U.S. Ambulatory Surgery Centers Market Is Growing with the Increasing Number of Outpatient Surgical Procedures
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For millions of Americans, ambulatory surgery centers have transformed outpatient experience by providing them with a convenient alternative to hospital-based outpatient procedures. The U.S. ambulatory surgery centers market is witnessing significant growth due to the above-mentioned factors. Ambulatory surgery, or outpatient surgery, is a planned operation for which the patient is not expected to be admitted to the hospital.
Outpatient surgery is surgery that does not require an overnight hospital stay. Currently, there are more than 9,280 active ambulatory surgery centers in the United States.
Around 1,213 in California, 722 Florida, 710 in Texas, 514 in Georgia, 434 in Maryland, 333 in New York, 323 in New Jersey, 317 in Ohio, 263 in Arizona, and 253 in North Carolina. Due to increasing preference, the number of ambulatory surgical centers and outpatient facilities are also increasing in the United States. For instance, in 2019, Johns Hopkins opened one of the largest ambulatory surgery centers in Maryland. The majority of surgeries that take place at the Johns Hopkins Hospital are outpatient procedures, totaling nearly 25,000 operations a year.
Moreover, in July 2020, Stryker Corporation launched an ambulatory surgery center-focused business to meet the unique needs of emerging customer. Stryker is ready to meet the complex needs of ASCs while continuing to add value to healthcare. Furthermore, the U.S. ambulatory surgery centers market is expected to witness robust growth due to adequate reimbursement for surgeries performed in ambulatory surgical centers. Centers for Medicare and Medicaid Services (CMS), a federal agency in the U.S., offers adequate reimbursement for surgeries performed in an ambulatory surgical centers.
For instance, in 2019, CMS made changes in the ambulatory surgical center payment system and issued the CY 2020 Hospital Outpatient Prospective Payment System (OPPS). The U.S. ambulatory surgery centers market growth can be attributed to increasing shift from inpatient to outpatient surgical procedures, need to curtail escalating healthcare costs, and increasing demand for IT solutions such as telehealth, mHealth, and remote patient monitoring for better management. However, increasing preference for surgeries in hospitals is expected to act as a restraining factor for the U.S. ambulatory surgery centers market.
U.S. Ambulatory Surgery Centers Market - Competitive Landscape
Tenet Healthcare Corporation, AmSurg Corporation, Surgery Partners, Covenant Surgical Partners Inc., Regent Surgical Health L.L.C., and Getinge Group.
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