Global Ambulatory Surgical Centers Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024
The Global Ambulatory Surgical Centers (ASCs) Market is projected to witness a sluggish CAGR of 3.5% over the forecast period. The industry is likely to expand from USD 77.1 billion in 2017 to USD 97.3 billion by 2024.
The growth can be primarily attributed to the increasing demand for surgery, owing to growing incidence of accidental cases. Moreover, owing to cost effective ambulatory services, people are moving towards it, and growing demand is driven by consumer and physician choice. The years used for the assessment are as follows;
Historical year: 2014, 2015 and 2016
Base year: 2017
Forecast period: 2018 – 2024
The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total ambulatory surgical center market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global ambulatory surgical center market
Finalizing the overall size and share of the global ambulatory surgical center market
To analyze market trends, opportunities, drivers, and restraints associated with the ambulatory surgical center market
To study market response with respect to the mergers and acquisitions in the industry
To profile key companies operating in the ambulatory surgical center market and provide their competitive landscape
The research scope for ambulatory surgical center market is as follows:
Single Specialty Surgical Centers
Multi-Specialty Surgical Centers
By Ownership Type
Hospital-based ambulatory surgical center
Freestanding ambulatory surgical center
Middle East and Africa
Ambulatory surgery centers (ASC) also known as outpatient surgery centers, these are healthcare facilities which offer patients, the opportunity to have surgical procedures performed outside the hospital setting. It offers time-efficient & cost-effective surgeries and higher patient satisfaction.
The growth of this industry is attributed to increasing prevalence of acute and chronic diseases and growing incidence of accidental cases across the globe. Patients are opting for ambulatory services owing to rising burden of treatment cost and better outcomes with higher patient satisfaction. Furthermore, as healthcare industry and investors look for new methods to cut costs, an ambulatory surgical center offers additional benefits as compared to hospitals. Furthermore, the ASC sector is likely to project continue growth in the coming years owing to increasing usage of surgical centers in developed and developing countries. According to Federated Ambulatory Surgery Association (FASA), patients are shifting towards ambulatory surgical centers because they offer a high level of professionalism, safety, and value.
North America held the largest market share of the global market in 2017. ASCs have transformed the experience for millions of Americans by providing them with more convenient, technologically advanced alternative to hospital-based outpatient procedures. These centers have a strong record of quality care and it is more convenient for patients. Countries like Africa and South America are not doing that well in the market because of lack of skilled professionals and the presence of multispecialty hospitals.
Some of the key companies operating in the market include, Proliance Surgeons, Inc., Tenet Healthcare Corporation, Regent Surgical Health, Surgical Management Professionals, ASD Management, United Surgical Partners International., Symbion Pty Ltd., AmSurg Corp., Medical Facilities Corporation, Ambulatory Surgical Centers of America, and HCA Healthcare, Inc.