The Ambulatory Surgical Centers market is poised for significant growth, fueled by a confluence of factors including increasing chronic diseases, growing surgical demand, and a shift towards cost-effective outpatient procedures. This trend is propelling the adoption of ASCs by patients and healthcare providers alike.
The Ambulatory Surgical Centers Market was valued at USD 124.87 Billion in 2023 and is anticipated to reach a staggering USD 201.91 Billion by 2031. This translates to a compound annual growth rate (CAGR) of 6.19% throughout the forecast period.
Download Free Sample Report of Ambulatory Surgical Centers Market @ https://www.snsinsider.com/sample-request/2024
The growth of the ASC market is driven by several compelling forces:
- Rising Burden of Chronic Diseases: The prevalence of chronic conditions like diabetes, kidney disease, and neurodegenerative disorders is steadily increasing. This necessitates more surgical procedures, fueling the demand for ASCs.
- Growing Demand for Surgeries: The overall number of surgeries performed is on the rise due to an aging population and advancements in surgical techniques. ASCs cater well to minimally invasive procedures, further boosting their appeal.
- Shift Towards Ambulatory Surgery Centers: Patients and healthcare providers are increasingly opting for ASCs due to their cost-effectiveness, convenience, and faster recovery times compared to traditional hospital settings.
- New Product Launches and Strategic Initiatives: Market players are actively launching new products and undertaking strategic initiatives such as mergers, acquisitions, and partnerships. This fosters innovation and drives market expansion.
For example, in January 2021, HST Pathways launched a membership program specifically designed for ASCs, offering them bundled services and flexibility to customize their needs. Such tailored solutions enhance the attractiveness of ASCs for patients, contributing to market growth.
Furthermore, collaborations like the joint venture between Effingham Ambulatory Surgery Center and healthcare providers in November 2021 demonstrate a commitment to improving patient care through innovative programs. These initiatives further solidify the position of ASCs within the healthcare landscape.
Market Analysis
The cost-effectiveness of procedures performed at ASCs is a significant driver of market growth. Studies have shown that healthcare expenditure in ASCs is considerably lower compared to hospitals. This factor, coupled with the growing geriatric population requiring surgeries, fuels market expansion.
According to a report by the Ambulatory Surgery Center Association, the availability and utilization of ASCs have led to a significant reduction in annual healthcare costs in the United States. This highlights the positive impact of ASCs on healthcare affordability and accessibility.
In July 2022, Southeastern Spine Institute, an ASC affiliated with USPI, launched its robotic-assisted surgery program utilizing a robotic system for total knee replacements. This demonstrates the integration of advanced technologies within ASCs.
In July 2022, Centura Mercury Hospital partnered with USPI to construct a new ASC in Colorado. This collaboration highlights the growing focus on expanding access to high-quality outpatient surgical care through ASCs.
List of Ambulatory Surgical Centers Companies Profiled in Report:
(To view Full list of companies, Ask for Sample Report)
- CHSPSC LLC.
- Advanced Data Systems Corporation
- Allscripts Healthcare Solutions Inc.
- Cerner Corporation
- Edward-Elmhurst Health
- Eifelhöhen-Klinik AG
- Envision Healthcare Corporation
- Epic Systems Corporation
- GE Healthcare
- Healthway Medical Group
- McKesson Corporation
- Medical Information Technology Inc.
- NextGen Healthcare
- Nexus Day Surgery Centre
- Pediatrix Medical Group
- Philips Healthcare
- Prospect Medical Holdings Inc.
- SurgCenter
- Surgery Partners
- Surgical Information Systems
- TH Medical
- UNITEDHEALTH GROUP
Have Any Query? Ask Our Experts @ https://www.snsinsider.com/enquiry/2024
Orthopedics Segment Leads the Market
The Orthopedics segment is expected to dominate the ASC market throughout the forecast period. This dominance stems from the rising prevalence of orthopedic conditions and strategic initiatives by market players. The volume of knee and hip replacement surgeries has witnessed a significant increase, positively impacting the growth of this segment.
For instance, a report from the Canadian Institute of Health Information highlights a surge in hip and knee replacement procedures performed in recent years. Similar trends are observed in other countries like the United Kingdom. This high volume of orthopedic surgeries translates into a substantial demand for specialized facilities like ASCs, propelling segment growth.
North America Takes Dominant Position
North America is expected to hold a significant share of the Ambulatory Surgical Centers market throughout the forecast period.
The growing burden of chronic diseases across North American countries, such as diabetes and kidney disease, fuels the demand for surgical procedures and ultimately, ASC services. Healthcare systems in North America are increasingly emphasizing cost-effective healthcare solutions. ASCs, with their lower costs compared to hospitals, cater to this growing need, driving market expansion.
Collaborations and acquisitions among key players in North America are fostering innovation and expansion within the ASC market. For instance, in March 2021, Ascension partnered with Regent Surgical Health to develop and operate ASCs across various communities, providing convenient access to patients. Similarly, USPI’s acquisition of Compass Surgical Partners in October 2021 strengthened its presence in the market.
Effective Key Takeaways from the Ambulatory Surgical Centers Market Study
- Gain a comprehensive understanding of the growth drivers, restraints, and opportunities influencing the ASC market.
- Explore detailed analysis of market segments based on specialty (orthopedics, ophthalmology, gastroenterology, etc.) and type of surgery (minimally invasive, open surgery).
- Identify the leading segments and factors influencing their growth trajectory.
- Gain insights into the impact of geopolitical events and economic slowdowns on the market.
- Access key regional trends and identify dominant players in North America, Europe, and Asia Pacific.
Check Discount on This Report @ https://www.snsinsider.com/discount/2024
Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Ambulatory Surgical Centers Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Ambulatory Surgical Centers Market Segmentation, By Application
Chapter 9 Ambulatory Surgical Centers Market Segmentation, By Ownership
Chapter 10 Ambulatory Surgical Centers Market Segmentation, By Center Type
Chapter 11 Regional Analysis
Chapter 12 Company profile
Chapter 13 Competitive Landscape
Chapter 14 Use Case and Best Practices
Chapter 15 Conclusion
Continued…
About US:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
Contact Us:
Akash Anand – Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
