U.S. Ambulatory Surgical Centers Market Size By Ownership (Physician Only, Hospital Only, Corporation Only, Physician & Hospital, Physician & Corporation, Hospital & Corporation), By Surgery Type (Dental, Otolaryngology, Endoscopy, Obstetrics/Gynecology, Ophthalmology, Orthopedic, Other, Neurology, Plastic Surgery, Podiatry), By Specialty Type (Single Specialty, Multi-specialty), By Service (Diagnosis, Treatment), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Apr 2021  |  Report ID: GMI4520  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 103   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry trends

U.S. Ambulatory Surgical Centers Market size exceeded USD 16 billion in 2020 and is projected to grow at over 10.9% CAGR from 2021 to 2027. Improving reimbursement and regulatory scenario for surgeries performed in ambulatory surgical centers will prove beneficial for the market growth. Reduced risk of healthcare-associated infections (HAIs) in ambulatory surgical centers as compared to hospitals will augment patient visits in these facilities, thereby propelling the market expansion. However, the COVID-19 pandemic had a significant impact on the industry and took a toll on their normal operations. Many parts of the world, including the U.S., imposed lockdown in order to curb the community transmission of the COVID-19 disease. This essential move resulted in a massive decline in the count of ambulatory visits, affecting the market revenue negatively.
 

U.S. Ambulatory Surgical Centers Market Overview

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Ambulatory surgical centers, also known as ASCs, are modern healthcare facilities specifically devoted to providing same-day surgical care where procedures do not require an overnight hospital stay, including diagnostics as well as preventive procedures. These centers provide a suitable alternative to hospital-based outpatient procedures.
 

Increasing geriatric population & chronic diseases will accelerate the U.S. ambulatory surgical centers market progression

Chronic ailments are amongst the most prevalent as well as costly health conditions. It is the most common cause of mortality and disability in the U.S. According to the data published on the CDC, 6 in 10 adults in the U.S. have a chronic disorder. Poor nutrition, tobacco consumption, excessive alcohol use and lack of physical activity among young population base due to sedentary lifestyle surges the rate of chronic diseases in the U.S. This results in increase in need for surgical procedures, thereby driving the industry growth.
 

Rising geriatric population across the U.S. will act as a high impact rendering factor for the market demand. Geriatric people are prone to several diseases owing to anatomic and functional changes in the body. According to the Population Reference Bureau, the number of older population aged 65 years and above in the U.S. is estimated to reach approximately 98 million by 2060 from 46 million in 2016. In addition, increasing longevity, international migration and declining fertility are major drivers for varying age structures. Weakened immunity coupled with presence of other chronic conditions raise the risk of other complications in elderly. Elderly individuals require effective care management as they are highly susceptible to chronic diseases.
 

Hospital owned ambulatory surgical centers offering high-quality services will spur the market value

The hospital owned ambulatory surgical centers accounted for 10.5% of the market share in 2020. These kind of ambulatory surgical centers are owned solely by hospitals without any true involvement of physicians in ownership. Hospital owned ambulatory surgical centers usually give contracts to physicians and pay a percentage of revenue for their service. This model is a bigger part of the growing hospital involvement in ambulatory surgical centers, thus proving beneficial for the overall market growth.
 

Growing eye-related disorders and diseases requiring ophthalmic surgeries will accelerate the industry expansion

U.S. Ambulatory Surgical Centers Market Size

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The ophthalmology segment in the U.S. ambulatory surgical centers market valued at USD 3 billion in 2020. Increasing use of mobile phones, prolong exposure to laptops and computers are few of the factors that evolve eyesight problems in adult population. Moreover, rising elderly population along with age-related vision disorders propel the demand for eye surgeries. Number of diabetic patients in the U.S. are also increasing and that brings surge in incidences of diabetic retinopathy requiring surgical procedures, thereby fostering the industry revenue.
 

Increasing number of single-specialty ambulatory surgical centers will augment the segment growth 

The single-specialty ambulatory surgical centers segment crossed USD 9 billion in 2020. The majority of the ambulatory surgical centers in the U.S. focus primarily on a single specialty. Single specialty settings have a safer environment and lower rate of infection as opposed to one accommodating multiple specialty. Also, higher affordability and lower rate of physician attrition in single-specialty ambulatory surgical centers will drive the segment progression during the forecast timeline.
 

Favorable reimbursement scenario and affordable treatment options provided by the U.S. ambulatory surgical centers will impel the market expansion

U.S. Ambulatory Surgical Centers Market Share  

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The treatment segment dominated more than 74% of the U.S. ambulatory surgical centers market share in 2020 on account of reduced costs as compared to the hospital settings and comparatively better attention toward patients. Similarly, technological advancements and affordability will fuel the industry value during the forecast period.
 

Strategic initiatives undertaken by key market players have helped them to maintain their financial stability

Some of the prominent companies operating in the market include Ambulatory Surgical Centres of America, AMSURG (Kohlberg Kravis Roberts & Co. L.P.), ASD Management, Constitution Surgery Alliance, Elite surgical affiliates (Nobilis Health Corp.), HCA Healthcare, Medical Facilities Corporation, NueHealth Enterprises, Physicians Endoscopy, Pinnacle III, Surgery Partners, Surgical Care Affiliates, and Tenet Healthcare Corporation among others.
 

Some of the recent industry developments:

  • In January 2020, HCA Healthcare acquired Valify, a technology company offering cost-effective solutions to healthcare providers. This has strengthened operational capabilities of the company leading to its higher industry position.
  • In January 2020, NueHealth, a ValueHealth subsidiary, acquired minority ownership of the Paoli Surgery Center. The center delivers high quality of care in the area of ophthalmology, general surgery, and orthopedic surgery among others. This strategy enhanced its service portfolio as well as strengthened its industry presence.

The U.S. ambulatory surgical centers market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

Market, By Ownership, 2016-2027 (USD Million)

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

Market, By Surgery Type, 2016-2027 (USD Million)

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

Market, By Speciality Type, 2016-2027 (USD Million)

  • Multi-specialty
  • Single specialty

Market, By Service, 2016-2027 (USD Million)

  • Diagnosis
  • Treatment
     

Frequently Asked Questions (FAQ) :

The market for ambulatory surgical centers in the U.S. was more than USD 16 billion in 2020 and will expand at 10.9% CAGR over 2021-2027.
It was estimated that hospital run ambulatory surgical centers held 10.5% of the regional industry share during 2020 and will grow due to mutually beneficial revenue structure for hospitals and physicians.
The regional market share form ophthalmology application segment had reached USD 3 billion in 2020 and will grow owing to expanding geriatric population and high number of diabetic patients.
It is projected that the treatment segment held over 74% of U.S. ambulatory surgical centers market share in 2020 and will expand with advantages like lower costs and better attention as compared to hospitals.

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Premium Report Details

  • Published Date: Apr 2021
  • Pages: 103
  • Tables: 77
  • Charts / Figures: 17
  • Companies covered: 18
  • Countries covered: 1

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