Ambulatory Surgical Centers Market

The global ambulatory surgical centers market size was valued at USD 40.13 Bn in 2022 and is likely to reach USD 68.3 Bn by 2031, expanding at a CAGR of 7.5% during 2023 – 2031. Increasing demand for convenient and accessible surgical centers to provide specialized healthcare solutions is expected to boost the market.

The rapid increase in outpatient consultation contributes to the market expansion, as ambulatory surgical centers offer medical services in an outpatient setting. For instance, an estimated 4.3 billion outpatient consultations were observed in India in 2021 and this number is expected to rise in the next few years. Thus, the growing preference for outpatient services is likely to boost the market.

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Ambulatory surgical centers (ASCs) are specialized healthcare facilities, which provide surgical services on an outpatient basis. It contributes to streamlining hospitals’ burden by providing outpatient services. This type of service includes diagnosis, consultation, treatment, observation, intervention, and rehabilitation services. It offers same-day surgery to the patient, which further minimizes hospitalization and overnight stays. Furthermore, the less terrifying environment in ASCs makes it a preferable choice among patients.

The COVID-19 pandemic hindered the ambulatory surgical centers market due to a sudden reduction in the number of visits to ASCs. The ASCs were forced to postpone or cancel scheduled surgeries to avoid the spread of the virus. This led to a decline in the demand for ASCs. For instance, an estimated 60% reduction was observed in ambulatory practice visits by early April during the pandemic.

Ambulatory Surgical Centers Market Dynamics

Major Drivers

Increasing aging population across the globe is expected to drive the market during the forecast period. ASCs designed to provide specialized healthcare services, especially for the older population in a comfortable and convenient outpatient setting. The aging population is prone to a higher risk of chronic and age-related diseases that require surgical treatments. Thus, ASCs are an efficient way to cater to their needs with enhanced accessibility in remote areas.

• As per the report published by WHO on October 1, 2022, globally, about 80% of the aged population will be living in 2050. Furthermore, the population over 60 years will be doubled from 12% to 22% by the end of 2050.

The rising preference for outpatient surgeries is another driver in the ambulatory surgical centers market. Patients are preferring same-day surgical procedures rather than staying overnight in a hospital. ASCs highly focus on delivering high-quality care with positive surgical outcomes and patient-centered experiences. Furthermore, the emphasis on value-based care and patient satisfaction thrusts the market.

Existing Restraints

Lack of credibility among patients regarding ASCs is expected to hinder the market. ASCs do not have overtime facilities and some surgeries need overtime observation, which encouraged patients to prefer the hospital as a primary option for surgeries. Furthermore, the lack of reimbursement policies offered by ASCs is likely to restrain the market to a certain limit.

Emerging Opportunities

Incorporation of advanced technologies in ASCs is likely to create immense opportunities for the key players competing in the market. This includes leveraging robotics, telemedicine, and digital platforms to enhance surgical precision, patient monitoring, and remote consultations. Technological advancements improve efficiency and patient satisfaction in ambulatory surgical centers. Furthermore, the ASCs are exploring collaborations and partnerships with established healthcare systems to expand their reach.

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Scope of the Ambulatory Surgical Centers Market Report

The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Component Segment Analysis

Based on component, the ambulatory surgical centers market is divided into services, hardware, and software. The services segment is estimated to hold a major revenue share of the market during the projected period, as ASCs play a crucial role in delivering complete clinical services according to patient needs. It provides specialized medical care in a comfortable outpatient setting that is convenient for patients. This includes a various range of clinical procedures, diagnostics, surgeries, and treatments.

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Application Segment Analysis

On the basis of application, the market is classified as orthopedics, plastic surgery, ophthalmology, gastroenterology, pain management, and others. The gastroenterology segment is anticipated to register a robust growth rate in the coming years, due to the increasing prevalence of gastrointestinal disorders among aged populations.

Gastrointestinal conditions are common and range from minor issues to more complex diseases. ASCs provide a convenient and specialized setting for gastroenterological procedures such as endoscopies, colonoscopies, and other diagnostic and therapeutic interventions. Furthermore, these surgical centers are well-equipped with the necessary technology and expertise to perform these procedures efficiently. This ensures accurate diagnoses and effective treatments for patients with gastrointestinal conditions.

