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The ambulatory surgical centers market size is estimated to increase by USD 23.18 billion and grow at a CAGR of 5.81% between 2022 and 2027.The expansion of the market is contingent upon various factors, including the rising prevalence of cataract ambulatory surgeries, the increasing incidence of chronic diseases, and the surging demand for cosmetic procedures. Challenges encompass financial constraints, ambiguous regulatory compliances, and the availability of substitutes. These factors intricately influence the market's size and trajectory, necessitating strategic maneuvers to navigate obstacles and seize opportunities. Addressing financial limitations, clarifying regulatory standards, and innovating to overcome substitute offerings are imperative for sustained growth and efficacy within the ambulatory healthcare sector. As demand for efficient and accessible healthcare solutions persists, adept management of challenges will be instrumental in shaping the market's evolution and meeting the evolving needs of patients and healthcare providers.
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This ambulatory surgical centers market report extensively covers market segmentation by type (single-specialty centers and multi-specialty centers), modality (hospital-affiliated ASCs and freestanding ASCs), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of Ambulatory Healthcare Service Market trends, drivers, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market share growth by the single-specialty centers segment will be significant during the forecast period. The single-specialty center segment dominated the global ambulatory surgery center market by type in 2022. Due to the increasing number of different types of surgeries in such centers, it is expected to maintain its dominance during the forecast period.
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The single-specialty centers segment was valued at USD 41.52 billion in 2017 and continued to grow until 2021. Operating costs are also reduced by limiting equipment purchases, helping centers to invest when needed. Moreover, the unique combination of locations combined with the development of ASCs to address common demographic-based problems has made a single specialty ASC a highly successful operation. Such advantages will drive the growth of the segment and the market on which it is focused during the forecast period.
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North America is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America dominated the global market in 2022. The ASC market in North America is expected to grow during the forecast period due to the increasing number of ASCs, the presence of major vendors, and strict regulation by government agencies. For example, 174 Medicare-approved ASCs opened in 2020, bringing the total number of ASCs to 5,930 in 2020, an increase of about 1.9% from 2019 to 2020. A growing geriatric population and chronic diseases such as diabetes contribute to the increasing prevalence of eye diseases. As the risk of diabetic retinopathy is expected to increase with age, the growing geriatric population is expected to contribute to the sharp increase in demand for ophthalmic diagnostics in this region, resulting in annual ophthalmic ASCs.
The operating room is a pivotal component of outpatient surgical centers, catering to a growing older population facing chronic diseases. As medical coverage and healthcare expenditure rise, patients seek alternatives to costly hospital stays and procedures. Physicians play a crucial role in delivering quality care in outpatient settings, performing a variety of surgeries, from minor operations to minimally invasive procedures like endoscopy and laparoscopy. With a focus on convenience, outpatient centers accommodate emergency care needs while partnering with self-care employers and government payers. Data management and remote patient monitoring enhance patient outcomes and facilitate efficient healthcare delivery, addressing the evolving needs of patients and healthcare systems alike.
The surge in outpatient cataract surgeries is a major driver of market growth. Cataract and tonsillectomy procedures are primarily performed in ambulatory surgical centers (ASCs) worldwide. In most OECD countries, over 90% of cataract surgeries are outpatient, and 38% of tonsillectomies are also performed as outpatient procedures. These factors fuel market growth.
Furthermore, the rising prevalence of chronic diseases like cancer, cardiovascular conditions, and neurological disorders is expected to boost the demand for ASCs, thereby propelling market expansion. Globally, cancer cases are projected to increase from 16.5 million to 21.3 million between 2017 and 2025. This high disease incidence will drive the need for healthcare facilities with ASCs, contributing to the growth of the market.
The market share is significantly propelled by the increasing number of partnerships and collaborations. These alliances are expected to fuel market growth in the forecast period, as vendors adopt strategies like collaborating with end-users and medical device firms to enhance distribution channels and augment their product portfolios. For instance, in February 2023, United Surgical Partners International partnered with Providence, a nonprofit health system, to enhance ambulatory surgical services accessibility. Similarly, in May 2021, Surgery Partners joined forces with UCI Health to expand community access to ambulatory surgery facilities, contributing to market growth.
