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Ambulatory Surgical Centres Market

Ambulatory Surgical Center Market by Centers (Single Specialty Centers, Multi-Specialty Centers), Modality (Hospital-based Ambulatory Surgical Centers, Freestanding Ambulatory Surgical Centers), Services, Specialty Area (Gastroenterology, Ophthalmology, Orthopedics, Pain/Neurology, Urology, Dermatology) and Region for 2021 – 2031

Ambulatory Surgical Center Market by Centers (Single Specialty Centers, Multi-Specialty Centers), Modality (Hospital-based Ambulatory Surgical Centers, Freestanding Ambulatory Surgical Centers), Services, Specialty Area (Gastroenterology, Ophthalmology, Orthopedics, Pain/Neurology, Urology, Dermatology) and Region for 2021 – 2031

Ambulatory Surgical Centres Market - Analysis, Outlook, Growth, Trends, Forecasts

Ambulatory Surgical Center Market Outlook – 2021-2031

[296 Pages Report] The global Ambulatory Surgical Center Market reached US$ 85.4 Bn in 2020, and is expected to total US$ 130.6 Bn by 2031, expanding at a 3.9% CAGR over the forecast period 2021-2031.

Data Points

Market Insights

Ambulatory Surgical Centers Market Value 2020

US$ 85.4 Bn

Ambulatory Surgical Centers Market Estimated Value 2031

US$ 130.6 Bn

Ambulatory Surgical Centers Value-based CAGR 2021-2031

3.9%

Share of Top 5 Countries

73.2%

Ambulatory Surgical Centers Key Players

The key players in Ambulatory Surgical Center Market are, AmSurg Corp, Tenet Healthcare, HCA Holdings, Inc., Surgical Care Affiliates, Inc., Surgery Partners, and Ambulatory Surgical Centers of America.

The growth of ambulatory surgical centers (ASCs) market is attributed to their various benefits. ASCs are designed to maximize efficiency, eliminate unnecessary services, and decrease treatment costs. Also known as outpatient surgical centers, these are widely acknowledged to be a cost-effective alternative to inpatient settings.

Hospitals have to pay higher overhead, administrative and facility development costs, which makes their procedure cost higher than ASCs procedural cost. For this reason, managed care companies, self-care employers, and government payers prefer to opt for low-cost ambulatory care services.

Convenience is another factor influencing patients to opt for these services. Improved efficiency allows the surgeon to treat the patient in relatively less time. According to the Federated Ambulatory Surgery Association (FASA) Outcomes Monitoring Projects, 75% of ASCs started 95% of their cases on time.

Sales of ambulatory surgical centers represent nearly 28% of the overall US$ 300 Bn global healthcare facilities market. ASCs across the world are constantly making efforts to expand their range of services to drive patient influx and increase revenues by improving quality care and satisfaction. In addition to this, the accessibility for the physicians becomes easier as scheduling of patients entry is streamlined for day care procedures.

Technological advancements such as the introduction of electronic health record (EHR) systems that make recordkeeping easy for the patients and physicians are expected to bode well for the market.

EHR helps in data management and interpretation of the quality, which helps ASCs to recognize its profitable revenue-generating streams. These advancements in technology are expected to augment the growth of the market in the forthcoming years.

2016-2020 Ambulatory Surgical Center Demand Outlook Compared to 2021-2031 Forecast

According to Future Market Insights (FMI), sales in the ambulatory surgical centers market grew at a 3.0% CAGR between 2016 and 2020. Increasing research on service portfolios in mobile operative systems driven by the expansion of the healthcare sector is spurring demand in the market.

Healthcare companies are investing in research and development activities to launch mobile surgical centers. Mergers, acquisitions, collaborations and recognition through extensive R&D for strengthening product portfolio are the key strategies adopted by companies to increase their revenue.

For Instance, in May 2018, AMSURG announced the acquisition of Horizon Eye & LASIK center to bring the practice of ophthalmology in it’s widely spread ambulatory surgical centers for better care of the patients. In addition to this, in June 2016, AmSurg Corp. announced a merger with Envision Healthcare Holdings, Inc., a company that provides healthcare services with great opportunity, fair treatment, and new advancements beneficial to the patients.

Based on the aforementioned factors, FMI has forecast sales to increase at a 3.9% CAGR through 2031.   Growth is attributed to the rising number of research and development activities like HER, innovative technology development and companies participating in approvals, partnerships, collaborations, mergers, and acquisitions to expand their product portfolios.

How are Ophthalmic Surgeries Influencing Sales of ASCs?

According to the CDC, in June 2020, 20.5 million Americans aged 40 years or older suffer from cataracts in one or both eyes. This has increased the outpatient services in ambulatory centers. These centers are gaining attention of patients and physicians as it is a one-day procedure, and patients can be discharged within a few hours.

An ambulatory center consists of the latest technological advancement to deliver healthcare facilities. These services are efficient, timesaving, and cost effective.  They have a hygienic environment and do not provoke infections because procedural scheduling is done priorly, thereby avoiding chaos.

Furthermore, each procedure takes place after initial assessments such as fitness tests. Due to the prior scheduling and fewer people, these centers provide safe and quality care to the patients. Owing to these factors, the market is set to witness an upward trajectory in terms of growth over the assessment period. 

What is the Impact of the COVID-19 Crisis on the Market?

