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The ambulatory surgical centers market size is forecast to increase by USD 25.4 billion at a CAGR of 6.03% between 2023 and 2028. The ambulatory surgical centers (ASC) market is witnessing significant growth due to several key trends. The increasing prevalence of chronic disorders and the older population's preference for non-invasive operations and diagnostic procedures have led to a wave in outpatient surgeries. Additionally, financial constraints have encouraged patients to opt for cost-effective treatments at ASCs instead of inpatient surgeries. Mobile surgical procedures and partnerships and collaborations between healthcare providers and insurers are also driving market growth. However, medical bills and regulatory compliance remain challenges for ASCs, necessitating the adoption of advanced technologies and efficient operational processes. Overall, the market for ambulatory surgical centers in the US is expected to continue its strong expansion, providing numerous opportunities for stakeholders.
Outpatient surgery centers, also known as ambulatory surgical centers (ASCs), have gained significant traction in the US healthcare landscape. These centers specialize in performing diagnostic procedures and minor surgeries, including minimally invasive procedures like endoscopy and laparoscopy, without the need for hospital stay. Outpatient surgical centers cater to various chronic disorders and chronic diseases, particularly among the older population. The convenience of outpatient surgical centers has led to a shift from inpatient surgeries and hospital procedures, resulting in lower medical bills for patients. The rise in chronic diseases and the geriatric population has fueled the demand for these centers.
Moreover, the outpatient procedures, such as emergency care, have become increasingly popular due to the cost savings and quicker recovery times. ASCs offer a range of surgical procedures, including non-invasive operations and mobile surgical procedures. The use of technology, such as data management and remote patient monitoring, has streamlined operations and improved patient care. Self-care employers and government payers have also shown support for outpatient surgical centers due to their cost-effectiveness. The healthcare expenditure on surgical procedures is expected to grow, making outpatient surgical centers an attractive option for patients seeking affordable and efficient healthcare solutions. Physicians are increasingly opting to perform procedures in outpatient settings, further expanding the market's reach.
Overall, the outpatient surgical centers market is poised for growth, offering a cost-effective and convenient alternative to traditional hospital procedures.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The single-specialty centers segment is estimated to witness significant growth during the forecast period. Ambulatory Surgical Centers (ASCs) are healthcare facilities that specialize in providing outpatient surgical services. Single-specialty ASCs, which are operated by one or two physicians and focus on a specific type of surgery, accounted for a significant market share in the global ambulatory surgical centers landscape in 2023. This dominance can be attributed to the increasing popularity of minimally invasive treatments and the growing number of surgical procedures in these centers. Some common surgeries performed in single-specialty ASCs include endoscopies (approximately 27%), ophthalmology procedures (around 24%), pain-related surgeries (approximately 12%), and plastic surgeries (around 6%). To mitigate risks associated with reimbursement changes or the emergence of non-surgical treatments, single-specialty ASCs are increasingly exploring the option of expanding into multi-specialty centers.
In addition, the adoption of advanced surgeon tools and mobile operative systems is a key trend driving growth in the market. This includes specialized centers for gastroenterology, dentistry, otolaryngology, and nonsurgical procedures such as dermatology and radiology. Private healthcare insurance coverage continues to play a crucial role in the growth of the market, enabling more patients to access affordable and efficient surgical care outside of traditional hospital settings.
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The single-specialty centers segment was valued at USD 42.80 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 56% 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.
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In the United States, the Ambulatory Surgical Centers (ASC) market is witnessing significant growth due to several factors. The presence of a large population covered by private healthcare insurance and the increasing preference for minimally invasive treatments are key drivers. Furthermore, the availability of advanced surgeon tools and the physician's control over patient care have made ASCs an attractive alternative to traditional hospitals. The ASC market in North America is anticipated to expand at a steady pace during the forecast period. This growth can be attributed to the increasing number of ASCs, the presence of major market players, and stringent regulations enforced by government bodies.
For instance, the aging population and the rising prevalence of chronic conditions like diabetes are fueling the demand for specialized treatments, particularly in areas such as gastroenterology, plastic surgery, and nonsurgical procedures. According to the Centers for Disease Control and Prevention (CDC), the number of diabetic retinopathy cases in the US is projected to reach 14.6 million by 2050. This increasing risk, coupled with the growing geriatric population, is expected to boost the demand for ophthalmology diagnoses and, subsequently, the growth of ophthalmic ASCs in the region. Moreover, technological advancements, such as mobile operative systems, are revolutionizing the ASC landscape, making procedures more accessible and convenient for patients.
