Ambulatory Surgical Centers Market is Moving Fast! | Major Key Companies are ASD Management, AmSurg, Covenant Surgical Partners, Ambulatory Surgical Centers of America, Physicians Endoscopy, HCA Healthcare, SurgCenter Development

Ambulatory surgical centers market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their price change details, cost/revenue structure. Additionally, the analysis offers a detailed breakdown of key market growth drivers and limitation along with impact analysis of the same.

Also known as outpatient surgical centers, ambulatory surgical centers have a pivotal role to play during the unprecedented medical emergencies brought on by the COVID-19 pandemic. As the costs of services and surgeries performed in ASCs is lower when compared to hospitals and clinics and the total turnover time is lesser, the demand for these specialized operating clinical ecosystems has been spiraling internationally.

The following top seven factors have been inducing greater demand across the global ambulatory surgical centers market outlook:

Physicians only ASCs to witness an uptick in demand in North America

In terms of ownership, the North America ambulatory surgical centers industry share is segmented into hospital only, physician only, corporation only, hospital & corporation, physician & corporation, and physician & hospital. During 2017, the physicians only segment was valued at $13 billion and is slated to soar by 2024.

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The increasing access to cost-effective medical procedures, alongside the availability of supportive reimbursement benefits across physician owned ASCs has been boosting the demand. Across these ambulatory surgical centers, physicians can collaborate with neurology, orthopedic, and other specialists to cater to the needs of patients.

Rising demand for diagnosis & detection of diseases in Europe

The Europe ambulatory surgical centers market size has been augmenting on account of the rising requirement of diagnosis and detection of diseases. As the incidence of chronic ailments has been on the rise, the population in the region has been growing more conscious about the benefits of timely diagnosis for ensuring better outcomes.

The industry share from the diagnosis and detection segment is projected to surpass $6.5 billion by 2024. Ambulatory surgical centers have been offering high quality and cost-effective solutions for detecting diseases using high-end medical tools & equipment. As compared with hospitals, ambulatory surgical centers are less crowded and ensure faster turnover time.

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Growing volume of dental surgeries in America

The dental surgery segment accounted for nearly 3.5% of the total North America ambulatory surgical centers market share during 2017 and is slated to register a higher revenue through the forthcoming years. The growth in the number of patients suffering from tooth decay, dental complications, and infections has been pushing the demand for faster procedures.

The growth in the dental expenditure by the federal government has also been supporting the growth of the industry. Recent advancements in technology have been enabling easier dental treatments with significantly lower pain. Schedule delays can be avoided when one opts for dental treatments in ambulatory surgical centers, as the number of dentists across ASCs has been escalating amid the pandemic.

U.S. to emerge as a lucrative market

The ambulatory surgical centers market in the U.S. has been exhibiting a rising curve since the last few years and the revenue from the segment is expected to grow at a 4.5% CAGR through 2024. The dramatic increase in the number of patients during the COVID-19 pandemic has been responsible for this trend.

The overall North America ambulatory surgical centers industry outlook is certain to progress with the augmented availability of minimally invasive treatments in the ASC settings. The U.S. was accountable for more than 95% of the regional industry share, thanks to the high degree of awareness related to the advantages associated with ambulatory surgical centers.

Orthopedic surgeries to accelerate demand in European countries

The Europe global ambulatory surgical centers industry forecast has been registering a marked rise in revenue, thanks to the growing demand for orthopedic surgeries across ASCs. The demand for these surgeries has been expanding due to the rise in the number of patients suffering from obesity and degenerative bone diseases such as osteoarthritis osteoporosis.

Rapid ageing, inactive lifestyles, and higher life expectancy are some factors creating opportunities for the European industry for ASCs. Several individuals are undergoing treatments such as knee joint endoprosthesis, shoulder replacement, hip endoprosthesis, total knee angioplasty, and spinal disc herniation.

Surging demand for multispecialty ambulatory surgical centers in Asia
The multispecialty segment in the Asia Pacific ambulatory surgical centers market has been picking pace due to the outbreak of the COVID-19 pandemic. The high volume of patients in the densely populated cities of Asia has been a major factor responsible for the popularity of these centers, where overcrowding can be avoided.

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During 2017, the segment was representative of a share of 42% of the regional ASC market, driven by the escalating healthcare expenditure across countries such as Japan and India. Multispecialty ASCs offer treatment for a wide array of health conditions including general surgery, urology, plastic surgery, orthopedic surgery, and ophthalmology. As these centers are well-equipped with the essential medical devices and infrastructure, they are likely to exhibit high growth.

Increasing availability of latest medical devices in India

The APAC ambulatory surgical centers market is certain to gain a substantial portion of the total revenue of the global market, assisted by India. The increasing availability of latest medical devices across India has been enabling ASCs to cater to the needs of neurological and other serious conditions.

The Indian government has been taking numerous initiatives toward the higher availability of advanced medical tools and devices in ambulatory surgical centers throughout India. It has been focusing on offering high-quality patient care in lesser space at low costs. This need for cost-efficient, space-saving, and convenient healthcare environment has been spurring the demand for ASCs in India.

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