Ambulatory Surgical Centers Market
Number of pages: 100 | Report Format: PDF | Published date: October 03, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 89.5 billion |
|
Revenue forecast in 2030 |
US$ 152.49 billion |
|
CAGR |
6.5% |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Segments covered |
Specialty Type, Application, Ownership, Surgery Type, and Region |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
The global ambulatory surgical centers market was pegged at US$ 89.5 billion in 2021 and is expected to witness a CAGR of 6.5% during the forecast period.
Market Fundamentals
Ambulatory surgical centers (ASCs) are modern facilities with the most advanced surgical instruments and equipment. The most common surgeries in ambulatory surgical centers are dental, otolaryngology, endoscopy, obstetrics, gynecology, ophthalmology, orthopedic, and cardiovascular. Although ambulatory surgical centers perform interventional and necessary procedures, they do not accept urgent care, walk-in, or emergency room, patients. Outpatient surgery is typically completed in a single day, allowing the patient to return home immediately, and the complication rates of procedures performed in ASCs are lower.
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Market Dynamics
The global ambulatory surgical centers market is mainly driven by increasing demand for minimally invasive surgery and growing investments. Additionally increasing prevalence of chronic diseases and the growing burden of cancer contribute to the growth of the global ambulatory surgical centers. Moreover, less cost for surgical procedures, less time required, and reasonable procedure cost fuel the demand for ambulatory surgical centers globally. However, high deployment costs make ASCs unaffordable in low-income and middle-income countries. The lack of skilled professionals in these regions and the growing presence of multi-specialty hospitals are some other challenges
Market Ecosystem
The global ambulatory surgical centers market has been analyzed from five perspectives: specialty type, application, ownership, surgery type, and region.
Medical Ambulatory Surgical Centers by Specialty Type
Based on specialty type, the global ambulatory surgical centers market has been segmented into single specialty and multi-specialty. Single specialty ambulatory centers are leading the global market owing to the increasing demand for specialized surgery such as LASIK, lithotripsy, and orthopedic surgery. These contribute to the growth of the single specialty ambulatory surgical centers market. Additionally, technological advancements in surgical instruments and a high adoption rate of novel devices by ambulatory surgical centers fuel the global single specialty ambulatory surgical centers market.
Medical Ambulatory Surgical Centers by Application
The global ambulatory surgical centers market is segmented based on application into diagnosis and surgical services. Surgical services are leading the global ambulatory surgical centers market owing to increasing demand for ophthalmic, urological, orthopedic, and dental surgery. Additionally, surgical services are equipped with top technology devices, the cost of surgery is less compared to a hospital, and same-day hospital leave saves both time and money for the patient. This factor is fueling the global surgical services market. Diagnosis services are also expected to show high growth in upcoming years owing to increasing demand for diagnostic procedures such as endoscopy and biopsy.
Medical Ambulatory Surgical Centers by Ownership
Based on ownership, the global ambulatory surgical centers market is segmented into physician-owned, hospital-owned, and corporate-owned. Physician-owned ambulatory surgical centers are leading the global ambulatory surgical centers market since physicians and surgeons can arrange procedures more selectively for patients and assemble teams of specially trained and experienced staff. Additionally, these settings also allow the physician to maintain the standard and better care for the patient and focus exclusively on single-setting procedures, which provide better accountability contribute to the growth of the physician-owned ambulatory surgical centers.
Medical Ambulatory Surgical Centers by Surgery Type
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Based on surgery type, the global ambulatory surgical centers market has been segmented into dental, otolaryngology, endoscopy, obstetrics, gynecology, ophthalmology, orthopedic, cardiovascular, neurology, and others. Ophthalmology surgeries are leading the global ambulatory surgical centers market owing to increasing ophthalmology diseases such as refractive errors, glaucoma, cataract, etc. and technological advancement such as LASIK, and artificial intelligence in ophthalmology surgeries are contributing to the growth of ophthalmology surgeries segment.
Medical Ambulatory Surgical Centers by Region
Based on region, the global ambulatory surgical centers market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global ambulatory surgical centers market, followed by the Asia Pacific. The large share of North America in the global market can be attributed to the increasing number of ambulatory surgical centers, suitable healthcare infrastructure, and higher awareness. Additionally, favorable reimbursement policies, the presence of top key players, and the increasing burden of chronic diseases in the region contribute to the North American ambulatory surgical centers market.
Competitive Landscape
Some of the prominent players operating in the global ambulatory surgical centers market are
Strategic Developments
Single specialty and physician-owned ambulatory surgical centers are dominating the global ambulatory surgical centers market
Health Systems, Inc., Envision Healthcare Corporation, Terveystalo, Tenet Healthcare Corporation, MEDNAX Services, Inc., TeamHealth, Quorum Health Corporation, UnitedHealth Group, Surgery Partners, and Healthway Medical Group are the major players in the global ambulatory surgical centers market
Acquisitions and mergers are major strategies adopted by key market players.
The global ambulatory surgical centers market is anticipated to grow at a CAGR of 6.1 % from 2022 to 2030.
The estimated market size of the global ambulatory surgical center is US$ 152.49 billion by 2030.
*Insights on financial performance is subject to availability of information in public domain
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