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The global ambulatory surgery centers market is estimated to garner notable CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increasing number of patients with chronic disorders. The ambulatory surgery centers (ASCs) are the advanced health care facilities that are focused on providing same-day surgical care without requiring an overnight stay. It also offers patients the comfort of having surgeries safely outside the hospital setting. Furthermore, according to the Ambulatory Surgery Center Association, ASCs provide efficient quality care, convenience, and patient satisfaction. It also states that management witnesses that patients have a 92% satisfaction rate with both services and care they receive from the ambulatory surgery centers. The ambulatory surgery centers provide high-quality services, personal attention, and ease of scheduling, which is the reason the global ambulatory surgery centers market is expected to grow over the forecast period. Moreover, there are plenty of procedures that take place in ASCs such as, knee and spine surgeries, cataract surgeries, and upper gastrointestinal endoscopy. Hence on the back of myriads of procedures available in the ASCs the global ambulatory surgery centers market is projected to grow over the forecast period.
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The market is segmented by service into diagnostic services, surgical services, and others, out of which, the surgical service segment is anticipated to hold a notable share in the global ambulatory surgery centers market on account of the lesser cost of the surgical procedures. Also, ambulatory surgery centers mitigate the risk of surgical site infections, which is the reason the global ambulatory surgery centers market is expected to grow during the forecast period.
According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.
Regionally, the global ambulatory surgery centers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is estimated to witness modest growth over the forecast period on the back of the presence of ultra-modern healthcare infrastructure in the region. Furthermore, it is estimated that there are around 9300 active ambulatory surgery centres in the US that include approximately 1,61 million allied healthcare professionals. Furthermore, the global ambulatory surgery centers market is projected to grow over the forecast period on account of the large number of health care professionals associated with the ambulatory surgery centers.
The global ambulatory surgery centers market is expected to foster significant growth in the Europe region, on account of the presence of the growing geriatric population in the region. The flexible government guidelines and gargantuan health budget are also expected to act as a catalyst for the growth of the global ambulatory surgery centers market during the forecast period.
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The global ambulatory surgery centers market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
Our in-depth analysis of the global ambulatory surgery centers market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The growing geriatric population is expected to be the major factor expected to drive the growth of the global ambulatory surgery centers market during the forecast period.
The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 - 2031.
Lack of awareness amongst people is estimated to hamper market growth.
North America is estimated to provide more business opportunities for the growth of the global ambulatory surgery centers market during the forecast period owing to the presence of well-stablished healthcare sector.
The major players in the market are Medical Information Technology, Inc., Advanced Data Systems Corporation (ADS), and Surgical Information Systems, LLC.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by center type, services, specialty area, and by region.
The surgical service segment is anticipated to hold the largest market size in value and display significant growth opportunities.
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