Due to COVID 19, there has been a gradual rise in market growth across the segment of the ambulatory surgical center market.  Demand for multi-specialty centers is expected to increase as a wide range of procedures can be performed at a single location. The Department of Health has laid down ground rules to bring elective procedures under practice if performed under precautionary measures, which has propelled the adoption of ASCs.

As ASCs can offer high-quality care more cost-effectively, they face high competition from hospitals that deliver a similar range of services. The market for ASCs is saturated and with shrinking reimbursements, it may become difficult to stay independent.

 Various regions have many ASCs that makes it difficult for the underperforming ASCs to stay in the business. Therefore, declining reimbursements and increasing competition in the market from similar services are expected to stunt the growth of the market to an extent. 

Country-wise Insights

Will the U.S. Ambulatory Surgical Center Market Remain a Lucrative Pocket?

In 2021, the U.S. is estimated to account for over 88.3% of the North America market share. Increasing prevalence of ophthalmic conditions that require an instant point of care are underpinning the need for advanced ambulatory surgical centers in the country.

Healthcare providers in the U.S. are focusing on delivering the highest quality care to the patients and improvements in the quality control systems, which is expected to continue boosting sales in the forthcoming years.  

Will the Germany Ambulatory Surgical Center Market Continue Witnessing High Demand?

Sales in Germany are expected to account for nearly 31.6% of the Europe market share in 2021. Growing demand is primarily due to the increasing geriatric population, prevalence of chronic diseases and the presence of well-established centers which provide quality care for a single-day surgery. Furthermore, favorable regulatory scenarios are likely to offer up opportunities for growth to market players in Germany.

Which Factors are aiding the Growth of the China Ambulatory Surgical Center Market?

The China market is expected to account for around 45% of the East Asia market share over the forecast period. Rapid adoption of technologically advanced services, expansion of the healthcare industry, and the growing need for efficient and safe healthcare practice and therapeutics are the major factor driving sales in China.

Category-wise Insights

Why is the Demand for Multi-Specialty Ambulatory Surgical Center Rising?

In terms of center type, the multi-specialty segment is projected to hold the maximum share of 66.2% in 2021, expanding at 4.3% CAGR during the forecast period. Ambulant centers have been meeting patient’s expectations in terms of providing care, safety, convenience, and minimizing the length of hospital stay, which is further boosting sales in the market.

Why Hospital-Based Ambulatory Surgical Center Contribute to the Highest Market Share?

Based on modality, the hospital-based segment is forecast to account for 60.2% of the total market share in 2021. Growth can be attributed to high-quality care specificity in comparison with freestanding ambulatory surgical center. This trend is expected to continue during the forecast period.      

Why are Surgical Services Widely Preferred?

By service type, the surgical diagnostics services segment is projected to account for 68.1% of the total market share in 2021. These services are cost-effective, reduce service time and offer high quality care and procedures. They are preferred by the patients when they need instant care. These factors are expected to push sales in this segment over the assessment period.

Which Specialty Segment is Most Lucrative?

Sales in the gastroenterology and ophthalmology segments are projected to account for more than 50% of the total market share collectively over the assessment period. Rising demand for technological advancements to improve patient outcomes and reduce costs of procedures is expected to fuel sales in these segments.

Competitive Landscape

Leading players operating in the ambulatory surgical center market are aiming  to strengthen their position through product approvals, collaborations, mergers, acquisitions, and partnerships with established and emerging market players. For instance:

  • In January 2020, Surgery Partners acquired Vista Surgical Center that operates into ophthalmic therapeutics to provide healthcare services in the outpatient department.

In 2021, Tenet Healthcare plans to establish 40 ambulatory surgical centers.   

Scope of the Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Million for Value

Key Countries Covered

The U.S., Canada, Germany, the U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, South Africa

Key Segments Covered

Center, Modality, Service, Specialty Area and Region

Key Companies Profiled

Report Coverage

Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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Ambulatory Surgical Center by Category

By Centers Type:

  • Single Specialty Centers
  • Multispecialty Centers

By Modality:

  • Hospital-Based Ambulatory Surgical Center
  • Freestanding Ambulatory Surgical Center

By Services:

  • Diagnostic Services
  • Surgical Services

By Specialty Area:

  • Gastroenterology
  • Ophthalmology
  • Orthopaedics
  • Pain/Neurology
  • Urology
  • Dermatology
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Key Questions Answered in the Report

What is the current size of the global ambulatory surgical center market?

The global ambulatory surgical center market is projected to reach US$ 85.4 Bn in 2021.
North America currently holds the largest market share in Ambulatory Surgical Centers. North America currently holds 53.2% of the global market share.
Sales in India are projected to grow at a 3.3% CAGR over the assessment period, driven by favorable government-backed investments for the expansion of the healthcare sector.
Growing demand for cost-effective and timesaving procedures, along with increasing preference for mobile healthcare services are key trends driving sales in the market.
Sales in China are forecast to grow at a 3.9% CAGR, while the Japan market is set to expand at a 2.4% CAGR over the assessment period.
The U.S., Germany, Spain, Canada, and Japan are the top 5 countries that are driving the demand for ambulatory surgical centers.
Leading companies operating in the ambulatory surgical center market are AmSurg Corp, Tenet Healthcare, HCA Holdings, Inc., Surgical Care Affiliates, Inc., Surgery Partners, and Ambulatory Surgical Centers of America.

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