Global Office-based Labs Market is valued at approximately USD $ million in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. Office-based labs (OBLs) are also known as office interventional suites. These labs are opened by interventional radiologists, vascular surgeons, and other physicians with the objective of offering a delivery-care model, which is patient-centered in an office-based setting.
The increasing incidences of target diseases, growing preference for minimally invasive procedures, and rising expenditure on healthcare activities are several factors fostering market growth across the globe. For instance, according to Statista, the minimally invasive surgery market worldwide accounted for nearly USD 20.5 billion in 2019.
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Also, the amount is projected to grow and is likely to reach around USD 44.04 billion by 2030. Consequentially, the development of the minimally invasive surgery sector is positively influencing the growth of the global Office-based Labs Market in the impending years.
However, high-risk options for severe cases and a lack of technical training for the MIS procedure impede the growth of the market over the forecast period of 2022-2028. Also, rising approval of endovascular procedures in office-based labs and flexibility for physicians to convert to OBLs are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global Office-based Labs Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the presence of huge patient pool and rising inclination toward various treatment options in outpatient settings. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the high prevalence of various vascular diseases, as well as growing awareness about the different benefits of office-based labs, would create lucrative growth prospects for the Office-based Labs Market across the Asia-Pacific region.
Major market players included in this report are:
Envision Healthcare
TH Medical
MEDNAX Services, Inc.
Medical Facilities Corporation
Suomen Terveystalo Oy
SurgCenter
Healthway Medical Group
Schon Klinik
Eifelhohen Klinik AG
Asklepios Kliniken GmbH & Co. KGaA
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Modality:
Single-specialty Labs
Multi-Specialty Labs
Hybrid labs
By Service:
Peripheral Vascular Intervention
Endovascular Interventions
Cardiac
Interventional Radiology
Others
By Specialist:
Vascular Surgeons
Interventional Cardiologist
Interventional Radiologists
Others
By Region:
North America
U.S.
Canada
Europe
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UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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