According to Ameco Research, the worldwide Ambulatory Surgical Centers Market revenue in 2020 was USD 77 Billion with CAGR of more than 6% throughout the forecast period
Ambulatory surgery centers (ASCs) are modern medical facilities that provide same-day surgical care, often known as outpatient surgical centers, where procedures do not require hospital admission. Patients who choose ASCs for their surgery arrive on the same day as the procedure. Patients and clinicians select ASCs for surgical procedures because of the high degree of professionalism, quality, and safety they provide. More than 75% of ASCs have a medical team with a board certification rate of more than 90%. According to 2007 research, 71 percent of ASCs did not have a single issue per 1,000 patient contacts during three months, and 69 percent did not transfer even one patient to a hospital during that time. ASCs report 3 or less infections per 1,000 patient interactions in more than 90% of cases. In fact, studies demonstrate that the quality of care provided in ASCs is on par with or higher than that provided by incomparable hospitals. The COVID-19 pandemic highlighted how ASCs may help hospitals by providing capacity and flexibility. For the foreseeable future, this benefit, combined with patients' concerns about virus exposure while in the hospital and the demand for more economical health care, will see the role of ambulatory surgery centers grow.
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Efficient workflow in ASCs fuels the market growth
Physicians prefer ambulatory surgery centers for a variety of reasons. Not only do patients have a better experience at an ASC, but physicians have a higher quality of life there as well. Convenient block scheduling, quick turnover time and extra revenue are just a few of the advantages of working for an ASC rather than a hospital.
The Centers for Medicare and Medicaid Services (CMS) has been launching a number of initiatives and agreements to help hospitals, practices, and physicians deal with the pandemic's aftermath since the outbreak of the Covid-19 virus. On March 30, 2020, CMS announced a plan called "Hospitals without Walls" to fight the rising number of Covid-19 positive cases. Ambulatory surgery centers (ASCs) have been extended to help hospitals by contracting or renting their space to regional healthcare systems or hospitals, according to this plan. The agreement and contract, on the other hand, must adhere to and be compliant with state regulatory decree and license.
The majority of ASCs is licensed and is subject to regular state and federal inspections. There are additional regulatory agencies that set and maintain standards of care for ASCs, such as the Accreditation Association for Ambulatory Health Care and the Joint Commission on Accreditation of Healthcare Organizations. COVID-19 is easy to protect them from. ASCs, unlike hospitals, do not treat COVID-19 patients. ASCs are easier to keep clean and sanitary because they are smaller, and fewer individuals access the facility at a time. The best part is that a patient can return home the same day.
Global Ambulatory Surgical Centers Market Segmentation
The global ambulatory surgical centers segmentation includes the ownership, surgery type, specialty type, service, and geography. The surgery type segment includes physician only, physician & hospital, a corporation only, physician & corporation, the hospital only, and hospital & corporation. Cardiovascular, dental, endoscopy, neurology, obstetrics/gynecology, ophthalmology, orthopedic, otolaryngology, plastic surgery, podiatry, and others are considered in the surgery type segment. Based on specialty type, the segmentation comprises multi-specialty and single specialty. Diagnosis and treatment are the categorizations of the service segment.
Furthermore, North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa are the regional categorization of the global ambulatory surgical centers market. In 2020, North America conquered the major portion of the market. One of the major drivers of ambulatory surgical center expansion, according to industry executives at Becker's ASC Leadership Virtual Forum in October 2020, is the need for new ideas and innovation to bring down the cost of health care in the United States. Ambulatory surgery centers will remain at the forefront of this trend, spending time and money in areas such as technology to improve patient communication and the transfer of more surgical procedures to the outpatient setting. To drive down the cost of health care in the United States, new solutions and innovation require growth. However, the Asia-Pacific region is likely to attain the fastest growth due to the growing chronic disorders, increasing number of ASCs, and growing healthcare expenditure.
Major Players
The prominent players offered in the report include 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.
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