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Ambulatory surgical centers provide convenient, high-quality care for a variety of outpatient surgeries and procedures. Ambulatory surgical centers specialize in same-day, elective procedures including orthopedics, ENT, ophthalmology, and general surgery. They aim to offer surgical care in an efficient, cost-effective manner without compromising on quality or safety. The ambulatory surgical center procedures involve minimally invasive surgeries with less recovery time and fewer complications for patients.
The Global Ambulatory Surgical Center Market is estimated to be valued at US$ 137.8 Bn in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Ambulatory Surgical Center market are AmSurg Corp., HCA Holdings, Inc., Tenet Healthcare, Surgical Care Affiliates, Inc., Surgery Partners, Ambulatory Surgical Centers of America, Heathway Medical Group, Community Health Systems, Inc., and Vision Group Holdings.
The transition towards minimally invasive surgeries has greatly increased the demand for ambulatory surgical centers globally over the years. Miniaturization of tools and techniques allow shorter recovery times and reduced complications for patients. Additionally, changing reimbursement policies are encouraging the expansion of ambulatory surgical centers to reduce healthcare costs.
Market key trends
Transition towards value-based care is a major trend in the ambulatory surgical center market. The focus is shifting from volume to value, with payers and providers aiming to deliver improved health outcomes at reduced costs. Ambulatory surgical centers partner with insurers, providers, and employers to deliver coordinated, affordable care through bundled payments, shared savings programs, and narrow networks. This ensures optimal resource utilization, pre-authorization for treatment plans, and post-discharge follow up for timely recovery and reduced readmissions. The demand for ambulatory surgical centers will continue gaining traction driven by their emphasis on quality, patient-centered care at affordable prices.
Porter’s Analysis
Threat of new entrants: difficult to set up new centers due to high cost and regulations. Bargaining power of buyers: increased power due to growth of small local player. Bargaining power of suppliers: insurance companies have moderate bargaining power over prices. Threat of new substitutes: threat from home care and outpatient departments. Competitive rivalry: intense between existing large player to gain market share.
Geographical Regions
The United States accounts for the largest share in terms of value in the global ambulatory surgical center market. This is attributed to the rising demand for ASCs due to their benefits over hospitals such as lower costs and wait times.
The Asia Pacific region is expected to witness the fastest growth during the forecast period. This is due to growing preference for minimally invasive surgeries and rising healthcare expenditure in developing countries such as India and China. The increasing insurance penetration and expansion of private healthcare facilities are further expected to support market growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
