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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 2024 and 2028. The Ambulatory Surgical Centers (ASC) market is experiencing significant growth due to the increasing number of cataract surgeries being performed in these facilities. Cataract surgery is one of the most common procedures performed in ASCs, and the growing prevalence of cataracts among the aging population is driving demand for these procedures. Furthermore, partnerships and collaborations between hospitals and ASCs are on the rise, enabling the sharing of resources and expertise to improve patient care and reduce costs. However, financial constraints remain a challenge for the ASC market, as these facilities must operate efficiently to remain competitive and profitable. Despite these challenges, the market is expected to continue growing, driven by the benefits of ASCs, including lower costs, shorter wait times, and improved patient outcomes.
Outpatient surgical centers, also known as ambulatory surgery centers, have gained significant popularity in recent years due to their convenience and cost-effectiveness. These centers offer diagnostic procedures and various surgical procedures, including minimally invasive surgeries such as endoscopy and laparoscopy, for minor operations and chronic disorders. The older population and those with chronic diseases benefit greatly from outpatient surgical centers as they often require frequent diagnostic tests and non-invasive operations. Medical bills associated with inpatient surgeries and hospital stays can be substantial. Outpatient surgical centers offer more affordable prices for surgical procedures and emergency care. Mobile surgical procedures allow for greater accessibility to medical care for patients who may have mobility issues.
The healthcare expenditure on surgical procedures and outpatient procedures continues to rise, with self-care employers and government payers seeking cost-effective solutions. Outpatient surgical centers offer a more convenient alternative to hospital procedures, with data management and remote patient monitoring capabilities enabling efficient care and reducing hospitalization. Chronic disorders, including chronic diseases, are a significant driver for the growth of outpatient surgical centers. The geriatric population, in particular, benefits from the convenience and affordability of these centers for managing their healthcare needs. Overall, the market for outpatient surgical centers is expected to grow as the demand for cost-effective and convenient healthcare solutions continues to increase.
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), also known as outpatient surgery centers, have gained significant traction in the healthcare industry due to the increasing preference for minimally invasive treatments and diagnostic procedures. These centers cater to various medical needs, including minor operations, non-invasive surgeries, and diagnostic tests, allowing patients to avoid lengthy hospital stays and reduced medical bills. The market for ASCs is diverse, encompassing mobile surgical procedures, gastroenterology, plastic surgery, dental, otolaryngology, endoscopy, obstetrics, gynecology, ophthalmology, orthopedic, cardiovascular, neurology, podiatry, and multi-specialty centers. Single-specialty centers, which are operated by one or two physicians and focus on a single type of surgery, dominated the global ASC market in 2023.
This segment's dominance is attributed to the growing number of different types of surgeries in such centers, such as endoscopy (27%), ophthalmology (24%), pain related (12%), and plastic surgeries (6%). However, there is a trend for these centers to expand into multi-specialty centers to diversify their risk if one specialty faces reimbursement challenges or the emergence of non-surgical treatments. The older population and chronic disorders have driven the demand for ambulatory surgical centers, as they require frequent diagnostic procedures and treatments. Medical coverage, including private healthcare insurance, plays a crucial role in the affordability and accessibility of these services.
Minimally invasive surgeries, such as laparoscopy, have become increasingly popular due to their reduced recovery time and lower medical expenditure compared to inpatient surgeries. The adoption of surgeon tools and mobile operative systems further enhances the efficiency and convenience of ASCs. In conclusion, the market is expected to witness robust growth during the forecast period, driven by the rising demand for minimally invasive treatments, diagnostic procedures, and the expanding geriatric population.
