The report titled ‘Europe Ambulatory Surgical Centers Market Analysis By Specialty Type, Service, Ownership, Surgery Type, Industry Analysis Report, Country Outlook, 2018 – 2024’, available with Market Study Report, provides an in-depth evaluation of the vital parameters of the industry.
 

According to the study, Europe ambulatory surgical centers market is estimated to surpass USD 32 billion by the year 2024. Rising prevalence of various diseases coupled with increasing geriatric population are driving the expansion of ambulatory surgical centers (ASC )in Europe. Advancements in ASCs towards faster disease diagnosis, minimal cost, and enhanced patient care will play a key role in fostering the market growth during the forecast period. Rising awareness for early diagnostics and growing inclination towards ASCs on account of high quality and affordable treatments will fuel the industry expansion in the coming years.
 

Favorable government initiatives promoting one day surgical procedures due to benefits such as short hospitalization period, early patient mobilization, low infection rate, and improved postoperative recovery are the other factors contributing to ASC demand. In addition, programs such as education by British Association of Day Surgery (BADS) for both patients and healthcare professionals are positively impacting the market growth. However, lack of physicians in certain economies may hinder the market during the analysis period.
 

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Based on the service, treatment segment is projected to amass USD 25 billion by 2024. The segment growth can be affixed to the availability cost-effective treatments available at ambulatory centers. Rising demand for high quality care with growing affordability will bolster the segment growth in the coming years. 
 

In terms of the specialty of ASCs, multi-specialty segment held a revenue share of 43% in 2017 and is presumed to gain decent traction in the forthcoming years. The availability of a wide number of services coupled with technological improvements aiding multispecialty centers to perform a significant number of acuity cases are driving the segment growth.
 

In terms of ownership, hospital segment was worth USD 1 billion in 2017 and is projected to show a sizeable growth during the study period. Increasing healthcare expenditure, technological advancements, and minimally invasive surgical procedures are stimulating hospitals to develop ambulatory surgical centers.
 

Based on the surgery type, orthopedic surgery segment is anticipated to expand at a CAGR of 4.8% over the forecast timeline, on account of increasing number of patients suffering from osteoarthritis, obesity and osteoporosis in the region with the prevalence of an inactive lifestyle and rapid ageing. A growing focus towards improving life expectancy is augmenting the demand for orthopedic procedures.
 

As per the regional analysis, France ambulatory surgical centers industry is expected to register 4.5% CAGR during 2018-2024. Rising prevalence of chronic diseases including cardiovascular disorders, diabetes, and cancer have led to an increasing shift towards day surgeries in France. Medical advancements coupled with incentivized surgical pricing will boost ambulatory surgeries in the region, enhancing the market outlook.
 

Major participants across Europe ambulatory surgical centers market include BMI Blackheath Hospital Outpatient Centre, London Day Surgery Centre, Chelsea and Westminster Hospital, Central Institute of Mental Health, Auxologico Ariosto, Vitanas clinic and day hospital, Balgrist University Hospital, Ghent University Hospital, Alan Cumming Day Surgery Unit, and Zudecche Day Surgery.