AMBULATORY SURGICAL CENTER MARKET ANALYSIS

Ambulatory Surgical Center MarketSize and Trends

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).

Market- Trends

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.