Ambulatory Surgical Centers Market
Ambulatory Surgical Centers Market Forecasts to 2030 - Global Analysis By Type (Single Speciality Centers and Multispeciality Centers), Service (Diagnostic Services, Surgical Services, Therapeutic Services, Preventive Services, Rehabilitative Services and Other Services), Ownership, Technology, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $4.45 BN |
|
Projected Year Value (2030) |
US $24.48 BN |
|
CAGR (2023 - 2030) |
27.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Ambulatory Surgical Centers Market is accounted for $4.45 billion in 2023 and is expected to reach $24.48 billion by 2030 growing at a CAGR of 27.6% during the forecast period. Ambulatory surgical centers are healthcare facilities that provide same-day surgical care, allowing patients to undergo procedures without overnight hospitalization. Equipped with advanced medical technology, ASCs offer a wide range of surgical procedures, from routine to complex, in specialties like orthopedics, ophthalmology, and gastroenterology. These centers promote efficiency, convenience, and cost-effectiveness compared to traditional hospital settings. ASCs play a crucial role in modern healthcare, offering personalized treatment in a comfortable outpatient setting.
According to the Federated Ambulatory Surgery Association (FASA) Outcomes Monitoring Projects 2021, 75% of ASCs started 95% of their cases on time.
Market Dynamics:
Driver:
Increasing elderly population
The burgeoning elderly population simultaneously raises age-related health issues necessitating surgical interventions. ASCs cater to this demographic by offering efficient, cost-effective outpatient surgeries, aligning with the preferences of both patients and payers. These centers provide a convenient alternative to traditional hospital settings, offering specialized care tailored to the needs of older adults while ensuring quicker recovery times and reduced infection risks. Consequently, the increasing demand for surgical procedures among the elderly is fueling the expansion of the ASC market.
Restraint:
Limited procedure scope
The limited procedure scope in ASCs arises from regulatory restrictions and resource constraints. ASCs are typically equipped for low-risk, short-duration procedures, such as cataract surgery or endoscopy, due to space, staffing, and equipment limitations. This constrained scope restricts ASCs from catering to complex or prolonged surgeries, limiting their market reach. Consequently, patients requiring such procedures are often directed to hospitals, hindering ASCs' market growth potential.
Opportunity:
Escalating regulatory support
Regulatory bodies increasingly recognize ASCs as safe, cost-effective alternatives to traditional hospital settings for outpatient procedures. This recognition translates into streamlined accreditation processes, favourable reimbursement policies, and enhanced operational standards, encouraging the proliferation of ASCs. Moreover, stringent regulatory oversight assures patients of quality care and safety standards, fostering trust and confidence in ASCs. Consequently, this regulatory backing stimulates investments in ASC infrastructure and services, driving market expansion and meeting the rising demand for outpatient surgical procedures.
Threat:
Inconsistent reimbursement policies
Inconsistent reimbursement policies in ASCs stem from variations across different payers, including government programs and private insurers. These disparities create uncertainty for ASCs regarding reimbursement rates and coverage, making financial planning challenging. Additionally, frequent changes in reimbursement rules can lead to administrative burdens and increased operational costs. This inconsistency hampers market growth by discouraging investment in ASCs, limiting expansion opportunities, and potentially reducing patient access to these facilities.
Covid-19 Impact
The covid-19 pandemic significantly impacted ambulatory surgical centers market dynamics. Initially, many ASCs experienced a decline in elective procedures due to lockdowns, restrictions, and patient concerns about virus exposure. This led to revenue losses and operational challenges for ASCs. However, as healthcare systems adapted to pandemic protocols and elective surgeries resumed, ASCs played a vital role in providing safe, efficient surgical care. With their focus on outpatient services and lower infection risks compared to hospitals, ASCs regained momentum, highlighting their resilience and importance in the healthcare landscape amidst the pandemic's challenges.
The surgical services segment is expected to be the largest during the forecast period
The surgical services segment is estimated to have a lucrative growth. ASCs provide a wide range of surgical services in outpatient settings, allowing patients to undergo procedures and return home on the same day. These facilities offer convenience, cost-effectiveness, and efficiency compared to traditional hospital-based surgeries. ASCs are equipped with advanced technology and staffed by skilled healthcare professionals to ensure safe and successful procedures. With a focus on patient-centered care, ASCs continue to play a vital role in the delivery of high-quality surgical services worldwide.
