Ambulatory Surgery Market in India 2018-2023: CAGR is Expected to Grow at ~15% - Key Growth Driver & Challenge Analysis - ResearchAndMarkets.com

DUBLIN--()--The "Ambulatory Surgery Market in India 2018-2023" report has been added to ResearchAndMarkets.com's offering.

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.

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.

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.

Key Growth Drivers

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.

Key Challenges

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.

Companies Featured

  • 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

For more information about this report visit https://www.researchandmarkets.com/research/5sw44h/ambulatory?w=4

Contacts

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Related Topics: Surgical Procedures

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Surgical Procedures