Ambulatory Surgical Centre Market

Ambulatory Surgical Centres Market: Ophthalmology Expected to be the Second Lucrative Segment by Speciality Area: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

  • 2017-09-26
  • REP-GB-5071
  • 296 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Ambulatory Surgical Centre Market

This study offers a comprehensive, 360 degree analysis on the Ambulatory Surgical Centre market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Ambulatory Surgical Centre market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Ambulatory Surgical Centres (ASCs) are healthcare facilities focussing on delivering same-day surgical care, including diagnostic and surgical (preventive) procedures. These are also called outpatient surgery centres and same day care centres in certain countries such as the U.K., Germany and certain Asian countries. Ambulatory surgical centres are highly regulated by federal and state entities to ensure safety and quality.

The first ASC was established in 1970, in Phoenix, Arizona. As per the Center of Medicare and Medical Services, the number for Medicare certified ASCs in the U.S. totalled 5,400 in 2015. Various specialties offered in ASCs include ophthalmology, orthopaedics, gastroenterology, pain management, urology, dermatology and others. Most ASCs today are owned and operated by community physicians. Some ASCs are jointly owned by local hospitals and physicians.

Market Value and Forecast

In terms of revenue, the global ambulatory surgical centres market is anticipated to grow at a CAGR of 4.1% during the forecast period and is projected to be valued at US$ 113,046.7 million by the end of 2027.

Market Dynamics

Growth of the global ambulatory surgical centres market is principally driven by a growing focus on containment of healthcare costs and increased Medicare spending on ASCs. ASCs are primarily focussed on increasing number of facilities and types of procedures performed. Increasing the types of procedures provided offers ASCs with greater variety of reimbursement opportunities. ASCs across the world are constantly making efforts to expand their range of services to drive patient influx and increase revenues. The growth of ASC surgeries is likely to continue to outpace hospital outpatient surgical growth. Also technological advancements and market consolidation have led to ASCs supporting more complex cases such as major spine, total hip, platelet, and plasma therapy cases.

Various healthcare organisations such as Health Maintenance Organizations (HMOs), healthcare systems and large group practices are developing multiple speciality facilities within the premises of their primary healthcare facility thus establishing attractive global market share. This helps the facility to grow at a faster pace and gain larger market share. Thus, the market is facing immense competition and market contributors are finding it difficult to reap profits.

The major trend witnessed in the global ambulatory surgical centres market is a declining number of free standing ambulatory surgical centres, whereas more centres are built within a larger facility that offers a wider array of ambulatory care services to achieve economies of scale and gain a competitive edge.

Market Segmentation, by Centre Type

Based on product type, the market is segmented into single speciality centres and multispecialty centres. In terms of revenue share, the multispecialty centres segment dominated the global ambulatory surgical centres market in 2016 and is expected to retain its dominance throughout the forecast period. The single speciality centres segment is expected to witness relatively higher growth rates in the global ambulatory surgical centres market over the forecast period.

Market Segmentation, by Modality Type

Based on modality type, the global ambulatory surgical centres market is segmented into hospital-based ambulatory surgical centre and freestanding ambulatory surgical centre. In terms of revenue share, the hospital-based ambulatory surgical centre segment dominated the global ambulatory surgical centres market in 2016 by registering higher CAGR as compared to other modality type segments. The freestanding ambulatory surgical centre segment is expected to witness relatively higher growth rates in the global ambulatory surgical centres market over the forecast period.

Market Segmentation, by Services

Based on service type, the global ambulatory surgical centres market is segmented into diagnostic services and surgical services. In terms of revenue share, the surgical services segment dominated the global ambulatory surgical centres market in 2016 by registering higher CAGR as compared to other service type segments. The diagnostic services segment is expected to witness relatively higher growth rates in the global ambulatory surgical centres market over the forecast period.

Market Segmentation, by Speciality Area

Based on speciality area, the market is segmented into gastroenterology, ophthalmology, orthopaedics, pain/neurology, urology, dermatology and others. In terms of revenue share, the gastroenterology segment dominated the global ambulatory surgical centres market in 2016 and is expected to dominate throughout the forecast period. The ophthalmology segment is expected to witness relatively higher growth rates registering higher CAGR as compared to other speciality area segments in the global ambulatory surgical centres market over the forecast period.

