April 12, 2024

Ambulatory Surgical Center Market Growth Accelerated by Expansion of Facilities

Ambulatory surgical centers (ASCs) provide surgical services to patients who do not require an overnight hospital stay. These centers provide cost-effective procedures to patients for diverse surgeries such as ophthalmology, orthopedics, and gastroenterology. They offer facilities like operating/procedure rooms, pre-operation and post-operation care units.

The global Ambulatory Surgical Center Market is estimated to be valued at US$ 156 billion in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Large ASC companies are establishing new centers at strategic locations to capture larger patient pool and increase their service offerings. For instance, United Surgical Partners International acquired 18 surgical facilities in Texas, Florida, and Tennessee in 2021 to enhance its network of ASCs across the United States. Similarly, Surgery Partners established three new centers in 2021 and acquired majority stake in ten ASCs that same year. The rising mergers and acquisitions along with facility expansion initiatives by key players continue to offer significant growth opportunities in the ambulatory surgical center market over the forecast period.

Segment Analysis
The global ambulatory surgical center market is segmented by type into single specialty centers and multi-specialty centers. The multi-specialty centers segment dominates the market, holding around 60% market share. Multi-specialty centers offer a wide range of outpatient procedures under one roof in various therapeutic areas like ophthalmology, orthopedics, gastroenterology, pain management and others. This wide service portfolio attracts more patients and improves utilization rates of operating and recovery rooms across specialties which enhances the financial viability of multi-specialty centers.

Key Takeaways
The Global Ambulatory Surgical Center Market Size is expected to witness high growth over the forecast period of 2023 to 2028. During this period, the market is projected to grow at a compound annual growth rate of around 36%.

Regional analysis: North America currently holds the largest share of over 40% of the global market and is expected to remain dominant over the forecast period. This is attributed to the well-established healthcare infrastructure and growing preference for outpatient procedures in the U.S. and Canada. However, Asia Pacific is likely to emerge as the fastest growing regional market rising at a CAGR of over 40% during the forecast period. Rapidly developing healthcare infrastructure and increasing medical tourism are fueling the growth of ambulatory surgical centers in countries such as China, India and Japan.

Key players: Key players operating in the ambulatory surgical center market include AmSurg Corp., HCA Healthcare Inc., Tenet Healthcare, Surgical Care Affiliates, Surgery Partners, and Ambulatory Surgical Centers of America. AmSurg Corp. holds a leading market share of over 15% owing to its large network of over 230 surgical facilities across the U.S. HCA Healthcare operates over 180 ambulatory surgical facilities and is the second largest player.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it