Ambulatory Surgical Center Market Growth Opportunities and Forecast till 2028
The Global Ambulatory Surgical Center Market is expected to reach US$ 122.6 Billion by 2028 from US$ 77 Billion in 2020 growing at a substantial growth rate of 6.2% between 2021 and 2028.
Ambulatory surgical centers (ASCs) or outpatient surgery centers are facilities where procedures are conducted without the need for a hospital stay. ASCs offer more cost-effective services and a more convenient, less stressful setting than many hospitals. While hospitals can be trusted to offer high-quality treatment, patients seeking elective surgery face several challenges, including scheduling delays and restricted operating room availability. Because of their flexible scheduling options, calmer and more pleasant environs, and cheaper prices, ASCs have been a popular alternative to inpatient hospital settings over the previous few decades. Ambulatory surgical facilities specialize in operations that do not require an overnight stay in a hospital but are more sophisticated than what may be provided by an urgent care clinic. These centers are fully equipped with an operating room, an experienced and devoted surgical team, and professional nurses to assist with recovery processes. ASCs might provide multi-specialty services or specialize in a single specialty.
Parameter |
Ambulatory Surgical Center Market |
Ambulatory Surgical Center Market Size in 2020 |
US$ 77 Billion |
Ambulatory Surgical Center Market Forecast By 2028 |
US$ 122.6 Billion |
Ambulatory Surgical Center Market CAGR During 2021 – 2028 |
6.2% |
Ambulatory Surgical Center Market Analysis Period |
2017 - 2028 |
Ambulatory Surgical Center Market Base Year |
2020 |
Ambulatory Surgical Center Market Forecast Data |
2021 - 2028 |
Segments Covered |
By Ownership, By Surgery Type, By Specialty Type, By Service, and By Region |
Ambulatory Surgical Center Market Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Ambulatory Surgical Centers of America (ASCOA), ASD Management, AMSURG, El Centro Regional Medical Center (ECRMC) Pinnacle III, Proliance Surgeons, HCA Healthcare, Surgery Partners, SurgCenter, Regent Surgical Health, and Surgical Management Professionals, LLC |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Market Dynamics
Even less invasive operations can create tension and anxiety in patients. Unlike ASCs, hospitals can keep a patient for a day to a week, depending on the type of surgery. Patients, insurers, and taxpayers all profit from outpatient surgical clinics because they are 45-60% less expensive than hospitals. In fact, the Department of Health and Human Services estimates that if all qualifying procedures were performed at outpatient surgery facilities, taxpayers would save $15 billion and Medicare patients would save $3 billion. To stay afloat and improve the patient experience, ASCs require a continual supply of patients. When compared to a hospital setting, patients frequently experience a superior level of care.
The surgical center's team focuses on improving pre-and post-surgical care, ensuring that patients are as comfortable as possible during operation. Ambulatory surgical centers are specially built to accommodate a variety of surgeries and procedures. Staff can schedule more effectively in a tightly focused healthcare context, avoiding overbooking operations and overworking staff. ASCs provide the appropriate number of nurses to ensure that patients are well cared for. Physicians have more control over their job and the value of care in outpatient surgery centers. As a result, they are more accessible to patients and offer better pre- and post-operative care. In terms of operation schedules, outpatient surgical centers have more freedom. Therefore, unlike unplanned hospital events like emergency room issues, nearly no treatments can be postponed or rescheduled.
Market Insights
Ownership, surgery type, specialty type, service, and region are the segmentations of the global ambulatory surgical center market. Among ownership, the market categorizes them as a physician only, physician & hospital, a corporation only, physician & corporation, the hospital only, and hospital & corporation. Surgery type segmentation includes cardiovascular, dental, endoscopy, neurology, obstetrics/gynecology, ophthalmology, orthopedic, otolaryngology, plastic surgery, podiatry, and others. Multi-specialty and single-specialty are covered under the specialty type segment. Furthermore, the service segment is categorized into diagnosis and treatment.
Ambulatory Surgical Center Market Regional Overview
North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa are the segmentation of the global ambulatory surgical center industry. North America garnered the largest part of the market in 2020 because of the growing number of ambulatory surgery facilities. Furthermore, increasing government funding for primary care services and expanding outpatient coverage are both encouraging regional expansion. The Asia-Pacific area, on the other hand, is expected to increase at the fastest rate due to rising healthcare expenses owing to rising chronic illness prevalence, a growing senior population, high healthcare expenditure, and rising hospital readmissions.
Global Ambulatory Surgical Center Segment Analysis
Market By Ownership
· Physician Only
· Corporation Only
· Physician & Corporation
· Hospital Only
· Physician & Hospital
· Hospital & Corporation
Market By Surgery Type
· Cardiovascular
· Dental
· Endoscopy
· Neurology
· Obstetrics/Gynecology
· Ophthalmology
· Orthopedic
· Otolaryngology
· Plastic Surgery
· Podiatry
· Others
Market By Specialty Type
· Multi-Specialty
· Single Specialty
Market By Service
· Diagnosis
· Treatment
Ambulatory Surgical Center Market Leading Players
This section of the report identifies the market's major players. Ambulatory Surgical Centers of America (ASCOA), ASD Management, AMSURG, El Centro Regional Medical Center (ECRMC) Pinnacle III, Proliance Surgeons, HCA Healthcare, Surgery Partners, SurgCenter, Regent Surgical Health, and Surgical Management Professionals, LLC. are the key companies mentioned in the research.
Ambulatory Surgical Center Market Regional Overview
North America
· U.S.
· Canada
Europe
· U.K.
· Germany
· France
· Spain
· Rest of Europe
Latin America
· Brazil
· Mexico
· Rest of Latin America
Asia-Pacific
· China
· Japan
· India
· Australia
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· GCC
· South Africa
· Rest of Middle East & Africa