an outpatient basis (e.g., doctor consultations, diagnostic services, and laboratory tests). Hospital outpatient care is designed to provide convenient, efficient, and cost-effective medical care to patients, allowing them to receive medical attention without having to spend the night in a hospital. This reduces the overall cost of healthcare and increases accessibility to medical services.
Additional information:
The Outpatient Care market comprises revenues and average revenue per capita. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2023
Source: Statista Market Insights
Most recent update: Aug 2023
Source: Statista Market Insights
Outpatient Care is one of the most essential services within the Hospitals market because patients are able to get consultations and/or treatments that can only be provided by hospitals. Driven by the need for more convenient and cost-effective medical services, a continued shift towards outpatient care is estimated in the future.
Furthermore, the growth of telemedicine, such as remote diagnosis, the treatment of patients, and online consultations, is expected to drive the growth of the Outpatient Care market. This technology allows patients to receive medical care remotely, reducing the need for in-person visits and increasing accessibility to medical services, thus making the visit to the doctor more convenient. With the availability of online consultations, patients who may have been deterred by the high complexity of hospital visits can now quickly and easily schedule an online consultation with a doctor. This can result in increased revenue numbers for hospitals as the patient is more likely to follow through with the appointment. Moreover, if the doctor recommends that the patient visit the hospital for further assessment or treatment, it can result in additional revenue for the hospital.
Another key benefit of telemedicine is that, with the aid of technical devices and online consultations, it allows patients to receive post-surgical care from the comfort of their own homes. This has been particularly advantageous for patients who have undergone moderately severe operations that traditionally required an inpatient stay. Hence, it fosters the ongoing trend for shifting from inpatient to outpatient care.
In the forecast period, the Outpatient Care market is expected to exhibit high growth numbers, with a CAGR of around 4%. Hospitals are expected to put a stronger focus on preventive care, which is projected to drive the growth of the market. This may include investments in wellness programs, disease management, and patient education, which can help prevent chronic conditions and improve patient conditions.
Most recent update: Aug 2023
Source: Statista Market Insights
Data coverage:
Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.Additional notes:
Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.