The US ambulatory surgical centers market size is estimated to reach USD 58.85 billion by 2028, expanding at a CAGR of 6.9% during the projected timeframe. The market value reached USD 34.73 billion in 2020 and rose to USD 36.96 billion in 2021. The market growth in the forthcoming years will be driven by the growing popularity of ambulatory surgical centers across the U.S. The volume of surgical procedures performed across these centers has increased significantly over the past decade. According to data from the Medicare Payment Advisory Commission and VMG Health, nearly 60% of all outpatient surgical procedures were carried out in ASCs in 2019, compared to about 48% in 2010. Fortune Business Insights™ provides this information in an upcoming report titled “U.S. Ambulatory Surgical Centers Market, 2021-2028.”
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Ambulatory surgical centers (ASCs) are modern outpatient healthcare facilities that offer same-day surgical services, including diagnostic and preventive services. These facilities offer cost-effective services and a convenient environment as compared to traditional hospitals. Orthopedics, ophthalmology, dermatology, urology, gastroenterology, and pain management are some of the typical specialties served in ASCs. Government investments in ASCs across the U.S. are gaining momentum as they help cut down healthcare costs significantly. The number of ambulatory surgical centers across the country is slated to rise considerably over the next few years.
Drivers & Restraints-
Growing Consumer Inclination towards ASCs to Aid Market Growth
Consumer preference in the U.S. is gradually shifting from hospitals to ASCs for surgical procedures, which is driving the US ambulatory surgical centers market growth. Consequently, the number of ASCs across the country has increased significantly over the last few years. The popularity of ASCs can be attributed to benefits such as shorter stays, cost-effective procedures, lower risk of infections, faster recovery, and availability of innovative technologies. Significant investments from the government toward developing new ASCs could be witnessed in the forthcoming years.
However, lack of overnight facilities and contingency planning could impact the market growth slightly.
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Decline in Non-Essential Surgeries amid COVID-19 to Slow Down Market Growth
The growth has been affected negatively in 2020 due to disruptions caused by the novel COVID-19 pandemic. The number of surgeries performed in ASCs dropped significantly owing to lack of healthcare workers, increased risk of COVID-19 transmissions, and procedural prioritization. Furthermore, in April 2020, the Centers for Medicare & Medicaid Services (CMS) recommended the postponement of non-essential surgeries and other procedures to control the spread of coronavirus infections. However, the migration of patients from hospitals to ASCs has benefited the market outlook.
US Ambulatory Surgical Centers Market Segmentation:
By Type of Center
- Single-specialty
- Multi-specialty
By Ownership
- Physician-owned
- Hospital-owned
- Corporate-owned
By Application
- Diagnostic Services
- Surgical Services
By Region
- West U.S.
- South U.S.
- Middle West U.S.
- Northeast U.S.
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List of Key Players Profiled in the US Ambulatory Surgical Centers Market:
- AMSURG (Kohlberg Kravis Roberts & Co. L.P.) (Nashville, U.S.)
- H. Medical (Dallas, U.S.)
- Surgery Partners (Nashville, U.S.)
- SurgCenter (Towson, U.S.)
- Surgical Care Affiliates (Deerfield, U.S.)
- HCA Healthcare (Nashville, U.S.)
- Physicians Endoscopy, LLC (Jamison, U.S.)
- Covenant Physician Partners, Inc. (Nashville, U.S.)
- Constitution Surgery Alliance (Avon, U.S.)
- ASD Management (Dallas, U.S.)
- Medical Facilities Corporation (Toronto, Canada)
Table of Content
- Introduction
- Market Scope
- Market Segmentation
- Market Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- US ambulatory surgical centers market Drivers
- Market Restraints
- US ambulatory surgical centers market Opportunities
- US ambulatory surgical centers market Trends
- Key Insights
- Growth in Number of Ambulatory Surgical Centers
- Growth in Number of Ambulatory Surgical Centers by Major Corporate Groups
- Growth in Number of Surgeries Conducted in Ambulatory Surgical Centers
- Single-specialty and Multi-Specialty Ambulatory Surgical Centers Revenue Breakdown, 2020
- Top 10 Surgical Procedures at Ambulatory Surgical Centers, 2018
- Average Price of Selective Procedures – ASCs versus HOPDs
- Average Cost of Selective Procedures – ASCs versus HOPDs
- Impact of COVID-19 on the Market
- S. Ambulatory Surgical Centers Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type of Center
- Single-specialty
- Multi-specialty
- Market Analysis, Insights and Forecast – By Ownership
- Physician-owned
- Hospital-owned
- Corporate-owned
- Market Analysis, Insights and Forecast – By Application
- Diagnostic Services
- Surgical Services
- US ambulatory surgical centers market Analysis, Insights and Forecast – By Region
- West U.S.
- South U.S.
- Middle West U.S.
- Northeast U.S.
- Competitive Analysis
- S. Market Share Analysis (2020)
- Company Profiles (Overview, Products & Services, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability))
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