Global Ambulatory Surgical Centers Market is valued at USD 72.89 Billion in 2018 and expected to reach USD 112.53 Billion by 2025 with the CAGR of 6.4% over the forecast period.
Ambulatory surgical centers or ASCs are the facilities where surgeries that do not require hospital admission are performed. ASCs deliver cost-effective services and a convenient environment that is less stressful than what many hospitals can offer. Patients who choose to have surgery in an ASC, attain on the day of their procedure; have their surgery in a fully prepared operating room and recover under the care of highly skilled nurses and its all without hospital admission. Whether they are young or old or somewhere in between, patient and their families benefit from the comfortable environment ASCs offer. ASCs may perform surgeries in several specialties or offer their services to one specialty, such as eyecare or sports medicine.
Global ambulatory surgical centers market report is segmented on the basis of type, specialty, treatment and regional & country level. Based on type, global ambulatory surgical centers market is classified as hospital-based ambulatory surgery centers, and free-standing ambulatory surgery centers. Based upon specialty, global ambulatory surgical centers market is classified into single specialty centers and multi-specialty centers. In single specialty centers the market is sub segmented into ophthalmology, orthopedics, gastroenterology, pain management and others. Based upon treatment, global ambulatory surgical centers market is classified as laceration treatment, bone fracture treatment, emergency care service, trauma or accident treatment, and others.
The regions covered in this Global Ambulatory Surgical Centers market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of ambulatory surgical centers is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global ambulatory surgical centers market report covers prominent players like EBOS Group Limited, IntergraMed America Inc., Nueterra Capital, Aspen Healthcare, Medical Facilities Corporation, Tenet Healthcare Corp, AmSurg Corporation, United Surgical Partners International, HealthCare Appraisers, Inc., Surgery Partners and others.
Rising ageing population, increasing prevalence of chronic diseases, surge in healthcare costs and advancements in technology are some of the major factors driving the growth of the market. According to the Ambulatory Surgery Center Association (ASCA), procedures performed in ASCs are around 50.0% cheaper than Hospital Outpatient Department (HOPD). The significant cost reduction in the diagnosis, surgical procedures and preventive treatment are also expected to promote the utility of ambulatory surgery centers in the forecast period. However, lack of professionals and reimbursement issues may restrain the growth of market. Moreover, growth of big multi-service ambulatory care centers and increased healthcare investments will surge the opportunity for the market growth in the near future.
North America dominates the ambulatory surgical centers market. This can be credited to quick acceptance of technologically advanced products, government initiatives and M&A activities in this region. For instance: In January 2017, Envision Healthcare acquired Sunshine Radiology, LLC. This acquisition increased the company’s capacity to provide services to over 80 healthcare ambulatory facilities and more than 55 hospitals in Florida.
Asia Pacific is expected to be the fastest-growing economy during the forecast period. Increasing healthcare expenditure due to rising prevalence of chronic diseases and growing cases of hospital readmissions have encouraged the expansion of outpatient centers. In January 2015, Sanofi acquired 20% stake of Apollo Sugar Clinics (diabetes care clinic) in India for USD 15.0 million. The government of China encouraged the use of mobile apps to decrease long waiting lines at outpatient centers as apps provide online appointment and payment systems.
By Regional & Country Analysis:
Rest of Middle East and Africa