Ambulatory Surgery Center Market Forecasts to 2030 - Global Analysis By Solution, Component, Center Type, Modality, Ownership, Service, Application and By Geography

According to Stratistics MRC, the Global Ambulatory Surgery Center Market is accounted for $127.33 billion in 2023 and is expected to reach $220.78 billion by 2030 growing at a CAGR of 8.18% during the forecast period. Ambulatory surgical centers are contemporary outpatient surgery facilities with a focus on same-day procedures like diagnostic and preventative surgeries. People who don't need to be hospitalized are typically served by these facilities. Moreover, the patient can be discharged as soon as the medical procedure is finished and the therapy is carried out outside of the hospital. For those who cannot afford high medical costs, ambulatory surgical centers are a great option. Mobile surgical procedures are provided by ambulatory surgical facilities for the convenience of their patients.

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Market Dynamics:

Driver:

Increasing cost effectiveness

Due to the streamlined operations and lower overhead costs than hospitals, ambulatory surgery centers (ASCs) are renowned for being cost-effective. Additionally, ASCs reduce the need for expensive overnight stays, laboratory tests, and prolonged recovery periods, resulting in lower healthcare costs for patients and payers. As a result, surgical care is more widely available and reasonably priced.

Restraint:

Compliance to healthcare regulations

ASCs frequently struggle to comply with healthcare regulations. Federal, state, and local authorities have put forth strict regulations governing them that must be followed. Furthermore, these regulations cover topics like facility standards, infection control, safety procedures, and reporting requirements. To remain in compliance, it is necessary to continuously monitor and adapt to these regulations as they change. If this isn't done, there may be fines, penalties, or even closure.

Opportunity:

Increasing service offerings

By including new medical specialties like podiatry, otolaryngology (ENT), dermatology, and plastic surgery, ASCs can diversify their service offering. By making these improvements, the facility will be able to serve a wider range of patients, draw in more referring doctors, and process more cases. However, in order to remain on the cutting edge of medical innovation, expanding services may also entail implementing cutting-edge procedures or techniques, like endoscopy or robotic surgery.

Threat:

Regulation modifications and compliance

ASCs must comply with constantly changing healthcare regulations, such as those pertaining to certification, licensure, and quality reporting. Additionally, significant investments in facility upgrades, staffing, and documentation may be required as a result of regulatory changes. If you don't follow the rules, you risk getting into trouble with the law, losing your accreditation, and hurting your reputation.

COVID-19 Impact:

The Ambulatory Surgery Center (ASC) market was significantly impacted by the COVID-19 pandemic in a number of ways. As elective surgeries were postponed or cancelled to conserve healthcare resources and lower the risk of virus transmission, many ASCs initially saw a significant decline in patient volumes. Due to the resulting financial difficulties, some ASCs were forced to temporarily close or scale back their services. However, as the pandemic spread, ASCs made adjustments by putting strict safety protocols in place, improving their infection control procedures, and giving urgent and crucial surgeries top priority. Remote patient monitoring and telemedicine integration have also developed into crucial tools for patient care.

The Clinical IT Solutions segment is expected to be the largest during the forecast period

Clinical IT Solutions is predicted to hold the largest market share in the ambulatory surgery center market. A wide range of technologies and software programs are included in clinical IT solutions, which are intended to improve patient care and simplify clinical workflows. These solutions include clinical decision support systems, electronic health records, computerized physician order entry systems, telemedicine platforms, and various diagnostic and monitoring tools. Moreover, clinical IT solutions prominence can be attributed to their crucial function in enhancing healthcare provider's efficiency and accuracy in providing care, as well as in ensuring compliance with regulatory requirements and improving patient outcomes.

The Cardiovascular segment is expected to have the highest CAGR during the forecast period

The cardiovascular segment is experiencing the highest CAGR in the ambulatory surgery center market. Diagnostic procedures, interventional cardiology, cardiac surgery, and the management of cardiovascular diseases are just a few of the medical specialties and interventions included in the cardiovascular segment. A number of factors, including an aging population with a higher prevalence of heart-related conditions, developments in cardiovascular technology, and a growing focus on preventive cardiology and early intervention, can be attributed to this segment's high growth. Additionally, the development of the market has also been aided by innovations like minimally invasive cardiac procedures and the incorporation of digital health tools for remote monitoring.

