Ambulatory Surgical Centers Market Analysis

Ambulatory Surgical Centers Market Analysis

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.

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.
 

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.
 

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.
 

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. U.S. ambulatory surgical centers industry is expected to depict over 3.5% CAGR from 2023 to 2032.