Sellbyville, Delaware, May 01, 2018 (GLOBE NEWSWIRE) --
Global Ambulatory Surgical Centers Market is projected to surpass USD 93 billion by 2024; according to a new research report by Global Market Insights. Rising prevalence of chronic diseases across the globe fuels the need to develop newer technologies offering good process quality, and fast recovery, augmenting the global ambulatory surgical centers market size. Advancements in surgical procedure offering high quality settings at lower cost, by cutting down overnight stay charges, will fuel industry expansion. For instance, in 2017 Centers for Medicare and Medicaid Services (CMS) approved the exclusion of total knee arthroplasty (TKA) from the in-patient list only and approved the procedure as outpatient for 2018. Such initiatives by public entities will boost global Ambulatory Surgical Centers market growth.
Presence of national, non-profit organizations such as Ambulatory Surgical Centers Association (ASCA) with an aim to spread awareness among people regarding ASC, improve decision making for treatment options for specific patients, liaison with other organizations to improve access and reduce cost of health care as well as encourage private insurers and state programs to provide insurance coverage and establish reasonable standards for ASCs will augment industry growth.
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Fair reimbursement policies by government to reduce cost burden for certain lifesaving surgical procedures will driver market growth. Further, rising demand for health services owing to increasing disposable income in developing countries is another growth driver fuelling the market growth. However, stringent government laws and quality standards pertaining to ambulatory surgical centers coupled with low physician-to-patient in nations like Indian and Brazil ratio will restrict business growth.
Physician only segment dominated the market share in 2017 and is expected to show a considerable growth over the coming years owing to the availability of single specialty based on domain expertise as well as multispecialty facilities by collaboration with different physicians and low cost of procedures at physician owned ASCs as compared to other ASCs. Furthermore, favourable reimbursements, minimum overheads and other related costs will accelerate the revenue growth of physician only segment.
Browse key industry insights spread across 140 pages with around 242 market data tables & 10 figures & charts from the report, “Ambulatory Surgical Centers Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ambulatory-surgical-centers-market
Ophthalmology segment accounted for the largest growing segment in 2017 owing to the increasing elderly population. Additionally, rising incidences of eye-sight related problems due to improper blood sugar level, increasing use of mobile phones and prolong exposure to computers and laptops at work will fuel the segment growth.
Multispecialty segment will show considerable growth over the coming years owing to the increasing prevalence of chronic diseases. Inclination of patients towards related minimally invasive therapies at a single place, increased Medicare spending on ASCs on various procedures such as hysterectomy and lumbar spine surgery will favour future segment growth.
U.S. dominated the ambulatory surgical centers market in 2017 owing to the increasing disease burden, adoption of minimally invasive procedures and high healthcare spending. Advancements in technology, superior infrastructure, excellent process quality and reduced hospital-stay will escalate regional market size over the forecast period.
Germany market is expected to grow at significant rate due to rising inclination towards technological advancements as well as favourable reimbursements policies. Developing healthcare facilities, adoption of advanced and low risk procedures and increasing healthcare expenditure will augment the industry growth.
Some of the key industry players operating in ambulatory surgical centers medicine market are AmSurg, Ambulatory Surgical Centers of America, ASD Management, Covenant Surgical Partners, Hospital Corporations of America, Physicians Endoscopy, SurgCenter Development, Proliance Surgeons, Regent Surgical Health, Surgical Care Affiliates, Surgical Management Professionals, Surgery Partners and Tenet/USPI.
The industry players attempt to develop cost-effective solutions and tools for various procedures carried out in the ambulatory surgical centers. Strategic expansion through mergers and acquisitions enhance services offered by these ambulatory surgical centers.
There has been a significant movement in surgical procedures shifting to hospital outpatient from hospital inpatient, and now to ambulatory surgical centers. This shift is caused due to various reasons, including significant cost savings for payers and patients alike, high quality outcomes, technology that has allowed more complex procedures to be performed in ASCs, and convenience for patients and providers.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.