Ambulatory Surgical Center Market Growth Accelerated by Adoption of Advanced Surgical Techniques
Ambulatory Surgical Centers provide similar services to hospitals for surgical procedures that do not require an overnight hospital stay. They are equipped with operating and recovery rooms but have fewer patient beds. The procedures commonly performed at ASCs include cataract surgery, colonoscopy, endoscopy, pain management, and plastic surgery. With fewer patients beds, ASCs are able to offer procedures at lower costs as compared to hospitals. They also provide patients convenience and avoid hospital acquired infections.
The global Ambulatory
Surgical Center Market is estimated to be valued at US$ 100.3 Bn in 2024
and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 to
2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends fueling the growth of the ambulatory surgical center
market is the growing adoption of advanced surgical techniques and technologies
among ASCs. ASC operators are continuously focusing on upgrading their surgical
technology and equipment to offer advanced minimally invasive procedures to
patients. This allows them to attract more patients and compete effectively
with hospitals. With advanced equipment and trained medical staff, ASCs are
able to perform complex surgeries using small incisions and cuts which lead to
less pain, faster recovery times for patients, and lower costs. The increasing
focus on advanced technology upgrades will continue to drive the demand for
ambulatory surgical centers during the forecast period.
Segment Analysis
The ambulatory surgical center market is dominated by single-specialty centers
that specialize in gastrointestinal endoscopy, ophthalmology, orthopedics or
pain management. These single-specialty centers hold over 70% of market share
as they are able to offer dedicated expertise in their specialty of focus.
Multi-specialty centers that offer various services under one roof hold the
remaining market share.
Key Takeaways
The global ambulatory surgical center market is expected to witness high growth
over the forecast period of 2024 to 2031.
Key players operating in the ambulatory surgical center market are United Surgical Partners International, Tenet Healthcare, Envision Healthcare, Surgery Partners, and AmSurg. United Surgical Partners International holds the leading market share currently with an extensive network of over 230 ASCs across the United States. Surgery Partners is another key player with a growing national ASC platform.
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