OUTPATIENT CLINICS MARKET ANALYSIS

Market News

Recent Developments

New product launches

• Virtual Care Platforms: With the increased adoption of telehealth and virtual care, many outpatient clinics have launched or expanded their virtual care platforms. These platforms enable patients to schedule virtual appointments, receive remote consultations, and access healthcare services from the comfort of their homes. They often incorporate features like video conferencing, secure messaging, and digital health monitoring to enhance the virtual care experience.
• Moreover, the launch of new services at ambulatory surgical centers is expected to drive market growth over the forecast period. For instance, in August 2022, North American Partners in Anesthesia (NAPA), an anesthesia staffing company, announced the launch of anesthesia care at NYU Langone Ambulatory Surgery Center, with more than 10 NAPA clinicians serving six operating rooms within this large outpatient facility.
• Remote Patient Monitoring Solutions: Outpatient clinics are embracing remote patient monitoring (RPM) solutions to monitor patients' health remotely and collect real-time data. RPM devices, such as wearable sensors and home monitoring kits, enable healthcare providers to remotely track patients' vital signs, symptoms, and medication adherence. These solutions support proactive care management, early detection of health issues, and personalized treatment plans.
• Additionally, increasing organic strategies such as facility expansion are expected to augment market growth over the forecast period. For instance, on February 20, 2023, the University of Rochester Medical Center announced the opening of an ambulatory orthopaedic surgery center in Western New York, U.S. The UR Medicine Orthopaedic Surgery Center is part of a multi-phase, US$227 million construction project to build a comprehensive orthopaedics campus.
• Digital Health Applications: Outpatient clinics are launching or partnering with digital health application developers to offer patient-centric tools for self-management, health monitoring, and access to healthcare resources. These applications can include features like appointment scheduling, medication reminders, health tracking, personalized health education, and secure communication with healthcare providers. They empower patients to take an active role in their healthcare journey.
• Moreover, in March 2021, Cleveland Clinic, a nonprofit medical center with multiple facilities in various locations, joined forces with IBM to create the Discovery Accelerator. This ten-year partnership aims to significantly speed up healthcare and life sciences research by leveraging high-performance computing, AI, and quantum computing on the hybrid cloud.

Acquisition and partnerships

• CommonSpirit Health's Acquisition of 5 Utah Hospitals: On May 1, 2023, CommonSpirit Health, a Catholic health system based in the U.S., announced the acquisition of 5 Utah hospitals, and 35 medical clinics, which include Davis Hospital and Medical Center, Salt Lake Regional Medical Center, Jordan Valley Medical Center, Jordan Valley Medical Center-West Valley Campus and Mountain Point Medical Center, associated clinics and outpatient centers.
• Ashley Clinic Partnership with Southeast Kansas Mental Health Center: On August 4, 2023, Iola, Kansas-based Southeast Kansas Mental Health Center (SEKMHC), announced that it had partnered with Ashley Clinic, to integrate physical and behavioral health.
• Pear Therapeutics expands partnership with outpatient addiction treatment clinics: On January 4, 2023, Pear Therapeutics, a software-based digital therapeutics platform that develops apps to treat diseases expanded its partnership with Spero Health, an outpatient addiction treatment clinics to widen its use of Pear's reSET and reSET-O, a mobile application used to help treat substance use disorder prescription digital therapeutics, from 14 clinics in Kentucky to 99 locations in five other states.