The global ambulatory surgical centers (ASC) market, valued at USD 96.5 billion in 2023, is projected to grow significantly over the next decade. With an anticipated CAGR of 4.5% from 2023 to 2033, the ASC market is expected to reach an impressive USD 150.6 billion by 2033.
The expansion of the ASC market is being driven by increasing patient preference for outpatient surgeries, cost-effectiveness, and advancements in minimally invasive surgical techniques. These centers offer a range of procedures with shorter recovery times, positioning ASCs as a preferred alternative to hospital-based surgeries.
Key Market Insights
- Market Growth: The ASC market is expected to grow significantly due to the increasing shift of surgical procedures from traditional hospital settings to outpatient facilities. This shift is driven by the demand for cost-effective and efficient healthcare solutions.
- Technological Advancements: Innovations in surgical techniques, particularly minimally invasive surgeries, are enhancing the capabilities of ASCs. These advancements allow for quicker recovery times, which further encourages patient preference for outpatient procedures.
- Regional Dynamics:
- North America: This region holds the largest market share, accounting for over 41% of the revenue in 2023. The growth is attributed to rapid adoption of technologically advanced surgical solutions and supportive government policies.
- Europe: The market in Europe is expected to grow significantly due to favorable government initiatives aimed at improving healthcare access and efficiency.
- Asia-Pacific: This region is anticipated to experience the fastest growth rate, driven by increasing healthcare expenditures and a rising prevalence of chronic diseases that require regular outpatient procedures.
Hospital procedure prices are greater than ASC procedure costs because hospitals must cover higher overhead, administrative, and facility development costs. For this reason, managed care companies, self-care employers, and government payers prefer to opt for low-cost ambulatory care services.
Convenience is another factor influencing patients to opt for these services. Improved efficiency allows the surgeon to treat the patient in relatively less time. According to the Federated Ambulatory Surgery Association (FASA) Outcomes Monitoring Projects, 75% of ASCs started 95% of their cases on time.
Sales of ambulatory surgical centers represent nearly 28% of the global healthcare facilities market. ASCs across the world are constantly making efforts to expand their range of services to drive patient influx and increase revenues by improving quality care and satisfaction. The accessibility for physicians becomes easier as the scheduling of patients’ entry is streamlined for daycare procedures.
Prominent Companies Establishing ASCs to Expand their Reach to Patients
Leading players operating in the ambulatory surgical centers market are aiming to strengthen their market position. Strategic moves employed by key players include product approvals, collaborations, mergers, acquisitions, and partnerships with established and emerging market players. For instance:
- In January 2023, Becker’s Healthcare announced that the Dallas-based Baylor Scott and White Health are planning to develop a four-story medical office building. The city’s planning committee permitted the land expansion for the hospital in December 2022. The 1,00,000 sq foot structure would inhabit an ASC, gastroenterology, endocrinology, and ophthalmology departments, and more.
- In 2021, Tenet Healthcare announced its plan to establish 40 ambulatory surgical centers with a total expenditure amounting to US$ 150 million. The company expects its surgery business to register a larger share, in comparison to its hospital business, over the next three years.
- In January 2020, Surgery Partners acquired Vista Surgical Center which operates in ophthalmic therapeutics to provide healthcare services in the outpatient department.
List Encompassing Key Players Operating in the Ambulatory Surgical Centers Market:
- 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
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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
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- The Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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