Ambulatory Surgical Centers Market worth over $117 Bn by 2027
Published Date: October 4, 2021 Authors: Sumant Ugalmugle, Rupali Swain
Ambulatory Surgical Centers Market size is set to surpass USD 117 billion by 2027, according to a new research report by Global Market Insights Inc.
Ambulatory surgical centers (ASCs) perform numerous surgeries including cosmetic surgeries, laser eye, endoscopic, joint, spine and others. According to the Definitive Healthcare, LLC, there were more than 9,280 active ambulatory surgery centers in the U.S. in 2019. Ambulatory surgical centers are also gaining popularity in rural areas, where patients can get access to better treatment that further facilities the demand for ASCs.
Lower risk of infection in ASCs will favor the market progression
Reduced risk of healthcare-associated infections in ASCs as compared to hospitals will favor more patient visits in these centers. Ambulatory surgical centers have specialized facilities for surgical procedures and require compliance with high safety standards. The Centers for Disease Control and Prevention mandates ambulatory surgical centers to establish early detection, control, and investigation for communicable and infectious diseases, that significantly reduces risk of surgical site infections (SSI). Additionally, ambulatory surgical centers have visibly shown lower risk of HAIs that significantly proves beneficial for the market growth.
Involvement of physicians in ASCs will create significant growth opportunities
The physician & hospital segment held 19% of the ambulatory surgical centers market share in 2020. Physician & hospital ownership model is a joint venture between physicians and hospital. Physicians are extensively benefited from these ventures primarily from the increased financial stability and better insurance contracts for reimbursement that secures the overall industry expansion. In addition, most of the ambulatory surgical centers ownership have some involvement of physicians for improved patient care that enhances the industry progression.
Growing demand for endoscopic procedures in the ASCs will favor the market expansion
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Endoscopy segment in the ambulatory surgical centers market crossed USD 11.5 billion in 2020. The ambulatory surgical center plays a vital role for the practice of endoscopic procedures, as these centers provide patient friendly, safe and cost effective environment for patients of all ages. Large population base suffer from ulcers, precancerous abnormalities, blockages and celiac disease among others and generally face affordability issue, hence ASCs are largely preferred for endoscopic procedures by the patient group that secures the industry size.
Multi-specialty segment is projected to showcase a vigorous ambulatory surgical centers market demand
The multi-specialty segment will witness 5.5% growth rate 2027, as multi-specialty ambulatory surgical centers offer a diversified range of surgical procedures. Numerous ASC models are getting converted into multispecialty surgery centers in order to achieve profitability and to further provide enhanced and better patient care that secures the industry share. Similarly, favorable reimbursement scenario pertaining to multi-specialty ASCs secures the industry growth.
Browse key industry insights spread across 200 pages with 297 market data tables & 17 figures & charts from the report, “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, Cardiovascular, Neurology, Plastic, Podiatry), By Specialty Type (Single specialty, Multi-specialty), By Service (Diagnosis, Treatment), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Rising demand for better treatment at ASCs will propel the market value
The ambulatory surgical centers market for treatment segment is expected to expand at a CAGR of 6% CAGR till 2027. ASCs are primarily focused on providing same-day surgical care and surgical procedures. These procedures are performed on patients by highly skilled and trained professionals or specialists with specific medical educational background that surges the segment growth. Moreover, rising prevalence of different chronic conditions due to unhealthy diet and sedentary lifestyle will prove beneficial for the segment expansion. Also, availability of latest technology used for the treatment of chronic conditions and higher demand for quality healthcare at reduced cost will stimulate the industry demand.
Better healthcare facilities in the European region will augment the market growth
Europe ambulatory surgical centers market is estimated to attain a CAGR of 5.8% by 2027. Presence of sophisticated healthcare facilities in ASCs for delivering exceptional healthcare services along with favorable reimbursement scenario will help the market gain significant momentum. Furthermore, high disposable income, growing number of ASCs in Europe and increasing number of surgical procedures in ASCs are some of the factors fostering the industry value.
Adoption of several growth strategies enables major market players to maintain their revenue share
Some of the leading companies operating in market are Ambulatory Surgical Centres of America, AMSURG (Kohlberg Kravis Roberts & Co. L.P.), ASD Management, HCA Healthcare, Physicians Endoscopy, Pinnacle III, Proliance Surgeons, Inc., Regent Surgical Health, L.L.C., Surgery Partners, SurgCenter Development, SurgCenter Development and Surgical Management Professionals, LLC. These industry participants undergo numerous growth initiatives to maintain robust foothold in ASCs business.