Research Nester published a report titled “U.S. Ambulatory Surgical Center Market: Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the U.S. ambulatory surgical center market in terms of market segmentation by type, specialty, ownership, treatment, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The U.S. ambulatory surgical center market is estimated to grow at a 6.9% CAGR over the forecast period, i.e., 2021 – 2028, and garner a revenue of USD 33,024.13 million in 2028, from USD 30,000 million in 2019. The market is bifurcated on the basis of type, into hospital affiliated, and freestanding ASCs. Out of these, the freestanding ASCs segment is estimated to garner the largest market share by growing at a CAGR of 7.3% during the forecast period and gain revenue of USD 24,508.2 million by 2028. As of 2019, the freestanding ASCs segments held 71.9% of the market share with revenue of USD 21,572.1 million. The growth of the segment can be attributed to the lower surgery cost and ease in approach in the freestanding ASCs, as compared to hospital affiliated ASCs.
The U.S. ambulatory surgical center market is estimated to grow on the back of growing healthcare expenditure regarding ambulatory care services, increasing demand for cost effective surgeries, and rising geriatric population in the United States. Moreover, increasing prevalence of chronic diseases among the population, especially the geriatric population, is estimated to boost the market growth. In addition to this, increasing government investment in the healthcare sector in the U.S. is also a major growth driver for the market. According to the World Health Organization (WHO), 16.416 % of the GDP was spent on the healthcare sector in the North America in 2018.
Regionally, the U.S. ambulatory surgical center market is segmented into five major regions including West US, North East US, South East US, South West US, and Midwest US. The market in the West US region is estimated to witness growth by a CAGR of 7.7% over the forecast period on the back of increasing prevalence of obesity, asthma, diabetes, and hyper tension in the region. The growing burden of chronic diseases is further anticipated to create vast opportunities for the new players in the market.
Increasing Cases of Chronic Diseases to Boost the Market Growth
The increasing prevalence of diseases such as, hypertension, diabetes, and cancer has raised the demand for fast and specific surgeries, on a low cost. Moreover, there is a massive need for cost-effective medical infrastructure to overcome the shortage of medical facilities across the United States. Private medical companies, in collaboration with the government, are making a huge investment in developing ambulatory surgical services in the U.S. These factors are estimated to boost the market growth.
However, decreasing reimbursement amount and lack of proper infrastructure are expected to operate as key restraint to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the U.S. ambulatory surgical center market which includes company profiling of TH Medical, AMSURG Corp. (Envision Healthcare), Surgical Care Affiliates, SurgCenter, Regent Surgical Health, ASD Management, Ambulatory Surgical Centers of America, Physicians Endoscopy, LLC, Surgery Partners, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the U.S. ambulatory surgical center market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.