Outpatient Care - NAFTA | Statista Market Forecast

The Outpatient Care market in NAFTA is anticipated to witness a substantial surge in revenue, with an estimated value of US$773.00bn by the year 2024.
It is further projected to display a consistent annual growth rate (CAGR 2024-2029) of 4.38%, ultimately reaching a market volume of US$957.90bn by 2029.
In comparison to other countries worldwide, United States is expected to generate the highest revenue, amounting to US$744.80bn in 2024.
In the United States, the trend in outpatient care is a shift towards telemedicine and virtual consultations, driven by increased convenience and accessibility for patients.

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.

Ambulatory care by hospitals
Minor surgical procedures
Clinic visits by patients
Checkups
Emergency department visits

Inpatient care
Day care
Long-term care
Home-based care

The Outpatient Care market in NAFTA has been experiencing significant growth in recent years. This can be attributed to various factors such as changing customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in NAFTA countries have been increasingly opting for outpatient care services over inpatient care due to various reasons. One of the main reasons is the cost-effectiveness of outpatient care services. Outpatient care services are generally less expensive than inpatient care services, making them a more affordable option for customers. Moreover, outpatient care services offer greater convenience to customers as they can receive treatment without having to stay overnight at a healthcare facility. This is especially beneficial for customers who have busy schedules or live far away from healthcare facilities.

Trends in the market: The Outpatient Care market in NAFTA has been witnessing various trends in recent years. One of the major trends is the increasing number of outpatient care facilities across the region. This is due to the growing demand for outpatient care services and the need to provide accessible healthcare to customers. Another trend is the adoption of advanced technologies in outpatient care services. This includes the use of telemedicine, electronic health records, and mobile health applications to improve the quality of care and enhance the overall customer experience.

Local special circumstances: Each NAFTA country has its own unique set of circumstances that affect the Outpatient Care market. For instance, in the United States, the Outpatient Care market is influenced by the Affordable Care Act, which has increased the number of insured individuals and expanded access to outpatient care services. In Canada, the Outpatient Care market is influenced by the country's universal healthcare system, which provides free access to outpatient care services to all residents. In Mexico, the Outpatient Care market is influenced by the country's growing middle class, which has increased demand for high-quality healthcare services.

Underlying macroeconomic factors: Various macroeconomic factors are driving the growth of the Outpatient Care market in NAFTA. One of the main factors is the aging population in the region. As the population ages, there is a greater need for healthcare services, particularly outpatient care services. Another factor is the increasing prevalence of chronic diseases such as diabetes, heart disease, and cancer. This has led to a greater demand for outpatient care services that focus on disease management and prevention. Additionally, the growing middle class in NAFTA countries has increased demand for high-quality healthcare services, including outpatient care services.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

In recent years, a clear shift from inpatient to outpatient care has changed the face of healthcare, impacting operations, business models, staffing, and capital. Ambulatory centers carry out increasing numbers of medical procedures following advancements in healthcare technologies, cost management incentives, and consumer-focused services. There is a significant rise in the utilization of non-traditional sites of service such as ambulatory surgery centers, community health centers, primary care clinics, and telehealth. Employment in U.S. Ambulatory health care services has considerably grown over the years. Since 2007, according to the number of ambulatory care establishments in the U.S., nearly a hundred thousand ambulatory care establishments have opened across the country.