Ambulatory Surgical Center Market

The global ambulatory surgical center market exhibits sound growth prospects amid robust advancements in medical technology and a growing emphasis on minimally invasive procedures.

Market Analysis in Brief

The ambulatory surgical center market refers to the industry that provides outpatient surgical services and procedures to patients. It includes a range of medical facilities that specialise in performing surgeries that do not require an overnight stay, such as diagnostic procedures, endoscopies, and minor surgeries.

Over the recent past, the prevalence of chronic diseases and concurrent demand for minimally invasive procedures has been on the rise. In addition to this, cutting-edge technological advancements in medical technology have provided surgeons’ with a broader range of surgical equipment and instruments, facilitating ease in conducting surgeries. Against this backdrop, the global ambulatory surgical center industry is anticipated to thrive throughout the projection timeframe. 

Key Report Findings

• The global ambulatory surgical center market size exceeded the US$35 Bn mark in the year 2020
• North America to retain dominance in ambulatory surgical center industry
• Technological developments are facilitating significant cuts in treatment costs
• Chronic diseases are likely to surge among the aging segment of the population
• The clinical solutions segment is anticipated to hold a major share of the market

Growth Drivers

Unwavering Rise in Chronic Disease Prevalence

During the period of assessment, the business in the ambulatory surgery center domain shall benefit from growing concerns around chronic disease pervasiveness across emerging and developed markets. According to projections by the National Institutes of Health, the chronic disease burden is likely to increase among the adult population.

Research suggests the number of people in the United States aged 50 years and older will increase by 61.11%. This figure is likely to increase from 137.25 million in 2020 to 221.13 million in 2050. Moreso, among this segment of the population, the number with at least one chronic disease is predicted to increase by 99.5%, surpassing 142.66 million by 2050.

Evidently, the aging population demonstrates greater susceptibility to developing chronic issues. Therefore, the calls for minimally invasive therapies and increased access to healthcare shall bolster the global ambulatory surgical center market growth.

Technological Advancements Reduces Costs of Treatments

Recent years have witnessed a dramatic rise in the number of outpatient surgeries. This is majorly driven by the patients’ trust in technologically advanced treatments in outpatient clinics. Furthermore, these procedures are cost-effective and ensure a speedy recovery. Besides, it eliminates the need to admit to hospitals for tests and surgeries, further curtailing hospital admission rates. Across emerging economies, ambulatory surgical centers are experiencing sharp spikes in demand, unlocking numerous opportunities for the ambulatory surgical center market.

Novel developments in medical technology coupled with the greater affordability of these facilities are further boosting the market growth. The low-cost availability of treatments and amenities, location convenience, and convenience of day surgery for patients are raising patient satisfaction levels. Going forward, technological developments in medical accessories and instruments, and the need for minimally invasive procedures shall promote the ambulatory surgical center market expansion.

Growth Challenges

High Deployment Costs, and Lack of Trust Among Patients

High deployment costs and scepticism among patients towards the new methods of ambulatory services are expected to impede the global ambulatory surgical center market growth during the forecast period.

Overview of Key Segments

Clinical Solutions Remain Preferred

Based on products and services, the ambulatory surgical center market is classified as clinical solutions, non-clinical solutions, and HCIT outsourcing services. Among these, the clinical solutions segment is expected to hold the lion’s share of the global market. These services are effectively addressing the most pressing challenges of healthcare delivery by reducing healthcare costs and improving the efficiency of healthcare services.

Such technologically advanced products and services ensure precision and accuracy by reducing medical errors. As a result, the utilization of ambulatory surgical centers has become more prominent.

Services Segment Garner a Major Market Share

The ambulatory surgical center market is divided into services, software, and hardware segments, based on components. Over the recent past, the services segment acquired the largest market share. This is majorly attributed to the development of intricate software and the growing need for well-integrated, agile, interoperable, and intuitive software.

Another factor crucial to the ambulatory surgical center market expansion is the accelerated demand for consulting and outsourcing various healthcare processes. These processes include electronic health record (EHR) management, revenue cycle management, and fraud detection.

Growth Opportunities Across Regions

North America’s Dominance Intact

On a geographical basis, North America is predicted to gain a major cut of the global ambulatory surgical center market revenue. High adoption rates of ambulatory surgery centres together with rising healthcare costs are key growth drivers for the regional market.

Additionally, the increasing volume of surgical procedures being performed, and the concentration of significant market players in the region are adding to the market valuation. On the other end of the market, the Asia Pacific is showcasing the highest growth rate during the forecast period. The rise in health awareness among people and the demand for advanced medical technology are key factors influencing market growth.

Leading Participants in Ambulatory Surgical Center Market

Some of the most prominent players operating in the global ambulatory surgical center market Quorum Health Corporation, Edward-Elmhurst Health, Community Health Systems, Inc., Group Eifelhohen-Klinik AG, Healthway Medical Group, MEDNAX Services, Inc., Envision Healthcare Corporation, Prospect Medical Group, Novena Global Healthcare Group, Inc., and SurgCenter Development.

Recent Notable Developments                          

• During a conference call with Tenet Healthcare, USPI's parent company, in October 2022, USPI officials disclosed that the company is not meeting its year-long growth objective. In 2023, USPI will be competing with Surgery Partners, and SCA Health. The number of USPI's surgical cases remained stagnant compared to the same quarter in the previous year and was at 100% of the 2019 levels, failing to meet the company's expectations for expansion. Optum, the parent company of SCA Health, acquired LHC Group, a provider of home healthcare services, for US$5.4 Bn in March. LHC Group operates 964 sites in 37 states, offering hospice and in-home care, and was founded in Lafayette, Louisiana

• In December 2022, it was announced that Salem Medical Center has officially become a part of the Inspira Health network in South Jersey, following their declaration of intent to collaborate a year prior. As a result, Inspira is now the parent corporation of Salem Medical Center, which adds to its existing network of hospitals in Vineland, Mullica Hill, and Elmer. The acquisition included the purchase of the hospital facility, ambulatory surgical center, and doctor's offices for US$20 Mn. Additionally, Inspira has established a line of credit to cover any potential future financial shortfalls or debts

• In December 2022, Ohio-based Ophthalmic Physicians Inc., and its affiliates partnered with Sunvera Group, a management service company that supports ophthalmology practices and ambulatory surgical clinics. This collaboration will strengthen Sunvera's position in Ohio's market and expand its network of ophthalmology clinics and surgery facilities in the Midwest

Regional Classification of the Global Ambulatory Surgical Center Market is Described Below:

North America

• U.S.
• Canada

Europe

• Germany
• France
• Spain
• U.K.
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability

Key Elements Included In The Study: Global Ambulatory Surgical Center Market

• Ambulatory Surgical Center Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2018 - 2022
• Market Value at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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