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Pulished Date November, 2021
ID: 12465
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Global Ambulatory Surgical Centers Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Component, Specialty Type, Application & Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Forecast (2021 to 2026)

Pulished: November, 2021
ID: 12465
Pages: 190

Global Ambulatory Surgical Centers Market Size (2021 to 2026)

The global ambulatory surgical centers market size is estimated to be growing at a CAGR of 31.25% from 2021 to 2026 and worth USD 11.91 billion by 2026 from USD 3.06 billion in 2021.

ASCs, as per the Ambulatory Surgery Centre Association (ASCA), are more concerned with ensuring that patients have the most pleasing surgical experience possible while also providing more reasonable care. Patients often pay less coinsurance for treatments conducted in an ASC than for comparable procedures performed in a hospital setting; hence ASCs have gotten a lot of interest in the global market. An ambulatory surgery center (ASC) is an outpatient health care facility that offers same-day surgery and other procedures. Rather than a traditional hospital, these centers, which may require many overnight stays, can provide a better experience when you need surgery, especially during COVID-19.

Impact of COVID-19 on the global ambulatory surgical centers market:

The pandemic of COVID-19 had a significant impact on the market. To prevent community transmission of the COVID-19 disease, many world countries implemented lockdown and postponed non-essential procedures. This critical step resulted in a significant drop in ambulatory visits, significantly limiting growth at first. Ambulatory surgical centers (ASCs) must be prepared for the pandemic could strain the system to the point that hospitals will be compelled to shift key surgeries to ASCs, and ASCs will be forced to serve communities and the healthcare system in new ways. Those situations would be governed by further regulatory guidance. Thus, the pandemic has increased a desire among providers and even some medical technology manufacturers to acquire or enter the surgery center sector. Fears of contracting COVID-19 have reduced stress and strains at hospitals, one of the most significant causes of this shift. Payers are pleased about this trend because the expenses of similar treatment in an ambulatory surgery facility can be half of what they would be in a hospital.

MARKET DRIVERS:

The aged population requires efficient care and management because they are prone to a variety of chronic ailments. As a result, the growing geriatric population would positively impact global ambulatory surgical centers market growth over the forecast period. Similarly, the market is expanding due to the increasing availability and demand for minimally invasive techniques for better patient management. It is one of the most common causes of disability and mortality in both developed and emerging economies. Over the forecast period, the worldwide ambulatory surgical center market is expected to grow due to the increasing number of cataract surgeries.

Increasing demand for technological advancements in surgical instruments and equipment and surgeon discretion over equipment selection further accelerates the global ambulatory surgical centers market's growth. Rising healthcare costs are a significant cause of concern for the company, as they result in many individuals being unable to afford treatment, especially surgical procedures. As a result, healthcare providers have been compelled to devise creative strategies to reduce the cost of such therapies while maintaining high quality. In this situation, ASCs have proven to be a viable option. Joint venture tactics in establishing new ASCs are likely to provide attractive growth opportunities for industry players. Reduced revenue in ASCs indicates a joint venture in the current circumstances, as it might lower the initial investment cost and mitigate some of the adverse financial risks. Furthermore, relevant actors must examine the obstacles to cases being transferred from hospitals to ASCs. This may be useful in addressing ASCs' inability to meet the required volume threshold to generate revenue. The rising frequency of chronic diseases and the increasing number of surgeries performed every day are driving up demand for ASCs during the forecast period.

MARKET RESTRAINTS:

During the forecast period, high deployment costs and reluctance among end-users to adopt new approaches are projected to limit overall market growth to some extent. The worldwide ambulatory surgical center market is likely to be challenged by a low physician-to-patient ratio. Furthermore, the elimination of out-of-network reimbursement is projected to stifle industry growth. Payor pressure on physicians and patients to choose in-network providers for referrals and encounters might be responsible for this.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Covered

By Component, Specialty Type, Application & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

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

 

This research report on the global ambulatory surgical centers market has been segmented and sub-segmented based on component, specialty type, application, and region.

Ambulatory Surgical Centers Market – By Specialty:

  • Single Specialty
  • Multi-specialty

Based on the specialty, the multi-specialty segment of the Ambulatory Surgical Centers Market accounted for the highest proportion of the market in 2020. The huge proportion of this market can be attributable to the large number of surgical procedures performed in these institutions and the fact that these procedures are reimbursed.

Ambulatory Surgical Centers Market – By Component:

  • Service
  • Software 
  • Hardware

The services segment held the most significant share in the global ambulatory surgical centers market in 2020. This is owing to a rise in demand for consultancy and outsourcing of various healthcare activities such as revenue cycle management, EHR administration, fraud detection, and the introduction of complex technologies, and the need for software integration and interoperability.

Ambulatory Surgical Centers Market – By Application:

  • Ophthalmology
  • Orthopedics
  • Gastroenterology
  • Pain Management/Spinal Injections
  • Plastic Surgery

Due to the widespread presence of gastrointestinal departments worldwide, the gastroenterology segment accounted for the highest proportion of the global market. Changes in lifestyle and excessive consumption of high-cholesterol diets and junk food are at fault.

Ambulatory Surgical Centers Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Due to the growing number of ambulatory surgery centres in North America, this region is predicted to lead the global Ambulatory Surgical Centers Market during the forecast period. In addition, the regional expansion will be aided by the availability of better healthcare experts at ASCs who can provide exemplary patient care. Similarly, the growing elderly population, which is dealing with various chronic conditions, will drive market growth.

ASCs are a relatively new concept in the Asia Pacific. However, rising healthcare expenses due to the rise in chronic disease prevalence, the aging population, high healthcare spending, and increasing hospital readmissions have led to the expansion of outpatient centers. As a result, the region is predicted to expand the fastest in the future years. Japan has the world's highest life expectancy and is one of the top-ranking countries with geriatric populations. Chronic diseases are becoming more common and expensive, and they are among the most common and costly health issues.

KEY MARKET PARTICIPANTS:

Community Health Systems, Inc., Edward-Elmhurst Health, Envision Healthcare Corporation, Group Eifelhohen-Klinik AG, Healthway Medical Group, MEDNAX Services, Inc., NOVENA GLOBAL HEALTHCARE GROUP, INC., Prospect Medical Group, Quorum Health Corporation, and SurgCenter Development are a few of the noteworthy companies operating in the global ambulatory surgical centers market profiled in this report.

RECENT HAPPENINGS IN THIS MARKET:

  • El Centro Regional Medical Center (ECRMC) announced a partnership with Cerner Corporation in July 2021. The collaboration intends to create a financial and clinical system that is integrated.
  • GE Healthcare released Edison Datalogue in 2019.
  • In 2019, MEDITECH and Google teamed up to make EHR data available on the Google Cloud Platform. This aided in the secure delivery of patient data, as well as scalability and interoperability.
  1. Introduction                                 
    1. Market Definition                    
    2. Scope of the report                 
    3. Study Assumptions                 
    4. Base Currency, Base Year and Forecast Periods                           
  2. Research Methodology                                           
    1. Analysis Design                         
    2. Research Phases                      
      1. Secondary Research           
      2. Primary Research 
      3. Data Modelling     
      4. Expert Validation  
    3. Study Timeline                          
  3. Report Overview                                        
    1. Executive Summary                
    2. Key Inferences                       
  4. Market Dynamics                                       
    1. Impact Analysis                        
      1. Drivers      
      2. Restraints 
      3. Opportunities        
    2. Regulatory Environment                       
    3. Technology Timeline & Recent Trends                            
  5. Competitor Benchmarking Analysis                                    
    1. Key Player Benchmarking                     
      1. Market share analysis         
      2. Products/Service 
      3. Regional Presence
    2. Mergers & Acquisition Landscape                      
    3. Joint Ventures & Collaborations                        
  6. Market Segmentation                                              
    1. Global Ambulatory Surgical Centers Market, By Specialty Type
      1. Single Specialty
      2. Multi-specialty
      3. Market Size Estimations & Forecasts (2021-2026)   
      4. Y-o-Y Growth Rate Analysis              
      5. Market Attractiveness Index           
    2. Global Ambulatory Surgical Centers Market, By Component
      1. Service
      2. Software
      3. Hardware
      4. Market Size Estimations & Forecasts (2021-2026)   
      5. Y-o-Y Growth Rate Analysis              
      6. Market Attractiveness Index         
    3. Global Ambulatory Surgical Centers Market, By Application
      1. Ophthalmology
      2. Orthopaedics
      3. Gastroenterology
      4. Pain Management/Spinal Injections
      5. Plastic Surgery
      6. Market Size Estimations & Forecasts (2021-2026)   
      7. Y-o-Y Growth Rate Analysis              
      8. Market Attractiveness Index         
  7. Geographical Landscape                                         
    1. Global Ambulatory Surgical Centers Market, By Region                 
    2. North America - Market Analysis (2021 - 2026)                            
      1. By Country              
        1. USA
        2. Canada
    3. Europe                         
      1. By Country              
        1. UK
        2. France
        3. Germany
        4. Spain
        5. Italy
        6. Rest of Europe
    4. Asia Pacific                  
      1. By Country              
        1. China
        2. India
        3. Japan
        4. South Korea
        5. South East Asia
        6. Australia & NZ
        7. Rest of Asia-Pacific
    5. Latin America                            
      1. By Country              
        1. Brazil
        2. Argentina
        3. Mexico
        4. Rest of Latin America
    6. Middle East and Africa                           
      1. By Country              
        1. Middle East
        2. Africa
  8. Key Player Analysis                                    
    1. Community Health Systems, Inc.
      1. Business Description           
      2. Products/Service 
      3. Financials 
      4. SWOT Analysis      
      5. Recent Developments       
      6. Analyst Overview 
    2. Edward-Elmhurst Health
    3. Envision Healthcare Corporation
    4. Group Eifelhohen-Klinik AG
    5. Healthway Medical Group
    6. MEDNAX Services, Inc.
    7. NOVENA GLOBAL HEALTHCARE GROUP, INC.
    8. Prospect Medical Group
    9. Quorum Health Corporation
    10. SurgCenter Development
  9. Market Outlook & Investment Opportunities
  10. Appendix
    1. List of Tables
    2. List of Figures
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identifying the regions that are still untapped.
  • Segment-level analysis in terms of specialty, component and application along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

Ambulatory Surgical Centers Market 

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