by Ambulatory surgery centers or ASCs are modern medical facilities focused on providing same-day surgical care, including diagnostic and preventive procedures. They provide an alternative to hospital-based outpatient procedures through a more convenient setting for mutually beneficial outpatient clinical procedures. Common surgical specialties served include ophthalmology, orthopedics, gastroenterology, and pain management. ASCs allow surgeons to perform procedures efficiently without worrying about occupancy rates and facilitate quick discharge of patients. With advancement in minimally invasive procedures, most general surgeries such as hernia repair, colonoscopy, and cataract removal can now be performed safely in ASCs. This transition of procedures from inpatient to outpatient settings is expected to drive higher volume growth through ASCs over the forecast period.
The global Ambulatory Surgical Center Market is estimated to be valued at US$ 92.61 billion in 2023 and is expected to exhibit a CAGR of 36% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The rising preference for outpatient surgeries is one of the major drivers propelling the ambulatory surgical center market growth. Changing reimbursement policies incentivize the shift of lower risk procedures from hospitals to low cost ambulatory settings. Additionally, increasing demand for convenient healthcare is encouraging investment in ASC infrastructure across major countries. The growing geriatric population undergoing age-related surgical procedures also presents opportunities in the ASC domain. Significant cost savings associated with ASCs compared to inpatient care further drives consolidation in the market.
Segment Analysis
The Ambulatory Surgical Center Market Size is segmented into hospital owned ASCs, physician owned ASCs, and single specialty ASCs. Physician owned ASCs dominates the market with over 60% share owing to preference for minimally invasive procedures and specialized treatments that do not require overnight stay at hospitals. Physician owned ASCs provide more operational control and clinical autonomy to physicians for better patient care.
PEST Analysis
Political: Government initiatives to shift healthcare delivery towards outpatient settings will drive ASC market growth. Regulatory reforms support development of private ASCs to cope with rising healthcare costs.
Economic: Lower cost of ambulatory procedures compared to inpatient surgery boosts ASC adoption. Reimbursement policies incentivize utilization of ASCs for common surgeries. Business friendly ASC market entry policies attract private investments.
Social: Growing preference for quick recovery, minimal invasive surgeries, and early return to normal activities pushes demand for ASCs. Aging population and chronic disease burden heightens need for accessible outpatient surgical options.
Technological: Advancements in anesthesia, endoscopy equipment, robotics, and development of specialty surgical procedures facilitate complex surgeries in outpatient settings. Digital technologies help ASCs optimize workflows and enhance patient experience.
Key Takeaways
The global Ambulatory Surgical Center market is expected to witness high growth supported by rising chronic disease burden, cost advantages over hospital-based care, and enabling government policies. The global Ambulatory Surgical Center Market is estimated to be valued at US$ 92.61 billion in 2023 and is expected to exhibit a CAGR of 36% over the forecast period 2023 to 2030.
Regional analysis comprises- The North America ASC market valued at USD 45 Billion in 2020 and is expected to continue domination during the forecast period. This can be attributed to the large private healthcare sector, focus on quality and affordable care, and health reforms incentivizing outpatient utilization in the US.
Key players related content comprises – Key players operating in the Ambulatory Surgical Center market are United Surgical Partners International, Tenet Healthcare, Envision Healthcare, Surgical Care Affiliates and Surgery Partners. United Surgical Partners International enjoys leading position with strong network presence across the US.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
