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

  • Report ID: 169
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

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

Ambulatory Surgical Centers Market size is estimated to reach USD 76 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of ambulatory surgical centers was over USD 39 Billion.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).

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 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.


Ambulatory Surgical Centers Market
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Ambulatory Surgical Centers Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Shift Towards Ambulatory Surgical Centers Across the World – expected to drive the 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

Ambulatory Surgical Centers Market: Key Insights

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)
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Ambulatory Surgical Centers Segmentation

Type (Single-Specialty Centers, Multi-Specialty Centers)

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.

Our in-depth analysis of the global 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

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Ambulatory Surgical Centers Industry - 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.

Research Nester
Ambulatory Surgical Centers Market Size
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Companies Dominating the Ambulatory Surgical Centres Landscape

top-features-companies
    • 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.     

In-the-news

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.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 169
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing global healthcare expenditure as well as rising cost of operating room inpatient stay along with growing trend of ambulatory surgical centers are some of the major factors anticipated to drive the growth of the market.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023-2033.

Low awareness regarding the benefits of ambulatory surgical centers among patients are some of the factors estimated to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

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 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 type, ownership, specialization, and by region.

The single-specialty segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Ambulatory Surgical Centers Market Report Scope
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