The global ambulatory surgical center market is expected to reach USD 152.6 billion by 2030 and representing a 6.4 percent CAGR during the forecast period 2022 to 2030.
Ambulatory surgical center (ASC) is a development in the healthcare field. It provides surgical care, does not require hospitalization, and provides cost-effective, time-saving solutions to patients. It adapts to the latest technologies in the field of medicine. It is regulated by state and federal bodies to ensure patient Safety. It deals with orthopedics, Pain management, Bariatric surgery, Podiatry, Ophthalmology, Obstetrics and Gynaecology, Endoscopes, and Dental. It provides same-day surgical care, including diagnostic and preventive procedures.
It has transformed the outpatient experience for millions of people and provides them with a more convenient alternative to hospital-based outpatient procedures. It has a strong record of quality care and positive patient outcomes. It offers diagnostic or primary healthcare services and treats patients who have already seen a healthcare provider. It has at least one operating room and the equipment needed to perform surgery safely and ensure quality patient care.
It has become a popular alternative to inpatient hospital settings. It offers flexible scheduling options, calmer and more comfortable environments, and lower costs. It conducts various surgeries such as Ophthalmology (eye) procedures, Ear, nose, and throat (ENT) procedures, Orthopedic procedures, Gastroenterology treatments, Vascular procedures, and Urology/proctology procedures. It manages both elective and essential procedures. It doesn't accept walk-in, urgent care, or emergency room, patients. It also provides care outside of regular business hours.
It offers various advantages over an inpatient hospital stay, such as lower costs, faster and more convenient care, fewer complication rates, reduced stress, Community-based, quality of care, etc. It only offers some of the services that a large hospital might. Fully-functional medical facilities focus on providing the best outpatient surgical treatments. It eliminates the need for extended overnight hospital stays. It has become a popular alternative to hospital-based outpatient procedures.
Growth Factors:
The global market is majorly driven by the increasing number of treatments provided as outpatient surgeries. In line with this, the rising demand for minimally invasive surgeries and rapid technological advancements in surgical devices and equipment significantly contribute to market growth. The growing healthcare costs are a significant concern, and few patients can afford the treatment they need. This has made healthcare providers develop solutions to make such services more affordable. Ambulatory surgical centers have come to the rescue. High hospitalization costs have led to a rise in outpatient visits.
The rapid adoption of technologically advanced techniques in outpatient centers positively influences market growth. The surging number of collaborations and acquisitions in the field catalyze market growth. The Increasing number of cataract surgeries and the rising prevalence of chronic disease propel the market growth. The growing geriatric population & chronic diseases worldwide favor the market growth. The rise in demand for inpatient and outpatient care services and the increasing cost of healthcare at general hospitals strengthen the market growth.
Government organizations across the world are implementing favorable reimbursement policies. The escalating demand for affordable surgeries and treatment options and the ability to provide cost-effective surgical treatment creates a positive outlook for the market. The rising prevalence of neurovascular disorders and rapid technological advancements catalyze market growth. The surging demand for minimally invasive neurovascular procedures propels the market growth. The sedentary lifestyle and unhealthy dietary habits favor the market growth. The high prevalence of non-communicable and chronic diseases and the advanced Healthcare infrastructure boosts the overall market growth.
The ambulatory surgical centers perform non-invasive and minor operations. It is the best choice for people who cannot afford medical bills. It specializes in same-day surgical procedures and is fully equipped with an operating room. The increasing number of the ambulatory surgical center and the rising healthcare expenses strengthens the market growth.
The growing frequency of chronic disorders and the surging burden of surgical procedures on hospitals fuels the market growth. The rise in the number of surgeries, increasing geriatric population, growing acceptance of ambulatory surgical centers, and technologically advanced treatments catalyze market growth. The favorable reimbursement policies and technological developments in surgical tools bolster market growth.