Moreover, this trend is particularly prominent in dental and otolaryngology procedures, where mobile ASCs are increasingly being used to provide care in remote locations. Endoscopy, another key area of focus, is also benefiting from the adoption of advanced technologies, enabling minimally invasive procedures and faster recovery times. Overall, these factors are expected to contribute to the growth of the North American ASC market during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing cataract ambulatory surgeries is the key driver of the market. The outpatient surgery centers market is experiencing significant growth due to the increasing number of diagnostic procedures and minor operations being performed in these facilities. Cataract surgeries and tonsillectomies are prime examples of high-volume procedures carried out in ambulatory surgical centers (ASCs) worldwide. In developed countries like those in the OECD, over 90% of cataract surgeries are performed on an outpatient basis. Similarly, tonsillectomies, a common surgical procedure for children with chronic tonsillitis or breathing issues, account for approximately 38% of all such surgeries. The older population also contributes to the market growth, as they often require non-invasive operations and diagnostic procedures that can be performed in an ASC setting. Medical bills for inpatient surgeries are significantly higher, making outpatient surgeries a more cost-effective option for patients, especially those with medical coverage. Mobile surgical procedures are also gaining popularity, allowing for greater accessibility and convenience for patients.
An increasing number of partnerships and collaborations is the upcoming trend in the market. The outpatient surgery market in the United States is experiencing significant expansion due to an increasing number of collaborations and partnerships among companies. These strategic alliances enable providers to expand their reach and enhance their offerings. For example, in February 2023, United Surgical Partners International joined forces with Providence, a leading not-for-profit health system, to enhance access to ambulatory surgical services. This trend is expected to continue, as companies seek to broaden their distribution networks and update their product lines. Diagnostic procedures, non-invasive operations, and minor surgeries are among the most common procedures performed in outpatient surgery centers. The older population and those with chronic disorders are major consumers of these services, making medical coverage a crucial factor. Mobile surgical procedures are also gaining popularity due to their convenience and cost-effectiveness. Overall, the market for ambulatory surgical centers in the US is poised for strong growth, driven by these trends and the increasing demand for efficient, affordable healthcare solutions.
Financial constraints is a key challenge affecting the market growth. Outpatient surgery centers, or Ambulatory Surgical Centers (ASCs), face significant financial challenges that hinder their ability to provide incentives and growth opportunities to clinical staff. These financial constraints also pose challenges in recruiting new clinicians with equivalent talent and dedication. The integration of advanced technologies, such as robots in healthcare, is becoming increasingly common among hospitals. However, the high cost of such technology may soon become an expectation among younger surgeons, posing a challenge for ASCs. Despite offering lower prices and high-quality services, ASCs face stiff competition from large hospitals due to their financial limitations. The older population, who often require diagnostic procedures and non-invasive operations for chronic disorders, heavily rely on ASCs for affordable and convenient healthcare solutions. Medical bills remain a concern for many patients, making it essential for ASCs to find ways to manage their finances effectively while maintaining the highest standards of care.
The market forecasting 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 market growth analysis strategies.
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 market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Outpatient surgery centers, also known as ambulatory surgical centers, have gained significant popularity in the US healthcare landscape due to their convenience and cost-effectiveness. These centers specialize in performing diagnostic procedures and minor operations that do not require an overnight hospital stay. The rise in chronic disorders among the older population and the increasing demand for minimally invasive treatments have fueled the growth of this market. Outpatient surgical centers offer a wide range of specialties, including gastroenterology, plastic surgery, ophthalmology, orthopedics, cardiovascular, neurology, podiatry, and more. Diagnostic procedures such as endoscopy, colonoscopy, and spinal injections are common in these centers.
Moreover, the medical bills for outpatient procedures are generally lower than inpatient surgeries due to the absence of hospital stays. Private healthcare insurance and medical coverage often cover outpatient surgical procedures, making them an attractive option for patients. Advancements in medical technology have enabled the use of mobile surgical procedures and mobile operative systems, expanding the reach of outpatient surgical centers. Surgeons use advanced tools and techniques, such as laparoscopy, to perform minimally invasive surgeries. Physician control, data management, remote patient monitoring, and healthcare IT solutions are essential components of outpatient surgical centers, ensuring efficient and effective patient care. The market for outpatient surgical centers is expected to grow due to the increasing patient demand for convenient and cost-effective surgical options, particularly for non-communicable diseases and ophthalmic conditions.
Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.03% |
Market growth 2024-2028 |
USD 25.4 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.35 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 56% |
Key countries |
US, UK, China, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Data Systems Corp., Community Health Systems Inc., eClinicalWorks 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., United Health Group Inc., and Veradigm LLC |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market 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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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