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Ambulatory Surgical Centers (ASCs) Market to surpass USD 97.3 billion by 2024

Press release   •   May 08, 2019 03:10 EDT

The Exhaustive Study for Global Ambulatory Surgical Centers Market is added on Ameco Research. The report covers the market aspect and its growth forecasts across the coming years. It also includes a review of the key merchants moving in this market.

The Global Ambulatory Surgical Centers (ASCs) Market is projected to witness a sluggish CAGR of 3.5% over the forecast period. The industry is likely to expand from USD 77.1 billion in 2017 to USD 97.3 billion by 2024.

The growth is primarily attributed to the growing number of surgeries performed in ASCs and growing incidence of accidental cases. There are several advantages of using ambulatory surgical centers such as the personal attention, the patient receive and the lack of exposure to a wide range of infections. This is also one of the reason that ASCs market is expected to increase in coming years globally.

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Ambulatory surgery centers (ASCs) are providing surgical and emergency care services on an outpatient basis. It offers improved patient care quality along with the reduction in healthcare cost. The growth of this industry is attributed to increasing prevalence of acute and chronic diseases and growing incidence of accidental cases across the globe. Patients are opting for ambulatory services owing to rising burden of treatment cost and better outcomes with higher patient satisfaction. Moreover, technological advancements in the surgical techniques have allowed increasing number of procedure performed in ASCs. Furthermore, as healthcare industry and investors look for new methods to cut costs, an ambulatory surgical center offers additional benefits as compared to hospitals. The lower rate of infections and cost effectiveness of ASCs will drive the ambulatory surgical centers market over the forecast period.

Global Ambulatory Surgical Centers Market Regional Insight

Geographically, North America held the largest market share of the global market in 2017. The growth in the region is attributed to the growing investments in ASCs by major private healthcare companies and patients adopting minimally invasive therapies. Europe held the second largest share of the global market owing to higher volume of orthopedic surgery, and high number of eyes disorders. Additionally, local governments of this region are also promoting the adoption of ASCs. Asia-Pacific is expected to be the fastest growing market due to growing number of aging population and increasing accidental cases and more chronic conditions are expected to propel the market growth in this region.

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Key findings from the report:

On the basis of specialty, the multi-specialty surgical centers segment held the share of the market in 2017. The growth is attributed to growing number of surgeries procedure performed, and people moving towards multi-specialty surgical centers due to presence of highly skilled and qualified surgeons, nurse, and staff.

On the basis of multi-specialty surgical centers, the orthopedic segment held the major share of the market

On the basis of services, the surgical services held the major share of the market in 2017, and expected to continue its dominance over the forecast period

Based on the ownership type, the physician only, segment held the major share of the market in 2017

Geographically, North America held the largest share of the global market in 2017 and the trend is likely to continue over the forecast period

Some of the key companies operating in the market include, Proliance Surgeons, Inc., Tenet Healthcare Corporation, Regent Surgical Health, Surgical Management Professionals, ASD Management, United Surgical Partners International, Symbion Pty Ltd., AmSurg Corp., Medical Facilities Corporation, Ambulatory Surgical Centers of America, and HCA Healthcare, Inc.

This report segments global ambulatory surgical centers market by specialty, services, location, ownership type, modality, and region.

By Specialty

Single Specialty Surgical Centers

Podiatry

Dental

Otolaryngology

Endoscopy

Gynecology

Ophthalmology

Orthopedic

Pain management

Plastic surgery

Other

Multi-Specialty Surgical Centers

Podiatry

Dental

Otolaryngology

Endoscopy

Gynecology

Ophthalmology

Orthopedic

Pain management

Plastic surgery

Other

By Services

Surgical services

Diagnostic services

By Location

Rural

Urban

By Ownership Type

Physician only

Corporate-physician

Hospital-physician

Corporate-hospital

Corporate only

Hospital only

By Modality

Hospital-based ambulatory surgical center

Freestanding ambulatory surgical center

By Region

North America

Europe

Asia-Pacific

Latin America

Middle East and Africa

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