Ambulatory Surgical Center Market Revenue to Attain USD 1,061.35 Mn by 2033

17 Oct 2024

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Table of Content

1. Ambulatory Surgical Center Market Revenue and Trends 2. Market Overview 3. Ambulatory Surgical Center Market Report Highlights 4. Ambulatory Surgical Center Market Trends 5. Regional Snapshot: 6. Ambulatory Surgical Center Market Coverage

Ambulatory Surgical Center Market Revenue and Trends

The global ambulatory surgical center market size was valued at USD 93.81 billion in 2023 and is expected to attain at USD 150.13 billion by 2033, registering a compound annual growth rate (CAGR) of 5% from 2024 to 2033. The market is experiencing substantial growth due to the increasing demand for outpatient procedures and the growing focus on cost-effective healthcare delivery. The rising number of ASCs, coupled with the need for efficient and specialized care, is driving the market growth. 

Market Overview

Ambulatory surgical center (ASC) is a development in the healthcare field. It provides surgical care and reduces the need for hospitalization. ASCs adapt to the latest technologies in the field of medicine. These centers are regulated by state and federal bodies to ensure patient Safety. They deal with orthopedics, pain management, bariatric surgery, podiatry, ophthalmology, obstetrics and gynaecology, endoscopes, and dentistry. They provide same-day surgical care, including diagnostic and preventive procedures.

ASCs have transformed the outpatient experience for millions of people and provide them with a more convenient alternative to hospital-based outpatient procedures. They have a strong record of quality care and positive patient outcomes. ASCs offer diagnostic or primary healthcare services and treat patients. They have at least one operating room and the equipment needed to perform surgery safely and ensure quality patient care.

Ambulatory Surgical Center Market Report Highlights

• Based on specialty type, the single-specialty segment led the market in 2023. This is mainly due to single-specialty ASCs provide specialized care for a particular disease at a low cost compared to hospitals and clinics.
• On the basis of surgery type, the plastic surgery segment is expected to be the fastest-growing segment in the coming years due to the high preference of ASCs for nonsurgical and minimally invasive surgeries.
• In terms of ownership, the physician only segment dominated the market with the largest share in 2023. This is primarily due to these ASCs provide better treatment plans, allowing direct collaboration with physicians and enhancing patient satisfaction.
• The rapid adoption of technologically advanced techniques in outpatient centers positively influences market growth. The surging number of collaborations and acquisitions in the field catalyzes 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 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.

Ambulatory Surgical Center Market Trends

Rising healthcare costs: The rising healthcare costs encourage patients to receive care from outpatient settings. However, ambulatory surgical centers are beneficial in terms of cost. Moreover, these settings provide same day operation, reducing the need for hospitalization. The increasing number of ambulatory surgical centers further drives the market growth.

Rising occurrence of chronic disorders: The rising occurrence of chronic disorders creates numerous opportunities in the market. The increasing prevalence of acute conditions, such as cancer and cardiovascular disorders, significantly contributes to market growth. However, chronic disorders often require regular care to manage conditions and ASCs are well-suited for regular care due to the availability of affordable treatment. Moreover, strategic collaborations between industry players and hospitals to develop outpatient settings strengthen the market.

Increasing demand for minimally invasive procedures: With the increasing demand for minimally invasive procedures, ASCs are heavily adopting advanced technologies to cater to patients’ varying demand. In addition, the rising number of reimbursement policies for outpatient surgeries encourages patients to perform surgeries in ASCs, creating a positive outlook for the market. 

Regional Snapshot:

North America dominated the ambulatory surgical center market with the largest revenue share in 2023. This is due to the increasing prevalence of chronic conditions, expanding outpatient coverage, and rising government support for outpatient services. Factors such as the growing geriatric population and the surging number of ambulatory surgical centers propel the market growth. In addition, regional market players are focusing on business development strategies to boost their presence and cater to customers across the region.

On the other hand, Asia Pacific is expected to witness the fastest growth in the coming years due to rising government initiatives to expand healthcare infrastructure, the rising number of outpatient facilities, increasing healthcare expenditures, an aging population, and escalating hospitalization rates. In addition, the increasing prevalence of chronic diseases further propels the regional market growth.

Ambulatory Surgical Center Market Coverage

Market News

• In May 2024, Panoramic Health, an integrated kidney care provider group, expanded its presence by opening a new five-operating-room ASC in partnership with Florida Kidney Physicians in Tampa, Florida. This expansion will improve the delivery of outpatient care and enhance the overall patient experience.

Segments Covered in the Report

By Ownership

• Physician Only
• Hospital Only
• Corporation Only
• Physician & Hospital
• Physician & Corporation
• Hospital & Corporation

By Surgery Type

• Dental
• Otolaryngology
• Endoscopy
• Obstetrics / Gynecology
• Opthalmology
• Orthopedic
• Cardiovascular
• Neurology
• Plastic Surgery
• Podiatry
• Others

By Speciality Type

• Multi-specialty
• Single specialty

By Service

• Diagnosis
• Treatment

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