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Market Overview:
Ambulatory surgery centers (ASCs) are modern healthcare facilities focused on providing same-day surgical care, including diagnostic and preventive procedures. ASCs are equipped with state-of-the-art medical equipment to perform various general surgical and non-surgical procedures such as orthopedic, ophthalmology, ENT, pain management, endoscopy and others. They offer value-based, high quality and convenient care to patients as an alternative to hospital-based outpatient procedures or elective surgeries.
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 Dynamics:
Technological advancements: Rapid advancements in minimally invasive surgical technologies such as robot-assisted surgery, 3D imaging and imaging guidance systems has significantly increased the scope of surgeries that can be performed at ASCs on an outpatient basis. This has boosted capacity and service offerings at ASCs in the US.
Increasing preference for outpatient care: Growing preference for convenient and affordable outpatient surgical care along with rising health insurance coverage has led to significant shift from inpatient to outpatient settings over the years. This drives strong growth of ASCs in the US.
Segment Analysis
The U.S. ambulatory surgery center market is dominated by single-specialty centers, which hold around two-thirds of the overall market share. These centers focus on specific specialties like ophthalmology, orthopedics, and pain management and have experienced physicians, modern equipment as well as dedicated nursing staff to cater to outpatient surgical procedures within their specialized domain. Their streamlined operations and expertise in niche areas have helped them attract high patient volumes in a cost-effective manner.
PEST Analysis
Political: The ambulatory surgery centers receive favorable support from the U.S. government in terms of policies promoting cost-efficient outpatient care and reducing healthcare expenditure.
Economic: Being less costly compared to inpatient hospital stays, ambulatory surgery centers help reduce the economic burden of surgical procedures on patients.
Social: The growing preference for minimally invasive treatments and increasing acceptance of outpatient surgeries is driving more patients to opt for ambulatory surgical centers.
Technological: Adoption of advanced medical equipment and newer minimally invasive surgical techniques have enabled complex procedures to be performed safely on an outpatient basis at ambulatory surgical centers.
Key Takeaways
The U.S. Ambulatory Surgery Center Market is expected to witness a CAGR of 5.2% over the forecast period of 2023 to 2030 to reach a market size of US$ 95.3 Bn by 2030 due to the increasing preference for cost-efficient outpatient surgical care.
The South region holds the major share in the U.S. ambulatory surgery center market owing to growing demand as well as proliferation of standalone and hospital-affiliated centers. States like Texas and Florida are leading markets for ambulatory surgery centers in the South region.
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. AmSurg Corp. is currently the largest player in the country owing to its large national network of over 180 ambulatory surgical facilities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
