Outpatient Care - North America

North America

In North America, specifically United States, the Outpatient Care market is anticipated to achieve a substantial revenue of US$0.77tn by the year 2024.
This projection indicates an annual growth rate (CAGR 2024-2029) of 4.51%, ultimately leading to a market volume of US$0.96tn by 2029.
It is noteworthy that, in a global context, United States is expected to generate the highest revenue, amounting to US$744.80bn in 2024.
In North America, the trend in outpatient care is a shift towards telemedicine and virtual visits, particularly in the United States.

Key regions: United Kingdom, Japan, China, Brazil, Canada

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Analyst Opinion

The Outpatient Care market in North America has been steadily growing in recent years.

Customer preferences: Customers in North America have shown a preference for outpatient care due to its convenience and cost-effectiveness. Outpatient care allows patients to receive medical treatment without having to stay overnight in a hospital, which can be both expensive and time-consuming. Additionally, outpatient care centers often offer a wider range of services than traditional hospitals, including specialized treatments and procedures.

Trends in the market: One trend that has been observed in the North American Outpatient Care market is the increasing use of technology. Many outpatient care centers are adopting new technologies to improve patient care and streamline operations. For example, some centers are using telemedicine to provide remote consultations and follow-up care, while others are implementing electronic health records to improve communication and coordination between healthcare providers.Another trend in the North American Outpatient Care market is the growing demand for specialized services. As healthcare becomes more personalized, patients are seeking out specialized treatments and procedures that are tailored to their specific needs. This has led to the emergence of specialized outpatient care centers that focus on areas such as cancer treatment, orthopedics, and women's health.

Local special circumstances: There are several local special circumstances that are driving the growth of the North American Outpatient Care market. One of these is the aging population. As the baby boomer generation continues to age, there is an increasing demand for healthcare services, including outpatient care. Additionally, the rising prevalence of chronic diseases such as diabetes and heart disease is driving demand for outpatient care services.Another local circumstance is the increasing emphasis on preventive care. Many healthcare providers in North America are shifting their focus from treating illnesses to preventing them. This has led to the development of outpatient care services that focus on preventive care, such as wellness programs and health screenings.

Underlying macroeconomic factors: Several macroeconomic factors are driving the growth of the North American Outpatient Care market. One of these is the increasing cost of healthcare. As healthcare costs continue to rise, many patients are seeking out more affordable alternatives to traditional hospital care. Outpatient care centers are often less expensive than hospitals, making them an attractive option for cost-conscious patients.Another macroeconomic factor is the increasing focus on value-based care. In recent years, there has been a shift towards paying healthcare providers based on the quality of care they provide, rather than the quantity of services they deliver. This has led to the development of outpatient care services that focus on delivering high-quality, cost-effective care to patients.

Methodology

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.