AMBULATORY SURGICAL CENTER MARKET ANALYSIS

The global ambulatory surgical center market is estimated to be valued at US$ 96.19 Billion in 2023 and is expected to exhibit a CAGR of 4.2% during the forecast period (2023-2030).

Analysts’ Views on Global Ambulatory Surgical Center Market:

For the introduction of additional therapies such as MILD, Vertiflex, ViaDisc, and other therapeutic interventions that will help patients achieve better pain control, the key market players are focusing on adoption of growth strategies such as acquisition is expected to drive the global ambulatory surgical center market over the forecast period. For instance, on January 30, 2023, American Pain Consortium (APC), offers patient-centric pain management practices and chronic pain treatment services, announced their latest expansion with the acquisition of Indiana Pain Centers Evansville, a Joint Commission on Accreditation of Healthcare Organizations (JCAHO) accredited Ambulatory Surgery Center (ASC) in Evansville, Indiana, U.S. The addition of Indiana Pain Centers Evansville ASC increases the total number of Indiana surgery centers to four and creates access to a larger suite of interventional pain management therapies locally in Evansville.

Figure 1. Global Ambulatory Surgical Center Market Share (%), by Center Type 2023

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Global Ambulatory Surgical Center Market – Driver

Increasing burden of chronic diseases to drive market growth

The burden of chronic diseases, the rise in surgical demand, and the trend towards ambulatory surgery centres are all driving the market expansion under study. Additionally, the main market player’s strategic moves and the introduction of new products will further fuel market growth. According to the WHO statistics, it is anticipated that the increasing incidence rate of neurogenerative diseases such as Parkinson's disease, Alzheimer's disease, and dementia would accelerate market expansion over time. For instance, according to World Health Organization (WHO) statistics released in September 2022, there were 55 million cases of dementia globally in 2021, with more than 60% of those cases occurring in low- and middle-income countries. The research also noted that 78 million instances of dementia are anticipated by 2030 and 139 million by 2050.

Rise in strategic activities will drive market growth

The lucrative market growth will result from strategic activities including product launches, mergers & acquisitions, collaborations, and others. For instance, HST Pathways, a cloud-based Ambulatory Surgery Center software company, introduced "HST One," a premium membership programme for ambulatory surgical centres (ASCs), in January 2021. The end users of this membership programme will have the option to choose popular items that are packaged together as part of their membership, with the option to add on additional services as necessary. The beginning of providing personalized treatments at ambulatory surgical centres will draw more patients and propel the market to significant growth.

Figure 2. Global Ambulatory Surgical Center Market Value (US$ Billion), by Region, 2023

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Global Ambulatory Surgical Center  Market- Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global ambulatory surgical center market over the forecast period. The rising incidence of chronic illnesses, rising demand for operations, rising product launches, and rising strategic initiatives by important market players are the main drivers propelling the growth of the North American ambulatory surgical centre (ASC) market. North America holds 43.7% of the market share. For instance, the BioMed Central Journal article from April 2021 stated that 33% of Canadians were living with chronic diseases at the time. Additionally, according to the Kidney Disease Statistics 2021 for the U.S., 37 million Americans are thought to have kidney disease, with chronic kidney disease (CKD) affecting more than 1 in 7 American adults each year.

Global Ambulatory Surgical Center Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the global ambulatory surgical center market. For instance, according to the National Center for Biotechnology Information article from May 2022, ambulatory surgical centers and other facilities that perform surgeries and procedures were urged to take advice to prevent the spread of COVID-19 and to protect resources such as staffing, bed space, personal protective equipment, and ventilators needed to care for COVID-19 patients. Ambulatory surgery centers, thus had a significant impact on the COVID-19 era and the subsequent market expansion during the pandemic.

Global Ambulatory Surgical Center Market Segmentation:

The global ambulatory surgical center market report is segmented into, center type, modality, services, specialty area, and region.

Based on Center Type, the market is segmented into Single Specialty Centers, Multispecialty Centers. Out of which, the multispecialty centerssegment is expected to dominate the ambulatory surgical center market over the forecast period, and this is attributed to the increase in the incidence of chronic diseases.

