Here are four quick trends:
1. The ambulatory healthcare IT market accounted for around $2.7 billion in 2016 and the report forecasts it will experience a 5.5 percent compound annual growth rate through 2024.
2. The market is highly fragmented and depends on new product launches and clinical results of products, according to the report. As a result, major players in the industry use new product launches, clinical trials, market initiatives and high expense on research and development.
3. Ambulatory health IT companies employ joint ventures, partnerships and acquisitions to increase their footprint in the market.
4. Major market players in the ambulatory health IT space outlined by the report include: AmSurg, Surgical Care Affiliates, Surgery Partners, HCA, Healthway Medical Group, SurgCenter, Trillium Health Partners, Medical Facilities Corporation, Nueterra, Aspen Healthcare and Integra Med America.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.