PUBLISHER: KBV Research | PRODUCT CODE: 1616465
PUBLISHER: KBV Research | PRODUCT CODE: 1616465
The Global Ambulatory Surgery Centers IT Services Market size is expected to reach $21.35 billion by 2031, rising at a market growth of 16.5% CAGR during the forecast period.
The shift toward value-based care models has further accelerated the adoption of EHR/EMR solutions, as they integrate seamlessly with other IT systems, such as telehealth and practice management platforms. Additionally, advancements in cloud-based EHR/EMR systems have made them more affordable and scalable, allowing even smaller ASCs to benefit from improved clinical workflows and data-driven insights. Thus, the EHR/EMR segment procured 13% revenue share in the market in 2023. These systems enable ASCs to maintain comprehensive and accessible patient records, improving care coordination and decision-making.
The major strategies followed by the market participants are Partnership as the key developmental strategy to keep pace with the changing demands of end users. For instance, In September, 2024, HST Pathways and SYNERGEN Health have partnered to deliver integrated revenue cycle management solutions for ASCs, combining cloud-based software with AI-driven RCM services. The collaboration aims to enhance financial performance, streamline workflows, and improve patient-provider experiences. Additionally, In April, 2024, eClinicalWorks partners with American Medical Administrators (AMA) to implement cloud-based EHR, RCM, and AI-driven tools, streamlining operations, enhancing interoperability, and supporting AMA's value-based care model for improved efficiency, patient outcomes, and provider autonomy across its expanding network.
Based on the Analysis presented in the KBV Cardinal matrix; UnitedHealth Group, Inc. (Optum, Inc.) is the forerunners in the Ambulatory Surgery Centers IT Services Market. Companies such as Oracle Corporation (Cerner Corporation) and McKesson Corporation are some of the key innovators in Ambulatory Surgery Centers IT Services Market. In January, 2021, McKesson and HCA Healthcare plan a joint venture combining US Oncology Research and Sarah Cannon Research Institute to expand oncology clinical trials, accelerate drug development, and improve cancer treatment access, focusing on community providers and underserved patients.
Market Growth Factors
The demand for outpatient surgeries has significantly risen in recent years, driven largely by minimally invasive surgical technique advancements. Compared to open procedures, these methods-like laparoscopic and robotic-assisted surgeries-require smaller incisions, which shorten recovery periods and lessen the risk of problems.
Additionally, IT services are also essential for regulatory paperwork and reporting. Many regulations require detailed reporting on patient outcomes, safety measures, and operational metrics. ASCs can produce precise and timely reports for regulatory bodies with the aid of IT systems that have automated reporting capabilities. Therefore, the pressure to comply with healthcare regulations like HIPAA and GDPR drives ASCs to adopt IT services that enhance data security, streamline reporting, and simplify compliance.
Market Restraining Factors
The adoption of IT systems in ASCs often involves substantial upfront financial investments, which can deter many centers from embracing advanced technology. These costs include purchasing software solutions such as Electronic Health Records (EHR), billing systems, telehealth platforms, and other essential IT tools tailored for efficient healthcare management. Hence, while IT systems have long-term benefits in cost savings, operational efficiency, and improved patient satisfaction, the steep initial expense remains a significant barrier, particularly for centers in rural or underserved areas.
Services Type Outlook
Based on service type, the market is bifurcated into software and services. The software segment garnered 60% revenue share in the market in 2023. These solutions help streamline administrative processes, enhance patient care, and ensure regulatory compliance, which are critical in today's healthcare landscape.
Deployment Outlook
On the basis of deployment, the market is classified into web/cloud based and on-premise. The on-premise segment recorded 25% revenue share in the market in 2023. This sustained interest is largely due to ASCs' desire for greater data security and compliance control. By keeping IT on-site, facilities can directly handle private patient data, guaranteeing compliance with strict regulations and reducing the danger of data breaches.
Product Outlook
By product, the market is divided into revenue cycle management, supply chain management, EHR/EMR, patient engagement, practice management, and others. The revenue cycle management segment witnessed 47% revenue share in the market in 2023. With the growing complexity of healthcare billing, including reimbursement processes and regulatory compliance, RCM solutions are essential for minimizing claim denials, streamlining payment cycles, and reducing administrative burdens.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment recorded 26% revenue share in the market in 2023. European nations are using IT technologies more and more to improve patient care and expedite healthcare procedures.
Recent Strategies Deployed in the Market
List of Key Companies Profiled
Global Ambulatory Surgery Centers IT Services Market Report Segmentation
By Service Type
By Deployment
By Product
By Geography