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Ambulatory Surgery Market In India Market Size, Share, Global Sales Volume 2021: Future Trends, Top Key Players Review, Growth Estimation, Economic Factors, Business Strategies, Production and Supply Forecast to 2026

Julia Waven by Julia Waven
January 21, 2022
Reading Time: 6 mins read
0

In a recent published report, Kenneth Research has updated the Ambulatory Surgery Market In India report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ambulatory Surgery Market In India products.

Get a Sample PDF of report-https://www.kennethresearch.com/sample-request-10170298

According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

Ambulatory surgery is a surgical procedure that allows patients to return home on the same day of the surgery. Such surgery centers can be either standalone units, or attached/affiliated to hospitals. Currently, with rapid technological advancements in the Indian healthcare sector, ~60% of all surgeries can be performed at short-stay surgery centers. Ambulatory care services are provided at various healthcare facilities like dialysis clinics, ambulatory surgical centers, hospital outpatient departments, and outpatient clinics, among others.

Ambulatory Surgery Market in India (2018-2023)

Global market overview:
As of 2018, 60% of surgeries performed globally are day care or short stay surgeries. The global ambulatory service market is expected to reach INR 242 Tn by 2024, growing at a CAGR of ~6% from INR 155 Tn in 2016.
The major factors boosting the growth of the market are increasing aging population, growing treatment costs, increasing consumer awareness, and high government expenditure on ambulatory care services, among others.
AmSurg Corp., Surgery Partners, Symbion, and IntergraMed America, Inc., among others, are some of the major players operating in the global ambulatory services market.

India market overview:
The ambulatory surgery market has immense potential for growth in India, since the country is currently burdened with more than 20% of the world’s diseases, but has only 6% of the world’s hospital beds. Ambulatory surgery is expected to reduce the average cost of treatment by 70%, when compared to the cost of inpatient surgery.
In the last few years, there has been a significant increase in ambulatory surgery centers in the fields of ophthalmology, gastroenterology, and orthopaedics, among others. It is expected that by 2020, 75% of the surgeries performed in India will be ambulatory surgeries, as compared to 43% in 2016. Hospitals are allotting some of their beds to ambulatory surgery centers, for efficient asset utilization.

Hospital integrated units, hospital autonomous units, hospital satellite units, and freestanding units are the different formats of ambulatory surgery centers in India. Hospital integrated units share facilities like operation theater (OT), outpatient department (OPD), and the healthcare workforce with the hospital, without the nursing staff. Freestanding units are autonomous units that have all the facilities like pharmacies, diagnostic labs, operation theaters, outpatient departments, dedicated workforce, and full-time consultants.

To Understand How Covid-19 Impact Is Covered in This Report – Get a Sample PDF of report Enquire before purchasing this report –https://www.kennethresearch.com/sample-request-10170298

Healthcare centers specializing in eye care, dialysis, and oncology treatment have the same format as ambulatory surgical centers. It is expected that by the end of 2020, more ambulatory surgical centres specializing in oncology will be established in Tier II and Tier III cities in India, to meet the increasing demand for radiation therapy and healthcare consultancy services.

In 2015, the Indian ambulatory surgery market was valued at INR 250 Bn, and it is expected to grow at a CAGR of ~15% during the forecasted period.

Key growth drivers of the market:
The factors driving market growth are high demand for ambulatory care centers in various therapeutic areas, cost-effectiveness, advancements in the

healthcare sector, and lack of proper medical facilities in India.

India lacks proper medical facilities for a number of diseases like cataract, cancer, and acute kidney diseases, among others. As of 2016, ~0.2 Mn people needed dialysis treatment every year in India, whereas there were only 0.4 dialysis centers per Mn people. In India, 95% of medical colleges do not provide comprehensive cancer care services that include surgical, medical, and radiation oncology departments, in the same campus. Thus, there is scope to establish more day care centers that will meet the rising demand for healthcare facilities in the country.

As of 2017, medical inflation in India was 15%, while the government’s expenditure on healthcare was around 1.4% of the GDP. More ambulatory surgery centers need to be set up to provide surgery treatments on an outpatient basis, thereby reducing expenditure on hospital stays.

The public healthcare system in India is plagued with underfunded hospitals and clinics, and ineffective health schemes. Rising patient inflow from rural areas to metropolitan cities for healthcare services, and lack of hospital beds, have led to the inception of day care surgery or ambulatory surgery centers (ASC). In 2016, it was reported that India had 0.9 hospital beds per 1,000 people, which is lowest among the BRIC nations. These are the key factors driving the growth of ambulatory care services across the country.

Key challenges of the market:
The major challenges affecting market growth are diagnostic errors, and challenges with regard to post-operative care.

Patients have to be diagnosed quickly at ambulatory surgery centres, which can lead to inaccurate diagnosis, and improper treatment by medical practitioners.

Ambulatory surgery centers discharge their patients on the same day of the surgery. This acts as a challenge in providing proper post-operative care and controlling infections may become difficult.

Competitive Landscape:
Some of the key players operating in the market are:

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

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

For More Reports:
Adaptive Optics Components Sales Market
China Treasury and Risk Management Software Market
Global Connected Roadside Assistance Solution Market
Asia Pacific Automotive Intelligent Lighting Market

 

About Kenneth Research:

Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.

Contact Us

Name: Kenneth research

Email:sales@kennethresearch.com

Phone: +1 313 462 0609

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Julia Waven

Julia Waven

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