U.S. Ambulatory Surgical Centers Market

U.S. Ambulatory Surgical Centers Market is valued at USD 34.5 Billion in 2021 and is expected to reach USD 52.1 Billion by 2028 with a CAGR of 6.08% over the forecast period.

U.S. Ambulatory Surgical Centers Market: Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2029: Shifting preference toward ASCs, the presence of a favorable reimbursement scenario, and rising occurrence of chronic disorders are some of the major factors driving the growth of the U.S. Ambulatory Surgical Centers Market.

Scope-

Ambulatory surgical centers, or ASCs, are places where non-hospitalized procedures are conducted. ASCs provide more cost-effective solutions and a more accessible, less stressful setting than several hospitals. Patients who opt to have treatment in an ASC come on the day of their treatment, have their procedure in a fully equipped operation theatre, and recuperate under the supervision of highly capable nurses, all deprived of the requirement for hospitalization. Whether they are young or elderly or in between, the patients and their families benefited from the comforting atmosphere ASCs provide. ASCs may conduct surgery in many areas or specialize in one, such as sports medicine or eye care.

COVID-19's Impact-

The need for ambulatory surgical facilities increased in the latter stages of the epidemic. Patients favored ambulatory surgical facilities over hospitals owing to decreased infection risk and operation costs. According to National Medical Billing Services, ambulatory surgical facilities now conduct 60% of all procedures in the United States. Ambulatory surgical facilities were critical in the pandemic's final stages.

Ambulatory surgical centers are becoming more popular, making them an appealing purchase for hospitals. In addition, if you are looking for a new job, you might consider becoming a paramedic. Hospitals and ambulatory surgical facilities are also partnering.

Key Players-

The prominent players operating in this industry are -

• Tenet Healthcare Corporation
• Envision Healthcare Corporation
• TeamHealth
• Mednax Services Inc.
• Quorum Health
• UnitedHealth Group
• Community Health Systems Inc.
• Surgery Partners
• Prospect Medical Systems
• SurgCenter
• Edward-Elmhurst Health
• others 

Segmentation-

By Center Type

• Single Specialty
• Multi Specialty 

By Surgery Type

• ENT/Otolaryngology
• Gastroenterology
• General Surgery 
• Orthopedics/Sports Medicine 
• Pain Medicine 
• Plastic Surgery 
• Other

By Owner Type

• Physician Owned 
• Hospital Owned
• Corporate Owned

Market Drivers-

Shifting preference toward ASCs:

The move from in-hospital to out-of-hospital surgical procedures is propelling market expansion. Over the last decade, the number of surgical operations performed in ambulatory surgery facilities has increased significantly. Due to reasons such as modern technology, shorter stays, lower infection risks, and cost-effective surgical procedures, a big number of patients select these healthcare facilities for different operations.

The majority of the time, a person's life is influenced by the environment they live in. ASCs' popularity may be ascribed to perks like as shorter stays, less expensive operations, decreased infection risk, quicker recovery, and the accessibility of cutting-edge technology. Significant government investments in the development of new ASCs are expected in the future years.

Favorable Reimbursement Scenario:

Ambulatory surgical center services are covered by Medicare in the United States in line with the Centers for Medicare & Medicaid Services regulation. According to CMS, the ASC payment group is designated in the United States for determining payment rates for ambulatory surgical center services. In addition to service compensation, CMS maintains a value-based buying program for these facilities that reimburses providers based on patient outcomes.

The US government recognizes the importance of ASCs in healthcare and is launching steps to assure adequate reimbursement, which is fuelling market development. For example, in January 2022, CMS changed Medicare reimbursement eligibility by eliminating mandatory inpatient treatment requirements for ambulatory surgical facilities, enabling coverage for outpatient services.

Chronic Disorders Are Becoming More Common:

The ambulatory surgical center market is predicted to increase steadily due to the exponential increase in healthcare costs over the previous decade, which has resulted in shifting healthcare practices. Furthermore, the rising prevalence of chronic diseases necessitating routine minor operations that are done in ambulatory settings is a key driver of the ambulatory surgery center industry. The increased burden of surgical operations on healthcare organizations and hospitals is a main factor of the ambulatory surgical center industry. The increased acceptability of ambulatory surgical centers, as well as the desire to minimize inpatient operations, are pushing the market for ASCs to expand.

Chronic diseases are becoming more common as the aging population grows. As stated by the Centers for Disease Control and Prevention (CDC), one in every ten individuals in the United States suffers from an acute condition. Due to weakened immunity, the older population is more sensitive to acute illnesses and other diseases. As a result, the high prevalence of acute diseases, along with an aging population, will drive the growth of treatment facilities such as ambulatory surgery centers.

Orthopedics is the most common operation done in multispecialty ASCs. Multispecialty ASCs do about 68% of all orthopedic operations. As per the Becker ASC Review, ASCs accounted for approximately 68% of orthopedic procedures performed in the United States. The inclusion of more sophisticated operations such as complete hip replacement under ASC coverage by CMS is likely to enhance interest for orthopedic surgery in the ASC environment.

Market Restraints-

Disadvantages Associated With ASCs to Limit the Market Growth

Over the last decade, a sizable proportion of the patient populace of the United States has favored outpatient surgery facilities for surgical operations. However, many drawbacks of ASCs are projected to restrain market development throughout the forecast period. These drawbacks include a shortage of overnight accommodations, problems and crises after specific surgeries, and no contingency measures. Some surgical techniques may require patients to be transferred from ambulatory surgery centers to local hospitals due to issues or problems. As a result, some patients choose hospitals for surgical operations.

News-

ERDMAN and Aestique collaborate on a new ambulatory surgical center

On November 21st, 2022; Aestique's new Ambulatory Surgical Center in Greensburg, Pennsylvania, was just broken ground by ERDMAN, a major figure in medical and senior care planning, construction, design, and development of real estate. Aestique officials commissioned ERDMAN to plan, construct, and build a new 14,500-square-foot state-of-the-art surgical facility to promote outstanding care delivery. This project is projected to be completed by 2023 end.

Force Therapeutics has been chosen to improve care delivery in ambulatory surgical centers

On June 17^th, 2022; Force Therapeutics revealed, that Constitution Surgery Alliance (CSA), an organization of 21 ambulatory surgical clinics across the Northeast, would use its digitized care management solution to decrease cost and quality variance for all total hip replacements and spine operations. The Force Therapeutics platform provides video-based instruction and virtual physical therapy, as well as real-time progress notifications to physicians for monitoring of patients' rehabilitation.

Bhatti GI Celebrates the Start of Construction on a New Ambulatory Surgery Center

On July 13^th, 2022; Bhatti GI Consultants is adding a new medical building to the Fairview Southdale healthcare site in Edina, Minnesota. Bhatti GI collaborated with MSP Industrial to rehabilitate a 0.7-acre site, replacing an old 1970s office tower with inefficient systems, restricted ceiling heights, and infrastructural issues with a new 3-story medical facility.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2021:	USD 34.5 Billion
Base year considered	2021
Forecast Period CAGR %:	6.08%
Market Size Expected in 2028:	USD 52.1 Billion
Tables, Charts & Figures:	175
Pages	300
Companies	Tenet Healthcare Corporation, Envision Healthcare Corporation, TeamHealth, Mednax Services, Inc., Quorum Health, UnitedHealth Group, Community Health Systems, Inc., Surgery Partners, Prospect Medical Systems, SurgCenter, Edward-Elmhurst Health, and others
Segments Covered	By Center Type, By Surgery Type, By Owner Type
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa