The global ambulatory surgical centers (ASCs) market has achieved substantial growth, reaching USD 96.5 billion in 2023 and expected to expand to USD 150.6 billion by 2033, demonstrating a steady compound annual growth rate (CAGR) of 4.5% over the forecast period. This growth is driven by the inherent benefits of ASCs in maximizing efficiency, reducing unnecessary services, and lowering treatment costs compared to traditional inpatient settings.
ASCs, also known as outpatient surgical centers, offer a cost-effective alternative for a wide range of medical procedures, benefiting managed care companies, self-insured employers, and government payers. The streamlined operational model of ASCs allows for reduced overhead, administrative expenses, and facility development costs compared to hospitals, translating into lower procedure costs for patients and healthcare payers.
The increasing demand for ASCs is a testament to their ability to provide efficient and affordable healthcare solutions. As the healthcare industry continues to evolve, ASCs are playing a pivotal role in delivering patient-centered care while reducing the overall financial burden on patients and healthcare systems.
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The ASCs offer adequate treatments to cure illnesses, along with providing many facilities including reimbursement policies and insurance options. Thus, providing a cost-effective treatment to patients, lower than the expenses incurred at hospitals.
At ASCs, physicians are in a better position to control expenses and patient experience. By concentrating on one specialty and owning the equipment, it becomes easier for healthcare providers to schedule procedures and run an operating room efficiently. Therefore, more physicians are opening up ASCs to cater to the growing demand for surgical procedures. Going forward, the ambulatory surgical centers market is being governed by the research and development activities initiated by key players for the advancement of the market.
Key Takeaways from the Ambulatory Surgical Centers Market:
- The U.S. market is predicted to maintain its prominent position over the forecast period as well, and reach US$ 73.5 billion by 2033. The market is predicted to record a CAGR of 4.5% from 2023 to 2033.
- In Asia Pacific, Japan is estimated to attain US$ 5.7 billion by 2033. The market valuation of Japan is significant than China, which attained US$ 5.3 billion in the same year.
- However, the growth of the market in China is projected to be 5% CAGR, greater than the 2.4% CAGR estimated for the market in Japan.
- Over the forecast period, the surgical services segment is projected to emerge as the leading service, recording a CAGR of 4.6%.The
- Increasing number of ASCs delivering high-quality outpatient surgical care is projected to contribute towards the progress of this segment.
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News Featuring Market Developments by Key Players of Ambulatory Surgical Centers:
- In January 2023, Hudson Medical Center, a US$50 million and 1, 60,000 square foot facility, opened its gates for patients. At the same premises, the first ASC in St. Croix County, named Valley Surgery Center, will also be present. The center will be able to operate about 10,000 surgeries every year, after its commencement.
- In August 2022, HCA Healthcare, a major healthcare provider in the U.S., announced its acquisition of Stone Oak Surgery Center, in association with 11 physician partners. The latter is a San Antonio-based ASC, authorized by the Centers for Medicare & Medicaid Services (CMS), and offers multispecialty services. With this acquisition, HCA Healthcare will extend its footprint in San Antonio.
- Earlier, in January 2022, the company had revealed its decision to develop five new hospitals, offering all the necessary services in Texas. With this initiative, the company aims to cater to the rising need for healthcare services in the state.
Key Companies Profiled:
- AmSurg Corp
- Tenet Healthcare
- HCA Holdings, Inc.
- Surgical Care Affiliates, Inc.
- Surgery Partners
- Ambulatory Surgical Centers of America
- Pinnacle III
- Proliance Surgeons
- Regent Surgical Health
- SurgCenter Development
Ambulatory Surgical Centers Market 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
- Orthopedics
- Pain/Neurology
- Urology
- Dermatology
- Others
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