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/Gynaecology, Ophthalmology, Orthopaedic, Cardiovascular, Neurology, Plastic, Podiatry), By Specialty Type (Single specialty, Multi-specialty), By Service (Diagnosis, Treatment), Industry Analysis Report, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Feb 2020  |  Report ID: GMI4520  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 132   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry trends

U.S. Ambulatory Surgical Centers Market size was valued at over USD 27 Bn in 2019 and is estimated to grow at 5% CAGR from 2020 to 2026. Several benefits of treatment and diagnosis at ambulatory surgical centers including low cost, specialized care and favourable reimbursements will drive the industry growth over forecast period.
 

U.S. Ambulatory Surgical Centers Market

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Ambulatory surgical centers are modern healthcare facilities that specialize in outpatient or elective same-day surgical care, including diagnostic and treatment procedures. Patients admitted in such facilities does not require an overnight hospital stay and are well enough to go home after the procedure.
 

The ambulatory surgical centers have expertise in the procedures they perform and are able to focus on patient experience and have a brilliant record of safety and quality patient outcomes. Additionally, they provide cost-effective treatment, and a stress-free environment compared to hospital and clinics. Such positive scenario is expected to drive the patient inflow in ambulatory surgical centers rendering a significant positive impact on the market growth.  
 

U.S. Ambulatory Surgical Centers Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 28 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 4.3% 2026 Value Projection: USD 37.8 Billion
Pages: 132 Tables, Charts & Figures: 93
Geographies covered (1): U.S.
Segments covered: Ownership, Surgery Type, Specialty Type, and Service
Companies covered (18): Ambulatory Surgical Centres of America, AMSURG (Envision Healthcare Solution), ASD Management, Constitution Surgery Alliance, Covenant Surgical Partners (KKR), Foundation Healthcare, HCA Healthcare, Medical Facilities Corporation, Nobolis (Elite surgical affiliates), Nuehealth Enterprises, Physicians Endoscopy, Proliance Surgeons, Regent Surgical Health, Surgery Partners, SurgCenter Development, Surgical Care Affiliates, Surgical Management Professionals, and Tenet Healthcare
Growth Drivers:
  • Increasing geriatric population & chronic diseases
  • Availability of minimally invasive treatments
  • Favorable reimbursements and government policies
  • Lower risk of infections in ASCs than hospitals
Pitfalls & Challenges:
  • Low physician-to-patient ratio
  • High costs of medical devices

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Increasing geriatric population and chronic diseases in the U.S. will upsurge the market progress

Elderly individuals require effective medical care and are highly susceptible to chronic diseases, due to anatomic and functional changes in the body. According to the Population Reference Bureau, the older populations aged 65 years and older in the U.S. is estimated to reach approximately 98 million by 2060 from 46 million in 2016.
 

Increasing longevity, international migration, and declining fertility are major drivers for the demographic shift in the U.S. market. Weakened immunity in the elderly people along with presence of other chronic conditions raise the risk of complications in the elderly. Thus, increasing geriatric population coupled with rising prevalence of chronic diseases will increase the number of patients in ambulatory surgical centers, driving the industry growth.
 

Physician owned ambulatory surgical centers offering high-quality services will spur the market growth

U.S. Ambulatory Surgical Centers Market

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Physicians only segment of the U.S. ambulatory surgical centers market held the largest revenue share in 2019 and is estimated to grow at around 5% CAGR over the forecast period. This robust growth is attributable to the high-quality service and professional control exerted over the clinical environment in physician-owned ambulatory surgical centers.
 

The other segments in the ambulatory surgical centers market, based on ownership includes hospital only, corporation only, physician & corporation, physician & hospital, and hospital & corporation.
 

Benefits such as scheduling procedures as per the convenience of patients coupled with reimbursement facilities will drive the market demand over forecast timeframe. Also, physician ownership allows for maximum professional control over the clinical environment, thereby propelling the industry growth.
 

Rising eye related disease incidences will boost the ophthalmology segment growth over the forecast timeline

U.S. Ambulatory Surgical Centers Market by Surgery Type

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Ophthalmology segment in U.S. accounted for around USD 5 billion in 2019, owing to the growing incidences of eye disorders along with an increasing number of ophthalmic surgeries. Increasing use of mobile phones and prolonged exposure to laptops and television sets will fuel the market growth.
 

