PUBLISHER: Grand View Research | PRODUCT CODE: 1511888
PUBLISHER: Grand View Research | PRODUCT CODE: 1511888
The U.S. ambulatory surgery center market and U.S. ambulatory surgery center devices market size is expected to reach USD 60.8 billion and USD 49.1 billion by 2030 expanding at a CAGR of 6.02% and CAGR 8.89% from 2024 to 2030, based on a new report by Grand View Research, Inc. The market's growth can be attributed to the reduced healthcare costs in ASCs, favorable reimbursement rates for ASCs, and a decreased risk of infection compared to hospitals.
Moreover, recently experienced notable technological advancements, prioritizing enhancing patient outcomes, cost reduction, and operational efficiency. The increasing utilization of robotics and 3D printing technology has empowered surgeons to conduct procedures with greater precision and less invasiveness, leading to swifter recovery periods and improved patient results. For instance, in July 2023, Stryker launched the Ortho Q guidance system, a robotics-ready platform.
The system has a small footprint and is designed for use in ASCs and operating rooms. Over the last decade, the demand for ASCs has increased, especially for multispecialty ASCs. This is attributed to a rise in the number of surgical procedures due to the high burden of chronic diseases in the U.S. According to ASC Data, as of Q4 2023, there were 3,072 multispecialty ASCs in the U.S. Multispecialty ASCs have the advantage of providing a wide array of quality services, competing well with hospital-owned ASCs.