PUBLISHER: Allied Market Research | PRODUCT CODE: 1566957
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566957
Ambulatory Surgery Center Market
The ambulatory surgery center market was valued at $125.7 billion in 2023 and is projected to reach $229.6 billion by 2033, growing at a CAGR of 6.2% from 2024 to 2033.
Ambulatory surgical centers (ASCs) are the medical facilities that provide same-day surgical care, eliminating the requirement of overnight hospital admission. ASCs comprise cutting-edge medical technology and specialized surgical teams, ensuring high-quality care in a cost-effective manner as compared to conventional hospital-based surgeries. Orthopedic surgeries, ophthalmic surgeries, endoscopies, and cosmetic procedures are some of the common surgeries conducted in ASCs. ASCs are gradually becoming an important part of the healthcare system as they are enhancing the accessibility and efficiency in surgical care delivery.
The accessibility of undergoing surgeries cost effectively and in a short duration is boosting the demand for the establishment of ambulatory surgery centers. In addition, increase in the preference for outpatient care post surgeries due to fast recovery in familiar settings is a major factor augmenting the development of the ambulatory surgery center market. The trend of integrating telehealth services in ASCs is gaining prominence as the virtual care platforms facilitate the preoperative assessments and postoperative follow-ups. The platform enhances the accessibility of care for the patients by supporting the continuity of care during home recovery period.
However, a large base of individuals continues to prefer the conventional hospital settings for receiving healthcare services, hence restraining the development of the ambulatory surgery center market. In addition, limited infrastructure poses operation challenges for ASCs in the case of complex surgeries, which hampers market growth. Despite the challenges, the market is projected to expand in the future. Sg2, a Vizient company, released a "2023 Impact of Change Forecast" which anticipates ASCs and outpatient surgeries to witness growth in double digits over the next decade. As surgeries are shifting from traditional hospitals to ASCs, by 2033, outpatient surgical volumes are projected to reach 109.5 million cases, exhibiting an increase of 18%.
Segment Review
The ambulatory surgery center market is segmented into center type, application, modality, and region. On the basis of center type, the market is bifurcated into single specialty centers and multispecialty centers. Depending on application, it is divided into gastroenterology, ophthalmology, orthopedics, neurology, and others. As per modality, it is classified into hospital based ambulatory surgical center and freestanding ambulatory surgical center. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of center type, the single specialty centers segment dominates the market.
Depending on application, the orthopedic segment is the highest shareholder.
As per modality, the hospital based ambulatory surgical center segment is the highest shareholder in the ambulatory surgery center market.
Region wise, North America is the highest revenue generator.
Competition Analysis
The leading players operating in the global ambulatory surgery center market include CHSPSC, LLC, Edward-Elmhurst Health, Envision Healthcare Corporation, Healthway Medical Group, Nexus Day Surgery Centre, Pediatrix Medical Group, Prospect Medical Holdings, Inc., Surgery Partners, SurgCenter, and TH Medical. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)