Based on surgery type, the market is further classified into dental, otolaryngology, endoscopy, obstetrics/gynaecology, ophthalmology, orthopaedic, cardiovascular, neurology, plastic surgery, and podiatry.
 

Number of diabetic people in the U.S. is increasing and this will bring about a surge in incidences of diabetic retinopathy. According to American Academy of Ophthalmology, diabetic retinopathy affects nearly 7.7 million Americans aged 40 and above. These patients require proper medical attention and treatment. Thus, increasing demand for ophthalmic surgeries will drive the ophthalmology segment growth.
 

Growing number of single specialty ambulatory surgical centers will favor the market demand

Based on specialty type, the U.S. ambulatory surgical centers market share is bifurcated into multi-specialty, and single specialty. Single specialty centers dominated the ambulatory surgical centers market with USD 12 billion in 2019 and the trend is likely to remain so over the projected timeline. Rapid market growth is attributable to the presence of highly skilled staff with years of experience in single-specialty centers, providing disease-focused treatment and care.
 

Single specialty ambulatory surgical centers are less resource-dependent, thereby making them cost-efficient. Physicians may perform more surgeries in ambulatory surgical centers and secure hefty ownership shares in single specialty centers. Also, the physician attrition rate is low at a single specialty as compared to multispecialty. Favourable scenarios such as the aforementioned are likely to increase the market value over the forecast period.
 

Affordable treatment options provided by ambulatory surgical centers will bolster the segment growth

Based on service, the U.S. ambulatory surgical centers market is bifurcated into diagnosis and treatment. The treatment segment accounted for around 75% market share, in 2019, owing to the rising demand for minimally invasive surgeries. Also, the treatment is provided at an affordable cost as compared to the hospitals and clinics that will drive the market revenue.
 

The increasing healthcare awareness coupled with the rising prevalence of cardiovascular and orthopedic diseases are driving the market demand for effective medical care and treatment. Patient-focused physician attention and cost-effectiveness associated with treatment at ambulatory surgical centers will act as a high impact rendering factor for the market growth.
 

Prominent market players operating in the U.S. ambulatory surgical centers industry delivering multiple services to sustain market competition

Some of the eminent market players operating in the U.S. ambulatory surgical centers industry are Ambulatory Surgical Centres of America, AMSURG (Envision Healthcare Solution), ASD Management, Constitution Surgery Alliance, Covenant Surgical Partners (KKR), Foundation Healthcare, HCA Healthcare, Medical Facilities Corporation, Nobolis (Elite surgical affiliates), Nuehealth Enterprises, Physicians Endoscopy, Proliance Surgeons, Regent Surgical Health, Surgery Partners, SurgCenter Development, Surgical Care Affiliates, Surgical Management Professionals, and Tenet Healthcare.
 

Leading market players have implemented strategic initiatives such as partnerships with physicians and hospitals that have enhanced their financial stability and helped them evolve as major industry players.
 

Some of the recent industry developments:

  • In May 2018, Surgical Care Affiliates, LLC announced a partnership with Massachusetts Avenue Surgery Center. This partnership helped the company to deliver high-quality outpatient surgical options to patients.
     
  • In December 2016, Amsurg merged with Envision Healthcare Solution, a provider of ambulatory surgery center management, post-acute care, physician-led services, and medical transportation to get operational support for providing better outpatient care. This development benefited the company to increase its patient base.
     

The U.S. ambulatory surgical centers market growth research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, 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 Speciality Type

  • Multi-specialty
  • Single specialty

By Service

  • Diagnosis
  • Treatment
     

Frequently Asked Questions (FAQ) :

According to GMI, the physicians only segment will be the leading segment, having accounted for the largest revenue share in 2019, with an expected CAGR of 5% through 2026.
Ophthalmology segment of the U.S. ambulatory surgical centers industry accounted for around USD 5 billion in 2019, owing to the growing incidences of eye disorders along with an increasing number of ophthalmic surgeries.
Single specialty centers dominated the U.S. ambulatory surgical centers market with USD 12 billion in 2019 and the trend is likely to remain so over the projected timeline.

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 132
  • Tables: 84
  • Charts / Figures: 9
  • Companies covered: 18
  • Countries covered: 1

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