Region with largest share:

The largest share of the ambulatory surgery center market is held by North America, specifically the United States. Due to significant healthcare spending, a developed healthcare infrastructure, and a diverse patient population, the United States has the largest healthcare ecosystem in the world. The region's dominance is attributed to elements like cutting-edge medical innovation and research, a thriving pharmaceutical and biotechnology sector, and a large number of well-known healthcare organizations. Moreover, the United States is renowned for its top-notch medical centers, academic hospitals, and cutting-edge medical technology. Pharmaceuticals, medical devices, hospitals, and healthcare IT solutions are just a few of the healthcare sectors where this market leadership is present.

Region with highest CAGR:

The ambulatory surgery center market is predicted to grow at the highest CAGR in the Middle East and North Africa (MENA) region. A growing population, increased government investments in healthcare infrastructure, and rising healthcare costs have all contributed to the significant growth in healthcare in the MENA region. The United Arab Emirates, Saudi Arabia, and Qatar are just a few of the nations in the region that have been actively building top-notch medical facilities, luring medical tourists, and expanding healthcare services. Furthermore, there is a growing need for telemedicine, digital health solutions, and advanced healthcare technologies. The region's significant growth in the global healthcare market is a result of its dedication to improving healthcare quality and accessibility.

Key players in the market:

Some of the key players in Ambulatory Surgery Center market include: Cerner Corporation, Envision Healthcare Corporation, HCA Holdings, Inc., McKesson Corporation, Philips Healthcare, AmSurg Corp., Surgical Care Affiliates, Inc., Advanced Data Systems Corporation, Prospect Medical Holdings, Inc., GE Healthcare, Tenet Healthcare, Epic Systems Corporation, Vision Group Holdings, Healthway Medical Group , Ambulatory Surgical Centers of America, Medical Information Technology Inc., Community Health Systems, Inc ,NextGen Healthcare, UnitedHealth Group, Athenahealth, Inc.

Key Developments:

In June 2023, GE HealthCare has entered into a distribution agreement with DePuy Synthes, the Orthopaedics Company of Johnson & Johnson, to bring GE HealthCare's OEC 3D Imaging System, in conjunction with DePuy Synthes extensive product portfolio, to more surgeons and patients across the United States. This new collaboration demonstrates GE HealthCare's ongoing commitment to bring exceptional imaging technologies to clinicians providing patient care through the practice of some of healthcare's most complex spine procedures today.

In May 2023, HCA Healthcare, Inc., one of the nation's leading healthcare providers, today announced it has signed an agreement to purchase 41 urgent care centers in Texas from FastMed. Once completed, the transaction will expand significantly HCA Healthcare's urgent care operations, which currently comprise 268 clinics. The agreement includes 19 FastMed and 22 MedPost urgent care centers in Dallas, Austin, San Antonio, Houston, and El Paso. It does not include FastMed's urgent care locations outside of Texas.

In February 2023, Cerner Oracle Company has signed a contract with Accenture to improve the training Department of Veterans Affairs clinicians receive on using the VA's Cerner Millennium-based electronic health record platform. Speaking with FedScoop, Oracle Executive Vice President Ken Glueck said Oracle-owned Cerner had determined it needed additional support from consultancy firm Accenture after identifying this as an area where program improvement is needed.

Solutions Covered:

• Clinical IT Solutions
• Non-Clinical Healthcare IT Solutions
• HCIT Outsourcing Services
• Other Solutions

Components Covered:

• Services
• Software
• Hardware
• Other Components

Center Types Covered:

• Single-Specialty
• Multi-Specialty
• Antidepressants
• Anti-anxiety Drugs
• Other Center Types

Modalities Covered:

• Hospital-based Ambulatory Surgical Center
• Freestanding Ambulatory Surgical Center
• Other Modalities

Ownerships Covered:

• Physician Owned
• Hospital Owned
• Corporate Owned

Services Covered:

• Diagnostic Services
• Surgical Services
• Other Services

Applications Covered:

• Orthopedics
• Pain Management/Spinal Injections
• Gastroenterology
• Ophthalmology
• Plastic Surgery
• Neurology
• Otolaryngology
• Obstetrics/Gynecology
• Dental
• Endoscopy
• Cardiovascular
• Urology
• Dermatology
• Podiatry
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances