How big is the ambulatory surgery center market?

According to the report published by Grand View Research, Inc., factors such as increasing demand for minimally invasive surgeries, growing technological developments and rising geriatric population are some of the major reasons expected to keep the market growth up for the forecasted period.

According to a report, “Ambulatory Surgery Center Market Size, Share & Trends Analysis Report By Application (Orthopedics, Plastic Surgery, Ophthalmology, Gastroenterology, Pain Management), By Region, And Segment Forecasts, 2019–2026”, published by Grand View Research, Inc. The global ambulatory surgery centers market size is expected to reach USD 120.8 billion by 2026, based on a new report by Grand View Research, Inc., exhibiting a 6.1% CAGR during the forecast period. Increase in incidence of chronic diseases and rise in geriatric population have furthered the demand for ambulatory surgery centers. Furthermore, advancements in surgeries, such as endoscopy and laparoscopy, are expected to propel ASC market growth.

With the increasing hospitalization costs, rising technologically advanced healthcare means such as telemedicine and growing outpatient visits, hospitals have been witnessing decrease in patient admissions all over. This is beneficial for the ASC market as advanced surgical infrastructure like ASC allow tests and procedures to be performed without hospital admission. Also, according to the American Hospital Association, the total number of outpatient admissions increased from 624 million in 2008 to 675 million in 2012. The number of inpatient admissions decreased from 35.76 million in 2008 to 34.40 million in 2012.

Supportive reimbursement in the countries like U.S.A and U.K are gaining a better coverage and increasingly moving towards covering multiple illnesses. Along with that, COVID-19 pandemic has highlighted the urgent need for additional infrastructure to support the current hospitals. These factors are playing a major role in boosting the ASC market growth.

North America held the dominant share in 2018, driven primarily by U.S. Leading market players in the country are acquiring ambulatory services to provide technologically advanced surgeries and treatments, further propelling demand for ambulatory and primary care services. Asia Pacific is likely to emerge as a strong contender in the global scenario.

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www.grandviewresearch.com/industry-analysis/ambulatory-surgery-center-asc-market/request/rs1

Further key findings from the study suggest:

· In May 2020, AMSURG, national leader in the management of ambulatory surgery centers (ASC), developed guidelines to support the delivery of safe, quality outpatient care. It became a major help in handling and managing the elective procedures during the COVID-19 pandemic.

· In June 2020, it was announced that 33 new major hospitals in USA have started their work on establishing new ASCs. This is expected to provide a huge boost to the growth of Ambulatory Surgery Centers Market.

· In 2018, gastroenterology accounted for the largest share in the market by application. This can be attributed to surge in visits to ambulatory care centers for treatment of gastrointestinal diseases. It is one of the most common surgical specialties in single- or multi-specialty ASCs

· Plastic surgery is anticipated to observe the fastest growth in the coming years due to rise in disposable income and growing preference for private care facilities in comparison with hospital surgery centers for plastic surgery. Time and cost advantages, as well as expertise offered by these ambulatory centers, are anticipated to boost demand for plastic surgeries in these settings

· On the basis of region, North America dominated the market in 2018 thanks to increased government funding focused on transforming primary care services and rise in coverage for outpatient services

· Asia Pacific is expected to witness lucrative growth in the coming years owing to presence of developing economies, increasing awareness about ASCs, and investments by international players

· Key players in the market include Envision Healthcare Corporation; Terveystalo; Tenet Healthcare Corporation; MEDNAX Services, Inc.; TeamHealth, Quorum Health Corporation; UnitedHealth Group; Surgery Partners; Community Health Systems, Inc.; and Healthway Medical Group.

Grand View Research has segmented the global ambulatory surgery center market by application and region:

ASC Application Outlook (Revenue, USD Million, 2015–2026)

· Ophthalmology

· Orthopedics

· Gastroenterology

· Pain Management/Spinal Injections

· Plastic Surgery

· Others

ASC Regional Outlook (Revenue, USD Million, 2015–2026)

· North America

o U.S.

o Canada

· Europe

o Germany

o U.K.

o France

o Italy

o Spain

· Asia Pacific

o China

o Japan

o India

o Australia

o New Zealand

· Latin America

o Brazil

o Mexico

· Middle East and Africa

o South Africa