Outpatient Clinics have continued to play an important role in the treatment of cognitive behavioural disorders. Substance misuse, sexual offence, depression, obesity, and obsessive-compulsive behaviour are all becoming big concerns in many countries. The management of high-risk circumstances has resulted in an increase in the number of Outpatient Clinics worldwide. Outpatient clinic therapists are taking steps to prevent and identify cognitive behavioural disorders. During the projected period, the growing need for relapse prevention and management is expected to contribute to the growth of the global Outpatient Clinics market.
The global Outpatient Clinics Market Sales is expected to be valued US$ 39.0 billion by the end of 2022, with a 4.2% CAGR from 2022 to 2032. The market is estimated to be valued US$ 58.9 billion by the end of 2032. Primary care clinics are the market leaders, accounting for approximately 32.6% of the market in 2021.
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Alcohol and Drug Addiction to Fuel Demand
As the number of people suffering from alcohol and drug addiction grows, so does the demand for recovery facilities. Outpatient rehabs allow the patient to live at home while undergoing alcohol or drug therapy. Furthermore, treatment at outpatient rehabs is less expensive than treatment at inpatient and residential facilities. The global market for Outpatient Clinics is predicted to develop in response to the increased need for treatment of alcohol addiction.
Healthcare Insurance to Impact Market Growth
Employee health is becoming increasingly crucial in order to keep them functioning. Organisations are increasingly providing health insurance benefits to their employees in order to safeguard the employees’ health while at work. Employee health insurance is also projected to have an impact on worldwide market growth throughout the forecast period. Furthermore, rules such as the Patient Care Affordable Act and the Health Care and Educational Reconciliation Act have further built exchanges that enable access to private health insurance as well as public health coverage to Americans. A new trend among private insurance companies is that they are focusing on negotiating better payment and services with Outpatient Clinics.
Technological Advancements to Underscore Significant Opportunities
Advanced medical technology has also resulted in medicines and pharmaceuticals that have allowed procedures, medical tests, and therapies to be performed without the need for overnight stays. Chronic disease prevalence will continue to drive rising demand for immediate treatment and services. The increased need for fast treatment and convenience for healthcare providers and patients will drive demand for outpatient clinic services. Benefits such as lower startup and operational expenses of Outpatient Clinics are also projected to drive growth in the global outpatient clinic market.
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On the other hand, stringent regulatory framework and lack of doctors to treat the patients continues to remain a major factor inhibiting growth of the global market. In addition, development of the healthcare sector in various developing countries is further likely to impact demand for the Outpatient Clinics negatively. As the Outpatient Clinics do not admit the patients, the risks of getting addicted again and being exposed to drugs or alcohol continues to remain high. Access to the counselor is expected to remain limited as compared to the inpatient and residential facility.
Multi-Specialty Centers to Represent a Leading Segment
With the growing need for various treatments, demand for multi-specialty center will continue to increase. On the basis of center type, the multi-specialty center segment is expected to generate significant revenues, accounting for a value of over US$ 8,400 Million by the end of 2022. The multi-specialty center segment is expected to register the highest CAGR throughout the forecast period.
Based on specialty type, the cardiology segment is expected to witness significant revenue growth, recording a value of over US$ 3,000 Million by the end of 2022. The dermatology specialty areas segment is expected to register a robust CAGR during the forecast period.
Competition Tracking
Leading market players operating in the global Outpatient Clinics market include M D Anderson Cancer Center, Kaiser Permanente Inc., Memorial Sloan Kettering, Mayo Clinic, DaVita Inc., University of Maryland Medical Center, Johns Hopkins Medicine, Cleveland Clinic and Fresenius Medical Care
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Key Segments Covered in Outpatient Clinics Market Report
By Clinic:
- Primary Care Clinics
- Community Health Clinics
- Specialized Outpatient Centers
- Emergency Departments
- Outpatient Pharmacies
By Specialty Area:
- Cardiology
- Orthopedics
- Gastroenterology
- Dental
- Ophthalmology
- Urology
- Neurology
- Dermatology
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