The Ambulatory Surgical Centers Market was worth US$ 85.4 billion in 2020 and it is anticipated to grow at a 3.9% CAGR from 2021 to 2031 to reach US$ 130.6 billion by 2031.
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The report categorises the global ambulatory surgical centres market by centre type, modality, services speciality area, and region. The global ambulatory surgical centres market is divided into two types: single specialty centres and multispecialty centres.
The rising number of Coronavirus cases as a result of the COVID-19 pandemic has increased hospital demand for external treatment facilities, which is stimulating the global ambulatory surgical centres market outlook. However, high deployment costs and significant infrastructure investments are expected to stifle industry growth throughout the study period.
Key Insights from FMI’s Report on the Ambulatory Surgical Centres Market
- The global ambulatory surgical centre market is being driven by a growing focus on cost containment in healthcare and increased Medicare spending on ASCs.
- The number of outpatient surgeries has increased significantly in recent years, impacting the global market for ambulatory surgical centres. Moreover, over the same time period, a significant portion of outpatient procedures shifted from hospitals to free-standing ambulatory surgical facilities.
- Various entities across the healthcare continuum, including private insurance companies, self-insured employers, and government payers, have implemented meaningful cost-cutting measures over the last decade.
- Leading manufacturers are focusing on establishing manufacturing facilities in emerging markets, which would significantly increase the chances of growth by eliminating import-export hiccups.
Surgical Services Segment Dominates by Service Type
Surgical services segment is estimated to dominate the global ambulatory surgical centres market by service type with higher value share of the market by 2017 end. Surgical services segment is expected to reach US$ 77,664.3 Mn by 2027 end and will grow at a CAGR of 4.2% over the forecast period.
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Gastroenterology Segment is the Most Attractive Segment by Specialty Area
In terms of value share, gastroenterology is expected to dominate the global ambulatory surgical centres market during the forecast period. Over the forecast period, gastroenterology is expected to grow at a CAGR of 4.7%.
Ambulatory Surgical Centres Market: Key Players
Key competitors covered in the report include AmSurg Corp., HCA Holdings, Inc., Tenet Healthcare, Surgical Care Affiliates, Inc., Ambulatory Surgical Centers of America, Surgery Partners, Medical Facilities Corporation, Healthway Medical Group and Community Health Systems, Inc.
North America Will Continue to Grow at an Exponential Rate
FMI examined the market for ambulatory surgical centres in seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). North America is expected to dominate the market value share for ambulatory surgical centres, reaching US$ 61,588.4 Mn by the end of 2027. Western Europe is expected to have the second largest market value share, followed by APEJ. Over the forecast period, North America and Europe are expected to account for more than 82% of the market. MEA is expected to be the least appealing region in the global market for ambulatory surgical centers.
Hospital-Based Ambulatory Surgical Centre Segment Accounts for Higher Market Demand
The hospital-based ambulatory surgical centre segment is expected to dominate the global ambulatory surgical centres market in 2017 with a 59.5% value share. The hospital-based ambulatory surgical centre segment is expected to reach US$ 69,700.4 Mn by 2027 end, growing at a CAGR of 4.4% during the forecast period.
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Multispecialty Centres Segment is the Most Lucrative Segment
Multispecialty centres segment is estimated to dominate the ambulatory surgical centres market by product type with 65% value share of the market by 2017 end. Multispecialty centres segment is expected to reach US$ 76,028.6 Mn by 2027 end and will grow at the fastest CAGR of 4.4% over the forecast period.
Ambulatory Surgical Center by Category
By Centers Type:
- Single Specialty Centers
- Multispecialty Centers
By Modality:
- Hospital-Based Ambulatory Surgical Center
- Freestanding Ambulatory Surgical Center
By Services:
- Diagnostic Services
- Surgical Services
By Specialty Area:
- Gastroenterology
- Ophthalmology
- Orthopaedics
- Pain/Neurology
- Urology
- Dermatology
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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