Ambulatory Surgery Center Market: Unraveling Growth Opportunities, Market Segments, and Competitive Strategies in Outpatient Healthcare

The ambulatory surgery center market size has grown strongly in recent years. It will grow from $78.03 billion in 2023 to $83.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to reimbursement policies, regulatory environment, patient demand for convenience, advances in anesthesia, market competition.

The ambulatory surgery center market size is expected to see strong growth in the next few years. It will grow to $103.59 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to global health events and preparedness, collaboration with health systems, telemedicine integration, focus on chronic disease management, population health management. Major trends in the forecast period include digital documentation and ehr optimization, technological infrastructure, advancements in medical technology, digital health integration, remote patient monitoring, collaboration with health systems.

Market Overview -
An ambulatory surgery center (ASC) is a specialized medical facility that provides outpatient surgical care, including diagnostic and preventive procedures. It is used to transform the outpatient experience by providing more convenient scheduling, specially trained staff, and equipment best-suited to specific techniques.

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Surge In Surgical Procedures Fuels Growth Of Ambulatory Surgery Center Market
An increasing number of surgeries is expected to propel the growth of the ambulatory surgery center market in the coming years. Surgery is a medical specialty that uses manual and/or instrumental procedures to physically change internal functions, enhance appearance, or remove or replace undesired tissues or foreign entities. Ambulatory surgery facilities provide outpatient surgical treatments, encouraging cost-effective, specialized treatment with faster recovery periods than regular hospitals. For instance, in September 2023, according to the International Society of Aesthetic Plastic Surgery, a US-based international professional body, plastic surgeons conducted in 2022 had approximately 14.9 million surgical and 18.8 million non-surgical treatments globally, representing an 11.2% rise overall. Therefore, the rising number of surgeries is driving the ambulatory surgery center market.

Competitive Landscape -
Major companies operating in the ambulatory surgery center market report are McKesson Corporation, HCA Healthcare, Medtronic PLC, Tenet Healthcare, Philips Healthcare, GE HealthCare Technologies Inc., Cerner Corporation, Zimmer Biomet, Optum Inc., Epic Systems Corporation, United Surgical Partners International, Surgery Partners, SCA Health, Athenahealth Inc., Prospect Medical Systems, eClinicalWorks, Medical Information Technology Inc, NextGen Healthcare, AMSURG, Hunterdon Healthcare, Surgical Information Systems, CureMD Healthcare, Advanced-Data Systems Corporation, Beaumont Health, HST Pathways, Meditouch, Ambulatory Surgical Centers of America, Pinnacle Surgery Center LLC, Center for Health Ambulatory Surgery Center LLC, Surg Center Gilbert

Advancements In Electronic Health Records Drive Ambulatory Surgery Centers Toward Enhanced Patient Care And Efficiency
Major companies operating in the ambulatory surgery centers market are focused on technologically advanced products such as ambulatory cloud EHR software for better usability, value-based treatment, and patient experience. Ambulatory cloud EHR software refers to cloud-based electronic health record solutions designed for outpatient care, offering accessible, scalable, and secure management of patient records and clinical workflows. For instance, in October 2023, eClinicalWorks, a US-based company that offers cloud-based electronic health record software for ambulatory care, launched an innovative EHR software version, V12. The V12 offers enhanced application performance, up to 40% quicker. A module for pre-visit planning Enhanced accessibility with click reductions and new drug management displays A floating toolbar provides simple access to critical workflow components such as patient information, a virtual assistant, and documents.

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Key Segments -

The ambulatory surgery center market covered in this report is segmented -

1) By Components: Services, Software, Hardware
2) By Center Type: Single Speciality Centers, Multispecialty Centers
3) By Modality: Hospital-Based Ambulatory Surgical Center, Freestanding Ambulatory Surgical Center
4) By Application: Orthopedics, Pain Management Or Spinal Injections, Gastroenterology, Ophthalmology, Plastic Surgery, Otolaryngology, Obstetrics Or Gynecology, Dental, Podiatry, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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