Authored By: Sarah
03 Sep 2024

Ambulatory Surgical Centers Market Size to grow by USD 25.4 billion between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Ambulatory Surgical Centers Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The Ambulatory Surgical Centers (ASC) market is experiencing significant growth, driven by an increasing number of strategic partnerships and collaborations between vendors and end-users, as well as medical technology companies. United Surgical Partners International's recent collaboration with Providence, a not-for-profit health system, is a prime example of this trend. Such strategic alliances are crucial for vendors to expand their distribution networks and enhance their product offerings, thereby fueling market growth during the forecast period.

Key Highlights

Growth Projections

The global ambulatory surgical centers market  size is estimated to grow by USD 25.4 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.03% during the forecast period. Growing cataract ambulatory surgeries is driving market growth, with a trend towards increasing number of partnerships and collaborations  However, financial constraints  poses a challenge.Key market players include Advanced Data Systems Corp., Community Health Systems Inc., eClinicalWorks LLC, Envision Healthcare, GE Healthcare Technologies Inc., Healthway Medical Corp. Ltd., McKesson Corp., NextGen Healthcare Inc., NorthShore University HealthSystem, Oracle Corp., Pediatrix Medical Group Inc., Pinnacle Surgery Center LLC, Prospect Medical Holdings Inc., SurgCenter, Surgery Partners Inc., Surgical Information Systems LLC, TeamHealth, Tenet Healthcare Corp., United Health Group Inc., and Veradigm LLC.

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Major Findings

  • The ambulatory surgical centers (ASC) market is witnessing significant growth, particularly in the area of cataract surgeries. This trend is driven by several factors, including the increasing prevalence of cataracts among the aging population, advancements in surgical technology, and the convenience and cost-effectiveness of ASCs compared to traditional hospitals. As a result, the number of cataract surgeries performed in ASCs is on the rise, making this a promising sector for investors and industry players.

  • The ambulatory surgical centers (ASC) market is experiencing significant growth due to the increasing prevalence of chronic diseases. Chronic conditions, such as diabetes, cardiovascular diseases, and orthopedic disorders, require frequent surgical interventions and follow-up care. ASCs offer cost-effective, high-quality outpatient services, making them an attractive alternative to traditional hospitals for managing these conditions. With advancements in medical technology and an aging population, the demand for ASC services is expected to continue rising.

  • Amidst the increasing financial pressures on healthcare systems worldwide, Ambulatory Surgical Centers (ASCs) have emerged as cost-effective alternatives to traditional hospitals. ASCs offer affordable surgical procedures by reducing overhead costs through efficient operations and streamlined processes. These centers prioritize outpatient care, enabling patients to recover at home, thereby reducing hospital stays and associated expenses. The financial constraints in the healthcare industry have accelerated the growth of the ASC market, as they provide an economical solution for both patients and payers.

  • Compliance with regulatory requirements is a crucial aspect of the ambulatory surgical centers (ASC) market. However, ambiguity in regulations can pose challenges for ASC operators. It is essential for these centers to stay updated with the latest regulatory guidelines to ensure smooth operations and maintain high-quality patient care. Failure to comply with regulations can result in penalties, fines, or even closure of the facility. Therefore, it is imperative for ASCs to prioritize regulatory compliance and work closely with regulatory bodies to clarify any ambiguities.

Market Research Overview

Technavio's market analysis encompasses the Ambulatory Surgical Centers (ASC) sector as part of the expansive global healthcare equipment market. This market segment consists of businesses involved in the research and development (R&D) of diverse product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are integral to the diagnosis, monitoring, and treatment of various diseases. The size of the global healthcare equipment market is determined by the total revenue generated by manufacturers of diagnostic equipment and devices, spanning multiple therapy areas. The healthcare equipment industry is segmented into Devices, which encompasses advanced, differentiated, and clinically tested data-driven devices.

The Ambulatory Surgical Centers Market is experiencing significant growth, fueled by the Growing cataract ambulatory surgeries. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The Ambulatory Surgical Centers (ASC) market signifies a significant growth trajectory, driven by the increasing preference for outpatient surgeries and procedural care. This trend is fueled by the advantages of ASCs, including lower costs, reduced wait times, and enhanced patient satisfaction. Key market players are focusing on expanding their service offerings and enhancing operational efficiencies to capitalize on this growing demand.

Research Analysis Overview

Ambulatory Surgical Centers (ASCs) have gained significant attention in the healthcare industry due to their role in providing cost-effective and convenient outpatient surgical services. These centers offer remote patient monitoring and data management, enabling physicians to deliver efficient care with minimal hospital stay. Government payers and self-care employers are increasingly turning to ASCs for affordable hospital procedure prices, reducing the financial burden of healthcare expenditure. ASCs specialize in emergency care, outpatient procedures, and surgical procedures, including laparoscopy, endoscopy, and minimally invasive surgeries. These centers cater to the geriatric population and those with chronic diseases, offering medical coverage for chronic disorders and minor operations. The convenience of outpatient surgery centers allows for non-invasive procedures to be performed in a mobile surgical setting, reducing medical bills and hospitalization costs. Diagnostic procedures are also common in ASCs, providing quicker turnaround times and more accurate results. With the increasing prevalence of chronic disorders and an older population, the demand for ASCs continues to grow. The future of ASCs lies in the integration of advanced technologies and telemedicine, further enhancing the convenience and affordability of healthcare services.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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