January 27, 2020
According to the research report titled ‘Ambulatory Surgical Centers Market Size By Ownership (Physician Only, Hospital Only, Corporation Only, Physician & Hospital, Physician & Corporation, Hospital & Corporation), By Surgery Type (Dental, Otolaryngology, Endoscopy, Obstetrics/Gynecology, Ophthalmology, Orthopedic, Cardiovascular, Neurology, Plastic Surgery, Podiatry, Others), By Specialty Type (Single Specialty, Multi-specialty) By Service (Diagnosis, Treatment), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Singapore, Malaysia, Hong Kong, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Kuwait, Qatar, Israel), Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the ambulatory surgical centers market is expected to cross USD 98 billion by the year 2025.
Growing occurrences of chronic diseases along with rising adoption of minimally invasive treatment methods are major factors driving the ambulatory surgical centers market growth. The minimally invasive treatment conducted in ambulatory surgical centers requires less blood transfusion, causes less pain, minimizes post-surgical complexities, and improves the patient outcomes, thereby aiding the market expansion.
As per ownership, the report states that physician and hospital segment was worth USD 12 billion in the year 2018 and is expected to register continuous growth during the forecast period. Hospitals collaborate with physicians and surgeons to run ambulatory surgical centers in order to provide surgeries such as nephrology, vascular, interventional cardiology, and radiology procedures, which in turn is stimulating the industry outlook.
In terms of surgery type, the report notes that orthopedic segment is expected to grow by 5% over the analysis period. Factors such as availability of minimally invasive procedures for faster recovery and better quality treatment methods are fueling the segmental growth.
Based on specialty type, the report cites that single specialty type segment was worth USD 40 billion in the year 2018 and is poised to amass commendable gains in the ensuing years. Single specialty ambulatory surgical centers focus on offering treatment of specific disease. This factor along with availability of well-equipped ASCs infrastructure are will further amplify the scope of the market.
Speaking of service type, treatment segment held 75% share in the year 2018 and is projected to witness considerable growth in the forthcoming years. Availability of personalized and cost-effective treatment methods in ambulatory surgical centers are facilitating the business scenario.
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Considering the geographical landscape, Europe ambulatory surgical centers industry is estimated to expand with a CAGR of 4.5% during the period of 2019-2025. Growing occurrences of orthopedic disorders among elderly population along with rising instances of people suffering from diabetic retinopathy are contributing towards the popularity of ambulatory surgical centers across Europe.
The prominent companies operating in the ambulatory surgical centers market are Tenet Healthcare, Surgical Management Professionals, Surgical Care Affiliates, SurgCenter Development, Surgery Partners, Regent Surgical Health LLC, Proliance Surgeons Inc. P.S., Physicians Endoscopy, HCA Healthcare, ASD Management, Covenant Surgical Partners (KKR), AMSURG (Envision Healthcare Solution), and Ambulatory Surgical Centers of America.
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