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HEALTHCARE & PHARMACEUTICAL

Ambulatory Surgical Centers (ASCs) Market Analysis by Type (Single-Specialty Centers and Multi-Specialty Centers); by Ownership (Hospital-Owned, Surgeon-Owned, Partnership ASCs, Private, Not-for-Profit Hospitals ASCs and Clinics); and by Specialization (Ophthalmology, Gastroenterology, Orthopedics, Urology, Pain Management, Neurology, Dermatology) – Global Supply & Demand Analysis & Opportunity Outlook 2023 -2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Koninklijke Philips N.V. - revealed that as per the study, prescribing Philips MCOT (Mobile Cardiac Outpatient Telemetry) solution can support improved patient outcomes and cost savings by encouraging timely intervention and monitoring for arrhythmic disturbances.

  • United Surgical Partners International (USPI)’s – affiliate, Southeastern Spine Institute (SSI) Ambulatory Surgery Center, launched its new robotic-assisted surgery program.

Global Ambulatory Surgical Centers Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~7%

Base Year Market Size (2022)

~ USD 39 Billion

Forecast Year Market Size (2033)

~ USD 76 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

The global ambulatory surgical centers market is estimated to garner a revenue of ~USD 76 Billion by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 39 Billion in the year 2022. The growth of the market can primarily be attributed to the growing demand for hospitals as well as ambulatory surgical centers along with increasing healthcare expenditure worldwide, the increasing number of surgeries, and growing cases of chronic diseases. For instance, the global healthcare expenditure in 2019, accounted for ~9.8% of the gross domestic product (GDP).

Ambulatory-Surgical-Centers-Market. Get more information on this report:Download Sample PDF

With increasing operating room procedures as well as costly inpatient stays, the demand for ambulatory surgical centers is on the rise amongst patients, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global ambulatory surgical centers market during the forecast period. For instance, it was found that, in the United States, over 9 million inpatient stays involved operating room procedures in 2018, whereas the stays involving operating room procedures accounted for ~USD 210 billion in aggregate costs. Also, the rising geriatric population with chronic illnesses worldwide, and the increasing availability of minimally invasive therapies are estimated to propel the market growth.

Global Ambulatory Surgical Centers Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Shift Towards Ambulatory Surgical Centers Across the World – expected to drive the ambulatory surgical centers market in the forecasted period. More and more surgeries taking place at ambulatory surgical centers indicate a shift in demand from hospitals to ambulatory surgery centers. For instance, in the United States, ~53% of all surgeries were done in an outpatient setting in 2020.

  • Growing Number Surgeries in Hospital-Owned ASCs – it was observed that, in 2019, in the United States ~11,880,000 major ambulatory surgeries were performed in hospital-owned facilities.

  • Upsurge in the Ambulatory Surgical Facilities with Increasing Funds - where private, investor-owned, and public facilities each accounted for ~12% whereas ~ 70 % of hospital ASCs are operated as physician joint ventures.

  • Rising Share of Tonsillectomies Performed - ambulatory cases recorded in the United Kingdom doubled from ~31% to 62% between 2009 and 2019.

  • Scheduling Becomes More Predictable Worldwide – as ambulatory surgical centers mostly perform those surgical services which do not exceed 24 hours.

Challenges

  • Low Awareness among Patients Regarding Ambulatory Surgical Centers

  • High Cost of Investment Required for Ambulatory Surgical Centers

The equipment used for ambulatory surgical centers is very expensive and small-scale facilities cannot afford these medical devices. Also, the maintenance and installation costs are very high to keep up. The growing technological advancements in these sector are highly costly which hampers the market growth.

  • Lower Surgeon to Patient Ratio

The global ambulatory surgical centers market is segmented and analyzed for demand and supply by type into single-specialty centers and multi-specialty centers. Amongst these segments, the single-specialty segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing number of cataract surgeries performed along with the surge in the availability of ambulatory surgical centers worldwide. For instance, in 2019, around 90% of cataract surgeries in Canada were performed in ambulatory surgical centers.

Global Ambulatory Surgical Centers Market Regional Synopsis

The North America region ambulatory surgical centers market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The presence of a strong healthcare network in the region, a growing number of ambulatory surgical centers, as well as the rising awareness amongst the healthcare service providers about the benefits of ambulatory surgical centers. For instance, as of 2022, there are over 5,000 ambulatory surgery center businesses in the United States.

Market Segmentation

Our in-depth analysis of the global ambulatory surgical centers market includes the following segments:

      By Type

  • Single-Specialty Centers
  • Multi-Specialty Centers

      By Ownership

  • Hospital-Owned
  • Surgeon-Owned
  • Partnership ASCs
  • Private, Not-for-Profit Hospitals ASCs
  • Clinics

      By Specialization

  • Ophthalmology
  • Gastroenterology
  • Orthopedics
  • Urology
  • Pain Management
  • Neurology
  • Dermatology

Top Featured Companies Dominating the Global Ambulatory Surgical Centres Market

  • Koninklijke Philips N.V.

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • General Electric Company
  • United Surgical Partners International
  • McKesson Corporation
  • Oracle Corporation
  • Allscripts Healthcare, LLC
  • Medtronic
  • Surgical Information Systems, LLC
  • Medical Information Technology, Inc.
  • Athenahealth, Inc.

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