Ambulatory Surgical Centers Market by Component (Services, Hardware, and Software), Application (Orthopedics, Plastic Surgery, Ophthalmology, Gastroenterology, Pain Management, and Others), Type of Center (Single-specialty and Multi-specialty), Ownership (Physician-owned, Hospital-owned, and Corporate-owned), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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.
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.
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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.
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.
Attributes |
Details |
Report Title |
Ambulatory Surgical Centers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Component (Services, Hardware, and Software), Application (Orthopedics, Plastic Surgery, Ophthalmology, Gastroenterology, Pain Management, and Others), Type of Center (Single-specialty and Multi-specialty), and Ownership (Physician-owned, Hospital-owned, and Corporate-owned) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
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 |
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.
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.
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ambulatory Surgical Centers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ambulatory Surgical Centers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ambulatory Surgical Centers Market - Supply Chain
4.5. Global Ambulatory Surgical Centers Market Forecast
4.5.1. Ambulatory Surgical Centers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ambulatory Surgical Centers Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ambulatory Surgical Centers Market Absolute $ Opportunity
5. Global Ambulatory Surgical Centers Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Ambulatory Surgical Centers Market Size and Volume Forecast by Applications
5.3.1. Orthopedics
5.3.2. Plastic Surgery
5.3.3. Ophthalmology
5.3.4. Gastroenterology
5.3.5. Pain Management
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Ambulatory Surgical Centers Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Ambulatory Surgical Centers Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Ambulatory Surgical Centers Demand Share Forecast, 2019-2026
7. North America Ambulatory Surgical Centers Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Ambulatory Surgical Centers Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Ambulatory Surgical Centers Market Size and Volume Forecast by Applications
7.4.1. Orthopedics
7.4.2. Plastic Surgery
7.4.3. Ophthalmology
7.4.4. Gastroenterology
7.4.5. Pain Management
7.4.6. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Ambulatory Surgical Centers Demand Share Forecast, 2019-2026
8. Latin America Ambulatory Surgical Centers Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Ambulatory Surgical Centers Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Ambulatory Surgical Centers Market Size and Volume Forecast by Applications
8.4.1. Orthopedics
8.4.2. Plastic Surgery
8.4.3. Ophthalmology
8.4.4. Gastroenterology
8.4.5. Pain Management
8.4.6. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Ambulatory Surgical Centers Demand Share Forecast, 2019-2026
9. Europe Ambulatory Surgical Centers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Ambulatory Surgical Centers Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Ambulatory Surgical Centers Market Size and Volume Forecast by Applications
9.4.1. Orthopedics
9.4.2. Plastic Surgery
9.4.3. Ophthalmology
9.4.4. Gastroenterology
9.4.5. Pain Management
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Ambulatory Surgical Centers Demand Share Forecast, 2019-2026
10. Asia Pacific Ambulatory Surgical Centers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Ambulatory Surgical Centers Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Ambulatory Surgical Centers Market Size and Volume Forecast by Applications
10.4.1. Orthopedics
10.4.2. Plastic Surgery
10.4.3. Ophthalmology
10.4.4. Gastroenterology
10.4.5. Pain Management
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Ambulatory Surgical Centers Demand Share Forecast, 2019-2026
11. Middle East & Africa Ambulatory Surgical Centers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Ambulatory Surgical Centers Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Ambulatory Surgical Centers Market Size and Volume Forecast by Applications
11.4.1. Orthopedics
11.4.2. Plastic Surgery
11.4.3. Ophthalmology
11.4.4. Gastroenterology
11.4.5. Pain Management
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Ambulatory Surgical Centers Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Ambulatory Surgical Centers Market: Market Share Analysis
12.2. Ambulatory Surgical Centers Distributors and Customers
12.3. Ambulatory Surgical Centers Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. AMSURG
12.4.2. CHSPSC, LLC.
12.4.3. Constitution Surgery Alliance
12.4.4. Covenant Physician Partners, Inc
12.4.5. Envision Healthcare Corporation
12.4.6. Edward-Elmhurst Health
12.4.7. HCA Healthcare
12.4.8. Healthway Medical Group
12.4.9. Pediatrix Medical Group
12.4.10. Medical Facilities Corporation
12.4.11. Physicians Endoscopy, LLC
12.4.12. QHCCS, LLC
12.4.13. Surgery Partners
12.4.14. Surgical Care Affiliates
12.4.15. SurgCenter
12.4.16. TH Medical
12.4.17. Terveystalo