Market Overview:
Ambulatory surgery centers (ASCs) provide same-day surgical care, including diagnostic and preventive procedures. ASCs are equipped with operating and recovery rooms and have limited inpatient services, allowing them to perform low-risk surgeries at a lower cost than hospitals. They specialize in areas such as ophthalmology, orthopedics, gastrointestinal, and pain management procedures. ASCs help reduce healthcare costs, offer quicker recovery times, and provide more scheduling flexibility compared to hospital-based outpatient departments.
The U.S. Ambulatory Surgery Center Market is estimated to be valued at US$ 65.58 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for ambulatory surgical centers in the U.S. is expected to grow owing to increased preference for quality healthcare at affordable prices. ASCs allow insurers and healthcare providers to reduce the cost of low-risk surgeries by 20-50% compared to hospital outpatient departments. This cost advantage has led to a shift from inpatient to outpatient surgeries being performed in ASCs. Furthermore, the growing geriatric population undergoing various age-related medical procedures will drive the market growth during the forecast period. ASCs are well-equipped to handle an increasing number of orthopedic and ophthalmic surgical procedures among the elderly.
Porter’s Analysis
Threat of new entrants: Low cost of entry into the ASC market; however, obtaining certification, building reputation and establishing reference network can take significant time and effort.
Bargaining power of buyers: ASCs provide cheaper alternative to in-patient hospital procedures. Yet, bargaining power of buyers like insurance firms is high given the network of options.
Bargaining power of suppliers: Suppliers of medical equipment and pharmaceuticals have moderate power given specialized nature of supplies and need for quality certifications.
Threat of new substitutes: Minimal threat as ASC provide niche alternative to in-patient care that complements rather than replaces it.
Competitive rivalry: High rivalry among existing ASCs to attract doctors, patients and contracts.
SWOT Analysis
Strengths: Lower treatment costs compared to hospitals; specialized facilities focused on select procedures.
Weaknesses: Lack access to expensive diagnostic tests; limited capability for complex/emergency cases.
Opportunities: Growth of outpatient surgeries; ageing population driving demand for orthopedic/ophthalmology procedures.
Threats: Economic downturn impacting discretionary healthcare spending; regulations can affect profitability.
Key Takeaways
The U.S. ambulatory surgery center market size is expected to be valued at US$ 65.58 Bn in 2023 and is projected to grow at a CAGR of 5.2% during the forecast period till 2030. Rapid rise in surgical procedures and shift towards cost-effective outpatient settings are fueling the market growth.
Regionally, the South dominated the U.S. ASC market in 2023 due to prevalence of multi-specialty ASCs and supportive regulatory environment in states like Texas and Florida. The West region is anticipated to witness highest CAGR during the forecast period with growing geriatric population requiring orthopedic/ophthalmic procedures in states like California.
Key players operating in the U.S. ambulatory surgery center market are AmSurg Corp., Getinge Group, Tenet Healthcare, Regent surgery Health L.L.C, Covenant surgery Partners Inc, and Surgery Partners. Industry leaders are focusing on acquisitions to expand service offerings and geographic footprints.
This report studies the Ambulatory Surgery Center market, covering market size for segment by type (Single-specialty Centers, Multi-specialty Centers, etc.
and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).This report provides detailed historical analysis of global market for Ambulatory Surgery Center from 2015-2020, and provides extensive market forecasts from 2021-2030 by region/country and subsectors.
It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Ambulatory Surgery Center market.Moreover, the impact of COVID-19 is also concerned.
Since outbreak in December 2019, the COVID-19 virus has spread to all around the world and caused huge losses of lives and economy, and the global manufacturing, tourism and financial markets have been hit hard, while the online market/industry increase.
Fortunately, with the development of vaccine and other effort by global governments and organizations, the negative impact of COVID-19 is expected to subside and the global economy is expected to recover.Click Here to Get Sample Premium Report @https://www.trendsmarketresearch.com/report/sample/13635 This research covers COVID-19 impacts on the upstream, midstream and downstream industries.
In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market.
Consistent with the report published by the authorities the scope of the global Ambulatory Surgery Center (ASC) Market was appreciated by US$ 75.2 billion in 2018 and is estimated to touch US$ 120.8 billion by the completion of 2026.
Market Overview: Ambulatory surgery center (ASC) carry out surgical treatment in casualty locations to support patients.
It delivers health care services furnished with skilled medical practitioner, operational rooms and recovery rooms.
Key Players:Health way Medical Group,UnitedHealth Group,Team Health,Tenet Healthcare Corporation Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/ambulatory-surgery-center-asc-market/request-sample Growth Drivers: Growing number of conglomerates between hospitals to start ambulatory surgery centers are enhancing the global ASC industry during the current years and likely to upsurge during the period of forecast.
These centers deliver finest operating experience likely at a lesser charge to patients.
Growing occurrence of long-lasting illnesses in the grown-up population is mainly motivating the global ambulatory surgery centers industry.