Ambulatory Surgical Center Market Report Scope:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 98.63 Billion |
| Projected Forecast Revenue in 2030 | USD 152.6 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 6.4% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2022 to 2030 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Report Highlights:
Based on the application, the gastroenterology segment dominated the market and accounted for the largest revenue share due to the increasing number of gastroenterology departments worldwide. Plastic surgery is expected to be the fastest-growing segment due to the high preference for nonsurgical and minimally invasive surgeries.
Regional Snapshots:
Based on the region, North America dominated the market and accounted for the largest revenue share. This is due to the increasing prevalence of chronic conditions, expanding outpatient coverage, and rising government support for primary care services. Factors such as the growing geriatric population and the surging number of ambulatory surgical centers propel the market growth. On the other hand, Asia Pacific is expected to witness a promising CAGR in the coming years due to the developing healthcare infrastructure, expansion of outpatient facilities, increasing Healthcare expenses, the aging population, and the escalating hospitalizations rates driving the ambulatory surgical center market growth across the globe.
Market Dynamics:
Market Driver: Increasing demand for minimally invasive procedures
The increasing demand for minimally invasive procedures significantly contributes to market growth. The rising demand for safe outpatient surgical services and procedures and the rapid technological advancements in surgical instruments and equipment positively influence the market growth. The favorable reimbursements and government policies create a positive outlook for the market. The growing requirements for minimally invasive procedures and the developments in medical accessories and instruments catalyze market growth.
The surging prevalence of chronic diseases propels the market growth. The aging population base and the widespread availability of minimally invasive therapies for better patient management strengthen the market growth. The senior population is more prone to chronic disorders and other ailments due to weakening immunity. The high occurrence of chronic diseases favors market growth. The lower risk of infections in ASCs boosts the overall market growth. The rapid technological advancements in hospital infrastructure create a positive outlook for the market.
The supportive financial assistance and the emergence of hospital-owned ambulatory surgical centers fuel the market growth. The prevalence of hearing loss disorders and the surging occurrence of ENT disorders accelerates market growth. The wide range of services provided by ambulatory surgical centers and the advanced healthcare infrastructure boost the overall global market growth.
Market Opportunity: Rising occurrence of chronic disorders
The rising occurrence of chronic disorders offers numerous opportunities for market growth. The increasing prevalence of acute conditions such as cancer and cardiovascular disorders significantly contributes to market growth. The availability of affordable treatment and the growing diagnosis of chronic disorders positively influence market growth. The strategic collaborations between industry players and the partnerships that enable their business expansion and strengthen their market position catalyze market growth.
The increasing need to cut healthcare costs and government and public health organizations' heavy investments and initiatives favors market growth. The favorable reimbursement scenario strengthens the market growth. The strategies such as mergers, acquisitions, and expansions boost market growth. The shifting preference towards ambulatory settings and the surging number of surgical procedures in ambulatory surgical centers fuel the market growth. The development of new and innovative solutions in these healthcare settings drives market growth.
Market Restraint: Disadvantages associated with ASCs
The disadvantages of ambulatory surgical centers restrict the market growth. People highly prefer outpatient surgery centers for surgical procedures. However, several drawbacks of ambulatory surgical centers hamper the market growth during the forecast period. These disadvantages associated with it are complications & emergencies during surgeries, no plans for contingencies, lack of overnight facilities, etc. Difficulties or complications during surgeries may require patients to be transferred from ambulatory surgical centers to nearby hospitals. These disadvantages restrict the market growth during the forecast period.
Market Challenge: High expense of medical devices
The huge expense of medical devices challenges the ambulatory surgical centers' market growth. Furthermore, the shortage of skilled professionals and lack of healthcare infrastructure in developing countries hamper market growth.
Key Developments:
Some of the prominent players include:
Segments Covered in the Report
By Modality
By Surgery Type
By Speciality Type
By Service
By Components
Buy this Research Report@ https://www.precedenceresearch.com/checkout/1535
You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 9197 992 333
