Ambulatory Surgery Center Market Size, Share & Trends Analysis Report By Application (Orthopedics, Plastic Surgery, Ophthalmology, Gastroenterology, Pain Management), By Region, And Segment Forecasts, 2019 - 2026

Report Overview

The global ambulatory surgery center market size was valued at USD 75.2 billion in 2018 and is estimated to register a CAGR of 6.1% over the forecast period. Increasing demand for minimally invasive surgeries, technological developments in surgical devices and equipment, and surgeons’ control over the choice of such equipment are some of the factors responsible for ASC market growth. 

Rising healthcare costs are a major concern plaguing the industry and with it comes the fact that not many patients can afford the treatment they need, including surgical procedures. This has compelled healthcare providers to come up with new ways to make such services more affordable while also focusing on quality. ASCs have proven to be an effective solution in this scenario.

High hospitalization costs have also translated into dipping patient admissions in hospitals, with the number of outpatient visits witnessing a surge. According to the American Hospital Association, the total number of outpatient admissions increased from 624 million in 2008 to 675 million in 2012, while the number of inpatient admissions decreased from 35.76 million to 34.40 million in the same duration. The hike in outpatient admissions can also be attributed to the adoption of technologically advanced techniques in outpatient centers, rendering treatment cost-effective and speedier. Advanced surgical methods in such settings enable tests and procedures to be performed without hospital admission.

The rising number of collaborations and acquisitions in the field is also a key factor expected to drive the ASC market through 2026. In January 2017, Surgical Care Affiliates, Inc. (SCA) and Optum entered into an agreement to expand OptumCare’s capabilities in outpatient surgical procedures. In December 2016, SCA collaborated with Midwest Center for Day Surgery. The partnership was aimed at expanding SCA’s position as a low-cost, high-quality surgical services provider in Chicago. In addition, in December 2016, SCA entered into a partnership with Surgery Center at Doral (SCD) to enhance its presence in Miami. This collaboration was targeted to help provide high-quality surgical care at low costs to patients.

Application Insights

By application, the ambulatory surgery center market has been segmented into ophthalmology, orthopedics, gastroenterology, pain management/spinal injections, plastic surgery, and others. In 2018, the gastroenterology segment accounted for the largest share in the global market due to a wide presence of gastroenterology departments across the world.

In the U.S., the gastroenterology department is present in 34.0% of all outpatient surgical centers, and around 3,744 gastroenterology procedures are performed in each of the ambulatory centers annually. Digestive disorders affect around 60 million individuals in the U.S., according to data published by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK). This can be attributed to changes in lifestyle and excessive intake of high-cholesterol diet and junk food. This factor is likely to boost demand for ambulatory services for digestive disorders.

The plastic surgery segment is anticipated to witness the fastest growth over the forecast period. Increasing demand for reconstructive surgery has fueled the growth of ASCs owing to the aging population, increasing the safety of surgeries, and growing emphasis on physical appearances. In addition, a rise in patient preference for nonsurgical and minimally invasive surgeries is likely to aid segment growth.

Regional Insights

North America dominated the market in 2018 and is expected to maintain its position during the forecast period. Major factors contributing to the growth of this market are increasing government funding to advance primary care services and rising coverage for outpatient services.

Strategic initiatives by key market players in North America, such as collaborations and mergers and acquisitions, to provide technologically advanced surgeries and treatments are likely to propel the demand for ambulatory and primary care services. For instance, United Surgical Partners International expanded its network of ambulatory care units through a partnership with Tenet Healthcare in March 2015. The collaboration offered 4,000 physician staff, around 265 short-day surgical facilities along with 20 imaging centers.

The concept of ASCs is still new in Asia Pacific. However, increasing healthcare costs owing to the rise in prevalence of chronic diseases, the aging population, high healthcare expenditure, and increasing hospital readmissions, have resulted in the expansion of outpatient centers. Hence, the region is expected to observe the fastest growth in the coming years. Japan, China, India, Singapore, Australia, and New Zealand are the major contributors to the growth of the regional market.

Key Companies & Market Share Insights

Key industry contributors include Community Health Systems, Inc.; Envision Healthcare Corporation; Terveystalo; Tenet Healthcare Corporation; MEDNAX Services, Inc.; TeamHealth; Quorum Health Corporation; UnitedHealth Group; Surgery Partners; and Healthway Medical Group.

Acquisitions and collaborations with hospitals to expand their geographical reach and product portfolio are key strategies being adopted by market players. In December 2018, Terveystalo acquired Attendo’s Finland-based healthcare services, and the combined operations were likely to start from January 2019. This acquisition has helped the company strengthen its foothold in the market in Finland.

Ambulatory Surgery Center Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global ambulatory surgery center market report based on application and region:

• Application Outlook (Revenue, USD Million, 2015 - 2026)

  • Ophthalmology

  • Orthopedics

  • Gastroenterology

  • Pain Management/Spinal Injections

  • Plastic Surgery

  • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • New Zealand

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa