Industry Insights
The global ambulatory surgery centers market was valued at USD 60.81 billion in 2017, growing at a CAGR of 5.5 % from 2017 to 2025. Increase in the incidence of chronic diseases and the rise in geriatric population, requiring cost-effective and efficient treatment are among the key factors driving the market. Also, advancements in diagnostic techniques and surgeries, such as minimally invasive surgeries, endoscopy, and laparoscopy, will have a positive impact on ASCs market growth in the coming years.
ASCs solve financial issues associated with hospital stays, treatment delays, and surgery expenditure. According to a report by the Centers for Medicare & Medicaid Services (CMS), in 2008, there were total 5,175 Medicare-certified Ambulatory Surgery Centers treating around 3.3 million patients in the U.S. In the same year, the Medicare-related payments received by the ASCs were around USD 3.0 billion. The scale in treating patients highlights the growing role of ASCs in the U.S. healthcare system.
Segmentation by Application
• Ophthalmology
• Orthopedics
• Gastroenterology
• Pain Management/Spinal Injections
• Plastic Surgery
• Others
In 2017, ophthalmology was the largest application segment accounting for 28% of the ambulatory surgery centers market. With the change in demographics, the demand for ophthalmic services is expected to increase at a considerable rate due to the increasing preference for primary care services at low cost. According to a report by the National Institute on Aging (NIA), one in every five Americans will be 65 years or above by 2030.
As per the American Optometric Association, in 2012, there were 58,000 eye care professionals practicing in the U.S., with 40,000 optometrists and 18,000 ophthalmologists. As per certain estimates, the global geriatric population was nearly 617.1 million in 2015 and is anticipated to reach 998.7 million by 2030. The increase in geriatric population and favorable reimbursement policies has spurred the demand for ophthalmic procedures, such as vitreoretinal and cataract surgery.
The gastroenterology market is expected to be the fastest growing market with a CAGR of more than 6.5% from 2017 to 2025. It is one of the most common surgical specialties in multi- or single-specialty ambulatory centers. Ambulatory care visits for gastrointestinal diseases is steadily increasing.
For instance, according to Jobson Medical Information LLC, in 2011, 136 million visits to hospital emergency department and 126 million visits to hospital outpatient departments were made in the U.S. This department is present in 34% of all the outpatient surgical centers and around 3,744 gastroenterology procedures are performed in each of the ambulatory centers annually.
In the U.S., digestive disorders affect around 60 million individuals. According to the data published by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), in 2010, around 60 million to 70 million people suffered from gastrointestinal conditions and 48.3 million patients visited ambulatory care centers.
Segmentation by Region
• North America
• Europe
• Asia Pacific (Excluding South East Asia)
• South East Asia
• Rest of the World
In 2017, North America accounted for around 47.0% of the global ambulatory surgery centers market and is expected to maintain its dominance in the coming years as well. Major factors contributing to the growth are increasing government funding to advance primary care services and increasing coverage for outpatient services.
Technological advancements in facilitating advance surgeries and treatments will have a positive impact on the growth of the market. Initiatives by key players in the region to extend their presence will also drive the growth of surgery centers. For instance, in March 2015, United Surgical Partners International (USPI) extended its network of ambulatory care units in partnership with Tenet Healthcare. The collaboration offered 50 health systems, 4,000 physicians, and around 265 short-day surgical facilities with 20 imaging centers.
The Asia Pacific market is expected to be the fastest growing market with a CAGR of more than 7.5% from 2017 to 2025. Increasing chronic diseases, an aging population, and rising hospital readmissions in developing countries including China and India is expected to promote the growth of these centers in the coming years.
According to studies, Asia has around 60.0% of the world’s population that lives in poor socioeconomic conditions. The adoption of ambulatory emergency care in the region is projected to increase after implementation of new integrated systems with advanced technology and accessible diagnostics.
Competitive Landscape
The outpatient surgery centers market is highly competitive with the presence of multiple well-established service providers. In the coming years, service providers are expected to provide affordable and convenient patient-driven medical care services to consolidate their presence in the surgicenters market. In the coming years, established hospitals are expected to strengthen their position in the ambulatory surgery centers industry, where the majority of the ASCs are physician or investor-owned.
Some of the key companies in the same day surgery centers market include Envision Healthcare Corporation, Tenet Healthcare Corporation, HCA Healthcare, Inc., MEDNAX Services, Inc., TeamHealth, UnitedHealth Group, Quorum Health Corporation, Surgery Partners, Novena Global Healthcare Group, CHSPSC, LLC., Terveystalo-konserni, SurgCenter, Healthway, Prospect Medical Group, Eifelhöhen Klinik AG, and Edward-Elmhurst Health.