In addition, key market players primarily focus on diverse growth strategies, including the introduction of new products to expand their market presence and gain a larger share. With both international and local players in the market, new product launches empower companies to bolster their product offerings and diversify, thereby driving market growth in the forecast period.
Financial constraints and limited resources pose significant challenges to the market's growth in ambulatory surgical centers (ASCs). ASCs struggle to provide competitive incentives to clinical staff and face difficulties in recruiting skilled clinicians due to budget constraints. Additionally, the rising adoption of expensive technologies like robotics in healthcare creates a competitive disadvantage for ASCs, particularly among younger surgeons who seek specialized training.
Moreover, stringent regulatory requirements and safety testing imposed by regulatory bodies, notably the FDA, make it difficult for new surgical devices to enter the market swiftly. Class II and Class III medical devices must undergo an extensive, time-consuming, and costly approval process, with complications leading to product removal. These regulatory hurdles also impact the growth of the ambulatory surgical centers market in the forecast period.
The ambulatory healthcare service market analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ALLSCRIPTS HEALTHCARE SOLUTION INC: The company owns different ambulatory surgical centers such as Allscripts Sunrise Ambulatory Care.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The market is witnessing remarkable growth driven by various factors. With an aging population and increasing prevalence of chronic disorders, there's a surge in demand for minimally invasive treatments and outpatient surgeries. These centers offer a wide range of diagnostic procedures and surgical treatments, including plastic surgery, endoscopy, and orthopedic procedures like knee and hip replacements. The market comprises hospital-based and freestanding centers, catering to diverse medical needs. Surgeon tools and advanced medical technology enhance surgical precision, while healthcare IT solutions facilitate data management and remote patient monitoring. With a focus on convenience and cost-effectiveness, ambulatory surgical centers play a pivotal role in modern healthcare delivery, meeting patient demand for efficient and accessible medical services while addressing a spectrum of ophthalmic conditions and non-communicable diseases.
Further, the market is witnessing significant growth due to several factors. ASCs, also known as outpatient surgery centers, provide a wide range of surgical procedures, from minor operations to minimally invasive surgeries like laparoscopy. With a focus on convenience and cost-effectiveness, ASCs cater to the needs of an aging population seeking outpatient treatments for various medical conditions. These centers offer specialized care in areas such as gastroenterology, ophthalmology, orthopedics, and neurology, among others. With the rise in medical bills and healthcare expenditure, ASCs provide an alternative to traditional inpatient surgeries, offering quality treatment at lower costs. With increasing demand for surgical procedures, including knee and hip replacements and pain management interventions like spinal injections, ASCs play a crucial role in modern healthcare delivery, supported by digital tools and physician-led care models.
The sector is witnessing notable evolution, driven by diverse factors. ASCs, including Hospital-Based and Freestanding centers, offer a spectrum of services ranging from mobile surgical procedures to non-invasive operations. With an aging population, ASCs cater to increasing demands for specialized care, addressing medical conditions such as ocular disorders and hernia repair. These centers also provide emergency care and outpatient facilities, offering convenience and cost-effectiveness compared to traditional hospital settings. Supported by private healthcare insurance and government payers, ASCs play a vital role in healthcare delivery. Physician-owned, hospital-owned, and corporate-owned ASCs ensure a diverse landscape, enabling physician control and collaboration. With a focus on quality and affordability, ASCs are pivotal in addressing healthcare needs, including knee and hip replacement surgeries and colonoscopies, while accommodating self-care employers and diverse patient demographics.
Ambulatory Surgical Centers Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.81% |
Market growth 2023-2027 |
USD 23.18 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.05 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 51% |
Key countries |
US, UK, Germany, China, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Data Systems Corp., ALLSCRIPTS HEALTHCARE SOLUTION INC., Community Health Systems Inc., eClinical Works LLC, Envision Healthcare, GE Healthcare Technologies Inc., Healthway Medical Corp. Ltd., McKesson Corp., NextGen Healthcare Inc., NorthShore University HealthSystem, Oracle Corp., Pediatrix Medical Group Inc., Pinnacle Surgery Center LLC, Prospect Medical Holdings Inc., SurgCenter, Surgery Partners Inc., Surgical Information Systems LLC, TeamHealth, Tenet Healthcare Corp., and UnitedHealth Group Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our Market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Modality
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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