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North America Ambulatory Surgical Centers Market Research Report – Segmented By Component, Specialty Type, Application & Country (The United States, Canada and Rest of North America) – Industry Forecast (2022 to 2027)

Published: March, 2023
ID: 13096
Pages: 100
Formats: report pdf report excel report power bi report ppt

North America Ambulatory Surgical Centers Market Size (2022 to 2027)

The ambulatory surgical centers market in the North American region is predicted to be worth USD 3.95 billion by 2027 from USD 1.04 billion in 2022, rising at a CAGR of 30.53% from 2022 to 2027.

The ambulatory surgery center is also known as an outpatient surgery center since it provides patients with the convenience of same-day surgery. The pain treatment team, which includes therapists, psychologists, practitioners, and others, runs these advanced healthcare facilities. ASCs are steadily increasing in response to demand from key stakeholders such as surgical care patients, clinicians, and insurance. High levels of patient satisfaction have fuelled the need for more ambulatory surgical centers as they provide efficient physician practice, high levels of service quality, and cost-cutting measures. Furthermore, ASCs can perform a variety of diagnostic and preventive surgeries such as cataract surgery, orthopedic treatments, and gastroenterology. However, having hospital surgery involving a stay in the hospital for more than a month is too expensive.

Factors such as the rising prevalence of chronic diseases and other acute diseases are likely to fuel the ambulatory surgical centers market expansion in North America. It is one of the leading causes of disability and death in both countries, including the United States and Canada. Furthermore, poor nutrition, excessive alcohol intake, tobacco smoking, a lack of physical exercise among adults, and a sedentary lifestyle contribute to an increase in the prevalence of chronic diseases in the United States.

Other factors such as the growing population and the increasing prices of hospital care are further estimated to be accelerating the growth rate of the ambulatory surgery centers market in North America. In addition, the growing trend of healthcare IT such as telehealth, mHealth, and remote patient monitoring for better management is expected to favor this region's market during the forecast period.  Furthermore, the rising number of partnerships and acquisitions in the region to advance ambulatory surgical centers is also uplifting the market growth.

However, the high deployment cost and the reluctance among the end-users to adopt new methods restrict the market growth. In addition, the lack of skilled professionals and unfavorable policies in some parts of the region are estimated to hinder the development of the North American ambulatory surgical centers market.

This research report on the North American ambulatory surgical centers market has been segmented and sub-segmented into the following categories.

By Specialty:

  • Single Specialty
  • Multi-specialty

By Component:

  • Service
  • Software 
  • Hardware

By Application:

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

By Country:

  • The United States
  • Canada
  • Rest of North America

Geographically, North America held the largest share of the global ambulatory surgical centers market in 2021, and it is projected to continue showing dominance throughout the forecast period. The increasing prevalence of chronic healthcare disorders, growing population and associated sedentary lifestyles, and technological advancements in the healthcare sector boost market growth. In addition, favorable reimbursement policies, the presence of key market players, and the adoption of key market strategies are uplifting the market growth.

The U.S. ambulatory surgical centers market accounted for the majority share of the North American market in 2021. Furthermore, it is anticipated to continue recording a significant share during the forecast period. The rising healthcare prices have been a substantial concern among the people in the United States, as many people cannot afford sufficient medical treatments, including surgical operations, as it influences the demand for the U.S. ambulatory surgery center market. In addition, the growing prevalence of chronic diseases, rising awareness about the availability of advanced treatment procedures, and increasing healthcare expenditure are further propelling the growth of the U.S. ambulatory surgical centers market.

Similarly, the Canadian ambulatory surgical centers market is projected to record a considerable share in the North American market during the forecast period. Advancements in the healthcare infrastructure, increasing demand for minimally invasive cosmetic surgeries, and the growing geriatric population contribute to the market growth.

KEY MARKET PLAYERS:

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 playing a notable role in the North America ambulatory surgical centers market profiled in this report.

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