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U.S. Orthopedic Ambulatory Surgical Centers Market – By Ownership (Physician, Physician & Hospital, Corporation, Hospital), Procedure (Knee, Hip, Spine, Shoulder, Foot & Ankle), Service (Single Speciality, Multi-speciality), Service & Forecast, 2024 – 2032
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U.S. Orthopedic Ambulatory Surgical Centers Market
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Base Year: 2023
Companies covered: 15
Tables & Figures: 65
Countries covered: 1
Pages: 75
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U.S. Orthopedic Ambulatory Surgical Centers Market Size
U.S. Orthopedic Ambulatory Surgical Centers Market size was valued at USD 3.2 billion in 2023 and is expected to exhibit growth at a CAGR of 3.8% from 2024 to 2032. High market growth can be attributed to the increasing incidence of orthopedic conditions, ongoing advancements in surgical techniques, growing demand for specialized care and expertise, and rising geriatric population, among other contributing factors.
Moreover, the rising incidence of orthopedic conditions such as osteoarthritis, rheumatoid arthritis, fractures, and sports injuries is a significant driver. An aging population, which is more prone to musculoskeletal disorders, further contributes to the increased demand for orthopedic procedures. For instance, according to the Centers for Disease Control and Prevention (CDC), around 53.2 million individual in the U.S. have some form of arthritis, among which osteoarthritis (OA) is the most common affecting approximately 32.5 million adults, hence leading to more surgeries being performed in ambulatory surgical centers.
Orthopedic ambulatory surgical centers are specialized outpatient facilities that provide surgical procedures for orthopedic conditions, such as joint replacements, arthroscopies, and fracture repairs. These centers offer a cost-effective and efficient alternative to hospital-based surgeries, focusing on minimally invasive techniques and same-day discharge.
U.S. Orthopedic Ambulatory Surgical Centers Market Trends
The market is experiencing several notable trends that are shaping its growth and development. Factors such as increased demand for integrated patient-centric care models, expansion of reimbursement policies, and rise in outpatient spine surgery, among other factors are propelling the industry growth.
U.S. Orthopedic Ambulatory Surgical Centers Market Analysis
Based on ownership, the market is classified into physician only, physician & hospital, corporation only, hospital only, physician & corporation, and hospital & corporation. The physician only segment generated the highest revenue of around USD 1.9 billion in 2023.
Based on procedure, the U.S. orthopedic ambulatory surgical centers market is classified into knee replacement, hip replacement, spine arthroplasty, shoulder replacement, foot and ankle, and other procedures. The knee replacement segment dominated the market in 2023 with a market share of 44%.
Based on speciality type, the U.S. orthopedic ambulatory surgical centers market is classified into single speciality, and multi-speciality. The single speciality segment dominated the market and is expected to grow at a pace of 4.1% CAGR between 2024 – 2032.
Based on service, the U.S. orthopedic ambulatory surgical centers market is segmented into treatment, and diagnosis. The treatment segment dominated the market in 2023 and is anticipated to reach USD 3.4 billion by 2032.
The South Atlantic orthopedic ambulatory surgical centers market accounted for USD 691.5 million market revenue in 2023 and is anticipated to grow at CAGR of 3.6% between 2024 – 2032 period.
Pacific Central orthopedic ambulatory surgical centers market is projected to grow remarkably in the coming years.
North East holds a dominant position in the U.S. orthopedic ambulatory surgical centers market.
U.S. Orthopedic Ambulatory Surgical Centers Market Share
The U market is highly competitive, characterized by a diverse range of players including both large, established healthcare organizations and specialized, independent ASCs. These entities often offer a broad spectrum of orthopedic services and leverage advanced technologies to enhance patient care. Additionally, regional and independent ASCs compete by focusing on specialized orthopedic procedures, personalized care, and cost-effectiveness. The market is further influenced by the growing need for outpatient care, advancements in orthopedic technologies, and shifts in healthcare policies favouring outpatient settings. As a result, competition is intense, with entities striving to differentiate themselves through quality of care, technological innovation, and operational efficiency.
U.S. Orthopedic Ambulatory Surgical Centers Market Companies
Prominent players operating in the orthopedic ambulatory surgical centers industry include:
Orthopedic Ambulatory Surgical Centers Industry News:
The U.S. orthopedic ambulatory surgical centers market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Ownership
Market, By Procedure
Market, By Speciality Type
Market, By Service
The above information is provided for the following zones: