March 09, 2020
According to the research report titled ‘Asia Pacific Ambulatory Surgical Centers Market Size By Surgery Type, Ownership, Specialty Type, Service, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2018 – 2024’, available at MarketStudyReport.com, Asia-Pacific ambulatory surgical centers market is expected to cross USD 13 billion by the year 2024.
As per the report, increasing acceptance of ambulatory surgical centers by physicians and patients for their better safety, professionalism, and quality is a major factor driving the market growth in Asia-Pacific. These centers also offer reliable service and convenient scheduling which in turn is enticing majority of physicians and patients towards ambulatory surgical centers. This factor coupled with lower patient complications are further aiding the market expansion.
By ownership, physician and hospital segment is presumed to expand with a CAGR of 5% during 2018-2024. Rising collaborations between hospitals and physician has enabled ambulatory surgical centers to offer high quality services. Physicians offer quality treatment and hospitals provide necessary medical equipment which ASCs cannot afford. Hence, aforementioned benefits are fueling the popularity of ASC with combined ownership.
As per surgery type, cardiovascular segment is expected to surge with a CAGR of 5.5% through 2024. The growth is attributed to increased pervasiveness of cardiovascular diseases in the region. Ambulatory surgical centers offer cost efficient cardiovascular surgical procedures with significantly less recovery time.
Based on the specialty type, multispecialty ambulatory surgical centers market in Asia Pacific held 42% revenue share in the year 2017 and will witness lucrative growth in the forthcoming years. Increasing healthcare coverage and availability of well-equipped infrastructure are stimulating the industry outlook.
Speaking of service type, treatment segment of Asia Pacific ambulatory surgical centers market is set to record a growth rate of 5.9% between 2018 and 2024. Favorable reimbursement scenario in tandem with increasing awareness pertaining to availability of minimally invasive treatment procedures at ASCs is boosting the segmental growth.
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Considering the geographical landscape, India ambulatory surgical centers industry held 14.1% revenue share in the year 2017 and is projected to surge continuously during the estimated timeframe. Rising prevalence of neurological and cardiovascular diseases along with government focus towards the availability of high quality medical devices in ambulatory surgical centers are augmenting the market growth in India.
The prominent companies operating in Asia-Pacific ambulatory surgical centers industry are Valley Ambulatory Surgery center, Durango Outpatient Surgery Center, Asan Medical Center, Novena Surgery Pte Ltd., Aptus Surgery Center, Ambulatory Endoscopy Center (AEC), University of Tokyo Hospital, Japanese Red Cross Medical Center, RG Stone, Centre for Sight, Vasan Eye Care, and Affinity Surgery Centre.
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