PUBLISHER: The Business Research Company | PRODUCT CODE: 1458593
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458593
An ambulatory surgery center (ASC) is a specialized medical facility dedicated to providing outpatient surgical care, encompassing diagnostic and preventive procedures. ASCs aim to enhance the outpatient experience by offering more convenient scheduling, specialized staff training, and equipment tailored to specific surgical techniques.
The primary components in ambulatory surgery centers include services, software, and hardware. These centers provide a range of outpatient surgical services, enabling patients to undergo surgical procedures without the need for an overnight hospital stay. ASCs can be categorized into different types, including single specialty centers and multispecialty centers. They may be further classified based on modalities such as hospital-based ambulatory surgical centers and freestanding ambulatory surgical centers. Various applications encompass orthopedics, pain management or spinal injections, gastroenterology, ophthalmology, plastic surgery, otolaryngology, obstetrics or gynecology, dentistry, podiatry, and others.
The ambulatory surgery center research report is one of a series of new reports from The Business Research Company that provides ambulatory surgery center market statistics, including the ambulatory surgery center industry's global market size, regional shares, competitors with an Ambulatory surgery center market share, detailed ambulatory surgery center market segments, market trends and opportunities, and any further data you may need to thrive in the ambulatory surgery center industry. This ambulatory surgery center market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ambulatory surgery center market size has grown strongly in recent years. It will grow from $78.03 billion in 2023 to $83.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be attributed to several factors, including reimbursement policies, the regulatory environment, patient demand for convenience, advances in anesthesia, and market competition.
The ambulatory surgery center market size is expected to see strong growth in the next few years. It will grow to $103.59 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be attributed to factors such as global health events and preparedness, increased collaboration with health systems, integration of telemedicine, a heightened focus on chronic disease management, and advancements in population health management. Noteworthy trends expected in the forecast period encompass digital documentation and electronic health record (EHR) optimization, the development of technological infrastructure, advancements in medical technology, integration of digital health solutions, the expansion of remote patient monitoring, and increased collaboration with health systems.
The increasing number of surgeries is anticipated to drive the growth of the ambulatory surgery center market. Ambulatory surgery centers play a crucial role in providing outpatient surgical treatments, offering specialized and cost-effective care with shorter recovery periods compared to traditional hospitals. The International Society of Aesthetic Plastic Surgery reported a significant increase in both surgical and non-surgical treatments conducted by plastic surgeons globally in 2022, totaling approximately 14.9 million surgical and 18.8 million non-surgical procedures. This 11.2% overall rise underscores the growing demand for surgical interventions and aligns with the surge in the ambulatory surgery center market.
Major companies in the ambulatory surgery centers market are concentrating on the development of technologically advanced products, exemplified by ambulatory cloud EHR software. Ambulatory cloud EHR software, specifically designed for outpatient care, offers accessible, scalable, and secure management of patient records and clinical workflows. In October 2023, eClinicalWorks, a US-based provider of cloud-based electronic health record software for ambulatory care, introduced an innovative EHR software version, V12. The V12 version boasts enhanced application performance, up to 40% faster speed, a pre-visit planning module, improved accessibility with click reductions, and new displays for drug management. The emphasis on technological advancements in products aligns with the industry's commitment to enhancing usability, delivering value-based treatment, and improving the overall patient experience in the ambulatory surgery center market.
In October 2023, SurgNet Health Partners Inc., a US-based company specializing in the development and management of ambulatory surgery centers, completed the acquisition of Executive Ambulatory Surgery Center and Lippy Surgery Center for an undisclosed sum. This acquisition solidifies SurgNet Health Partners' position as a rapidly growing organization in the field of ambulatory healthcare management. Executive Ambulatory Surgery Center, based in the US, provides surgical services, while Lippy Surgery Center, also US-based, specializes in clinical and surgical otolaryngology treatments for both children and adults.
Major companies operating in the ambulatory surgery center market report are McKesson Corporation, HCA Healthcare, Medtronic PLC, Tenet Healthcare, Philips Healthcare, GE HealthCare Technologies Inc., Cerner Corporation, Zimmer Biomet, Optum Inc., Epic Systems Corporation, United Surgical Partners International, Surgery Partners, SCA Health, Athenahealth Inc., Prospect Medical Systems, eClinicalWorks, Medical Information Technology Inc, NextGen Healthcare, AMSURG, Hunterdon Healthcare, Surgical Information Systems, CureMD Healthcare, Advanced-Data Systems Corporation, Beaumont Health, HST Pathways, Meditouch, Ambulatory Surgical Centers of America, Pinnacle Surgery Center LLC, Center for Health Ambulatory Surgery Center LLC, Surg Center Gilbert
North America was the largest region in the ambulatory surgery center market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ambulatory surgery center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ambulatory surgery center market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The ambulatory surgery center market consists of revenues earned by entities by providing services such as surgical services, preoperative assessment, patient education, anesthesia services, ophthalmology, postoperative care, billing and coding, and gastroenterology. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ambulatory Surgery Center Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ambulatory surgery center market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ambulatory surgery center? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ambulatory surgery center market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.