The pain management segment is expected to have the highest CAGR during the forecast period
The pain management segment is anticipated to witness the highest CAGR growth during the forecast period. Pain management in ASCs encompasses various minimally invasive procedures aimed at alleviating acute or chronic pain, often allowing patients to return home on the same day. These procedures are performed by skilled pain management specialists in well-equipped facilities, providing efficient and effective relief for patients. ASCs prioritize patient comfort, safety, and optimal outcomes in pain management interventions.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing demand for cost-effective healthcare solutions, advancements in medical technology, and rising prevalence of chronic diseases. Key countries like China, India, and Japan are experiencing rapid expansion in ASCs due to government initiatives promoting outpatient care and the need to alleviate pressure on traditional hospital settings. Additionally, the adoption of minimally invasive surgeries and the growing aging population further propel market growth, creating lucrative opportunities for market players in the region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the shift towards outpatient procedures, advancements in medical technology, and increasing healthcare expenditure. The United States dominates the market, driven by a strong healthcare infrastructure and favourable reimbursement policies. Additionally, the rise in chronic diseases and the aging population further fuel demand for ASC services. With ongoing innovations and strategic partnerships, the North American ASC market is expected to continue its growth trajectory.
Key players in the market
Some of the key players profiled in the Ambulatory Surgical Centers Market include Ambulatory Surgical Centers of America (ASCOA), AmSurg Corporation, Covenant Physician Partners, Envision Healthcare Corporation, Hospital Corporation of America, Nueterra Healthcare, Regent Surgical Health, Stryker Corporation, Surgery Partners, Surgical Care Affiliates (SCA), Surgical Development Partners LLC, Surgical Management Professionals, Tenet Healthcare Corporation, United Surgical Partners International (USPI) and Xenco Services.
Key Developments:
In June 2022, Xenco Medical has expanded its ASC surgical device portfolio through the FDA clearance and launch of its Multilevel CerviKit™, an expansion of Xenco Medical’s breakthrough single-use cervical spine technology to include a comprehensive suite of implants and single-use instruments for 2, 3, and 4 level anterior cervical spine procedures.
In March 2022, The Leapfrog Group, a national watchdog organization of employers and other purchasers focused on health care safety and quality, introduced the new Leapfrog Ambulatory Surgery Center (ASC). The Leapfrog Group also uses the Leapfrog Hospital Safety Grade and ASC Surveys to insist that quality and safety are top priorities.
Types Covered:
• Single Speciality Centers
• Multispecialty Centers
Services Covered:
• Diagnostic Services
• Surgical Services
• Therapeutic Services
• Preventive Services
• Rehabilitative Services
• Other Services
Ownerships Covered:
• Physician-Owned ASCs
• Corporate-Owned ASCs
• Hospital-Owned ASCs
Technologies Covered:
• Robotic Surgery
• Minimally Invasive Surgery
• Computer-Assisted Surgery
Applications Covered:
• Ophthalmology
• Gastroenterology
• Pain Management
• Dermatology
• Plastic Surgery
• Urology
• Other Applications
End Users Covered:
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ambulatory Surgical Centers Market, By Type
5.1 Introduction
5.2 Single Speciality Centers
5.3 Multispeciality Centers
6 Global Ambulatory Surgical Centers Market, By Service
6.1 Introduction
6.2 Diagnostic Services
6.3 Surgical Services
6.4 Therapeutic Services
6.5 Preventive Services
6.6 Rehabilitative Services
6.7 Other Services
7 Global Ambulatory Surgical Centers Market, By Ownership
7.1 Introduction
7.2 Physician-Owned ASCs
7.3 Corporate-Owned ASCs
7.4 Hospital-Owned ASCs
8 Global Ambulatory Surgical Centers Market, By Technology
8.1 Introduction
8.2 Robotic Surgery
8.3 Minimally Invasive Surgery
8.4 Computer-Assisted Surgery
9 Global Ambulatory Surgical Centers Market, By Application
9.1 Introduction
9.2 Ophthalmology
9.3 Gastroenterology
9.4 Pain Management
9.5 Dermatology
9.6 Plastic Surgery
9.7 Urology
9.8 Other Applications
10 Global Ambulatory Surgical Centers Market, By End User
10.1 Introduction
10.2 Hospitals
10.3 Specialty Clinics
10.4 Ambulatory Surgical Centers
10.5 Other End Users
11 Global Ambulatory Surgical Centers Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Ambulatory Surgical Centers of America (ASCOA)
13.2 AmSurg Corporation
13.3 Covenant Physician Partners
13.4 Envision Healthcare Corporation
13.5 Hospital Corporation of America
13.6 Nueterra Healthcare
13.7 Regent Surgical Health
13.8 Stryker Corporation
13.9 Surgery Partners
13.10 Surgical Care Affiliates (SCA)
13.11 Surgical Development Partners LLC
13.12 Surgical Management Professionals
13.13 Tenet Healthcare Corporation
13.14 United Surgical Partners International (USPI)
13.15 Xenco Services
List of Tables
1 Global Ambulatory Surgical Centers Market Outlook, By Region (2021-2030) ($MN)
2 Global Ambulatory Surgical Centers Market Outlook, By Type (2021-2030) ($MN)
3 Global Ambulatory Surgical Centers Market Outlook, By Single Speciality Centers (2021-2030) ($MN)
4 Global Ambulatory Surgical Centers Market Outlook, By Multispecialty Centers (2021-2030) ($MN)
5 Global Ambulatory Surgical Centers Market Outlook, By Service (2021-2030) ($MN)
6 Global Ambulatory Surgical Centers Market Outlook, By Diagnostic Services (2021-2030) ($MN)
7 Global Ambulatory Surgical Centers Market Outlook, By Surgical Services (2021-2030) ($MN)
8 Global Ambulatory Surgical Centers Market Outlook, By Therapeutic Services (2021-2030) ($MN)
9 Global Ambulatory Surgical Centers Market Outlook, By Preventive Services (2021-2030) ($MN)
10 Global Ambulatory Surgical Centers Market Outlook, By Rehabilitative Services (2021-2030) ($MN)
11 Global Ambulatory Surgical Centers Market Outlook, By Other Services (2021-2030) ($MN)
12 Global Ambulatory Surgical Centers Market Outlook, By Ownership (2021-2030) ($MN)
13 Global Ambulatory Surgical Centers Market Outlook, By Physician-Owned ASCs (2021-2030) ($MN)
14 Global Ambulatory Surgical Centers Market Outlook, By Corporate-Owned ASCs (2021-2030) ($MN)
15 Global Ambulatory Surgical Centers Market Outlook, By Hospital-Owned ASCs (2021-2030) ($MN)
16 Global Ambulatory Surgical Centers Market Outlook, By Technology (2021-2030) ($MN)
17 Global Ambulatory Surgical Centers Market Outlook, By Robotic Surgery (2021-2030) ($MN)
18 Global Ambulatory Surgical Centers Market Outlook, By Minimally Invasive Surgery (2021-2030) ($MN)
19 Global Ambulatory Surgical Centers Market Outlook, By Computer-Assisted Surgery (2021-2030) ($MN)
20 Global Ambulatory Surgical Centers Market Outlook, By Application (2021-2030) ($MN)
21 Global Ambulatory Surgical Centers Market Outlook, By Ophthalmology (2021-2030) ($MN)
22 Global Ambulatory Surgical Centers Market Outlook, By Gastroenterology (2021-2030) ($MN)
23 Global Ambulatory Surgical Centers Market Outlook, By Pain Management (2021-2030) ($MN)
24 Global Ambulatory Surgical Centers Market Outlook, By Dermatology (2021-2030) ($MN)
25 Global Ambulatory Surgical Centers Market Outlook, By Plastic Surgery (2021-2030) ($MN)
26 Global Ambulatory Surgical Centers Market Outlook, By Urology (2021-2030) ($MN)
27 Global Ambulatory Surgical Centers Market Outlook, By Other Applications (2021-2030) ($MN)
28 Global Ambulatory Surgical Centers Market Outlook, By End User (2021-2030) ($MN)
29 Global Ambulatory Surgical Centers Market Outlook, By Hospitals (2021-2030) ($MN)
30 Global Ambulatory Surgical Centers Market Outlook, By Specialty Clinics (2021-2030) ($MN)
31 Global Ambulatory Surgical Centers Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
32 Global Ambulatory Surgical Centers Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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