Ambulatory Surgical Centers Market Trends, Share, Forecast Report by 2024
Date: 2018-08-06   Author: Rahul Sankrityayan  Category: #industry

Ambulatory Surgical Centers Market Trends, Share, Forecast Report by 2024

Ambulatory Surgical Centers Market was valued over USD 65 billion in 2017, growing at 5% CAGR. The market is forecasted to witness significant growth from 2018-2024.

Ambulatory surgical centers market will witness significant growth due to rising prevalence of diseases and accidents. As per CDC, chronic diseases are responsible for 7 of 10 deaths each year, which will increase the demand for ambulatory surgical centers in forecasted future. According to the National Hospital Ambulatory Medical Care Survey: 2015, it was recorded that more than 1,36,943 number of patients visited emergency and outpatient department. However, this number will increase in future that will further fuel the demand for ambulatory surgical centers.

Growing surgical advancements and technological innovations associated with ambulatory surgical centers will augment the industry growth. Technological advancements leading to high accuracy and precision laparoscopic procedures will increase patient outcome. However, high costs of cutting edge medical devices will hamper the industry growth.

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Physicians owned ambulatory surgical centers enables maximum quality of care and a control over the clinical environment. Around 70 percent of the total surgeries performed globally are day-care surgeries. This further reduces the hospitalization costs and encourages the segment expansion.

Ophthalmologic surgeries are performed to remove cataract and eye defects. Approximately 10 million cataract surgeries are performed every year. Young and aging population are increasingly affected due to ocular conditions and long exposures to phone, laptop, computer screens. Quick and less invasive ophthalmologic surgeries performed in Ambulatory Surgical Centers will further increase the demand of this segment.

Multispecialty segment accounted for larger market shares in 2017, growing at 5% CAGR. U.S has more than 69% operating multispecialty ambulatory surgical centers. The multispecialty ambulatory surgical centers are high resource intensive, provide higher reimbursements and supply wide portfolio of services. Rising inclination of patients and physician towards less invasive procedures will lead to the segment growth.

Increasing demand for quick and accurate diagnosis due to increase of chronic diseases worldwide will drive the segment growth. Approximately 1.28 million Americans have type 1 diabetes. Technological advancements of diagnostic methods and increasing government initiatives will result in market development of ambulatory surgical centers.

U.S. will contribute significantly towards ambulatory surgical centers market owing to increasing accidents, diseases and geriatric population. This has further escalated the demand for ambulatory surgery centers due to increase in prevalence of old age issues. Rising disposable income and increasing healthcare expenditure will further boost the demand for such devices over the forecast period.

Some of the key players in industry are Hospital Corporation of America, Surgery Partners, Surgical Care Affiliates, AmSurg, United Surgical Partners International, EHH, THC, Mednax, Team Health, QHC, SurgCenter Development, Medical Facilities, ASCOA and Nueterra Healthcare. Strategic initiatives such as technologically advancements in diagnostic and preventive procedures will propel the industry growth.  

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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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