U.S. AMBULATORY SURGERY CENTER MARKET ANALYSIS

Market Challenges And Opportunities

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.

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.  

Market- 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.