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What's driving the U.S. Ambulatory Surgical Centers Market size? Key players are AMSURG, ASD Management, Constitution Surgery Alliance, Foundation Healthcare, HCA Healthcare, Nobolis, Proliance Surgeons, Inc., SurgCenter Development, Tenet Healthcare

03-27-2020 11:09 AM CET | Business, Economy, Finances, Banking & Insurance

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U.S. Ambulatory Surgical Centers Market

U.S. Ambulatory Surgical Centers Market

U.S. ambulatory surgical centers industry can be classified into dental, endoscopy, plastic surgery, obstetrics/gynecology, neurology, cardiovascular, orthopedic, and others. Plastic surgery segment is estimated to be worth more than US$3 billion by 2026 owing to a substantial rise in the number of aesthetic surgical procedures in the U.S. over the past few years.

U.S. ambulatory surgical centers market is anticipated to witness unprecedented growth throughout the forecast timeframe. This can be primarily attributed to the growing burden of various chronic health conditions among the U.S. adult and geriatric population. Ambulatory surgical centers continue to gain prominence as cost-effective and faster options for surgeries as compared to hospitals and other medical establishments.

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On the basis of ownership, the market can be segmented into physician only, corporation only, hospital only, hospital & corporation, and physician & corporation. The physician & corporation segment is projected to record a healthy CAGR of 4.4% through 2026. This can be credited to the fact that the corporation handles all financial matters, allowing the physician to focus only on surgical procedures in the facility.

U.S. ambulatory surgical center industry can be bifurcated into diagnosis and treatment on the basis of service provided. Treatment segment will experience a CAGR of more than 5% during the analysis period. This can be mainly attributed to the fact that ambulatory surgical centers act as a low-cost treatment option for consumers as compared to hospitals.

Citing statistical data from the American Society of Plastic Surgeons (ASPS), in 2018, approximately 18 million people in the U.S. underwent minimally invasive cosmetic surgeries. Growing awareness towards the fact that the cost of these procedures when performed in ambulatory surgical centers is about 30 to 40 percent cheaper as compared to hospitals will drive the segment growth.

Cardiovascular sector is another surgery type segment that may help drive U.S. ambulatory surgical centers market. The industry growth from this sector can be credited to the increasing prevalence of heart-related ailments across the United States, that stems from unhealthy eating habits and a sedentary lifestyle.

Considering the specialty type, the market can be segmented into single-specialty and multispecialty. Increasing availability of highly-skilled surgeons and staff in single-specialty centers with years of experience in providing disease-centered treatment and care is driving the market for single-specialty ambulatory centers. Single-specialty segment is projected to exceed US$21 billion by 2026.

Single-specialty ambulatory surgical centers provide lean efficient operations that significantly help cut costs. By focusing on providing on only one or two complementary services, single-specialty centers typically have specialized staff that further help minimize costs. In addition, single-specialty ASCs are far less resource-intensive compared to multi-specialty centers, which will drive the segment growth.

Additionally, ASCs offer much faster treatment to patients compared to hospitals, minimizing the waiting time for patients. Ambulatory surgery centers have transformed outpatient experience for millions of Americans by offering a more convenient treatment alternative, with excellent quality care and positive patient outcomes, to hospital-based outpatient procedures.

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