Ambulatory Surgical Centers Market Analysis, Size, Share, Trends, Growth and Forecast 2027
Category: #business  By Rahul Sankrityayan  Date: 2022-03-25
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Ambulatory Surgical Centers Market Analysis, Size, Share, Trends, Growth and Forecast 2027

Ambulatory surgical centers market share is slated to witness commendable growth over the estimated timeline. This is owing to the rising incidences of chronic conditions among the elderly population worldwide. In addition, the availability of favorable reimbursement and government policies associated with ASC services will further augment industry expansion over the forthcoming years.

Numerous healthcare professionals have been increasingly accepting minimally invasive surgery as an alternative to traditional open procedures over the past years. As compared to hospital settings, ambulatory surgical centers do not incur substantial overhead and administrative costs. These factors, along with the low risk of infection at ASCs, will further contribute to the growth of the industry over the forecast spell.

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As per Global Market Insights, Inc. estimates, the global ambulatory surgical centers market size is projected to cross $117 billion by 2027.

Considering ownership, the ambulatory surgical centers industry from the physician segment registered around $44 billion in revenue in 2020. This was attributable to the growing low-income and geriatric population and their preference for physician-owned ambulatory surgical centers, due to convenience and enhanced treatment options.

On the basis of surgery type, the global ambulatory surgical centers market from the orthopedic segment will exhibit a CAGR of 6.5% through 2027. The segmental growth is due to the availability of low-cost orthopedic care services at ASCs. Furthermore, the high patient satisfaction and the presence of physician assistants, nurses, and physical and occupational therapists will boost the adoption of ambulatory surgical center services for orthopedic surgery.

Multi-specialty is set to emerge as a prominent specialty type segment in the ambulatory surgical centers market and will depict more than 5.5% CAGR through 2027. This can be credited to its ability to deliver a broad range of treatments or surgical procedures as well as its acceptance as a convenient option to treat various health ailments.

Based on service type, the ambulatory surgical centers industry from the treatment segment was valued at nearly $56 billion in 2020, owing to lower costs than hospital settings. In addition, the treatments offered are of shorter duration, thus reducing the overall procedure costs and making it a favorable option among the large population base.

The ongoing COVID-19 pandemic and its resultant lockdown have profoundly impacted the healthcare sector, especially the treatment of non-emergency conditions. Postponements of this kind of surgical procedure during the crisis have led to a considerable decline in surgical procedures, which may, in turn, hamper industry outlook in the upcoming years.

On the regional front, the APAC ambulatory surgical centers industry recorded $14.6 billion in revenue in 2020, given the large patient pool and the availability of favorable government initiatives. Likewise, the increasing awareness about same-day surgical care, growth of medical tourism, and the delivery of high-quality treatment at economical costs will augment the ambulatory surgical center business growth in the region.

Major players operating in the global ambulatory surgical centers market are Surgical Management Professional, LLC, Surgical Care Affiliates (United health Group Incorporated), SurgCenter Development, Surgery Partners, Regent Surgical Health L.L.C, Proliance Surgeons, Inc., Pinnacle III, HCA Healthcare, ASD Management, AMSURG (Kohlberg Kravis Roberts & Co. L.P.), and Ambulatory Surgical Centers of America, among others. These firms are implementing strategies such as business expansions, mergers, and acquisitions to drive their presence across the global market.

For instance, in March 2021, Regent Surgical Health received an investment from Ascension Capital and TowerBrook Capital Partners L.P., which was geared towards the development of its ambulatory surgery centers. This deal was inked with an aim to provide convenient access to quality outpatient surgical services to patients across the community served by Ascension.

ASCs have emerged as a standalone and highly efficient facility offering low-cost surgical care and other services for a range of health conditions. As a result, the increasing patient pool with chronic diseases, the strong demand for same-day treatment services, and the rising need for minimally invasive surgeries could significantly boost ambulatory surgical centers market dynamics in the years ahead.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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