The plastic surgery segment is projected to grow at a rapid pace, owing to the increasing demand for cosmetic and reconstructive procedures. ASCs includes advanced surgical instruments, specialized operating rooms, and recovery areas that are tailored to meet the enhanced care in plastic surgery. Moreover, these centers generally have shorter wait times and flexible scheduling, which allow patients to undergo plastic surgery procedures without significant delays or lengthy hospital procedures.

Type of Center Segment Analysis

In terms of type of center, the ambulatory surgical centers market is bifurcated into single-specialty and multi-specialty. The multi-specialty segment is estimated to hold a key market share during the projected period, owing to its capabilities to deliver diverse medical needs to patients. ASCs are known for their broad range of treatments under one roof, which is also known as multi-specialty ASCs. They provide convenience and accessibility to patients by offering a variety of medical services at a single visit. Furthermore, this reduces the visit to multiple facilities, which saves time and makes treatment affordable for patients.

Ownership Segment Analysis

Based on ownership, the market is divided into physician-owned, hospital-owned, and corporate-owned. The physician-owned segment is expected to hold a major market share during the forecast period, as it offers high-quality care services to the patient. The direct involvement of physicians who have expertise in providing specialized ambulatory healthcare services encouraged consumers to prefer this type of ownership. This in turn enhanced the quality of care and contribute to the segment growth.

The corporate-owned segment is anticipated to grow at a significant CAGR in the coming years, owing to the rising strategic partnerships between corporate firms and physicians to form efficient operational ambulatory surgical centers for corporate employees. Several reimbursement policies offered by corporate-owned ASCs are further likely to fuel the segment.

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Regional Outlook

In terms of region, the global ambulatory surgical centers market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projected period, owing to the increasing government funding and favorable insurance coverages for surgeries performed at ASCs. Insurance providers typically cover a wide range of procedures performed in ASCs, making them an accessible and affordable option for patients. This financial support makes it easy to access treatment and further boosts the demand for ASCs in the region.

The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, due to the increasing development of healthcare infrastructure high prevalence of chronic diseases. Governments and private investors in this region are highly investing to improve medical facilities, including ASCs, to cater to the growing patient volume. This further supports the growth of the market.

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Segments

The global ambulatory surgical centers market has been segmented on the basis of

Components

• Services
• Hardware
• Software

Application

• Orthopedics
• Plastic Surgery
• Ophthalmology
• Gastroenterology
• Pain Management
• Others

Type of Center

• Single-specialty
• Multi-specialty

Ownership

• Physician-owned
• Hospital-owned
• Corporate-owned

Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• AMSURG
• CHSPSC, LLC.
• Constitution Surgery Alliance
• Covenant Physician Partners, Inc
• Envision Healthcare Corporation
• Edward-Elmhurst Health
• HCA Healthcare
• Healthway Medical Group
• Pediatrix Medical Group
• Medical Facilities Corporation
• Physicians Endoscopy, LLC
• QHCCS, LLC
• Surgery Partners
• Surgical Care Affiliates
• SurgCenter
• TH Medical
• Terveystalo

Competitive Landscape

Key players competing in the global ambulatory surgical centers market are AMSURG; CHSPSC, LLC.; Constitution Surgery Alliance; Covenant Physician Partners, Inc; Envision Healthcare Corporation; Edward-Elmhurst Health; HCA Healthcare; Healthway Medical Group; Pediatrix Medical Group; Medical Facilities Corporation; Physicians Endoscopy, LLC; QHCCS, LLC; Surgery Partners; Surgical Care Affiliates; SurgCenter; TH Medical; ValueHealth® LLC; and Terveystalo

These companies are boosting their market share by adopting various strategies such as partnerships, mergers, reduction in production costs, launching new services, and implementing advanced technologies.

• On Jan 20, 2022, ValueHealth LLC, a global provider of ambulatory centers, announced its partnership with Penn State Heath, a multi-hospital health system serving patients and communities across central Pennsylvania. This joint venture is expected to develop a high-performance surgical network in Pennsylvania.