Based on Modality, the market is segmented into Hospital-Based Ambulatory Surgical Center, Freestanding Ambulatory Surgical Center. Out of which, hospital-based ambulatory center segment is expected to dominate the market over the forecast period and this is attributed to the financial risks associated with ownership of ASCs.

Based on Services, the market is segmented into Diagnostic Services, Surgical Services. Out of which, the diagnostic services segment is expected to dominate the market over the forecast period, and this is attributed to the rise in technological developments in medical accessories and instruments, and doctors' control over the selection of such facilities.

Based on Specialty Area, the market is segmented into Gastroenterology, Ophthalmology, Orthopedics, Pain/Neurology, Urology, Dermatology, Others. Out of which, the Orthopedics segment is expected to dominate the market over the forecast period and this is attributed to the growing burden of orthopedic surgery.

Among all segmentation, the specialty area, in which the orthopedics segment has the highest potential due to the increasing number of orthopedic surgeries over the forecast period. For instance, according to the Canadian Institute of Health Information's June 2021 report, 63,496 hip and 75,073 knee replacements were carried out in Canada. The number of knee and hip replacement surgeries in the above- mentioned region increased on average by about 5% in recent years. Additionally, according to the Versus Arthritis organization's State of Musculoskeletal Health 2021 report, approximately 118,316 hip replacements and 123,690 knee replacements were performed in the U.K. in 2019. Therefore, there may be a high demand for ambulatory surgery centers due to the high volume of orthopedic procedures, that will fuel the growth of the studied segment.

Global Ambulatory Surgical Center Market Cross Sectional Analysis:

Asia Pacific is also expected to witness robust growth in the global ambulatory surgical center market due to the increasing fastest aging population in china results in increased healthcare facilities. Short hospital stays and a lower risk of Hospital acquired infections are two benefits of some of the surgery offered in ambulatory surgical centers. The market in this region is driven by the development of cutting-edge medical devices for ambulatory surgical centers for the advancement of surgeries performed by surgeons and rising research and development in surgical products.

Global Ambulatory Surgical Center Market: Key Developments

• In February 2022, at order to deliver specialized joint replacement surgery in an ambulatory care centre, EMU Health, a medical center, and NYU Langone Orthopedics, an orthopedic center, collaborated to launch a new outpatient joint replacement programme. This initiative will fuel the market growth.
• In January 2022, ValueHealth LLC, a renowned Ambulatory Center of Excellence (ACE) leader, and Penn State Health, which has acquired a stake in the Surgery Center of Lancaster, engaged into a joint venture.

Global Ambulatory Surgical Center Market: Key Trends

Purchase of ownership and management

The key market players are engaged in adopting inorganic strategies such as partnership to purchase the ownership and management. For instance, United Surgical Partners International (USPI) and Compass Surgical Partners signed a legally binding agreement in October 2021, for USPI to buy Compass Surgical Partners' ownership and management stakes in nine ambulatory surgery centers (ASCs). This will help enable the market by supplying established ASC across the worldwide. The studied market is therefore anticipated to experience profitable growth over the forecast period due to the the rising prevalence of chronic diseases, frequent product launches, and rising strategic initiatives by key market players.

Global Ambulatory Surgical Center Market: Restraint

Disappearance of out-of-network reimbursement

One of the key factors expected to hamper the growth of the global ambulatory surgical center market is the disappearance of out-of-network reimbursement in ambulatory surgical centers. This can be attributed to pressure of payors on physicians and patients to choose in-network providers for their referrals and encounters.  

Global Ambulatory Surgical Center Market - Key Players

Major players operating in the global ambulatory surgical center market are AmSurg Corp., HCA Holdings, Inc., Tenet Healthcare, Surgical Care Affiliates, Inc., Surgery Partners, Ambulatory Surgical Centers of America, Heathway Medical Group, Community Health Systems, Inc., and Vision Group Holdings.

*Definition: Ambulatory surgery centers (ASCs) are specialized medical facilities that provide outpatient surgical care. Outpatient means that a patient isn’t admitted to a hospital and can go home the same day of their procedure. They are fully-functional medical facilities that focus on providing top-notch outpatient surgical treatments. Procedures are completed outside of traditional hospital settings, which eliminates the need for extended overnight hospital stays.