Key Regions

The global ambulatory surgical centres market is segmented into seven major regions: North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia Pacific excluding Japan), Japan and Middle East & Africa (MEA). In terms of value share, North America was the dominant regional market in 2016 and is expected to expand at a CAGR of 4.4% over the forecast period. APEJ is expected to be the fastest growing market registering a CAGR of 3.7% over the forecast period followed by North America and Western Europe.

Future Market Insights (FMI) offers a 10-year forecast of the global ambulatory surgical centres market. The primary objective of the report is to offer updates and information related to market opportunities in the global ambulatory surgical centres market. The primary objective of the report is to offer insights on the market dynamics that can influence growth of the global ambulatory surgical centres market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the ambulatory surgical centres market are presented in the report.

The global market for ambulatory surgical centres is expected to witness relatively higher growth in terms of value owing to rising focus on containment of healthcare costs, improved economic conditions leading to migration of patients towards ASCS and rise in ASC procedure volume and complexity. Moreover, there have been initiatives to harmonise the data collection in regions such as Western Europe to provide better policy advice to decision makers thereby creating high potential growth opportunities for players operating in the global ambulatory surgical centres market. The ambulatory surgical centres market in North America is expected to dominate the global ambulatory surgical centres market due to its rapid technological advancements and also because of favourable reimbursement policies as compared to other regions. To understand and assess opportunities in this market, the report offers market forecast on the basis of centre type, modality type, service type, speciality area and region. The report provides analysis of the global ambulatory surgical centres market in terms of market value (US$ Mn).

The global ambulatory surgical centres market is segmented on the basis of centre type into:

  • Single Speciality Centres

  • Multispecialty Centres

The report begins with the market overview, market definition, and taxonomy followed by market definitions, insights on parent market and opportunities. The market dynamics section includes FMI’s analysis on regional key trends, drivers, restraints, government regulations and guidelines influencing the growth of the global ambulatory surgical centres market.

The report also analyses the market on the basis of modality type and presents forecast in terms of value for the next 10 years. On the basis of modality, the global ambulatory surgical centres market is categorised into:

  • Hospital-based Ambulatory Surgical Centre

  • Freestanding Ambulatory Surgical Centre

Next, the report analyses the market on the basis of service type and presents forecast in terms of value for the next 10 years. On the basis of services, the global ambulatory surgical centres market is segmented into:

  • Diagnostic Services

  • Surgical Services

The report also analyses the market on the basis of speciality area and presents forecast in terms of value for the next 10 years. On the basis of speciality area, the global ambulatory surgical centres market is segmented into:

  • Gastroenterology

  • Ophthalmology

  • Orthopedics

  • Pain/Neurology

  • Urology

  • Dermatology

  • Others

Next, the report analyses the market on the basis of region and presents forecast in terms of value for the next 10 years. On the basis of regions, the global ambulatory surgical centres market is segmented into:

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Rest of Latin America

  • Western Europe

    • Germany

    • UK

    • Italy

    • Spain

    • Nordic Countries

    • BENELUX

    • Rest of Western Europe

  • Eastern Europe

    • Russia

    • Poland

    • Rest of Eastern Europe

  • APEJ

    • China

    • India

    • Australia and New Zealand

    • Rest Of APEJ

  • Japan

  • Middle East & Africa (MEA)

    • GCC Countries

    • South Africa

    • Rest of MEA

In addition, we have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify growth opportunities for companies operating in the global ambulatory surgical centres market. To understand key segments in terms of their growth and performance in the global ambulatory surgical centres market, Future Market Insights has developed a market attractiveness index. The resulting index would help providers identify existing market opportunities. In the final section of the report, a ‘competitive landscape’ has been included to provide a dashboard view of key companies operating in the global ambulatory surgical centres market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the ambulatory surgical centres market and the potential players. This section also includes market strategies and SWOT analysis of the main players operational in the global ambulatory surgical centres market. Detailed profiles of ambulatory surgical centres manufacturers are also included in the scope of the report to evaluate their long- and short-term strategies.

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