Ambulatory surgical centers market

Report Description
Table of Contents

Report Description

The global Ambulatory Surgical Centers (ASC) market size is estimated to be USD 78.50 billion in 2021 and is expected to witness a CAGR of 6.1% during the forecast period. Some of the factors responsible for ASC market growth include growing demand for minimally invasive surgeries and technological advancement in surgical equipment. Moreover, the COVID-19 pandemic in 2020 expected to propel ASC adoption by patients to minimize the risk of COVID-19 and other hospital-acquired infections. However, uncertainties related to the operation of ASCs and regulatory concerns related to outpatient care may hinder the market growth.

Global Ambulatory Surgical Centers Market Size (USD Billion), 2021-2029

Source: Erevna Healthcare

By Application

Based on application, the market is categorized into ophthalmology, gastroenterology, orthopedics, plastic surgery, pain management, and others. The gastroenterology segment was the largest revenue-grossing segment of the market in 2021. This is attributed to the relatively higher number of gastroenterology procedures being conducted worldwide and rising incidence of digestive disorders. On the other hand, the plastic surgery segment is anticipated to witness significant growth over the forecast period due to increase in demand for cosmetic surgeries in developed countries and availability of resources and infrastructure for conducting minimally invasive procedures.

By Specialty Type

Based on specialty type, the market is categorized into multispecialty and single specialty. The single-specialty segment was the highest revenue-generating segment in 2021 and is expected to grow at a lucrative CAGR over the forecast period. The multispecialty segments is projected to grow at the fastest CAGR during the forecast period. Multispecialty centers offer holistic services, which makes patient handling easier, especially when it comes to managing unpredictable risks. This is expected to drive the segment growth.

Regional Insights

North America accounted for the largest revenue share in the global market due to the presence of well-developed healthcare infrastructure, increase in availability of insurance coverage for outpatient services, and accessibility of advanced surgical products in the U.S. and Canada. In addition, presence of major companies including Community Health Systems, Inc. and Envision Healthcare Corporation is contributing to growth of this region. Asia Pacific segment is projected to grow at the fastest CAGR over the forecast period owing to rise in prevalence of chronic diseases, rapid developments in healthcare infrastructure, and increase in demand for minimally invasive surgeries in this region.

Competitor Insights

Some of the key players in the ambulatory surgical centers market are Envision Healthcare Corporation (U.S.); Community Health Systems, Inc. (U.S.); Terveystalo (Finland); MEDNAX Services, Inc.(U.S.); Tenet Healthcare Corporation(U.S.); Quorum Health Corporation(U.S.); TeamHealth(U.S.); UnitedHealth Group(U.S.); Healthway Medical Group (Singapore); and Surgery Partners (U.S.). Strategic collaborations and acquisitions of hospitals to expand their regional reach is a major approach adopted by major players. Also, the adoption and installation of advanced technologies and products in hospitals are projected to drive growth.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The ambulatory surgical centers market report is categorized into the following segments and subsegments: