Ambulatory Surgical Center Market Size (By Ownership : Physician Only, Hospital Only, Corporation Only, Physician & Hospital, Physician & Corporation, and Hospital & Corporation; By Surgery Type: Dental, Otolaryngology, Endoscopy, Obstetrics / Gynecology, Ophthalmology, Orthopedic, Cardiovascular, Neurology, Plastic Surgery, Podiatry, and Others; By Specialty Type: Multi-specialty and Single specialty; By Service: Diagnosis and Treatment) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2021 - 2028
Select Access Type
The global ambulatory surgical center market accounted US$ 77 Bn in 2020 and will record a considerable CAGR of 6.2% during the analysis period of 2021 to 2028.
Ambulatory surgical centers referred as ASCs are modern healthcare facilities focusing on providing same-day surgical care, including diagnostics and preventive measures. Further, ASCs have transformed the outpatient experience for millions by providing them with a more convenient alternative to hospital based outpatient procedures and also quality care and positive patient outcomes.
Market Drivers
Ambulatory surgical centers allow physicians to work efficiently
Ambulatory Surgery Center Association (ASCA) report pinpoints the impact of ageing population on the demand for surgical procedures and attendant needed for surgical subspecialists. The study concluded that the ageing population would be a major force in driving significant growth in the demand for surgical services. The success rate of surgeries among geriatric population has risen from 14% to 47% till 2020 in the ambulatory surgical setting, this will drive the growth of the market in the coming years further. On utilization of advanced medical device settings it provide the physician to practice efficiently on the medical history of aging population resulting in mitigation of errors while performing surgery. Ambulatory surgical centers (ASCs) offer physicians the ability to work efficiently and are therefore uniquely positioned to play an important role in managing the increasing need for surgical services as it will gain accelerating growth in the years ahead.
Rising demand for multispecialty ambulatory surgical centers bolster the growth of overall market
Multispecialty surgical centers offers a range of surgical services and allow for the diversification of risks-if one specialty takes a hit from reimbursements or a new nonsurgical treatment, an ASC remains afloat with the strength when compared with other specialties. It has been witnessed that there has been stupendous demand for multispecialty facilities that are convenient for patients seeking treatment. As of 2020, there were about 1,802 multispecialty ASCs in the US, representing 39% of the market. Such factors are responsible for the overall growth of market for ambulatory surgical centers.
Market Segmentation
The global ambulatory surgical center market is segmented based on ownership, surgery type, specialty type, and service. By ownership, the market is segmented as physician only, hospital only, corporation only, physician & hospital, physician & corporation, and hospital & corporation.
Based on ownership, hospital segment will dominate the overall market growth during the projected period of 2021 to 2028. Factors such as rising healthcare costs, technological advancement enable rapid recovery and minimally invasive surgery techniques to be performed at hospitals to conduct maximum surgical procedures. These factors have impactful influence for the segmental growth ultimately contributing for the overall market growth.
Dentistry segment to hold lucrative share for the global ambulatory surgical centers market
The American Dental Association (ADA) report states that the ADA and the American Academy of Pediatric Dentistry are asking the Centers for Medicare and Medicare services to update the Hospital Outpatient Prospective Payment System and Ambulatory Surgical Center Payment System in order to improve patient access to dental procedures in hospital and surgery centers. Additionally, the Medicare regulation have a strong influx of Medicare beneficiary access to ambulatory surgical centers for dental procedures but also impacts access for many pediatric patients in need for major dental rehabilitation. Such factors positively impact the ultimate growth of ambulatory surgical centers market as a whole.
Report coverage
Market | Ambulatory Surgical Center Market |
Analysis Period | 2017 - 2028 |
Base Year | 2020 |
Forecast Data | 2021 - 2028 |
Segments Covered | By Ownership, By Surgery Type, By Specialty Type, By Service, and By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Ambulatory Surgical Centers of America (ASCOA), AMSURG, ASD Management, HCA Healthcare, Pinnacle III, Proliance Surgeons, Regent Surgical Health, Surgery Partners, SurgCenter, Surgical Management Professionals, LLC., and El Centro Regional Medical Center (ECRMC), among others. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Customization Scope |
10 hrs of free customization and expert consultation |
Regional Landscape
Ambulatory surgical center scenario in Latin America
Among Latin America region, Brazil holds the largest share for the ASC market. This is evaluated due to rising adoption of ambulatory surgery centers with well established healthcare infrastructure, high awareness of ASCs, and growing government support in the country. For records, overall 812 operations in a Brazilian University Hospital have been performed for pediatric ambulatory surgery and wound infection.
The UAE Government is developing an ASC namely AI Waqar and also Qatar is developing a medical complex in Hamid Bin Khalifa medical city that includes an ASC. Such factors will have positive influence for the ultimate regional growth in MEA.
Ambulatory surgical centers scenario in Europe
The new categorization introduced by the Health Authorities, ambulatory surgical centers in France now accounts for almost 50% of procedures of overall surgical specialties. Europe stands second for ambulatory surgical centers market due to rising burden of chronic diseases, rapidly growing ageing population, and stupendous development in ambulatory surgical centers (ASCs) for faster diagnostic, enhancing patient care, high awareness among population, and rising affordability for the treatment options. Apart from that, the government of Europe is proactively working on policies that encourage same-day discharge as it offers steady growth. For records, the National Health Services and the government of UK are actively promoting same day surgery pinpointing to perform around 75% of procedures in ASC in the coming years.
Competitive Landscape
The global ambulatory surgical centers market is highly fragmented market in nature. Several large and small players are focusing on price, brand, and new product development and launch for expanding their consumer base. Additionally, these key players are engaging in acquisitions, collaborations, and partnerships for gaining a competitive edge. The prominent players of global ambulatory surgery center market involve Ambulatory Surgical Centers of America (ASCOA), AMSURG, ASD Management, HCA Healthcare, Pinnacle III, Proliance Surgeons, Regent Surgical Health, Surgery Partners, SurgCenter, Surgical Management Professionals, LLC., and El Centro Regional Medical Center (ECRMC), among others.
Market Segmentation
Market By Ownership
- Physician Only
- Hospital Only
- Corporation Only
- Physician & Hospital
- Physician & Corporation
- Hospital & Corporation
Market By Surgery Type
- Dental
- Otolaryngology
- Endoscopy
- Obstetrics / Gynecology
- Opthalmology
- Orthopedic
- Cardiovascular
- Neurology
- Plastic Surgery
- Podiatry
- Others
Market By Specialty Type
- Multi-specialty
- Single specialty
Market By Service
- Diagnosis
- Treatment
Market By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa