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Ambulatory Surgical Centers Market Size By Ownership (Physician Only, Hospital Only, Corporation Only, Physician & Hospital, Physician & Corporation, Hospital & Corporation), By Surgery (Dental, Otolaryngology, Endoscopy, Obstetrics/Gynecology, Ophthalmology, Orthopedic, Cardiovascular, Neurology, Plastic Surgery, Podiatry), By Specialty (Single specialty, Multi-specialty), By Service (Diagnosis, Treatment), Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2553
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Overview

Ambulatory Surgical Centers Market size was worth more than USD 87.5 billion in 2022 and is projected to expand at over 4.5% CAGR from 2023-2032.
 

Increasing geriatric population suffering from chronic illnesses worldwide is expected to boost patient visits at ambulatory surgical centers. The elderly population is at higher risk of contracting infectious and chronic ailments due to poor immunity and aging. Chronic diseases are a leading cause of disability and mortality in developing as well as developed nations. This indicates a pressing need for technologically equipped ambulatory surgical centers that can provide superior patient care.
 

Ambulatory Surgical Centers Market

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High costs associated with advanced medical devices are a key factor restraining the ambulatory surgical centers market growth. Equipment required for complex surgical procedures is expensive with high procurement, installation, and maintenance costs. Smaller healthcare facilities struggle to keep up with the growing need for sophisticated technologies in neurosurgeries, cardiovascular surgeries, interventional cardiology services, and orthopedic surgeries. On average, a state-of-the-art portable digital X-ray unit costs more than USD 100,000 in the U.S. Even basic equipment such as an operating table costs nearly USD 50,000.
 

Physician & corporation-owned ambulatory surgical centers to offer improved patient-centric care

Ambulatory surgical centers market from the physician & corporation-owned segment is expected to showcase over 4.5% CAGR from 2023-2032. Ambulatory surgical centers (ASCs) owned by physician & corporation allows medical professionals to build a stronger network with other physicians. Large ambulatory establishments exhibit promising revenue performance. With a corporation managing business-related operations, physicians can thoroughly focus on surgical procedures performed, thus delivering improved patient-focused care. This ownership model also provides patients access to multiple physicians that are specializing in different aspects of healthcare to offer a holistic experience.
 

Shifting patient preference for ophthalmic ASCs over hospitals for eye care

Ambulatory Surgical Centers Market, by Surgery Type

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Ambulatory surgical centers market from the ophthalmology surgery segment is anticipated to witness over 5.5% CAGR from 2023 to 2032. Most eye surgeries these days are performed at ASCs instead of hospitals. This shift in preference can be attributed to the convenience, proximity, and affordability offered by these centers to both patients and insurers. Accessibility to specialized eye care will entice patients to receive treatment from such dedicated facilities.
 

Lack of proper nutrition and prolonged exposure to laptops or computer screens have proliferated different eye-related disorders. The rising number of ophthalmologic surgeries and the growing need for eye care due to a high prevalence of disorders such as age-related macular degeneration, glaucoma, cataract, diabetic retinopathy, and amblyopia will fuel industry progress.
 

Single-specialty ASCs gain popularity due to the growing need for focused patient care

Ambulatory Surgical Centers Market, by Specialty Type

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Ambulatory surgical centers market from the single specialty segment is projected to exhibit more than 5% CAGR from 2023-2032. Single-specialty ASCs have seen a significant rise in demand over the last few years due to their improved patient care offering. Given to the availability of highly skilled medical experts with specialized training, these facilities dynamically reduce the risk of inaccurate diagnosis and provide focused care. Single-specialty units also offer cost-effective treatment options with minimum physician attrition.
 

High prevalence of chronic illnesses will accelerate the need for diagnostic services at ASCs

ASCs market from the diagnosis service segment was more than USD 22.5 billion in 2022. Technological advancements and the integration of next-generation systems in ASCs will improve diagnostic capabilities. Diseases such as diabetes, cancer, and heart disorders are on the rise due to high alcohol consumption, tobacco smoking, and unhealthy lifestyle habits. Increasing awareness regarding early diagnosis to counter rising cases of chronic diseases with cost-effective quality healthcare will further boost patient visits at ASCs.
 

Large number of per-day surgeries to drive North America ASC industry development

Ambulatory Surgical Centers Market, by Region

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North America ambulatory surgical centers market was more than 40% in 2022. A robust footprint of freestanding ASCs in the U.S. along with a surging number of per-day surgeries performed will foster industry expansion across the region. Countries such as the U.S. and Canada own well-established regulatory agencies such as the American Association for the Accreditation of Ambulatory Surgery Facilities. These agencies help ensure the safety and efficacy of ASCs. Furthermore, the introduction of favorable reimbursement policies from Medicare should improve patient experience at ASCs.
 

Strategic expansion to augment industry expansion

Some of the leading companies in the ambulatory surgical centers market include Physicians Endoscopy, Ambulatory Surgical Center of America, AMSURG, HCA Healthcare, Pinnacle III, Regent Surgical Health, ASD Management, Surgery Partners, SurgCenter Development, SCA Health, Surgical Management Professionals, Proliance Surgeons, and Tenet Health. These companies are implementing strategic initiatives including product development, expansion, and acquisition.
 

For instance, in August 2022, Regent Surgical Health and Ascension Texas announced the establishment of a joint venture called Orthopedic Surgery Center of Central Texas. The aim of the collaboration is to establish a fully equipped center to provide spine surgery, pain management, joint replacement, orthopedics, fracture care, and sports medicine.
 

Impact of the COVID-19 pandemic on ambulatory surgical centers market trends

The COVID-19 pandemic had a negative impact on the global market. The pandemic significantly hampered day-to-day operations with the deployment of new and more stringent guidelines. In 2020, the Ambulatory Surgery Center Association (ASCA) released COVID-19-related guidelines, which delayed elective surgical procedures until after the pandemic. As a result, the industry witnessed considerable disruption in the first and second quarters of 2020.
 

The ambulatory surgical centers market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:

By Ownership

  • Physician Only
  • Hospital Only
  • Corporation Only
  • Physician & Hospital
  • Physician & Corporation
  • Hospital & Corporation

By Surgery Type

  • Dental
  • Otolaryngology
  • Endoscopy
  • Obstetrics / Gynecology
  • Ophthalmology
  • Orthopedic
  • Cardiovascular
  • Neurology
  • Plastic surgery
  • Podiatry
  • Others

By Specialty Type

  • Multi-specialty
  • Single specialty

By Service

  • Diagnosis
  • Treatment

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Singapore
    • Malaysia
    • Hong Kong
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Israel
       
Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

The global market size for ambulatory surgical centers was worth over USD 87.5 billion in 2022 and is anticipated to expand at over 4.5% CAGR from 2023-2032.

Single-specialty segment is projected to witness over 5% CAGR between 2023-2032 owing to access to skilled medical experts and affordable care.

North America ambulatory surgical centers market share was more than 43% in 2022 and is projected to witness substantial growth driven by favorable reimbursement policies from Medicare.

AMSURG, ASD Management, Physicians Endoscopy, HCA Healthcare, Pinnacle III, Proliance Surgeons, Surgery Partners, SCA Health, and Tenet Health are some of the leading players in the ASCs industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 314
  • Countries covered: 24
  • Pages: 243

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