May 26, 2020
According to the research report titled ‘U.S. Ambulatory Surgical Centers Market Size By Ownership, By Surgery Type, By Specialty Type, By Service, Industry Analysis Report, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, U.S. ambulatory surgical centers market is predicted to expand substantially by the year 2026.
Increased pervasiveness of various chronic conditions among geriatric population is a major factor driving the growth of ambulatory surgical centers (ASCs) market in the U.S. These centers are gaining popularity among patients owing to their faster and cost-effective options for surgeries as compared to other medical establishments.
As per type of ownership, physician & corporation segment is projected to expand with a CAGR of 4.4% during 2020-2026. The ownership works on the principle that corporation handle various financial matters, which enables physicians to concentrate on surgical treatments in the facility.
The report cites that plastic surgery segment is expected to be worth USD 3 billion by the year 2026, primarily due to rising number of aesthetic surgical treatments across the United States. According to ASPS (American Society of Plastic Surgeons), around 18 million people in U.S. went through minimally invasive cosmetic procedures in 2018. Increasing awareness pertaining to low cost plastic surgeries available in ambulatory surgical centers is also stimulating the industry outlook.
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Alternatively, cardiovascular surgery segment is expected to register substantial growth during the study period. High occurrence rates of heart-related disorders owing to adoption of sedentary lifestyle and unhealthy eating habits is favoring the market scenario.
The single-specialty ambulatory surgical centers market segment is anticipated to surpass USD 21 billion by the year 2026. These facilities offer lean efficient operations which help in lowering costs. Single-specialty ASCs are less resource-intensive as compared to their counterpart. In addition, improving number of skilled medical professions is positively impacting the segmental growth.
By service type, treatment segment is reckoned to witness a y-o-y growth rate of 5% between 2019 and 2026. Ambulatory surgical centers offer low-cost and faster treatment options to patients. Revolutionary outpatient services with exceptional care and favorable patient outcomes as compared to hospitals is boosting the popularity of ASCs for treatment.
The major contenders in U.S. ambulatory surgical centers industry are Tenet Healthcare, Surgical Management Professionals, Surgical Care Affiliates, SurgCenter Development, Surgery Partners, Regent Surgical Health LLC, Proliance Surgeons Inc., Physicians Endoscopy, NueHealth Enterprises LLC, Nobilis (Elite Surgical Affiliates), Medical Facilities LLC, HCA Healthcare, Foundation Healthcare, Covenant Surgical Partners (KKR), Constitution Surgery Alliance, ASD Management, AMSURG (Envision Healthcare Solutions) and Ambulatory Surgical Centers of America.