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The Single-specialty centers segment accounted for 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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Outpatient surgical centers have gained significant traction in the healthcare industry due to the increasing demand for convenient and cost-effective healthcare solutions. These centers specialize in performing outpatient procedures, including emergency care, orthopedics, pain management through spinal injections, and single-specialty clinics for ocular disorders, hernia repair, and colonoscopies. These facilities offer several advantages over traditional hospital stays, such as reduced costs, quicker recovery times, and improved convenience for patients. Physician-owned, hospital-owned, and corporate-owned centers dominate the market landscape. The modality of these centers varies, with some focusing on specific medical technologies like digital tools, healthcare IT solutions, and remote patient monitoring to enhance patient care and data management.
The growing prevalence of non-communicable diseases and ophthalmic conditions necessitates advanced medical technology and expertise, making outpatient surgical centers an essential component of modern healthcare infrastructure. Outpatient procedures for non-emergency conditions, such as cataract surgeries and spinal injections, are increasingly common in these centers. The adoption of advanced medical technology and digital tools has streamlined processes and improved patient outcomes, making outpatient surgical centers a preferred choice for both physicians and patients. The market for outpatient surgical centers is expected to grow significantly due to the increasing patient demand for efficient, cost-effective, and high-quality healthcare services.
Our ambulatory surgical centers market 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.
The number of cataract surgeries performed on an outpatient basis has been increasing due to advancements in technology and surgical techniques, making the procedure more accessible and convenient for patients. The Ambulatory Surgical Centers (ASC) market is witnessing significant growth due to several factors, including the increasing prevalence of chronic disorders and an older population seeking diagnostic procedures and minimally invasive treatments. Outpatient surgery centers have gained popularity for performing non-invasive operations, such as gastroenterology procedures, plastic surgery, and nonsurgical surgeries like endoscopy and ophthalmology. These centers offer cost-effective solutions for various medical bills, making them an attractive option for individuals with medical coverage, including private healthcare insurance. Moreover, the adoption of mobile surgical procedures and mobile operative systems has expanded the reach of ASCs, enabling them to cater to a broader patient base.
The market encompasses multi-specialty and single specialty centers, offering surgeries in various fields, including cardiovascular, neurology, podiatry, orthopedic, and obstetrics and gynecology. Minimally invasive treatments, such as laparoscopy, have become increasingly popular due to their reduced recovery time and lower medical expenditure. Chronic diseases like diabetes, arthritis, and cardiovascular conditions are driving the demand for surgical procedures in ASCs. The geriatric population, in particular, benefits from the convenience and cost savings offered by these centers, making them an essential component of the healthcare ecosystem.
The number of partnerships and collaborations in our organization is continually expanding. We engage in strategic alliances with various entities to broaden our reach and enhance our capabilities. These collaborations contribute to our growth and development in a mutually beneficial manner. The Ambulatory Surgical Centers (ASC) market is witnessing significant growth due to the increasing preference for outpatient surgery centers for diagnostic procedures and minor operations. With the rise in chronic disorders among the older population, there is a growing demand for cost-effective and efficient healthcare solutions. ASCs cater to this need by offering minimally invasive treatments and surgeries, including laparoscopy, endoscopy, and gastroenterology procedures. These centers also provide services for nonsurgical treatments in specialties such as ophthalmology, otolaryngology, and podiatry. The market is driven by various factors, including the increasing healthcare expenditure, the trend towards minimally invasive surgeries, and the growing acceptance of mobile surgical procedures and mobile operative systems.
Additionally, private healthcare insurance and medical coverage are facilitating the growth of this market. Vendors are forming partnerships and collaborations with medical technology companies and end-users to expand their distribution channels and upgrade their product offerings. For instance, in February 2023, United Surgical Partners International collaborated with Providence, a not-for-profit health system, to enhance access to ambulatory surgical services. These strategic initiatives are expected to propel the growth of the market during the forecast period. The ASC market encompasses various specialties, including cardiovascular, neurology, orthopedic, and multi-specialty centers. Some of the common surgical procedures performed in these centers include plastic surgery, dental, obstetrics, and gynecology.
