Ambulatory care refers to medical care provided on an outpatient basis, that include diagnosis, observation, treatment, and rehabilitation services, and ambulatory surgery or same-day surgery are referred to surgical procedure, which allows a person to return home on the same day are also included in the ambulatory care.
A major trend which is been observed in the ambulatory service is increasing growth in hospital based ambulatory surgical centers. As several large healthcare organizations have established multi-specialty facilities and are also setting ASCs to gain a larger share of the market.
Market Drivers
Increasing disposable income and expenditure on healthcare
The disposable personal income in the country has increased from INR 59.4 Mn in 2010 to INR 141.2 Mn in 2015, which has enabled rising pocket expenditure on healthcare. However, augmenting demand of ambulatory surgeries, account for large number of surgeries conducted in Medical centers. Further, the private hospitals are also opening number of clinics at various locations, which in turn helps to improve the accessibility of the ambulatory services in various region of the country.
Changing Demographics
The changing demographics structure of India is also expected to increase the demand for various healthcare services including ambulatory services. Further, increased average life expectancy has also led to growth in elderly population in the country. For instance, In 2014, there were ~118.8 Mn people aged above 60 years in India, which is estimated to cross 150 Mn till 2020. Therefore, a large pool of elderly population is expected to boost the ambulatory service market in the near future.
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Segmentation
By Center Type
- Single-Speciality Centers
- Multi-Speciality Centers
By Modality
- Hospital Integrated Facility
- Self-Contained Unit on Hospital Site
- Free Standing Self Contained Unit
By Services
- Diagnostic Services
- Surgical Services
By Speciality Area
- Ophthalmology
- Orthopedics
- Gastroenterology
- Pain Management
- Others
Competitive Analysis
Increasing expansion of key players in various states
Dr. Agarwal’s Eye Hospital Ltd, in India has various clinics for instance, in Tamil Nadu, Karnataka, Telegana and Andhra Pradesh, Maharashtra and the company is now entering Kerala. Further the company plans to increase its turnover to INR 5 bn by FY 2017 and further increase it to INR 10 bn by FY 2020
The key players involved in the India Ambulatory Service Market are Dr. Agarwal’s Eye Hospital Ltd., Fortis Healthcare Ltd., Apollo Health and Lifestyle Ltd., CARE Hospitals Pvt. Ltd, Max Healthcare Institute Ltd., Sankara Nethralaya Pvt. Ltd, Vasan Healthcare, Pvt. Ltd. And Columbia Asia Hospital Pvt. Ltd.
