US Outpatient Surgical Procedure Market Size By Orthopedic Procedures, By Gastrointestinal (GI) Procedures, By Ophthalmic Procedures, By Geographic Scope And Forecast

US Outpatient Surgical Procedure Market Size And Forecast

US Outpatient Surgical Procedure Market size was valued at USD 156.47 Billion in 2023 and is projected to reach USD 180.98 Billion by 2030, growing at a CAGR of 2.11% during the forecast period 2024-2030. The US Outpatient Surgical Procedure Market encompasses the provision of surgical procedures conducted in outpatient settings, excluding those performed in traditional inpatient hospital settings. These procedures are typically performed on an ambulatory basis, allowing patients to return home on the same day as their surgery. The market includes a wide range of surgical specialties, such as orthopedic, ophthalmic, gastrointestinal, dermatological, and gynecological procedures, among others. Key components of the market involve outpatient surgical centers, ambulatory surgical centers (ASCs), and physician offices equipped with surgical facilities.

US Outpatient Surgical Procedure Market Drivers

The market drivers for the US Outpatient Surgical Procedure Market can be influenced by various factors. These may include:

Technological Developments:

The effectiveness and safety of outpatient surgical operations are being improved by ongoing developments in surgical methods, tools, and technologies. Because they shorten recovery periods and enhance patient outcomes, minimally invasive treatments, robotic surgery, and new imaging technologies are propelling the expansion of outpatient procedures.

Cost-effectiveness:

Because outpatient surgical operations don't need overnight hospital stays, they are typically less expensive than inpatient surgical procedures. Patients and healthcare providers alike are choosing outpatient settings more frequently in an effort to cut costs without sacrificing the quality of care they receive, as healthcare costs continue to climb.

Growing Need for Ambulatory Surgical Centers (ASCs):

For outpatient treatments, ambulatory surgical centers provide a practical and effective substitute for traditional hospital settings. Shorter wait times, individualized treatment, and specialized services are driving the growing demand for ASCs and supporting the expansion of the outpatient surgical procedure market.

Growing Chronic Conditions:

In the US population, the frequency of long-term illnesses and ailments requiring surgery is rising. These include obesity, cardiovascular disease, and orthopedic issues. Consequently, there is an increasing demand for outpatient surgical techniques to efficiently treat these illnesses while reducing the length of hospital stays and related expenses.

Value-based care is becoming more prevalent, and initiatives and changes in the healthcare industry are encouraging providers to provide high-quality care while minimizing costs. By providing effective and affordable treatment alternatives, outpatient surgical procedures support the objectives of value-based care, which encourages their acceptance and fosters market expansion.

Patient Preferences:

Because of advantages including comfort, ease, and a lower chance of hospital-acquired infections, patients are looking for alternatives to standard hospital stays for surgical operations. The demand for outpatient surgical procedures is driven by the increased flexibility and control that patients have over their healthcare experience in outpatient settings.

US Outpatient Surgical Procedure Market Restraints

Several factors can act as restraints or challenges for the US Outpatient Surgical Procedure Market. These may include:

Regulatory Difficulties:

Outpatient surgery centers may face difficulties adhering to government regulations and standards, such as those established by the Centers for Medicare & Medicaid Services (CMS) and accreditation organizations like The Joint Commission. Following legal requirements could make operations more expensive and administratively burdensome, which would limit market expansion.

Reimbursement Issues:

The financial sustainability of ambulatory surgery centers (ASCs) and other outpatient facilities can be impacted by reimbursement regulations and rates for outpatient surgical operations. The profitability of outpatient surgery may be hampered by changes in reimbursement rates or delays in reimbursement payments from public payers and commercial insurers, deterring physicians from growing their outpatient services.

Limited Scope of Operations:

Even though a large number of surgical operations can be carried out in outpatient settings with safety, some high-risk or complex procedures may still need to be treated in an inpatient facility because they require specialized equipment, close monitoring, or post-operative care. The market for outpatient surgical treatments may not be able to grow as much as it could due to the narrow range of procedures that can be done as an outpatient.

Costs of Infrastructure and Equipment:

Creating and keeping up a fully functional outpatient surgical center necessitates large expenditures for technology, medical equipment, and infrastructure. Expansion of current facilities may be restricted by high capital expenditures and ongoing operating costs, especially in rural or underserved areas, which could act as barriers to entry for new market competitors.

Patient Safety Concerns:

It is crucial to guarantee both patient safety and high-quality care in outpatient surgical settings. However, patient and provider perceptions of outpatient surgery may be influenced by worries about possible safety hazards, such as surgical complications, adverse events related to anesthetics, and infection control measures. Mitigating market growth constraints requires addressing these concerns through strong safety measures and quality improvement programs.

Restricted Access to Specialized Care:

Patients who need certain surgical procedures or interventions may occasionally have trouble finding outpatient clinics with the requisite knowledge and resources. Patient referrals to outpatient settings may be restricted due to geographic differences in access to specialist treatment and constraints in provider networks, which may have an impact on market demand and usage rates.

US Outpatient Surgical Procedure Market Segmentation Analysis

The Us Outpatient Surgical Procedure Market is segmented on the basis of Orthopedic Procedures, Gastrointestinal (GI) Procedures, Ophthalmic Procedures, and Geography.

Us Outpatient Surgical Procedure Market, By Orthopedic Procedures

• Arthroscopic Procedures
• : Minimally invasive surgical procedures to diagnose and treat joint conditions, such as arthroscopy of the knee, shoulder, or hip.
• Orthopedic Surgeries
• : Outpatient surgeries for musculoskeletal conditions, including procedures like carpal tunnel release, ACL repair, and meniscectomy.

US Outpatient Surgical Procedure Market, By Gastrointestinal (GI) Procedures

• Endoscopic Procedures
• : Diagnostic and therapeutic procedures involving the use of an endoscope to examine the digestive tract, such as colonoscopy, upper endoscopy (EGD), and sigmoidoscopy.
• Hemorrhoidectomy
• : Surgical removal of hemorrhoids, often performed on an outpatient basis.

US Outpatient Surgical Procedure Market, By Ophthalmic Procedures

• Cataract Surgery
• : Surgical removal of the clouded lens of the eye, typically replaced with an artificial lens, frequently performed as an outpatient procedure due to its minimally invasive nature.
• Laser Eye Surgeries
• : Refractive surgeries like LASIK and PRK to correct vision problems, often performed in outpatient clinics.

US Outpatient Surgical Procedure Market, By Geography

• North America
• US

Key Players

• The major players in the US Outpatient Surgical Procedure Market are:
• Johnson & Johnson
• Medtronic
• Abbott Laboratories
• Siemens Healthineers
• Stryker Corporation
• Baxter International
• Boston Scientific Corporation
• Cardinal Health
• Zimmer Biomet
• NuVasive Inc.