U.S. Ambulatory Surgical Center Market worth over $42bn by 2027
Published Date: April 12, 2021 Authors: Sumant Ugalmugle, Rupali Swain
U.S. Ambulatory Surgical Center Market size is set to surpass USD 42 billion by 2027, according to a new research report by Global Market Insights, Inc.
Reduced risk of healthcare-associated infections (HAIs) in ambulatory surgical centers as compared to hospitals will increasingly favor patient visits in ASCs. Ambulatory surgical centers have specialized facilities for surgical procedures and require compliance with high safety standards. Similarly, the CDC mandates ASCs to establish early detection, control, and investigation for communicable and infectious diseases that significantly reduce the risk of surgical site infections (SSI). Therefore, various advantages of ASCs prove beneficial for the overall market growth.
Increased number of minimally invasive procedures in the U.S. ambulatory surgical centers will accelerate the market expansion
Growing demand for minimally invasive treatments and wide availability of these treatments propel the U.S. ambulatory surgical center market value. Advantages associated with minimally invasive treatments include shorter hospital stays, reduced pain, less scarring and higher accuracy. Additionally, minimally invasive treatments offer benefits such as minimal bleeding, and less trauma to muscles, tissues, and nerves that prove advantageous for the market demand. Ambulatory surgical centers offer advanced surgical technology and these treatments are being offered by certified associations that secure the overall market revenue. However, high cost of medical devices may hinder the industry growth.
Involvement of physicians in the ASCs will create significant growth opportunities
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The physician only segment in the U.S. ambulatory surgical center market is anticipated to witness more than 10.5% growth rate till 2027. Ambulatory surgical center comes under several kinds of ownership, one of them is physician only. Most of the ASC’s ownership in the U.S. have some involvement of physicians for improved patient care that enhances the market progression. Moreover, in most of the instances cost of different procedures is lowest at physician owned ASCs compared to other ownerships, as these facilities are Medicare and Medicaid certified providing reimbursement for different surgeries.
Growing demand for dental procedures in the ASCs will favor the industry demand
Dental segment held around 3% of the U.S. ambulatory surgical center market share in 2020 led by rising number of oral surgeries among youth as well as geriatric population base due to vitamin deficiency and other factors. Similarly, numerous dental complications, infections and tooth decay across the country due to unhealthy dietary habits further favor the overall segment expansion. Thus, rising healthcare expenditure and increasing healthcare awareness thereby result in higher spending on general dentistry that will boost the industry progression.
Browse key industry insights spread across 103 pages with 77 market data tables & 17 figures & charts from the report, “U.S. Ambulatory Surgical Center 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), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Multi-specialty segment is projected to show a vigorous market growth
The multi-specialty segment accounted for more than USD 6.5 billion revenue size in 2020, as multi-specialty ASCs offer a diversified range of surgical procedures. Many ASC models are turning to multispecialty surgery centers in order to achieve profitability and to further provide advanced patient care that secures the industry value. In addition, favorable reimbursement scenario pertaining to multi-specialty ASCs secures the segment progression.
Higher demand for early disease diagnosis will foster the market expansion
The diagnosis segment in the U.S. ambulatory surgical center market is estimated to showcase around 10% CAGR through 2027. Increasing prevalence of chronic conditions coupled with growing awareness regarding early diseases diagnosis will fuel the industry revenue. Several ambulatory surgical centers are generally affiliated with high-quality diagnostic equipment and provide diagnosis for various kind of diseases and ailments securing the industry growth. Furthermore, availability of latest technology used for the detection as well as treatment and surged demand for quality healthcare at reduced cost will stimulate the market value.
Adoption of several growth strategies enables major industry players to maintain their market share
Some of the leading companies operating in U.S. ambulatory surgical center market include Ambulatory Surgical Centres of America, AMSURG, ASD Management, Constitution Surgery Alliance, Elite surgical affiliates, HCA Healthcare, Medical Facilities, NueHealth Enterprises, Physicians Endoscopy, Pinnacle, Proliance Surgeons, Regent Surgical Health, Surgery Partners, SurgCenter Development, Surgical Care Affiliates, Surgical Management Professionals, Tenet Healthcare and The Center for Ambulatory Surgery. These industry leaders undergo different growth initiatives to maintain robust foothold in the market.