An “outpatient” procedure is the one that does not require admission in hospital for treatment and can be performed outside the hospital premises. Ambulatory care is also known as outpatient care which is a type of medical care delivered on outpatient basis. Ambulatory care involves services of diagnosis, observation, treatment, intervention, consultation and rehabilitation. Ambulatory care extends to advanced medical technology procedures. Ambulatory surgery centers or ASCs are institutes which deliver surgical and emergency care while cutting costs incurred on healthcare. Ambulatory surgery center is an enhanced method of treatment which is an alternative to several issues of inpatient treatment such as treatment delays, limited operating capacity of hospitals, inadequate hospital rooms, high expenditure, etc.
Ambulatory Surgery Centers Market: Drivers & Restraints
Ambulatory surgery center is cost effective care model and is supported by healthcare reforms in response to rising demand to cut healthcare costs. Ambulatory surgery center is driven by the quick service delivery and short-term of hospital care. The ambulatory surgery center needs to have more specialized facilities than the conventional inpatient facilities. Setting up of operating and recovery rooms while providing the pertinent ambulatory surgery center equipment on outpatient basis is a challenging task as well as risky. Hospitals are major competitors of ambulatory surgery centers.
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Ambulatory Surgery Centers Market: Segmentation
Ambulatory surgery centers market is further segmented into the following types:
- Hospital-Based Ambulatory Surgery Centers
- Free-Standing Ambulatory Surgery Centers
Based on type of surgery, the global ambulatory surgery centers market is segmented into the following:
- Pain management
- Other end use sectors
Based on application, the global ambulatory surgery centers market is segmented into the following:
- Laceration Treatment
- Bone fracture Treatment
- Emergency Care Service
- Trauma or Accident Treatment
Ambulatory surgery Centers Market: Overview
Ambulatory surgery center market is in the growth stage of its life cycle. Ambulatory surgery center market is characterized with higher growth rate owing to rapidly increasing number of service offerings coupled with growing acceptance from consumers. The ambulatory surgery center market is undergoing a wave of changes due to the attempts of ambulatory surgery center players to be up-to-date with latest medical procedures. This is instrumental in driving the growth of global ambulatory surgery center market.
Ambulatory surgery Centers Market: Region-wise Outlook
Depending on geographic regions, the global ambulatory surgery centers market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. The demand for ambulatory surgery center market is high in Europe and Asia Pacific. Ambulatory surgery center market is largely governed by the country’s hospital system and healthcare reforms. For instance, more than half the Indian healthcare expenditure is funded by private companies. Private companies are more inclined towards outpatient medical service than inpatient medical service which is commonly provided by government hospitals. The North America ambulatory surgery center market is forecast to witness stagnant growth rates due to the saturation of outpatient surgery centers and the preference of ambulatory surgery center players to expand in overseas ambulatory surgery center markets.
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Ambulatory surgery Centers Market: Key Players
Some of the key players identified in the ambulatory surgery center market are United Surgical Partners International, Tenet Healthcare, Hospital Corporation of America, Surgery Partners and AmSurg Corporation. These companies are involved in the provisions of surgical and emergency care services for outpatients. Ambulatory surgery center market players are seeking economies of scale by having multiple location facilities. The smaller ambulatory surgery center companies are following the strategy of providing niche services to counter the rivalry from big companies.