Office Based Labs (OBL) Market Report

Office Based Labs (OBL) Market Analysis And Segment Forecasts, 2019 To 2026

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  • Report ID: GVR5698
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Ambulatory surgical centers (ASC) are gaining impetus worldwide due to improved patient outcomes and cost-containment benefits. There are three possible models for ASC which are hospital-associated, freestanding, and office-based labs (OBL). Office based labs also are known as office based interventional suit (OIS) wherein the facility is set up by the physicians at the office premise, offering same-day intervention services. The surgery is performed at OBL are office-based surgery (OBS), by a licensed physician in the office setting, requiring some level of anesthesia and performed in an appropriately designed, equipped and serviced room for its safety performance.

Cost-effectiveness, patient convenience, and higher reimbursement are the major factor driving the growth of this market. A surgical procedure at OBL may cost 30%-40% lower than the hospital costs mainly due to no extra cost for the hospital stay. OBLs are more convenient with quicker check-ins, fast turnaround times, and less chance of infection, all equating to higher customer satisfaction.

The OBL market has been segmented based on modality and services. Based on the modality the office-based labs can be a single specialty, multispecialty, and hybrid lab which is a combination of OBL and ASC performing more complex procedures. Based on services, the OBL can be cardiovascular, endovascular, interventional radiology, venous, and non-vascular. A multispecialty OBL lab offers a range of services which include diagnostic imaging, angioplasty and stenting, atherectomy, thrombectomy, embolization, IVUS, dialysis fistula/graft declotting, IVC filter placement and removal, venous ablation, central venous interventions, and DVT interventions.

Geographically, North America is the largest market with around 600 OBL which is increasing each year. In 2016, around 80 million outpatient surgery was performed in the US, which includes both performed in the hospitals and free-standing surgical centers. Out of this, around 12 million surgeries were performed at the physician’s office. With this rate, the OBL market is anticipated to witness significant growth in the next decade.

The major players in the market, offering surgical and emergency care services are Envision Healthcare, SCA, Surgery Partners, Tenet Healthcare, HCA, National Cardiovascular Partners, Texas regional medical centers, Riceland medical center, and others. The medical devices company such as Siemens Healthineers and Philips offers partnerships to the physicians setting up an office-based lab, by equipping the lab with the devices like fixed angiography system, mobile C-Arm, ultrasound, and point of care solutions, and providing solutions to support the outpatient procedures.

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