The market caters to a wide range of medical needs, from diagnostic procedures and treatment of chronic diseases to inpatient surgeries and invasive operations. The growing geriatric population and the increasing prevalence of chronic diseases are expected to further fuel the growth of this market during the forecast period.
As a proficient and knowledgeable virtual assistant, I acknowledge the importance of adhering to financial limitations in all professional endeavors. This requirement necessitates careful planning and management of resources to ensure optimal results while remaining mindful of budgetary constraints. Ambulatory Surgical Centers (ASCs), also known as outpatient surgery centers, have gained significant popularity due to their ability to provide diagnostic procedures, non-invasive operations, and minimally invasive treatments for chronic disorders. These centers offer numerous advantages, including lower medical bills, physician control, and faster recovery times for patients. However, they face several challenges, including financial constraints that hinder their ability to offer competitive salaries and benefits to clinical staff and recruit new talent. Additionally, the adoption of advanced technologies, such as mobile surgical procedures and minimally invasive surgeries like laparoscopy, can be costly for ASCs, making it challenging for them to keep up with the latest trends in healthcare.
The older population and those with chronic diseases benefit greatly from the affordable and high-quality services provided by ASCs, which include gastroenterology, plastic surgery, nonsurgical procedures, and multi-specialty services such as orthopedics, cardiovascular, neurology, podiatry, ophthalmology, obstetrics, and gynecology. Despite their cost-effectiveness and quality, ASCs face stiff competition from large hospitals and corporations, making it essential for them to explore innovative solutions to remain competitive. Private healthcare insurance and medical coverage play a crucial role in the growth of ASCs, as they offer more affordable options for patients undergoing minor operations and surgeries. Mobile operative systems and surgeon tools are also becoming increasingly popular in ASCs, offering greater flexibility and convenience for both patients and surgeons.
In conclusion, ASCs play a vital role in the diagnosis and treatment of various chronic diseases for the geriatric population and those requiring minor surgeries. However, financial constraints, the lack of advanced technology, and competition from larger healthcare providers pose significant challenges that ASCs must address to remain competitive in the healthcare industry.
The ambulatory surgical centers 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.
Advanced Data Systems Corp.Our company provides access to advanced ambulatory surgical facilities, including Cedar Park Regional Medical Center. Ambulatory Surgical Centers (ASCs) are healthcare facilities that offer same-day surgical procedures, allowing patients to recover in the comfort of their own homes instead of lengthy hospital stays. These centers are equipped with state-of-the-art technology and highly skilled medical professionals, ensuring the highest quality of care. Cedar Park Regional Medical Center is one such esteemed ambulatory surgical center in our network, dedicated to delivering efficient, cost-effective, and personalized healthcare services.
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 (ASCs), have gained significant popularity in the healthcare industry due to their ability to provide diagnostic procedures and minor operations for chronic disorders without the need for inpatient stays. These centers offer a cost-effective alternative to inpatient surgeries, with medical bills typically lower than those for inpatient procedures. ASCs provide a wide range of surgical procedures, including non-invasive operations, minimally invasive treatments, and even some major surgeries using mobile operative systems. The types of specialties offered at these centers include gastroenterology, plastic surgery, nonsurgical surgeries, ophthalmology, orthopedic, cardiovascular, neurology, podiatry, and more.
The older population and those with chronic diseases are major consumers of outpatient surgical services, and medical coverage through private healthcare insurance is essential for their access to these procedures. Surgeons use advanced surgeon tools and maintain physician control over patient care, ensuring high-quality treatment. ASCs offer various surgical specialties, including gastroenterology, otorhinolaryngology, endoscopy, obstetrics and gynecology, and ophthalmology. Common procedures include laparoscopy, dental, and diagnostic tests. The market for outpatient surgical centers is expected to grow due to increasing healthcare expenditure, an aging population, and the availability of minimally invasive surgeries.
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Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.03% |
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Market growth 2024-2028 |
USD 25.4 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.35 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 56% |
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Key countries |
US, UK, China, Germany, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 |
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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 |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
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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