NEW YORK, Nov. 21, 2018 (GLOBE NEWSWIRE) -- The global ambulatory surgical centers (ASCs) market was valued at USD 77.1 billion in 2017 and is expected to reach USD 97.3 billion by 2024, at a CAGR of 3.5%. The growth is primarily attributed to the growing number of surgeries performed in ASCs and growing incidence of accidental cases. There are several advantages of using ambulatory surgical centers such as the personal attention, the patient receive and the lack of exposure to a wide range of infections. This is also one of the reason that ASCs market is expected to increase in coming years globally.
Ambulatory surgery centers (ASCs) are providing surgical and emergency care services on an outpatient basis. It offers improved patient care quality along with the reduction in healthcare cost. The growth of this industry is attributed to increasing prevalence of acute and chronic diseases and growing incidence of accidental cases across the globe. Patients are opting for ambulatory services owing to rising burden of treatment cost and better outcomes with higher patient satisfaction. Moreover, technological advancements in the surgical techniques have allowed increasing number of procedure performed in ASCs. Furthermore, as healthcare industry and investors look for new methods to cut costs, an ambulatory surgical center offers additional benefits as compared to hospitals. The lower rate of infections and cost effectiveness of ASCs will drive the ambulatory surgical centers market over the forecast period.
Global Ambulatory Surgical Centers Market Regional Insight
Geographically, North America held the largest market share of the global market in 2017. The growth in the region is attributed to the growing investments in ASCs by major private healthcare companies and patients adopting minimally invasive therapies. Europe held the second largest share of the global market owing to higher volume of orthopedic surgery, and high number of eyes disorders. Additionally, local governments of this region are also promoting the adoption of ASCs. Asia-Pacific is expected to be the fastest growing market due to growing number of aging population and increasing accidental cases and more chronic conditions are expected to propel the market growth in this region.
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Key findings from the report:
- On the basis of specialty, the multi-specialty surgical centers segment held the share of the market in 2017. The growth is attributed to growing number of surgeries procedure performed, and people moving towards multi-specialty surgical centers due to presence of highly skilled and qualified surgeons, nurse, and staff.
- On the basis of multi-specialty surgical centers, the orthopedic segment held the major share of the market
- On the basis of services, the surgical services held the major share of the market in 2017, and expected to continue its dominance over the forecast period
- Based on the ownership type, the physician only, segment held the major share of the market in 2017
- Based on the ownership type, the physician only, segment held the major share of the market in 2017
- Geographically, North America held the largest share of the global market in 2017 and the trend is likely to continue over the forecast period
- Some of the key companies operating in the market include, Proliance Surgeons, Inc., Tenet Healthcare Corporation, Regent Surgical Health, Surgical Management Professionals, ASD Management, United Surgical Partners International, Symbion Pty Ltd., AmSurg Corp., Medical Facilities Corporation, Ambulatory Surgical Centers of America, and HCA Healthcare, Inc.
This report segments global ambulatory surgical centers market by specialty, services, location, ownership type, modality, and region.
By Specialty
- Single Specialty Surgical Centers
- Podiatry
- Dental
- Otolaryngology
- Endoscopy
- Gynecology
- Ophthalmology
- Orthopedic
- Pain management
- Plastic surgery
- Other
- Multi-Specialty Surgical Centers
- Podiatry
- Dental
- Otolaryngology
- Endoscopy
- Gynecology
- Ophthalmology
- Orthopedic
- Pain management
- Plastic surgery
- Other
By Services
- Surgical services
- Diagnostic services
By Location
- Rural
- Urban
By Ownership Type
- Physician only
- Corporate-physician
- Hospital-physician
- Corporate-hospital
- Corporate only
- Hospital only
By Modality
- Hospital-based ambulatory surgical center
- Freestanding ambulatory surgical center
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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