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Ambulatory Surgical Centre Market Set to Witness an Uptick during 2016-2026

10-30-2017 07:22 AM CET | Health & Medicine

Press release from: Future Market Insights

Ambulatory Surgical Centre Market Set to Witness an Uptick

The global ambulatory surgical centres (ASCs) market is currently witnessing high growth mainly due to an increasing demand for quick, cost-effective, and high-quality medical services as a viable alternative to inpatient care. In terms of revenue the global ambulatory surgical centres market is projected to expand at a CAGR of 3.9% during the forecast period (2016–2026) and is expected to be valued at US$ 108.5 Bn by the end of 2026 – projecting a 1.5X increase during this period. Market growth is likely to be driven largely by the rise in healthcare spending along with a growing number of ASCs.

The global ambulatory surgical centres market is segmented based on centre type into single speciality centres and multi-specialty centres; based on modality into hospital-based ambulatory surgical centres and freestanding ambulatory surgical centres; based on services into diagnostic services and surgical services; and based on specialty area into gastroenterology, ophthalmology, orthopaedics, pain/neurology, urology, dermatology, and others. The hospital-based ambulatory surgical centres segment is expected to witness relatively higher growth rates in terms of value in the global ambulatory surgical centres market over the forecast period. Currently, the gastroenterology specialty area segment accounts for a relatively higher revenue share, followed by ophthalmology and pain/neurology segments.

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Key market drivers and trends

Growth of the global ambulatory surgical centres market is primarily driven by increasing prevalence of chronic diseases and an ageing population worldwide. This has resulted in an increase in the number of outpatient admissions in ASCs. Other factors contributing to the growth of the global ambulatory surgical centres market include a growing focus on healthcare costs containment, increased medicare spending on ASC services such as lumbar spine surgery and hysterectomy, cost-effective medical procedures offered by ASCs, and a growing demand for ASCs globally. The need for repetitive diagnosis during treatment is also expected to drive revenue growth of the global ambulatory surgical centres market. However, inadequate marketing of ASC services, declining reimbursements, lack of physicians, and a high rate of claim denials are some factors expected to hamper the growth of the global ambulatory surgical centres market over the forecast period.

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A major trend witnessed in the global ambulatory surgical centres market is the declining number of freestanding ambulatory surgical centres and a growing number of hospital-based ambulatory surgical centres. Large healthcare organisations are building multi-specialty facilities within their primary establishments and are setting up regional ASCs to gain a larger share of the market. A few other notable trends include development of big multi-service ambulatory care centres as replacement hospitals and the rise of independent single specialty ASCs.

Region-wise market projections

The global ambulatory surgical centres market was valued at US$ 71.4 Bn in 2015 and is estimated to reach US$ 108.5 Bn by the end of 2026, registering a CAGR of 3.9% over the forecast period. North America held 52.3% share of the global ambulatory surgical centres market share in 2015 and is projected to remain the dominant market in terms of value contribution. This market was valued at US$ 37.3 Bn in 2015 and is expected to reach US$ 58.9 Bn by 2026, expanding at a CAGR of 4.3% during the forecast period. The APEJ market was valued at US$ 5.7 Bn in 2015 and is expected to reach US$ 8.3 Bn by the end of 2026, expanding at a CAGR of 3.6% during the forecast period. The Western Europe regional market accounted for 24.8% share of the global market in 2015. This market was valued at US$ 17.8 Bn in 2015 and is expected to reach US$ 26.2 Bn by the end of 2026, expanding at a CAGR of 3.7% over the forecast period. The markets in North America, Western Europe, and Eastern Europe collectively hold 82% of the global ambulatory surgical centres market share.

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Key market players

Some key players in the global ambulatory surgical centres market are AmSurg Corp., HCA Holdings Inc., Tenet Healthcare, Surgical Care Affiliates Inc., Surgery Partners, Ambulatory Surgical Centres of America, Medical Facilities Corporation, Healthway Medical Group, Community Health Systems, Inc., and Vision Group Holdings.

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ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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