U.S. AMBULATORY SURGERY CENTER MARKET ANALYSIS

U.S. ambulatory surgery center market is estimated to be valued at US$ 65.58 Bn in 2023, exhibiting CAGR of 5.2% during the forecast period (2023-2030).

Analysts’ Views on U.S. Ambulatory Surgery Center Market:

To introduce additional therapies such as Vertiflex, ViaDisc and other therapeutic interventions that  help patients  better manage their pain, key market players are focusing on adopting growth strategies such as acquisitions, which are expected to drive the  ambulatory surgery center market in the US. forecast period. For instance, on January 30, 2023, American Pain Consortium (APC), a company that offers patient-centric pain management practices and chronic pain treatment services, announced its 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 the U.S.

Figure 1. U.S. Ambulatory Surgery Center Market Share (%), By specialty Type, 2023

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Figure 2. U.S. Ambulatory Surgery Center Market Share (%), By Procedure Type, 2023

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U.S. Ambulatory Surgery Center Market – Drivers

Increasing Prevelance of Chronic Diseases

Increasing prevalence of chronic diseases are expected to drive the market growth thus Market players are adopting strategies such as new product launches, and this is expected to drive the market growth. According to the WHO, increasing incidence rate of neurogenerative diseases such as Parkinson's disease, Alzheimer's disease, and dementiais expected to drive the market growth. For instance, an article published by Springer Nature on September 12, 2020 Chronic pain is very common and has traditionally been managed with daily opioid regimens. It is estimated that up to 30% of patients presenting for elective surgery use long-term opioids.

Increasing Strategic Activities

Strategic activities including product launches, mergers & acquisitions, collaborations, and others is expected to drive the market growth. For instance, in January 2021 HST Pathways, a cloud-based ambulatory surgery center software company, launched HST One, a premium membership programme for ambulatory surgical centres (ASCs).  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 introduction of  personalized care in ambulatory surgery centers will attract more patients and lead to significant market growth.

U.S. Ambulatory Surgery Center Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization had 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 faced problems regarding transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the U.S. ambulatory surgery center market. For instance, according to an article published in May 2022, by the National Center for Biotechnology Information (NCBI), ambulatory surgery centers and other facilities that perform surgeries and procedures it is recommended to follow the advice to prevent the spread of COVID-19,and to protect resources such as staff and beds, personal protective equipment and ventilators that are needed to treat patients with COVID-19. Potential impact was due to ambulatory services as it provided facility to the patients in pandemic situation.

U.S. Ambulatory Surgery Center Market- Segmentation

U.S. ambulatory surgery center market is segmented into:

Based on Specialty, the market is segmented into single specialty centers and multispecialty centers. Out of which, the multispecialty centers segment is expected to dominate the U.S. ambulatory surgery center market over the forecast period, owing to increasing incidence of chronic diseases.

Based on Ownership, the market is segmented into  physician-only, hospital-only, corporate-only,  physician & hospital,  hospital & corporate, and corporate & physician. Out of which, physician-based ambulatory center segment is expected to dominate the market over the forecast period, owing to financial risks associated with ownership of ambulatory surgery centre.

Based on Procedure Type, the market is segmented into orthopedic,  cardiovascular, pain management, ophthalmology, podiatry, neurology, dental, plastic surgery,Ear Nose Throat(ENT) and other. Out of which, cardiovascular segment is expected to dominate the market over the forecast period, owing to risk associated with procedure of ambulatory surgery centre.

 Among all segmentation, the procedure type, the cardiovascular segment has the highest potential due to increasing prevalence of cardiovascular diseases over the forecast period. For instance, according to the Cleveland Clinic of Health Information, on January 9, 2022,  cardiovascular diseases such as heart disease which beginning at and continuing since birth cannot be prevented. But lifestyle changes can reduce the risk of many cardiovascular diseases. The only way is to avoid all tobacco products, treating other health problems such as type 2 diabetes, high cholesterol or high blood pressure, maintaining a healthy weight. Untreated cardiovascular diseases can lead to serious complications. Cardiovascular diseasecan lead to heart attack, stroke, acute limb ischemia (sudden blockage of arteries in the leg), aortic dissection, and sudden cardiac death.

U.S. Ambulatory Surgery Center Market- Cross Sectional Analysis

Increasing chronic diseases, rising demand for surgeries, increasing product launches, and increasing strategic initiatives by key market players is expected to drive the market growth. For instance, according to article published by BioMed Central Journal, in April 2021, 33% of Canadians suffered from chronic diseases.According to the 2021 US Kidney Disease Statistics, 37 million Americans are estimated to have kidney disease, and chronic kidney disease (CKD) affects more than one in seven American adults every year.

U.S. Ambulatory Surgery Center Market: Key Developments

• In July 2022, Southeastern Spine Institute Ambulatory Surgery Center, an affiliate of United Surgical Partners International (USPI), launched its robotic-assisted surgery program. The Center will utilize this system to perform total knee replacements.
• In November 2022, The Surgery Center at Tampa General Hospital (TGH) and the TGH Surgery Center at Morsani, named to Newsweek's list of Best Ambulatory Surgery Centers for 2023. This is the third year in a row that both centers have been on the list (the Morsani Center was added in 2021 under the former name USF Ambulatory Surgery Center).

U.S. Ambulatory Surgery 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 of ambulatory surgery centre. For instance, United Surgical Partners International (USPI),an ambulatory care company and Compass Surgical Partners, is a surgery center management, 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 ambulatory surgery centre across the world.

US Ambulatory Surgery Center Market: Restraint

Disappearance of Out-Of-Network Reimbursement

One of the key factor that isexpected to hamper the U.S. ambulatory surgical center market growth is the disappearance of out-of-network reimbursement in ambulatory surgical centers, owing to pressure of payors on physicians and patients to choose in-network providers for their referrals and encounters.  

U.S. Ambulatory Surgery Center Market - Key Players

Major players operating in the U.S. ambulatory surgical center market are AmSurg Corp., Getinge Group, Tenet Healthcare, Regent surgery Health L.L.C , Covenant Surgery Partners Inc, and Surgery Partners.

Definition: Ambulatory surgery centers (ASCs) are specialized medical facilities that provide outpatient care. Outpatient treatment means that the patient is not admitted to the hospital and can go home the same day the procedure is completed. These are fully functional medical facilities that are focused on providing state-of-the-art ambulatory surgical care. Procedures are performed outside of traditional hospital settings that eliminates the need for an extended overnight stay.