U.S. ambulatory surgery centers market by expanding at a healthy CAGR of 2.6% over the forecast period :Top Keyplayers are HCA Holdings Inc., Envision Healthcare Corporation, Tenet Healthcare Corporation, Surgery Partners Inc., Surgical Care Affiliates In

Credible Factors Augmenting the U.S. Ambulatory Surgery Centers Market

In terms of expenses, ambulatory surgical centers are more affordable as compared to the hospitals and nursing homes as they help patients with instant medical services and quick discharge facilities. It has been notified that due to lack of medical facilities, most of the hospitals are often jam-packed with patients and the growing need for better healthcare infrastructure has amplified the demand for ambulatory surgical centers.

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Leading companies are aggressively acquiring and merging with numerous hospitals and freestanding surgery centers to grab maximum market share in the U.S. ambulatory surgical centers market. For instance, Physicians Endoscopy LLC, ASC Management Company providing outpatient surgery center development and management announced the acquisition of the Great South Bay Endoscopy (GSBE) which supplemented the company market in New York.

Market Overview and Highlights

The growing cases of diabetes, eye disorders such as diabetic retinopathy and increase in spending on treatments are projected to flourish the growth of U.S. ambulatory surgery centers market by expanding at a healthy CAGR of 2.6% over the forecast period. In addition to that, rising prevalence of chronic diseases in U.S. is expected to propel the U.S. ambulatory surgery centers market by exceeding market valuation of USD 31.4 Billion by the end of 2024.

The Maryland state accounted for the highest concentration of Ambulatory Surgical Centers (ASCs) number. For instance, in 2016, the Maryland state accounted for 5.8 ASCs per 100,000 persons as compared to Georgia with 3.2 ASCs per 100,000 persons. Further, the other top states with highest concentration of ASC’s are Idaho, Wyoming and New Jersey.

Market Segmentation Synopsis

By Type

The U.S. ambulatory surgery centers market has been divided by type into hospital-based and free-standing surgery centers, out of which, the free-standing ambulatory surgery centers dominated the overall ambulatory surgical center market by holding the largest market share of 72.7% during 2016 and are further expected to behold its dominant stance over the forecast period.

By Specialty

The U.S. ambulatory surgery centers market has been segmented by specialty into single-specialty centers and multi-specialty centers, out of which, single-specialty centers are further segmented into ophthalmology, orthopaedics, gastroenterology and pain management among others and are expected to grow with dominant market share over the forecast period.

By Treatment

The U.S. ambulatory surgery centers market has been divided by treatment into laceration, bone fracture, emergency care service and trauma or accident treatment among others. The laceration treatment segment is anticipated to be the most attractive market in overall ambulatory surgery centers market for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the period 2017-2024.

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The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Market Drivers & Challenges

Growth Indicators

The rising healthcare expenditure regarding ambulatory care services in order to provide effective medical facilities to the remote locations is believed to be the dynamic factor behind the rapid growth of ambulatory surgery centers market. By demography, more than 55% of the female population was treated by ASC’s in 2015 while the rest was covered by male population. The growing rate of geriatric population and high occurrence of chronic diseases, gastrointestinal, eye, musculoskeletal and others diseases among them is likely to fuel the market growth.

Further, the private medical companies in collaboration with government are making huge investments to develop ambulatory surgical services in the U.S.

Barriers

The consumer preference towards hospitals and presence of various big players in the U.S. ambulatory surgical centers market is expected to restrict the growth of the market during the forecast period. Further, in 2018, according to CMS, ambulatory surgical center received less reimbursement plunge than proposed in July which might adversely impact the growth of ambulatory surgical center in upcoming years.

Competitive Landscape

The major market leaders in the U.S. ambulatory surgery centers market are HCA Holdings Inc., Envision Healthcare Corporation, Tenet Healthcare Corporation, Surgery Partners Inc., Surgical Care Affiliates Inc., SurgCenter Development Inc., Recent Surgical Health and Ambulatory Surgical Centers of America.

Surgery Partners Inc., a United States based healthcare services company, heavily invested around approximately USD 138 Million for the acquisition of surgical facilities and related businesses during 2016 which fueled the revenue of the company and helped it to grow all across the United States. Further, the company is focused to introduce new service offerings to provide a more comprehensive range of care.

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Moreover, the other leaders in U.S. ambulatory surgery center market are working towards the expansion of the surgical centers while strengthening their market revenue.

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