As per our research report, the global ambulatory surgical centers market size is anticipated to be growing at a CAGR of 31.25% during the forecast period and was valued at USD 3.06 billion in 2022.
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ASCs are cutting-edge medical facilities where highly trained physicians and nurses perform surgery in fully equipped operating rooms. These facilities primarily serve patients who do not need to be admitted to hospitals. Therapy can be performed outside of the hospital, and the patient can be discharged as soon as the medical procedure is over. Ambulatory surgical centers are excellent for folks who cannot afford high medical expenses. Ambulatory surgical facilities are outpatient surgery centers where patients can have surgery on the same day; they are admitted instead of staying overnight. Diagnostic and preventative treatments are available at these sites. Ambulatory surgical centers perform cataract surgery, skin therapy, minor joint repair, gall balder removal, abdominal hernia repair, and other operations on the same day.
Chronic diseases are becoming more common and expensive, and they are among the most common and costly health issues. It is one of the most common causes of disability and mortality in both developed and emerging economies. Chronic disease rates are rising in the United States and worldwide due to poor diet, excessive alcohol use, tobacco use, lack of physical activity among adults, and a sedentary lifestyle.
The growing geriatric population worldwide is estimated to significantly impact the growth of the global ambulatory surgical centers market.
Due to anatomic and functional changes in the body, the senior population is vulnerable to various diseases. Japan has the most significant life expectancy globally and is one of the countries with the largest geriatric populations. Furthermore, by 2040, people aged 60 and up are predicted to account for almost 43% of Japan’s population. However, the high costs of medical gadgets may limit the market’s growth. Increasing demand for minimally invasive operations, technological advancements in surgical instruments and equipment, and surgeon discretion over equipment selection is further expected to be contributing to the ASC market’s growth. One of the other primary drivers of the ambulatory surgical centers market is the growing burden of surgical procedures on hospitals and healthcare organizations. The need to reduce inpatient surgeries, particularly for simple procedures, and the increasing acceptance of ambulatory surgical centers, are driving the market for ambulatory surgical centers to rise.
The ambulatory surgical centers market is concerned about rising healthcare prices, causing many people not to afford treatment, particularly surgical therapies. As a result, healthcare practitioners have been forced to develop innovative ways to lower the cost of these therapies while maintaining high quality. ASCs are a successful solution in this scenario.
The global ambulatory surgical centers market is further driven by the favorable reimbursement possibilities for services performed by these facilities. In developed countries, ambulatory surgical facilities are appealing for surgical procedures, especially minor ones, due to medical coverage provided by both state-run and commercial healthcare insurance. In addition, most ambulatory surgical facilities do not require a hospital stay and are less expensive than hospital-based surgeries. Finally, governments in developed nations, such as the United States, are focusing on constructing daycare surgery centers, driving the growth of the ambulatory surgical centers market. In addition, these countries’ governments are competing to establish alternative healthcare services to improve patient management and minimize the pressure on public and commercial healthcare institutions.
However, the market expansion is expected to be limited in developing regions such as Africa and South America due to a lack of qualified experts and the presence of multispecialty facilities. During the projection period, an increase in the demand for ambulatory surgical facilities in emerging countries is expected to generate new opportunities. The pandemic of COVID-19 had a significant impact on the market. To prevent community transmission of the COVID-19 disease, many world countries implemented lockdown and postponed non-essential procedures. This critical step resulted in a significant drop in ambulatory visits, significantly harming growth.
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KEY MARKET INSIGHTS:
- Based on the application type, the gastroenterology category accounted for the most significant proportion of the global market in 2021, owing to the extensive presence of gastrointestinal departments worldwide. In addition, there has been an increase in demand for reconstructive surgery due to the ageing population, enhanced surgical safety, and a greater emphasis on physical appearances, which has fuelled the growth of ASCs.
- Based on the component type, as a result of the emergence of complex software, the need for software integration and interoperability, as well as the growing demand for consulting and outsourcing of various healthcare processes like revenue cycle management, EHR management, and fraud detection, the demand for consulting and outsourcing of various healthcare processes such as revenue cycle management, EHR management, and fraud detection has increased.
- Based on the product and service type, the need to control rising healthcare costs and improve the efficiency of healthcare services by reducing medical errors is a significant driver of demand for healthcare provider solutions.
- Geographically, North America is a significant player in the global market for ambulatory surgical centers. The area is a market leader in ambulatory surgical centers due to the rapid adoption of ambulatory healthcare services, including surgical centers, to reduce healthcare costs. In addition, the ambulatory surgical center market in the region is fueled by the increasing strain on hospitals of a rising volume of surgical procedures needing other services. The presence of some of the world’s biggest competitors in the ambulatory surgical center business in the region is another important reason for the region’s higher revenue share.
- The Asia Pacific is emerging as a prominent area in the ambulatory surgical centers market. A large number of patients in developing nations who require surgical treatments for various conditions necessitates the use of a different type of healthcare service. Therefore, the market for ambulatory surgical centers in the region is anticipated to develop.
- Some of the major market participants in the ambulatory surgical centers are Cerner Corporation, McKesson Corporation, Epic Systems Corporation, GE Healthcare, Medical Information Technology Inc., Advanced Data System Corporation, Athena Health Inc., Optum, HST Pathways, DRCHRONO, WRS Health, Compulink Healthcare Solutions, All Scripts Healthcare Solutions Inc., NextGen Healthcare, Philips Healthcare, Medical Information Technology Inc., Curemd, Surgical Information Systems LLC, Davlong Business Solutions, and Amblitel.
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SEGMENTS COVERED UNDER THIS REPORT:
By Specialty:
- Single Specialty
- Multi-specialty
By Component:
- Service
- Software
- Hardware
By Application:
- Ophthalmology
- Orthopedics
- Gastroenterology
- Pain Management/Spinal Injections
- Plastic Surgery
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Browse Regional Reports:
Europe Ambulatory Surgical Centers Market
APAC Ambulatory Surgical Centers Market
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