A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global outpatient clinics market. Presenting exclusive insights into the market from 2017 to 2022, the report projects that the market will witness notable growth during the forecast period. Outpatient clinics provide treatment for common ailments and medical issues that can be treated without requiring admission for long periods. Most of the outpatient clinics are equipped with infrastructure to offer treatments to a wide range of medical issues, diagnostic options, and minor surgical procedures as well. The growth of the outpatient clinics market is primarily attributed to the increasing prevalence of chronic diseases, rising geriatric population, and improving infrastructure in these clinics. Moreover, since these clinics do not require patients to stay overnight to seek treatment, consumers are increasingly preferring outpatient clinics over conventional healthcare institutions, owing to economic feasibility. The aforementioned factors are anticipated to give a boost to market growth through the forecast period.
Improved Infrastructure and Treatment Facilities Transmute into Increased Footfalls
Over the years, the infrastructure and treatment facilities in outpatient clinics among the developed economies have significantly improved, and are equipped with facilities to treat a wide range of common illnesses. Outpatient clinics are generally used as imaging centers, surgery centers, lab centers, physical therapy centers, medical equipment rental facilities, GI diagnostic centers, and radiation therapy centers, to perform immediate diagnosis as well as follow-up treatments. The emergence of advanced medical technology, therapies, and medicines in outpatient clinics is enabling quicker treatments without the need for admission, thereby reducing the expenditure on stay and hospitality. As patients are exhibiting preference towards outpatient clinics over hospitals, the market is expected to gain momentum over the next few years. As the need for faster treatments continues to grow on the back of the rising incidence of chronic diseases coupled with a growing aging population, the patient turns out in outpatient clinics will remain steady on the higher end. Furthermore, patient-friendly facilities, such as comfortable seating arrangements, availability of food and beverages, and quiet rooms, among others are attracting patients. However, the lack of doctors to attend patients and stringent regulatory frameworks pose a challenge to the swift growth of the market.
North America Reigns Supremacy Over Regional Landscape
North America is anticipated to hold the lion's share in the global outpatient clinics market, on the back of rising government initiatives to reduce hospital admissions, coupled with increased investments in improving healthcare architecture. Furthermore, the availability of necessary funds is also complementing the growth of the market in North America. On the other hand, Asia Pacific is forecasted to exhibit tremendous growth potential during the forecast period, backed by gradually increasing investments and the rising popularity of medical tourism.