Global Ambulatory Surgery Center (ASC) Services Market is expected to grow at a decent rate of 6 to 7% by 2027 : North America Accounts for the Largest Market Share

Ambulatory surgical centers (ASCs) are state-of-the-art outpatient surgical facilities specializing in a wide range of same-day procedures, including diagnostic and preventive surgeries. ASCs represent an excellent option for individuals seeking to manage healthcare costs effectively. These centers predominantly serve individuals whose medical conditions don't require them to stay overnight in a hospital. Medical care is provided in settings other than conventional hospitals, and patients are usually able to leave shortly after their procedure has been completed.

Emerging ASC Services Market Trends and Dynamics

Cost efficiency plays an important role in the ASC services market's growth, as these centers often deliver high-quality care at a lower cost as compared to hospitals, thus making them an attractive choice for patients and insurance providers. The aging global population has also contributed to the global market's growth, as there is an increasing need for surgical procedures, and ASCs are well-suited to cater to the needs of this demographic.

For instance,

In November 2021, Effingham Ambulatory Surgery Center, in affiliation with United Surgical Partners International (USPI) and Sarah Bush Lincoln Health System (SBLHS), entered into a joint venture agreement and introduced a new total joint program. This program will ensure personalized patient support from pre-surgery scheduling through post-operative recovery.

Government support through regulatory measures and reimbursement policies has been instrumental in fostering the growth of ASCs. Furthermore, the patient experience at ASCs, characterized by personalized and comfortable care, has led to higher levels of patient satisfaction. The COVID-19 pandemic underscored the significance of maintaining separate, efficient healthcare settings for elective surgeries, bringing ASCs into the spotlight due to their focus on outpatient procedures. A growing trend of partnerships between providers and surgery center management and development companies is further expected to fuel the growth of the global ASC services market.

Growing Demand for Outpatient Care, Capabilities to Conduct Complex Surgeries, Convenience and Cost-Effectiveness of ASCs - Key Factors Fueling the Growth of the ASC Services Market

The global ambulatory surgery center (ASC) market has witnessed a substantial growth in recent years, driven by several key factors. First and foremost is the escalating demand for outpatient care, with ASCs offering a convenient and cost-effective alternative to traditional hospital-based surgeries. Additionally, rapid advancements in medical technology have broadened the scope of procedures that ASCs can undertake, including more complex surgeries, further enhancing their appeal.

The advancement of minimally invasive surgical techniques has led to a significant rise in the variety of procedures that can be conducted within ambulatory surgical centers. Ambulatory surgical centers are especially suitable for less invasive and minor surgical interventions. To enhance patient convenience, ambulatory surgical facilities are equipped with fully operational on-site operating rooms to accommodate a wide range of surgical procedures ensuring accessibility and flexibility.

For instance,

In August 2022, St. Mary's Ambulatory Surgery Center (SMASC), an affiliation of United Surgical Partners International (USPI) and Bon Secours, achieved a significant milestone by launching the first ambulatory surgery center in Virginia to employ an intelligent knee implant during total knee replacement surgery. This innovative technology aims to enhance the patient's recovery period, with a particular focus on improving postoperative physical therapy and mobility.

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North America Accounts for the Largest Share of the Global ASC Services Market

The expansion of the ambulatory surgical center services market in the North American region is significantly driven by an increased government backing for primary care services, increasing accessibility and coverage of outpatient services, and the presence of strong key players in the region.

The Asia-Pacific region is anticipated to experience a rapid growth during the forecast period. The proliferation of outpatient facilities can be attributed to the rising healthcare expenditures prompted by a higher incidence of chronic diseases, an ageing population, substantial healthcare spending, and rising hospitalization rates. These factors are likely to fuel the global market growth in this region.

Competitive Landscape Analysis: ASC Services Market

Some of the key players operating in the global ASC services market are AMSURG, United Surgical Partners International (USPI), Tenet Healthcare, Surgery Partners, Surgical Care Affiliates (SCA), and Regent Surgical Health.

Organic and Inorganic Growth Strategies Adopted by the Leading Market Players to Establish Their Foothold in the Global ASC Services Market

Leading players operating in the global ASC services market are adopting both organic and inorganic growth strategies such as new product launches, collaborations, and acquisitions to garner a larger market share.

For instance,

In November 2021, Tenet Healthcare Corporation and its subsidiary United Surgical Partners International (USPI), announced that they have entered into an agreement with SurgCenter Development (SCD) to acquire SCD. Under the terms of the agreement, Tenet/USPI will purchase SCD's ownership stake in 92 ambulatory surgery centers (ASCs) and other related ambulatory support services.

The global ASC services market is a growing market and is expected to gain a consistent momentum in the upcoming years due to a rise in the demand for cost-effective outpatient services, favourable reimbursement policies and aggressive organic and inorganic growth strategies followed by the key market players.

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Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

This release was published on openPR.